A fresh start! Doji's Trading Journal
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- dojirock
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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...
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!"
"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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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.
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.
- dojirock
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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 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
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- dr2eurusdm15.png (86.79 KiB) Viewed 3092 times
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- dreurusdm15.png (60.16 KiB) Viewed 3092 times
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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
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Trades from last night. Using divergence, Momentum trendline break, zlines.
Showing different ways to get the same job done.
Showing different ways to get the same job done.
- Attachments
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- gbpaudm5.png (84.34 KiB) Viewed 3150 times
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- gbpaudm5zline.png (70.71 KiB) Viewed 3150 times
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!"
"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!"
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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- dojirock
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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.
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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
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Price when reducing down and consolidating.... can only go one way.
- Attachments
-
- c1.png (66.93 KiB) Viewed 3623 times
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!"
"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!"
- trueblueTEX
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