A fresh start! Doji's Trading Journal

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

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Dan
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Postby Dan » Wed Jun 26, 2013 5:07 am

Thanks for the feedback, I see where i went wrong and should have closed when it went against me. But 1hr had closed higher than the zline area, price retraced to below 12ema and was at the 50% of the 1hr break out candle and couldn't close below it so I went long.

Mighty One, I understand your analysis of my chart and can see the 15min candles becoming smaller which should have alerted me to something being there, obviously it was this 4hr zline.

Trading might be easy for you but it's not for part timers like me buddy, working on it.
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MightyOne
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Postby MightyOne » Wed Jun 26, 2013 5:34 am

Dan wrote:Thanks for the feedback, I see where i went wrong and should have closed when it went against me. But 1hr had closed higher than the zline area, price retraced to below 12ema and was at the 50% of the 1hr break out candle and couldn't close below it so I went long.

Mighty One, I understand your analysis of my chart and can see the 15min candles becoming smaller which should have alerted me to something being there, obviously it was this 4hr zline.

Trading might be easy for you but it's not for part timers like me buddy, working on it.



You wouldn't want to use the 50% on that 4H candle as the candle is likely to induce profit taking and not short selling.

You might want to try something like this:

Image


Look at the average, notice that it is something in the direction of profit & take note of the wicks in the direction of loss; although you do not need wick-dolls, it is a very positive indication that you are moving in the right direction.

Dan
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Postby Dan » Wed Jun 26, 2013 5:46 am

The big bearish candle with the fibs, the 50% would be where I would like to trade towards once it pushes past the zline highlighted blue. Think we are on the same page..

Doji, Aud must be making your heart skip....

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dojirock
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Postby dojirock » Wed Jun 26, 2013 6:06 am

Finally, had the nerve
STack, Stack, STack!

Love days like this! Need more of them!
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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 » Wed Jun 26, 2013 6:08 am

Does anyone have problems with the new chart save files being to large to post. Im having to crop all of my pics. They are .png format
????
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 » Wed Jun 26, 2013 6:20 am

Aud/Usd I can wait all night! lol
my u/j did exactly what I wanted it to
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 » Wed Jun 26, 2013 9:13 am

EU trade this morning

1. first Trade attempted the breakout failed. breakeven
2. Waited for deeper retracement entered on 5mins. closed on 4hr 50% level.

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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dragon33
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Postby dragon33 » Wed Jun 26, 2013 9:43 am

Image
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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dragon33
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Postby dragon33 » Wed Jun 26, 2013 9:59 am

dragon33 wrote:Image


Image
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

Dan
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Postby Dan » Wed Jun 26, 2013 10:05 am

amazing.

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