A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed Aug 28, 2013 4:05 pm

I have always enjoyed trading, but if this trade and the last one I posted would happen every day...... I would be in love!
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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 » Wed Aug 28, 2013 4:07 pm

Broken 4hr 50, followed by a hourly 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 » Wed Aug 28, 2013 4:09 pm

Entered on 5 min chart.
SL at 0 fib
Went to bed.
Woke up to this, just closed it, enough for me!
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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 Captain Pugwash » Wed Aug 28, 2013 5:16 pm

Doji - those were Beautiful trades mate

I did not take them - but I love marking up charts - it helps me make sense of PA


I know i don't see things in the same way you do mate - but the trade exists whatever way you look at stuff (which is always interesting)- i also put in a reason to have maybe stayed in he trade (again - I only marked this up in order to make sense of PA)

so here is my markup of the chart the way I see things
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Postby bettlebox » Wed Aug 28, 2013 5:32 pm

This EurUsd i was looking for setup on the 15 min movement off the 1hr 50% level from last friday.

im looking for any comments.
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EURUSD
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Postby dojirock » Wed Aug 28, 2013 8:16 pm

Hi BB,

Here is my take on it. For the biggest safest moves use the levels at the extremes. If you look on my 15 min chart that I marked up like yours...it was a fail of a higher 50 percent area at the last extreme, thus a retrace and you were thinking long after the retrace happened.
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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 » Wed Aug 28, 2013 8:19 pm

That being said, even if we were thinking long, use a bullish mbar that holds before entering. As you can see it fails, and then dropping to 5 min chart shows you various places to go short. Even using the trusty macd..though a llittle late...helps ya with confluence.

hope this helps
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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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bettlebox
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Postby bettlebox » Wed Aug 28, 2013 8:44 pm

Thanks doji , I understand.

Also I forgot to mark up fibo on 15min bar there at 50% level like you did. That would made things alot clearer. Plus there that midpoint failure again on that 15min bar(the bar to upside off the big 50% level) smh totally missed it. Attention to detail.
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Postby newscalper » Wed Aug 28, 2013 8:47 pm

:lol: :lol: I see people are starting to like the Aussie Yen. Anyone take the long? (not me, only just got back from a holiday and a HUGE Indian meal, too stuffed to trade :oops: )

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Postby pp2 » Thu Aug 29, 2013 10:20 am

dojirock wrote: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


Hi Doji, nice trade!

How are you seeing the fails, can you describe what you are looking for so that you take the trade in confidence? In that particular AJ short are you betting the fails from a 15 min candle closes on the hourly 50% momo?

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