A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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newscalper
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Postby newscalper » Sat Aug 24, 2013 6:57 pm

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Exactly the same logic
And no bullshit btw I posted it live (ish - it's taken me over an hour to do these charts, whereas the 2 sentences I wrote say it all anyway!), can't remember if I did for the short
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I'm not saying the daily engulf is the reason to get in, I'm saying it's the target to get out, the reason to get in in the new supply apparent on H4, which in these instances happens to coincide with an older D1 level.

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pp2
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Postby pp2 » Mon Aug 26, 2013 6:11 am

The weekly looks like it is at an interest level.

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I took the trade bc daily looks like this, my markings are in red and yellow

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I could be talking out of my butt but from my skill level, this is what I've been observing so far

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dojirock
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Postby dojirock » Tue Aug 27, 2013 6:08 am

Classic, 4 hr mbar
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"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 Aug 27, 2013 6:10 am

Next step, mark the hourly mbar which supports the 4hr analysis
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"A small loss is just as satisfying as a large gain" -MO

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dojirock
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Postby dojirock » Tue Aug 27, 2013 6:12 am

2 fails is good enough for me, entered on 15 min chart and just waited
could have pinpointed an entry, but didnt feel like thinking...lol
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"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 dchappy » Tue Aug 27, 2013 11:23 pm

sweeeet .... :smt023

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Postby MightyOne » Wed Aug 28, 2013 2:04 am

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dojirock
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Postby dojirock » Wed Aug 28, 2013 2:54 am

This is why I closed my trade....
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"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 Dan » Wed Aug 28, 2013 9:55 am

MightyOne wrote:News was talking about a ZL directly above her...

I was saying that we should never fear resistance so long as price is above something.
If you want to take profit then that is fine, but the trade is not over unless price is below something.


Been working a lot recently on when to hold and when to close so this is great timing.

This quote and your posted trade, Doji, have been really helpful.

MO, can I ask if you would have held on Doji's trade and why? It would take balls of steel to stay in that one.

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MightyOne
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Postby MightyOne » Wed Aug 28, 2013 3:25 pm

Any exit after a fast move is a good exit, but if you click to a higher chart and that fast move is a candle that is lower than something then you would consider holding.

I watch the 2 & 30 minute charts with position (stops) at 3-day extremes by default.

I only hold if I would have taken a trade from the daily+ level:

1) Can I reach 3-day extremes (with stop)?
2) Look at the 30 minute chart for "something"
3) Trade the 2 minute chart
4) If "something" appears on the daily+ chart then hold.

That said, I don't think that I would have held that trade longer than Doji.

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