A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed May 22, 2013 12:39 pm

Trades today, done till 9:30 when things calm down...
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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 LegendofZline » Wed May 22, 2013 4:28 pm

dojirock wrote:Trades today, done till 9:30 when things calm down...


Was there a bias chosen before taking this?
Is it the red line? Is it the higher 1hr tf?

And when choosing bias are you waiting for candle to close before
Confirming direction? Or are you trading direction once price touches
Area before closing and predicting it will wick?

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Postby FXfreak » Wed May 22, 2013 7:01 pm

+5 for me today. i was up +40 but the hours after london close are slow with some crazy spikes which hit me :-/

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dojirock
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Postby dojirock » Wed May 22, 2013 7:21 pm

I always, always incorporate 2 time frames into my trading, one for entry and one higher time frame for bias. Thats how I get my best trades. The only time they fail is when I come to the end of a bias run, which no one knows for sure how long a run will be. But keep the losses small and the winners big.
In this case, yes I used a 15 min bias, 5 min entry.

LegendofZline wrote:
dojirock wrote:Trades today, done till 9:30 when things calm down...


Was there a bias chosen before taking this?
Is it the red line? Is it the higher 1hr tf?

And when choosing bias are you waiting for candle to close before
Confirming direction? Or are you trading direction once price touches
Area before closing and predicting it will wick?
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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Jalarupa
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Postby Jalarupa » Wed May 22, 2013 7:23 pm

FXfreak wrote:+5 for me today. i was up +40 but the hours after london close are slow with some crazy spikes which hit me :-/


Blame it on Ben Bernanke... he's playing on the markets puppet strings, first saying he's feels that an imminent slow down in QE stimulus would push interest rates up and this would be difficult to handle (considering how leveraged some of these banks are, esp in Euro land). Risk on spike... Then he says that they are considering tapering the pomo and you have what you currently observing as overall dollar strength in the markets.
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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dojirock
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Postby dojirock » Wed May 22, 2013 7:24 pm

I CRANKED IT TODAY!
Little bit from london, but the rest during New York Session
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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!"

FXfreak
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Postby FXfreak » Wed May 22, 2013 7:37 pm

i had to use my translator to find the correct translation for "crank" :D

=D>

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More on Bias

Postby LegendofZline » Thu May 23, 2013 1:27 am

dojirock wrote:I always, always incorporate 2 time frames into my trading, one for entry and one higher time frame for bias. Thats how I get my best trades. The only time they fail is when I come to the end of a bias run, which no one knows for sure how long a run will be. But keep the losses small and the winners big.
In this case, yes I used a 15 min bias, 5 min entry.

LegendofZline wrote:
dojirock wrote:Trades today, done till 9:30 when things calm down...


Was there a bias chosen before taking this?
Is it the red line? Is it the higher 1hr tf?

And when choosing bias are you waiting for candle to close before
Confirming direction? Or are you trading direction once price touches
Area before closing and predicting it will wick?


Doji a couple more questions about Bias

So I drew arrow which confirms a bearish bias direction.
But once the green closes over which is filled green hard to see but its there....
Is that telling us no more bias downward
And after this happens do we just wait for a new setup to find new bias direction?
Or would bias be bullish now since bearish bias didn't follow threw....
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dojirock
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Postby dojirock » Thu May 23, 2013 2:56 am

see how price is moving up...
then we get a bullish zline.
what happens after a bullish zline? a retrace
drop to the 5 min chart
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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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dojirock
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Postby dojirock » Thu May 23, 2013 2:59 am

5min
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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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