A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Thu May 16, 2013 10:53 pm

Todays Trade...

Broken zline, Entered...

Hold on for the ride!
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gbpusdm5.png
gbpusdm5.png (68.39 KiB) Viewed 307 times
"A small loss is just as satisfying as a large gain" -MO
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Postby Karma » Thu May 16, 2013 11:57 pm

dojirock wrote:Todays Trade...

Broken zline, Entered...

Hold on for the ride!



Image


I see reason enough for either and I'm not sure if you're in this right not (I am not) but for curiosity why one over the other

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Postby dojirock » Fri May 17, 2013 2:42 am

I am not sure what your question is?
"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 Karma » Fri May 17, 2013 3:36 am

Well my questions were whether or not you were trading this now, it kind of goes against the not at this time of day rule

I originally thought you were long but the question remains the same. Why gbp vs eur, the move looks almost the same on a small time frame
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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Postby dojirock » Fri May 17, 2013 5:09 am

Ah, just the pair I landed on and liked the way it looked... I noticed there were good runs on multiple pairs..but dont like to trade many at once...
"A small loss is just as satisfying as a large gain" -MO

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Postby judokamak » Fri May 17, 2013 6:45 am

Doji a question for you..

On Dragon s charts, he usually waits until 1h candle changes colour before he enters the trade away from 1h/4h z line. You are a scalper, so you will know this. In your experiance is it a good idea to scalp reactions, when the price arriwes at the mayor z line? I m attaching yesterdays eur trade. The price arriwed in 1h/4h z line and there were 3 scalp opportunities, which would have yielded at least 30-40 pips. If i would have waited for 1h colour change the entry would be 20-25 pips lower. So what are your thoughts, do you scalp first reactions on a mayor z line? I m attaching charts for a better understanding of what i mean.




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Postby dojirock » Fri May 17, 2013 10:59 pm

J,

Attachments of you pics is alot easier to mark up and see. I cant blow up your pics and keep good resolution.

Here is the mark ups of my entry vs Dragons. Remember he is trading a 4 hour chart range witha 15 min entry. I scalp, in and out.

hope this helps
Attachments
dr2eurusdm15.png
dr2eurusdm15.png (86.79 KiB) Viewed 449 times
dreurusdm15.png
dreurusdm15.png (60.16 KiB) Viewed 449 times
"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 dojirock » Fri May 17, 2013 11:02 pm

Trades from last night. Using divergence, Momentum trendline break, zlines.
Showing different ways to get the same job done.
Attachments
gbpaudm5.png
gbpaudm5.png (84.34 KiB) Viewed 495 times
gbpaudm5zline.png
gbpaudm5zline.png (70.71 KiB) Viewed 495 times
"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 judokamak » Sat May 18, 2013 1:27 pm

Thanks Doji for answering, will remember to attach the pics next time. On my chart the potential entries i was asking about were on and before the 1h candle you marked "hourly behind us". I know, that dragon enters with hourly momentum behind, but i was wondering if even more agressive aproach is ok for you at strong 1h/4h z-lines, since i see many cases of instant reactions, when price reaches those zone.

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Postby dojirock » Sat May 18, 2013 10:18 pm

I guess I would say if the R:R is something you can live with. I dont do that anymore due to the amount of times I was wrong was to many for me. :P
"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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