A fresh start! Doji's Trading Journal

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dchappy
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Postby dchappy » Mon Jul 29, 2013 1:58 pm

newscalper wrote:Yeah, I think I draw my lines the same as you doji

TBH I don't think I'm going to get the hang of this :(
3 losses in the chop this morning and then this which actually was another loss as I'd added. Maybe should have just taken the pips on the spike but if you don't let things run...
Hindsight is VERY easy :lol:

Image


When the macd is walking sideways along the zero line , it is telling you that the market is in chop .

Wait until you see some "white space " away from the zero line .

You don't take every cross .

btw ..is your indy the macd , or the oscillator of the macd ?

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newscalper
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Postby newscalper » Mon Jul 29, 2013 3:48 pm

Generally the macd I've been using is the MACD true, which is MACD, the pink arrows show when the fast line crosses zero
The one in that graphic is Doji's which afaik is also standard MACD
Last edited by newscalper on Tue Aug 13, 2013 2:20 pm, edited 1 time in total.

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bettlebox
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Postby bettlebox » Mon Jul 29, 2013 5:57 pm

HI doji or dragon

wanted to ask about big bars on breakout swings. Not so long ago we talked about putting a fibo 0,50% and 100% level on the biggest bar on 15min breakout swing and watching for retrace and a bounce off the levels.

Would you also say thats this valid on higher timeframes price seem????respects this levels attached is example of 1hr chart.

Appreciate any comments/feedback.

Thanks.
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby paweldobkowski » Tue Jul 30, 2013 12:13 am

bettlebox wrote:HI doji or dragon

wanted to ask about big bars on breakout swings. Not so long ago we talked about putting a fibo 0,50% and 100% level on the biggest bar on 15min breakout swing and watching for retrace and a bounce off the levels.

Would you also say thats this valid on higher timeframes price seem????respects this levels attached is example of 1hr chart.

Appreciate any comments/feedback.

Thanks.
BB


I think that You're looking for too sctrict rules. The orders are in the big bars (unless they are created on low liquidity = jumping between stacks of orders) but also in many other various places. So of course these levels might turn out to be significant but this is visual pattern trading. This is basically creating a simple model (finding a pattern) and pushing it to extremes (executing it) which almost always makes the model break.


EDIT:

Just realised that the question was to Dragon or Doji. Turns out that I'm really a polish drunk slob with no manners.

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Postby dojirock » Tue Jul 30, 2013 3:38 am

u/j trade 3 stacks
latest snap shot of trade

took +123 pips
hit my target @35
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2013-07-29_2315.png
2013-07-29_2315.png (219.21 KiB) Viewed 313 times
"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 dojirock » Tue Jul 30, 2013 3:59 am

That is exactly right. Also watch the 4hr and 1hr as a pair and how the levels get respected.

Summer volume is down... too
thats why its been a little more difficult

doji

bettlebox wrote:HI doji or dragon

wanted to ask about big bars on breakout swings. Not so long ago we talked about putting a fibo 0,50% and 100% level on the biggest bar on 15min breakout swing and watching for retrace and a bounce off the levels.

Would you also say thats this valid on higher timeframes price seem????respects this levels attached is example of 1hr chart.

Appreciate any comments/feedback.

Thanks.
BB
"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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dojirock
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Postby dojirock » Tue Jul 30, 2013 4:01 am

a-game! see ya lurking...drop me a email, stranger!
"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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bettlebox
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Postby bettlebox » Tue Jul 30, 2013 6:30 am

Thanks Doji appreciate feed back.

Your signature link videos about summer trading is exactly what im experiencing. Short spurts that don't go any where. Thing that is protecting me is taking profits on my first target and not pushing for more.

Also this summer period has temper my trading discipline.

BB



dojirock wrote:That is exactly right. Also watch the 4hr and 1hr as a pair and how the levels get respected.

Summer volume is down... too
thats why its been a little more difficult

doji

bettlebox wrote:HI doji or dragon

wanted to ask about big bars on breakout swings. Not so long ago we talked about putting a fibo 0,50% and 100% level on the biggest bar on 15min breakout swing and watching for retrace and a bounce off the levels.

Would you also say thats this valid on higher timeframes price seem????respects this levels attached is example of 1hr chart.

Appreciate any comments/feedback.

Thanks.
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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dojirock
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Postby dojirock » Tue Jul 30, 2013 6:16 pm

current u/j trade
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2013-07-30_1415.png
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Last edited by dojirock on Tue Jul 30, 2013 7:50 pm, edited 1 time in total.
"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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dojirock
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Postby dojirock » Tue Jul 30, 2013 7:38 pm

Hey Judokamak,

sorry, i missed your post

I do look at 4hr and 1 hr dragon lines once in a trade to determine how far I can go. In conjunction with that, I mark zones and im very confident once price breaks a pre planned zone that im right so i dump on the stacks. I don't feel the need for there to be a profit zone.
Those kind of trades come not at often.
"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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