A fresh start! Doji's Trading Journal

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raw
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Postby raw » Mon Jul 22, 2013 3:54 pm

Hi Doji,

Haven't been on in a while, but I'm curious about this new indicator you have. I would like to have some clarity as to how you use it.

This is my current understanding.
1. The Hop indicates a macd cross of 0.00.
2. Hop indicator appears and...
3. :This is where it gets complex: A) do you wait for pull back to a zline, and trade into the direction of the hop or B) Do you enter at the extreme High/Low of the hop candle?

I'm looking at all your charts, and you seem to deploy various methods of entry. I'm confused.

A question about stacking: are you stacking based upon pip profits, or are you stacking based upon broken s/r. The entries on your charts are so tightly stacked that I can't seem to determine why are you buying or selling at those prices.

Some clarity would be appreciated. Thanks.

** One thing i've noticed. The hopper fails at just below or above Supply/Demand. However when it is clear that Supply/Demand has been absorbed by the Hop, it seems to work well in trading in its direction.

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raw
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Postby raw » Tue Jul 23, 2013 7:13 am

No response required. I get it. It took some mulling over, but it all clicked.

The single horizontal line is all you need. Its indicates where your first trade will be. It allows you to stack (potentially) and it shows you where it will all end (a significant s/d area)

The Macd shows bias. An expectation to see a series of down or up MOMO's so you can add trades to your stack. I choose not to use it, as price action is all you need.

The Hop attempts to show you if a horizontal line is broken. Be careful around significant s/d areas. However, an S/D 'area' is where price action breaks or doesn't break a horizontal line.

I understand why there is no need to use higher tf's. 5min tf is all you need.

** Every close of a candle is a line of significance....

thanks...
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raw
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Postby raw » Tue Jul 23, 2013 2:53 pm

mad stacks yo.

Momo shows the way. That's it.

If it closes below .75 I'm in again. And ride to .57
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dojirock
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Postby dojirock » Tue Jul 23, 2013 4:03 pm

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, 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 :)
Last edited by dojirock on Tue Aug 06, 2013 6:00 pm, edited 1 time in total.
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!"

raw
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Postby raw » Tue Jul 23, 2013 5:00 pm

Thanks Doji,

Its been an interesting day. I need to practice this more, but I can see how you have to the potential to make alot of pips in a relatively short period of time.

May I ask you what Moving Averages you use on your charts, and how you use them.

And, I've gotten into a habit of stacking as soon as p.a breaches a zline. I don't wait for the candle to close. Do you wait for closes?

Thanks again.

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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
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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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.

Image

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

Image

Image

Image

Still struggling with targets tbh

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

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

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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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