A fresh start! Doji's Trading Journal

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

Moderator: moderators

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 0
Gender: None specified

Postby bettlebox » Wed Jun 26, 2013 5:04 pm

Thanks Dragon & Doji

What i look for is a price stall on 15min with 5min bias in my direction and holding on 5min ema.

Another way to say this is like momentum starting to move in my direction on 5min with stall on 15min away from the lines.

Is this what you mean by "we wait for rejection on the other side of that very same line then jump."??

BB
dojirock wrote:BB,

Fib lines go on Momentum bars. The 0,50,100 tell you whats happening and what direction to go.
Its always about the rejection of one of those 3 lines.
When a line is not rejected, we dont jump in, we wait for rejection on the other side of that very same line then jump.

Think easy, becomes easy.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Jun 26, 2013 5:14 pm

Yes, exactly. See if this pic helps
Attachments
example.png
example.png (24.32 KiB) Viewed 592 times
"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!"

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Jun 26, 2013 6:23 pm

So simple that people will laugh in your face when you explain it to them.

This is similar to AU (not that it will have the same outcome):

Image


0, 50, 100, or just eyeballing it...

If you trade what you see then all you need is a horizontal line.

When I am forced to explain how I trade to people sitting with me at the bar then I simply say:

At the end of the year there will be one highest high, one lowest low, & a range.
If you trade from one point or the other then you may capture a large portion of said range.
From which point do you trade?
Draw a horizontal line & if price is generally higher then go that way, but if it is generally lower then go the other way.

They all laugh and we silently drink our beers =)

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 0
Gender: None specified

Postby bettlebox » Wed Jun 26, 2013 6:45 pm

Thats great Doji perfect.

dojirock wrote:Yes, exactly. See if this pic helps
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 0
Gender: None specified

Postby bettlebox » Wed Jun 26, 2013 6:55 pm

Mo

I notice this more chart time i get and how simplier things are becoming. There seems to be relationship to chart time and methods and confidence.

Im finding this process very interesting in its self.

BB


MightyOne wrote:So simple that people will laugh in your face when you explain it to them.

This is similar to AU (not that it will have the same outcome):

Image


0, 50, 100, or just eyeballing it...

If you trade what you see then all you need is a horizontal line.

When I am forced to explain how I trade to people sitting with me at the bar then I simply say:

At the end of the year there will be one highest high, one lowest low, & a range.
If you trade from one point or the other then you may capture a large portion of said range.
From which point do you trade?
Draw a horizontal line & if price is generally higher then go that way, but if it is generally lower then go the other way.

They all laugh and we silently drink our beers =)
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

pp2
rank: 150+ posts
rank: 150+ posts
Posts: 158
Joined: Fri Oct 23, 2009 5:03 am
Reputation: 0
Gender: None specified

Postby pp2 » Thu Jun 27, 2013 7:44 am

Agreed! A very nice simple way of looking at things MO, examples of GU ...

Image

Image

Image

And you don't need it but if you add blubbs custom candle and highlight the momo you can see bodies and wicks easier

Thanks for keeping it simple MO and all ;)

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 0
Gender: Male

Postby dragon33 » Thu Jun 27, 2013 9:44 am

judokamak wrote:Dragon, thanks for posting your charts, they are an inspiration. I have some questions if you ll find a minute or two:

1. Where did you put SL on your first entry.
2. Was your first entry triger, after that red 15min closed below 0% of the last green 1h candle?
3. Were your second and third trades based on smaller tf PA+50% rejection of the 50% of those red momo 15min candles?
4. What was your trigger for final trade?


1. I have a standard SL of 25 if stop is bigger then i adjust the size i trade with
2. Started an order just below the fibs after rejection of the 50%. The small H1 and the higher frame indicated a possible turn. Told earlier in the week the price will fall further.
3. All my entries are based on the fibs, this is several years now. Works like a charm ;-)
4. again rejection of one of the lines and there was room to do it.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

seacap
rank: <50 posts
rank: <50 posts
Posts: 31
Joined: Thu Apr 04, 2013 8:01 am
Reputation: 0
Gender: None specified

Postby seacap » Thu Jun 27, 2013 9:58 am

Nice trading guys.
I am trying to see what you guys do.
Below are AUDUSD 1h and 15m charts. I went long 3 times and got stopped out on every try. Any comments?
Attachments
audusd.PNG
audusd.PNG (19.01 KiB) Viewed 837 times

Dan
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Jul 05, 2012 9:45 am
Reputation: 0
Location: Sydney
Gender: Male

Postby Dan » Thu Jun 27, 2013 10:57 am

I got stopped out in similar areas, that's trading. Using a small stop means you have to have your entry almost perfect. It's the second night i've been waiting for the aus/usd to give a good run, it's going to pay me back tonight I hope.

Dan
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Jul 05, 2012 9:45 am
Reputation: 0
Location: Sydney
Gender: Male

Postby Dan » Thu Jun 27, 2013 11:01 am

its closed above now looking like rejecting the 4hr zline, look for an entry on lower t/f.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”