A fresh start! Doji's Trading Journal

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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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seacap
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Postby seacap » Thu Jun 27, 2013 7:37 pm

raw wrote:Demand area hit twice already. Absorbing all the buyers. Eventually there were none. Take the first bounce.


IMO you can not know when the buyers/sellers are absorbed. You even do not know if the buyers are still there at your demand on the first touch.
Here we have the supply area which was hit 4-5 times and the buyers could not absorb the sellers. Do you know why?
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withnail
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Postby withnail » Thu Jun 27, 2013 8:01 pm

seacap wrote:
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.


It did not look good at all. The bar you stuck the fib on didn't get anywhere at all. Trading is not about learning a trick, understand what is happening.

(read charts from bottom one first)
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1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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dojirock
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Postby dojirock » Fri Jun 28, 2013 1:30 am

Classic
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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!"

Dan
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Postby Dan » Fri Jun 28, 2013 6:02 am

.
Last edited by Dan on Sun Aug 15, 2021 11:25 am, edited 1 time in total.

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