A fresh start! Doji's Trading Journal

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bettlebox
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Postby bettlebox » Thu Jun 13, 2013 5:59 pm

Think i need to start looking at other indexes. Waited all day on E/U for a setup, set my s/l too tight took me out to the pip.


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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dojirock
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Postby dojirock » Thu Jun 13, 2013 7:15 pm

BB here is how I read just a 5 min chart. Mbar breakouts...retrace to BB band or cross of 12 ema. Catching it at BB or as it goes in our favor over the 12ema gives better prices.
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eurusdm5.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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bettlebox
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Postby bettlebox » Thu Jun 13, 2013 7:45 pm

Ahh so simple lol thats awesome thanks Doji. Yea it hell of alot better price.

I can see the trades on your attached picute i got locked out of cause risk was to great on 15min rat trades today lol.

Just speaking out loud here:-
My core trading principles stay same all im doing is getting a better entry price on the retracement. Instead of paying the 15min rat trade price.

Thank you Doji 8)

dojirock wrote:BB here is how I read just a 5 min chart. Mbar breakouts...retrace to BB band or cross of 12 ema. Catching it at BB or as it goes in our favor over the 12ema gives better prices.
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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dojirock
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Postby dojirock » Fri Jun 14, 2013 1:24 am

Shorted A/J, missed my opportunities to stack 3 more times, so I only stacked once at a lower level. Top Blue line is original entry, 2nd Blue line is 1st stack(way to late)
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audjpym15.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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dojirock
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Postby dojirock » Fri Jun 14, 2013 1:32 am

5 Min chart, same trade
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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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Postby dojirock » Fri Jun 14, 2013 2:08 am

U/J Stacked!
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2013-06-13_21-27-57.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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bettlebox
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Postby bettlebox » Fri Jun 14, 2013 8:08 am

Thank Doji i think i luv you lol. :)

My first 5min enter. I was already +5 pips as it crossed the first point i would enter on. I entered as price crossed the EMA in direction of profit on 5min.

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 judokamak » Fri Jun 14, 2013 8:51 am

doji....can you please explain a bit about your profit taking/SL. Where or when do you close your profit position-s and how do you set your SL?

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Postby newscalper » Fri Jun 14, 2013 2:44 pm

I've taken today off today and just watched and marked this up

Image

Apart from the EMA which is a good visual guide I find the macd really confuses things and does give a lot of false signals if you're not careful - it would have had you looking for a short at the bottom with that hourly close under the bottom line. To my mind at that point it was only up. Why? Who got screwed over going short at the last minute on the higher TF? There was a break up through a pointy place then price returned - it's a 123 breakout and f**k over on the higher TF, enter on 1 lower. Tada. LOL.
Good old Joe.

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Postby newscalper » Fri Jun 14, 2013 3:07 pm

Next entry in a second, as fast as i can do to real time,
Image

I'll show why in a second - it's on the 1 minute chart. It's just back there at the moment, it may end up being a scratch trade this one as its near the top

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