A fresh start! Doji's Trading Journal

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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?
"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.
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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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"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 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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"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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"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 3:05 am

The price action pattern must be followed...
breakout, zline...retrace enter...
its the same on all time frames, all currencies..
it either holds or breaks...
if it holds trade away from hold
if it breaks trade away from breaks.
they are zones..not lines!
"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 » Thu May 23, 2013 3:06 am

What do you think doji...

This is not a response to your post before this. Just was posted this before reading your post.


Bias change bearish on 15min
Found entry on 5min after 15min has formed
exit on 15min zline
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dojirock
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Postby dojirock » Thu May 23, 2013 3:19 am

Yes, there you go..spot on....perfect.

LegendofZline wrote:What do you think doji...

This is not a response to your post before this. Just was posted this before reading your post.


Bias change bearish on 15min
Found entry on 5min after 15min has formed
exit on 15min zline
"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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