A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Jun 04, 2013 1:16 am

No problem Karma,

My thread has been about my journey learning to read price action and zlines. I feel I have excelled in that form of trading. Being completely honest, not everyone will be able to see price action in this way so my thread has transformed slightly to various ways to use indicators to see price action. The underlying action is still there to those that can see it. The indicators point out the valid areas by using simple criteria. The number one question I get asked is how I determine my bias? I use price action. I use indicators to help traders determine a direction and with a little understanding of price action and zlines, clobber the market by taking pips! The template im using currently is one simular to DCHappy's. The arrows and text that reads "hop" is just where a macd line "hops" over the zeroline, or as pro would say the waterline. These are necessarily entries. That being said I will explain how I tie zline price action to those in the next pic.
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!"

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dojirock
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Postby dojirock » Tue Jun 04, 2013 1:34 am

This is how I tie the price action to a indicator. The indicators whether it be a macd cross, or divergence, they just act as confirmation to what I see on price action.

As far as the percent on 52 points. Averaging 60 to 90 percent a month is fairly easy. What i'm working on is stacking on to my trades. Simple rules, never when at a loss. Only when in profit.
Most important, do it quickly!
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usdjpym5.png
usdjpym5.png (59.26 KiB) Viewed 419 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!"

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dojirock
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Postby dojirock » Tue Jun 04, 2013 1:36 am

Here are some examples of stacking. Quick and then get out.
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2013-06-03_19-15-32ex2.png
2013-06-03_19-15-32ex2.png (200.35 KiB) Viewed 395 times
2013-06-03_09-29-04ex1.png
2013-06-03_09-29-04ex1.png (190.29 KiB) Viewed 395 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!"

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dojirock
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Postby dojirock » Tue Jun 04, 2013 6:28 am

Late Asian Session trade...

Back at New York Session
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usdjpym5.png (65.58 KiB) Viewed 362 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!"

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Postby newscalper » Tue Jun 04, 2013 9:08 am

Image

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Postby newscalper » Tue Jun 04, 2013 11:19 am

Mabe jumped the gun a bit...
Image
Bit of a shitty day so far, down.

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dojirock
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Postby dojirock » Tue Jun 04, 2013 3:23 pm

Yes, News, a difficult day today....market is taking a breath getting ready to setup for another nice move...we just need to be patient.
Current trade.
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usdjpym5.png
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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!"

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newscalper
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Postby newscalper » Tue Jun 04, 2013 3:37 pm

See if it goes this time
Image

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dojirock
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Postby dojirock » Tue Jun 04, 2013 3:41 pm

I have that same setup. Due to stacking im only trading one pair at a time now though.

Keep are fingers crossed!

newscalper wrote:See if it goes this time
Image
:D
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!"

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dojirock
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Postby dojirock » Tue Jun 04, 2013 4:04 pm

out -8! Guess its not ready yet!
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!"

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