A fresh start! Doji's Trading Journal
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dojirock
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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!"
"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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newscalper
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dojirock
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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.
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!"
"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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... Keep it simple...
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
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- usdjpym5.png (62.95 KiB) Viewed 497 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!"
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newscalper
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LOL. Yeah, I know about ranges but what you're effectively saying is that an apparent level of supply on H4 bears no relevence to going short on the M15/5 when the line is how far away? Not far. So you're happy to ignore higher TF levels and really just trade like a rat, completely oblivious to them? So what's the basis for exit then? Just 'take what you can get'?
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newscalper
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dojirock wrote:... Keep it simple...
Trading is easy...
Use the Macd blue line as a bias......
use any entry method you see fit.
I would use the cross, then there will be a pullback....123 setup
DC has been making money with this for years....
Yeah - I see what you mean, it's not as clear cut with MACD as you've drawn it - if you stick an alert on there there's more crosses than you think especially in that chop but it's a good illustration
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newscalper
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newscalper
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