A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue May 14, 2013 3:43 pm

Done for now... A good day!
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It always takes Momentum to break Momentum!
"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 newscalper » Tue May 14, 2013 5:25 pm

How that supposed to work then Doji? If you draw a line on the momentum or any other indi when on H1 or M30 and, as at the moment can see that it's currently clearly miles above the line, then drop to m5 and it will often be below it because Mt4 doesn't keep everything to the same scale in the lower windows?
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dojirock
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Postby dojirock » Tue May 14, 2013 6:10 pm

Your right news, I dont switch time frames while looking at the trendline on the indi. If I do drop a time frame its to look for pure price action to use as a confirmation.

Remember best trades are always confirmed in one way or another.
It always takes Momentum to break Momentum!
"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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dojirock
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Postby dojirock » Tue May 14, 2013 6:11 pm

Just by observing also, what can you tell about the 5 min chart vs the 15 min chart?
It always takes Momentum to break Momentum!
"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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newscalper
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Postby newscalper » Tue May 14, 2013 6:21 pm

OK :lol:
So you're not using it MTF in that way.

Between 5 and 15 right now?

Hmm

I see zlines broken on both saying down and new down zones forming on both but imo its a pullback and am waiting for the long. Or if you're talking about Stochs, the shorter TFs lead the larger as you would expect.

Apart from that dunno. LOL. Ultimately been wrong on direction 3 times today but had three winning trades of it. Just wished Id have staying in the big long rather than getting out earlier on.

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dojirock
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Postby dojirock » Tue May 14, 2013 6:26 pm

Yea, use the 15 or higher...gets you the viotility you need to make some money and confirmation can come from 5 min zlines...or whatever....
It always takes Momentum to break Momentum!
"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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dojirock
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Postby dojirock » Tue May 14, 2013 6:28 pm

Here is a good example. Could have been long on USD/JPY all day....
It was nice...
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It always takes Momentum to break Momentum!
"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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newscalper
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Postby newscalper » Tue May 14, 2013 7:56 pm

I don't quite see that: if the indicators are the only consideration (forgetting zlines for a moment) then there was a short entry in the middle of that would have meant either getting out of the long, or entering short and losing if not already in the long. Can you see it?

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dojirock
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Postby dojirock » Tue May 14, 2013 11:06 pm

If we knew nothing, and just indicators, yes.... come on..... were not going to throw out everything we know to bust a method? or prove a method.?

so just indicators, yes..your right...
It always takes Momentum to break Momentum!
"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 FXfreak » Wed May 15, 2013 8:51 pm

current trade. what do you think?
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