A fresh start! Doji's Trading Journal

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

Moderator: moderators

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

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)

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 7
Gender: Female

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
Image

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

Postby bettlebox » Tue May 28, 2013 1:39 pm

short on E/U

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

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

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

easy day today. Stopping for day now.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 7
Gender: Female

Postby newscalper » Tue May 28, 2013 2:07 pm

Continuing to hold EU short

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 7
Gender: Female

Postby newscalper » Tue May 28, 2013 2:49 pm

Took profit. it might go some more but it needs to pullback imo

Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Tue May 28, 2013 5:35 pm

Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Tue May 28, 2013 6:32 pm

Image

dchappy
rank: 1000+ posts
rank: 1000+ posts
Posts: 1083
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 507
Gender: Male

Postby dchappy » Tue May 28, 2013 6:42 pm

newscalper wrote:
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


Taking the cross is aggressive , True ,, but you can always take the hook that follows and still make $ . Which I have seen you do many times :wink:

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”