A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Jun 18, 2013 7:32 pm

Dragon style EUR/USD

Hourly momentum behind us!
Marked the 50
Do you see the zline zone at the bottom?

Nice trades Phil!
Hold those babies longer!
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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 bettlebox » Tue Jun 18, 2013 7:48 pm

Thanks Doji, i thought i might been seeing things. I like your confirmation analysis.

:)

dojirock wrote:Perfect BB. When I see setups like that then I look for a confirmation next. Your analysis is correct.
I have attached mine below.

Good work!
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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newscalper
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Postby newscalper » Tue Jun 18, 2013 8:30 pm

dojirock wrote:Perfect BB. When I see setups like that then I look for a confirmation next. Your analysis is correct.
I have attached mine below.

Good work!

Doji - on that basis why wouldn't you be looking for a short at the upper one?

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dojirock
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Postby dojirock » Tue Jun 18, 2013 8:46 pm

This is the one your referring too?
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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 » Tue Jun 18, 2013 8:48 pm

Here is a pic.... I will tell you..but 1st I would like you to tell me what you think?
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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 » Tue Jun 18, 2013 8:49 pm

Here is some more help if you need it.....
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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 » Tue Jun 18, 2013 8:49 pm

And last..... I would be still long....why go short? lol

doji
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 18, 2013 8:52 pm

Yes m8, that's the one - action like that got me totally hammered yesterday on AU.
On the face of it I see price not closing over a line, an attempt to move up that then fails then closes back over. The only other thing I see is that the long one, looking further back has a clear S/D area prior but the upper one's is chop but there's plenty o' wickes from that area.

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Postby onontsira » Tue Jun 18, 2013 8:58 pm

dojirock wrote:And last..... I would be still long....why go short? lol

doji


Hi Doji,

As you present it, it seems that you don't even look at M60 for your analysis, at least in this case, and trade from M15 with confirmation on M5. Is that correct?

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Postby dojirock » Wed Jun 19, 2013 12:51 am

I always trade one time frame and look for entry with some way to confirm my thinking or logic. If I see a entry potential and cant find a solid confirmation, then I drop a time frame for that confirmation. Almost always a confirmation will show up on both time frames.

So pick on, 30min, 60 min....doesnt matter...I use one or both as entry and or bias.

doji


onontsira wrote:
dojirock wrote:And last..... I would be still long....why go short? lol

doji


Hi Doji,

As you present it, it seems that you don't even look at M60 for your analysis, at least in this case, and trade from M15 with confirmation on M5. Is that correct?
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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