A fresh start! Doji's Trading Journal

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dojirock
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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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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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eurusdm5.png
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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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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: )

pp2
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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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Postby dojirock » Fri Aug 30, 2013 4:26 am

I like the failed 50's on 4hr the best..when a number of 4hr or 1 hr candles fail to cross the 50 line. From there look for momentum moving away from the failed line, then wait for the retrace to enter.






pp2 wrote:
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?
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 bettlebox » Fri Aug 30, 2013 7:33 pm

My E/U trades for today. They mess price all morning right up to USA opening.

I was too quick to enter on -6 pip trade (untested 5min momo) i paid the man for my impatients.
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EURUSD 30th August
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Postby Dan » Sat Aug 31, 2013 5:17 am

bettlebox wrote: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.


I used to get into trouble by trading zlines in the wrong direction and I would have traded that also but now something as simple as the macd gives bias so keeps me on the right side of the market. Same chart as yours the way I see it.

Thanks MO for comments and Doji for keeping things simple.
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Postby bettlebox » Thu Sep 05, 2013 12:57 pm

My EU trades today wish there more days like this.

Doji something has clicked in my head about the big bars and how price inter-acts with them.

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 newscalper » Thu Sep 05, 2013 1:05 pm

Well, got in on the crazy move, albeit early. Shouldn't really have got in until it broke my pink box. I had to sit through the spike up into supply, but the supply was my reason to exit my long and then go short, so that was my logic. I've been playing with space a bit this week so my position was 40 odd pips away, did contemplate closing on the spike up but then thought 'what the heck' there's big supply up there somewhere. Exited at the first apparent 15 minute demand level but it's going lower.
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