A fresh start! Doji's Trading Journal

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bettlebox
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Postby bettlebox » Wed Jun 26, 2013 10:09 am

Hi Dragon

Question ref The fibo levels you marked up on the 15min bars.

Is the rule to mark the bars up:-

1) It must be a breakout swing ???
2) you then put the fibo on biggest bar in the breakout swing???

thanks. Nice trade btw. :)
BB

dragon33 wrote:Image
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dragon33
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Postby dragon33 » Wed Jun 26, 2013 10:23 am

bettlebox wrote:Hi Dragon

Question ref The fibo levels you marked up on the 15min bars.

Is the rule to mark the bars up:-

1) It must be a breakout swing ???
2) you then put the fibo on biggest bar in the breakout swing???

thanks. Nice trade btw. :)
BB

dragon33 wrote:Image


Yes that's correct
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

judokamak
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Postby judokamak » Wed Jun 26, 2013 10:36 am

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?

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dojirock
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Postby dojirock » Wed Jun 26, 2013 3:45 pm

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.
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 3:49 pm

Nice Dragon,

I was able to catch the same on U/J

Thank you again!
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 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.

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

Yes, exactly. See if this pic helps
Attachments
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example.png (24.32 KiB) Viewed 692 times
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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MightyOne
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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 =)

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bettlebox
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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.

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bettlebox
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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.


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