A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Apr 02, 2013 1:56 am

Most certainly!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby cwn6161 » Tue Apr 02, 2013 12:37 pm

Once this 4H closes at 9, will look to short CADJPY on break of this current candle's open. I am unsure of scalping for 30 pips or try hitting a zline at 91.25 or 91.10.

pariah
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Postby pariah » Tue Apr 02, 2013 12:47 pm

Hi folks, I just wanted to share some very novice advice - but the method seems to be working well for me.

In the last few days I've become indicator free. Less a candle stick chart and one or 2 horizontal lines.

Indicators get in the way, because candles tell you where or not where price is going

IMO Fundamentally all you need to determine PA are 2 things.

1. an area (usually taken off m30 or h1 chart) where s become r or r becomes s - this is aka Supply or Demand, zline, support or resistance.

2. and a single m30 or h1 candle closing above or below that line to show you direction - this is Bias or Momentum, or momo etc...

3. Perhaps a third, which is another support or resistance, or supply or demand level for tp considerations.

That's it.

I just took this AJ trade, I'm up about 130 pips collectively in the last 24 hours - literally trading everything where price crosses or closes above my lines.

zakk
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pariah
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Postby pariah » Tue Apr 02, 2013 1:00 pm

These are live charts.

Just to continue from my last post.

Price hits the area, and reacts. Now wait for a 'bias'. I'll probably rat off the green momo.
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pariah
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Postby pariah » Tue Apr 02, 2013 1:43 pm

I'm beginning to think that BIAS is the MOST important thing.

Anyways... It is this easy...


I'm up almost 20 pips on AJ currently.

I'm going to start jackin up the lots now. At this rate, I'll have my tuition paid off by June, and probably be rockin a Challenger srt by Sept. LOL.


Thanks again Doji and Mo for all your help.

Zakk.
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Postby PebbleTrader » Tue Apr 02, 2013 3:59 pm

I would say how price is reacting to your ideas is the most important thing.
Life is just a journey

pariah
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Postby pariah » Tue Apr 02, 2013 4:44 pm

Ok.

Here are the ideas - Line Bias IN.

Up 40 for the day. Looking to take another 20 here...

The stuff i've learned here is priceless...
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MightyOne
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Postby MightyOne » Tue Apr 02, 2013 5:00 pm

dojirock wrote:Hi mo,
Ok do say...

I see the 1 ema.....I see the 1/3 marks form highs to lows per candle..

Can you list the remaining steps, for your lines?

Thanks!


Keep in mind that the smoothed 4-period MA is just a LIS assist:

Image

pariah
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Postby pariah » Tue Apr 02, 2013 5:25 pm

LOL...

Added a 3rd sell - just because I believe that this method works. I just closed at .62. Took over 20 pips combined on 3 trades. I couldn't wait. I got class in about 1/2 hr....

One of these days I won't be so lucky and i'll have 3 losing simultaneous trades.... lol...

Just over 60 pips for the day.

zakk
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MightyOne
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Postby MightyOne » Tue Apr 02, 2013 6:20 pm

Using a LIS is not rocket science:

Image

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