A fresh start! Doji's Trading Journal

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pariah
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Postby pariah » Fri Apr 12, 2013 2:28 am

ono,

Bodies show the way, wicks in the direction of loss. WickDolls.
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dojirock
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Postby dojirock » Fri Apr 12, 2013 3:55 am

Fx,

Looks good, you have the concept down.... market is really slow during this time though....

FXfreak wrote:hey doji, what do you think about my current trade?
"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!"

seacap
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Postby seacap » Fri Apr 12, 2013 7:16 am

#3 IMO.

onontsira wrote:
seacap wrote:Onontsira, what you describe here is the same method that Dragon, Es/pip, Seiden use. For example: find a demand/zl on 1h, switch to 5 min, find demand/zl there in the zone of 1h demand/zl, enter. Small risk based on 5min and good potential reward based on 1h.


Ok, so where do we place our SL?

Let me ask in another way: do we put our SL beyond the last H1 extreme (far from our entry) or beyond the last M5 extreme that made us enter?

I made a chart on 3 points. I think the answer is at 3/, but not sure...

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MightyOne
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Postby MightyOne » Fri Apr 12, 2013 9:25 am

"Bodies show the way, wicks in the direction of loss. WickDolls." -Pariah

That is the first thing I ever said & it is really the only lesson that you need to learn as far as technical analysis is concerned.

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onontsira
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Postby onontsira » Fri Apr 12, 2013 11:03 am

MightyOne wrote:"Bodies show the way, wicks in the direction of loss. WickDolls." -Pariah

That is the first thing I ever said & it is really the only lesson that you need to learn as far as technical analysis is concerned.


I think I got it now. This morning I made some test on M1... not easy but good for learnning purpose.

First attempt, I thought my M30 ZL will hold, that was not the case: -3.5 pips

Second attempt, another M30 ZL, it held but didn't take my profit (I think that's what you call "advance, retreat", MO? This is where Space concept should help me :?: ). Anyway: lose -1 pip.

Third attempt on the same M30 ZL, this one is good: +18 pips.

So I'm now at +13.5 pips... with 2 loses for 1 win :P
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onontsira
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Postby onontsira » Fri Apr 12, 2013 1:11 pm

Must trade with limit orders!!! DD can be really small :shock:

Do you guys also trade with limits?
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judokamak
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Postby judokamak » Fri Apr 12, 2013 1:14 pm

onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order

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onontsira
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Postby onontsira » Fri Apr 12, 2013 1:28 pm

judokamak wrote:
onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order


The only risk is to miss the trade... so limits should be better...

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dragon33
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Postby dragon33 » Fri Apr 12, 2013 7:06 pm

onontsira wrote:
seacap wrote:Onontsira, what you describe here is the same method that Dragon, Es/pip, Seiden use. For example: find a demand/zl on 1h, switch to 5 min, find demand/zl there in the zone of 1h demand/zl, enter. Small risk based on 5min and good potential reward based on 1h.


Ok, so where do we place our SL?

Let me ask in another way: do we put our SL beyond the last H1 extreme (far from our entry) or beyond the last M5 extreme that made us enter?

I made a chart on 3 points. I think the answer is at 3/, but not sure...


If you enter at the point you said then i put my SL just above the wick that tested the H1. Lets say you use momentum to trade which you are doing anyway then that momentum is only broken when you get a close against you.
The question you should ask is what frame am i trading? If you trade the H1 use stops for H1 and so on.

By the way nice to see someone from the same country :P
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Fri Apr 12, 2013 7:07 pm

onontsira wrote:
judokamak wrote:
onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order


The only risk is to miss the trade... so limits should be better...


The big difference between market and limit is price. A limit order gets filled at YOUR price a market you never know ;-)
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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