A fresh start! Doji's Trading Journal
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seacap wrote:4 losses in a row...
You were buying into S/D, you should have just taken the 10-15 pips:
My Dragon-Ashi chart would look like this:
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 wrote:
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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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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- audusd3.jpg (35.93 KiB) Viewed 3375 times
seacap wrote:MightyOne wrote:How about from the M30:
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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- au60mflip.png (68.14 KiB) Viewed 3371 times
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- au30m.png (59.1 KiB) Viewed 3371 times
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- au3m.png (80.93 KiB) Viewed 3371 times
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.
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