A fresh start! Doji's Trading Journal

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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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"A small loss is just as satisfying as a large gain" -MO
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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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Postby newscalper » Thu May 23, 2013 10:09 pm

Charts re what I was talking about.

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Top line is weekly/daily bottom current H4
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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.
"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 » Fri May 24, 2013 12:12 am

... 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....
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Postby onontsira » Fri May 24, 2013 9:22 am

dojirock wrote:This is what I mean... using just one time frame... 1hr


Thank you Doji :P

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Postby newscalper » Fri May 24, 2013 9:54 am

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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Postby newscalper » Fri May 24, 2013 11:03 am

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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Postby newscalper » Fri May 24, 2013 11:04 am

can I change my nick to 'Doubting Thomas' :lol:

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Postby newscalper » Fri May 24, 2013 11:33 am

Well, this would have been 'difficult' for some trading earlier, shorts got wiped out.

Anyway, now in short, slightly late so in drawdown atm
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