A fresh start! Doji's Trading Journal

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westcountry
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Postby westcountry » Tue Jun 25, 2013 2:44 am

Hi Doji and All,

How does this one look please?
Looking at it with my eyes, its an older Zline broken to the upside by the candle before arrow, (with close above line), enter on retracement (where arrow is) on 5 minute chart. Good for about 20 pips.

Open for feedback please.
Am I looking "left" correctly here?

Thanks,
Westcountry

PS. Thanks to All on this thread for your great contribution.
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dojirock
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Postby dojirock » Tue Jun 25, 2013 3:16 am

Westcountry,

Spot on! Nice. Good to see you post some charts and join us.

Looks great to me.

doji

westcountry wrote:Hi Doji and All,

How does this one look please?
Looking at it with my eyes, its an older Zline broken to the upside by the candle before arrow, (with close above line), enter on retracement (where arrow is) on 5 minute chart. Good for about 20 pips.

Open for feedback please.
Am I looking "left" correctly here?

Thanks,
Westcountry

PS. Thanks to All on this thread for your great contribution.
"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 25, 2013 3:18 am

Short on U/J with 3 stacks....
I may add more later.
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"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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westcountry
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Postby westcountry » Tue Jun 25, 2013 3:26 am

Big thanks Doji,
I have been studying hard, its like I am back in school.

Can't thank you all enough.
-Westcountry

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dojirock
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Postby dojirock » Tue Jun 25, 2013 3:55 am

Takin it while its givin it.

Letting the last postion trail out or close at 97.05

Back at NY session
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"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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Dan
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Postby Dan » Tue Jun 25, 2013 10:28 am

Loser today, any comments guys? I still think direction is right, just too soon.
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MightyOne
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Postby MightyOne » Tue Jun 25, 2013 5:56 pm

Dan wrote:Loser today, any comments guys? I still think direction is right, just too soon.


You had two things working against you:

1) a series of three candles with shrinking body sizes pointing to S/D above your position.

2) buying into a longer red candle.


When you go long, you should do so because price is closing higher than something.

If you buy on a retrace then you should do so because a higher period chart has closed over something.

Bodies should be facing the direction of profit & wicks should face the direction of loss...
& size matters =)

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dojirock
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Postby dojirock » Tue Jun 25, 2013 5:58 pm

Dan, analysis for U/J, AUD/USD same but reversed...see pics

Good analysis. I assuming your basing it on the hourly time frame,
Broken 50 and 100 line. Thats correct so far. Be a little more conservative on the trigger when basing a trade on a hourly analysis. I use the color change . See how it appears to fail by moving back down, leaving a green, red candle? Entry would be as price moved back up and crosses the line for a long. If price moves back up but doesnt close above the line then take a short when the price closes back below the newly formed red,green candle.

your right I hope in just being to early. I am short on u/j and long on a/u banking alot on it right now. My reason is look left at the 4hr down momentum candle and fib it out with a 50 percent. All the 4 hour candles are failing to close above that 50 line(97.82). Could be a big short trade due to its a 4hr fail, in the next asian or london session. Just the opposite for a/u (98.50)

Be ready...

doji
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"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 25, 2013 6:11 pm

AUD/USD
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"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 25, 2013 6:12 pm

USD/JPY
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kr2.png
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"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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