A fresh start! Doji's Trading Journal

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Karma
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Postby Karma » Thu May 23, 2013 5:21 pm

MightyOne wrote:Bias only exists in higher periods; what you call small time frame "bias" is nothing more than a trigger.


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FXfreak
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Postby FXfreak » Thu May 23, 2013 5:33 pm

i just show my losers from today...

i was up+50 but ended with +10
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newscalper
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Postby newscalper » Thu May 23, 2013 6:03 pm

Exactly, so if the market is generally up, there's no higher timeframe line above, not even on the weekly, you're above an H4 line, why on earth is the trade to take the short one and then lo and behold the H4 line breaks :shock: ?

Karma
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Postby Karma » Thu May 23, 2013 6:40 pm

There's always a reason
even if the reason is just that they want more orders

post a chart

It's very difficult to imagine what you're talking about
"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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dojirock
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Postby dojirock » Thu May 23, 2013 8:09 pm

Im glad you ended up...but when your up that far, take it!

I drew a line on the chart for the last long zline....
This remains valid until something closes lower than that.
All short trades above that are retrace trades.
That line held, so you trade long away from that held line!



FXfreak wrote:i just show my losers from today...

i was up+50 but ended with +10
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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 8:12 pm

Better yet, there are no short zlines above that long zline even.
So just go long below the ema!
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 8:23 pm

This is what I mean... using just one time frame... 1hr
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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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MightyOne
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Postby MightyOne » Thu May 23, 2013 10:02 pm

Karma wrote:
MightyOne wrote:Bias only exists in higher periods; what you call small time frame "bias" is nothing more than a trigger.


Welcome back?


No, I'm gone until 2015.

I may stop by here and there.

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newscalper
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Postby newscalper » Thu May 23, 2013 10:09 pm

Charts re what I was talking about.

Image

Top line is weekly/daily bottom current H4
Image

Image

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dojirock
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Postby dojirock » Fri May 24, 2013 12:03 am

I understand.. and you could very well be right. But unless your planning on taking a huge drawdown, the weekly as a bias, or even the daily is more than 5 times the entry timeframe. On a 15 min chart price can move 100 pips up and down and look like a fleck on the weekly and daily.
To trade a daily, and without even looking I would not attempt it on anything less than a 5 hr (5*5=25)(24 hrs in a day)This is exactly why I dont trade above the 4hr.
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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