A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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aldomcfaldo
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Postby aldomcfaldo » Tue May 28, 2013 7:45 am

Something else to consider when growing your own, http://www.crossroads.ws/brixbook/BBook.htm

http://www.highbrixgardens.com/

I don't personally grown anything of my own yet but eating sweet fruit and vegetables is always going to be better for ya!

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bettlebox
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Postby bettlebox » Tue May 28, 2013 10:26 am

Mornings EurUsd Trade.

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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onontsira
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Postby onontsira » Tue May 28, 2013 11:07 am

bettlebox wrote:Mornings EurUsd Trade.



Hi BB,

Would you please explain why you gave so little room to your first trade?

Thank you

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newscalper
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Postby newscalper » Tue May 28, 2013 11:23 am

Todays so far
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bettlebox
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Postby bettlebox » Tue May 28, 2013 12:04 pm

Hi Onontsira

I exited there based off chart experience. I dont want to confuse people with fine details this something you develop as you gain experience.

but i will explain. Price was struggling to cross the 50% level of the 1hr momo down so i was on high alert to breaks of previous candles low. Hence my exit. I was trading from 1hr zline to 1hr zline when im trading at this time frame, im watching highs and lows of 15min candle. idea Once the banks going after held profit (shown by zline) they will keep going until that zline is hit.My expectations was for price to go clean through the 1hr momo 50% level. It failed. Meaning most probably need to retrace somemore, more weight to fact that if price is closing lower that pervious candle to get out. Then as price price bounced off 1hr zline again I rejoined the trade as it pushed through the high, heading back to 1hr zline above.

Like said this is something you develop from experience. It will confuse hell out of you if trade to develop hard rules around this.

BB

onontsira wrote:
bettlebox wrote:Mornings EurUsd Trade.



Hi BB,

Would you please explain why you gave so little room to your first trade?

Thank you
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onontsira
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Postby onontsira » Tue May 28, 2013 12:13 pm

bettlebox wrote:Hi Onontsira

I exited there based off chart experience. I dont want to confuse people with fine details this something you develop as you gain experience.

but i will explain. Price was struggling to cross the 50% level of the 1hr momo down so i was on high alert to breaks of previous candles low. Hence my exit. I was trading from 1hr zline to 1hr zline when im trading at this time frame, im watching highs and lows of 15min candle. idea Once the banks going after held profit (shown by zline) they will keep going until that zline is hit.My expectations was for price to go clean through the 1hr momo 50% level. It failed. Meaning most probably need to retrace somemore, more weight to fact that if price is closing lower that pervious candle to get out. Then as price price bounced off 1hr zline again I rejoined the trade as it pushed through the high, heading back to 1hr zline above.

Like said this is something you develop from experience. It will confuse hell out of you if trade to develop hard rules around this.

BB

onontsira wrote:
bettlebox wrote:Mornings EurUsd Trade.



Hi BB,

Would you please explain why you gave so little room to your first trade?

Thank you


Thank you BB for this detailed answer.

I'm glad I asked (I thought you stopped it because of a 5min candle closing under your entry)

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Postby newscalper » Tue May 28, 2013 12:53 pm

And back in, viewing this one as countertrend to the M15 so watching closely for now
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bettlebox
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Postby bettlebox » Tue May 28, 2013 1:39 pm

short on E/U

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Postby bettlebox » Tue May 28, 2013 1:43 pm

easy day today. Stopping for day now.
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Postby newscalper » Tue May 28, 2013 2:07 pm

Continuing to hold EU short

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