A fresh start! Doji's Trading Journal

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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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Image

Karma
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Postby Karma » Fri May 24, 2013 12:38 pm

MightyOne wrote:No, I'm gone until 2015.

I may stop by here and there.


I can only be left to wonder

but we're happy to have you when you find the time

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Postby bettlebox » Fri May 24, 2013 12:39 pm

E/U trades today.

There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby Karma » Fri May 24, 2013 12:43 pm

newscalper wrote:Charts re what I was talking about.

Image

Top line is weekly/daily bottom current H4
Image

Image


Image

Now I have to say I didn't trade this one, this is just what I would be seeing

Trading pure price action. It hits the 4h "something" is rejected a little and then plummets down. If it's not trading up it's going........

As far as that particular something is concerned

Image

I don't even see it on the chart


just because there is "something" in the way

doesn't mean that price can't break it

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Postby newscalper » Fri May 24, 2013 2:07 pm

Wow, look at that reaction for a none existent 'something'

Image

Still short on EJ

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Postby newscalper » Fri May 24, 2013 2:16 pm

Karma wrote:
newscalper wrote:Charts re what I was talking about.

Image

Top line is weekly/daily bottom current H4
Image

Image


Image

Now I have to say I didn't trade this one, this is just what I would be seeing

Trading pure price action. It hits the 4h "something" is rejected a little and then plummets down. If it's not trading up it's going........

As far as that particular something is concerned

Image

I don't even see it on the chart


[highlight=red]just because there is "something" in the way

doesn't mean that price can't break it[/highlight]


Which as I said blows the entire theory of looking at higher TF zones as point of entry out of the water unless they are failed ones.

Karma
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Postby Karma » Fri May 24, 2013 2:31 pm

newscalper wrote:
Karma wrote:
newscalper wrote:Charts re what I was talking about.

Image

Top line is weekly/daily bottom current H4
Image

Image


Image

Now I have to say I didn't trade this one, this is just what I would be seeing

Trading pure price action. It hits the 4h "something" is rejected a little and then plummets down. If it's not trading up it's going........

As far as that particular something is concerned

Image

I don't even see it on the chart


[highlight=red]just because there is "something" in the way

doesn't mean that price can't break it[/highlight]


Which as I said blows the entire theory of looking at higher TF zones as point of entry out of the water unless they are failed ones.


Is it a problem if they fail? You can trade them when they don't fail too

I actually assure you on that



Because we are just drawing lines on a chart, no one else knows they are there. So I don't draw them, then I don't expect reaction at something that may or may not exist

I look for a reaction and trade away from whatever caused it

just because I know where to expect a reaction doesn't mean I blindly believe I'll get one

and some times the reaction signals that it's going to break through said area

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Postby newscalper » Fri May 24, 2013 2:46 pm

Out
Image

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