A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Sun Jul 01, 2012 4:22 am

You have to know what you want and be willing to wait for it.

Price doesn't move up or down in a straight line so you have to take
one or two large reversals into consideration when creating a plan.

EJ is still 1000+ pips off the yearly high...1000+ pips I say!
Those who were willing to wait, instead of fidgeting daily, were paid handsomely.

Price DOES move hundreds of pips (thousands even) and all you have
to do is BE IN THE MARKET until it moves.

Rule of Thumb: Take a long term trade when you are guessing and a short term trade when it is obvious. ;)

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dojirock
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Postby dojirock » Mon Jul 02, 2012 3:34 pm

Thanks Mighty One!

I need to be reminded of these things from time to time!
I was about to give up and take a loss. :D

dojirock
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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!"

MDSEA
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Postby MDSEA » Tue Jul 03, 2012 2:13 am

Well see on this one.

Red line pass mbar failed reversal trade.

Entry Green line

TP purple line


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MDSEA
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Postby MDSEA » Tue Jul 03, 2012 3:09 am

TP 47 yittiddy!

Looking for short entries around here if price is telling me we are shorting.... purple dotted lines

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dojirock
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Postby dojirock » Tue Jul 03, 2012 4:42 am

Nice Job msdea,

Feels good when your right doesnt it! :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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MDSEA
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Postby MDSEA » Tue Jul 03, 2012 5:24 am

Well see how the week end. But for now im :D

MDSEA
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Postby MDSEA » Wed Jul 04, 2012 12:49 am

TP13 wasn't pretty but it went to the price
Entry at x
tp at green line
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dojirock
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Postby dojirock » Wed Jul 04, 2012 6:12 pm

GU analysis and trade

dojirock
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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 Jul 04, 2012 6:13 pm

I used the same technique to stay in the trade longer.

dojirock
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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 Jul 04, 2012 6:15 pm

mdsea,

notice how on all three time frames, its telling you the same story?

dojirock
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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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