A fresh start! Doji's Trading Journal

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Dan
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Postby Dan » Thu Jun 27, 2013 11:33 am

dragon33 wrote:Image


Hi Dragon, Ive been trying to find a signal on a bigger t/f that alerted you to that area and all i could find was this. Am I close or way off?
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raw
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Postby raw » Thu Jun 27, 2013 2:53 pm

If this is what you mean... Previous H1 supply.
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seacap
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Postby seacap » Thu Jun 27, 2013 3:30 pm

4 losses in a row... :cry:
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pp2
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Postby pp2 » Thu Jun 27, 2013 3:42 pm

seacap, sorry for the losses bud, goes with the game :)

Look at D or H4 history, you'll see a swap level around 0.932xish for the downside. History is important and not just the present 'trend'

raw
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Postby raw » Thu Jun 27, 2013 4:05 pm

Demand area hit twice already. Absorbing all the buyers. Eventually there were none. Take the first bounce.
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MightyOne
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Postby MightyOne » Thu Jun 27, 2013 5:01 pm

seacap wrote:4 losses in a row... :cry:


You were buying into S/D, you should have just taken the 10-15 pips:

Image


My Dragon-Ashi chart would look like this:

Image


The closes are nearly the same as a 2 SMA:

(OPEN[prev]+HIGH[prev]+LOW[prev]+LOW[crnt]+HIGH[crnt]+CLOSE[crnt])/6

The Dragon-Ashi open is at 56% instead of 50.

//---Dragon-Ashi OPEN---
haOpen = ((ExtMapBuffer3[pos+1]*5.6)+(ExtMapBuffer4[pos+1]*4.4))/10;

//---Dragon-Ashi CLOSE--
haClose= ((Open[pos+1]+High[pos+1]+Low[pos+1]+Low[pos]+High[pos]+Close[pos]))/6;

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MightyOne
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Postby MightyOne » Thu Jun 27, 2013 5:26 pm

How about from the M30:

Image

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MightyOne
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Postby MightyOne » Thu Jun 27, 2013 6:35 pm

Image


If you have good position then you can turn your short term trades into long term trades if need be.

seacap
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Postby seacap » Thu Jun 27, 2013 7:09 pm

MightyOne wrote:How about from the M30:

Image


I was trading H4 chart, it did look good, see below.
And when I made the first two entries there was not serious problem on m15/m30.
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seacap
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Postby seacap » Thu Jun 27, 2013 7:16 pm

MightyOne wrote:
Image


If you have good position then you can turn your short term trades into long term trades if need be.


Sounds great.
In this case you need a big move to profit because your SL is large in terms of pips.
So if we are short from that 130.00 daily/weekly extreme, where do we close our position? Should we close it ang go long from this new 126.5 low extreme? Or should we leave our short in hope of move to 125?
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