A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Jul 23, 2013 5:58 pm

eh, dont really look at them any more... I used to use a 12ema to force me to wait for better prices.

the 50 simple and 100 simple are for kind of a bias..but I dont seem to really watch them either. lol

Once price leaves a doji zone (name for the zones I draw) I stack a way. I dont wait for closes either.

The zones I draw are discussed at nausea in this thread :D
"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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newscalper
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Postby newscalper » Wed Jul 24, 2013 9:04 am

Looking at a different view with this.
Just the one TF, hourly from M30 is pretty good for bias but after a decent retrace I find things can get confusing so looking at the next TF up too. Chose long, still a bit of a punt I feel as the close over, close under is there on the higher TF but price is moving up from supply so I'm long for now.

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Hmm, think might have it wrong.
Stopped and reversed

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Postby newscalper » Wed Jul 24, 2013 11:28 am

exited, took a few pips on the long, now re-entered short

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Still struggling with targets tbh

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newscalper
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Postby newscalper » Wed Jul 24, 2013 11:38 am

Nah, closed it. reckon I'm wrong for now

dchappy
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Postby dchappy » Wed Jul 24, 2013 5:52 pm

newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)

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Postby dchappy » Wed Jul 24, 2013 5:58 pm

dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


P.S. The only bias I trust . Is "what is the macd telling me right NOW "

In short term trading , nothing else matters ......

judokamak
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Postby judokamak » Wed Jul 24, 2013 8:51 pm

dojirock wrote:Thats it raw, by never stacking on a losing trade, and stacking like heck when your right, magnifies your r:r tremendously. How much exactly? Who cares! Its different with every trade. Once good trade can wipe out 5 bad ones easily.

The macd, hopper is to help people struggling with price action on whcih mbars count and which dont. Bias isnt difficult. Then combining with dragon lines and it doesnt get any better.

doji :)



Which dragon lines do you mean Doji...from what tf-s?

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newscalper
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Postby newscalper » Wed Jul 24, 2013 9:03 pm

dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


Because I've sat and watched the MACD on renko, a lot. On that chart, which is a 5 pip renko the long would have been a loss, you'd have missed the short that I made money on and when you finally got in short with the macd cross you'd have lost again. That's why.

dchappy
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Postby dchappy » Wed Jul 24, 2013 10:03 pm

newscalper wrote:
dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


Because I've sat and watched the MACD on renko, a lot. On that chart, which is a 5 pip renko the long would have been a loss, you'd have missed the short that I made money on and when you finally got in short with the macd cross you'd have lost again. That's why.



Hmmmmm...OK Then 8)

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newscalper
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Postby newscalper » Wed Jul 24, 2013 10:23 pm

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