A fresh start! Doji's Trading Journal

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raw
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Postby raw » Sun Oct 20, 2013 3:12 pm

Hey Doji,

In reference to your last chart. My lines (in white) are slightly different than yours by only a few pips. But I think I'm following your lead quite well.

1. Are you trading exclusively on a single tf, or are you correlating with a higher one m15, m30, h1 - for entries, and tp's?

I've been trading off of the m15 exclusively as I don't have the patience to wait for anything higher.

On the occasion, as in the last few weeks, I've put on just arbitrary shorts on pairs who have reached W1 supply. EU, GU, and right now, its NzdUsd' turn. Over several 100 pips for just a few set and forget trades.

Thanks for the charts.
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dojirock
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Postby dojirock » Mon Oct 21, 2013 7:38 pm

These trades were on the 5 min chart only. I will look at 15 min for a bias if things are not clear. All my lines are 5 min lines. I dont reverse until my red(short lines are drawn and then I take the last failed green line which tells me safe to short. If you look at the runs, there are no red lines in a long trade and vice versa. Thats the key for my success. There is no discretion on these lines. Where you would have gone short I would not due to know red line.

hope this helps

doji

raw wrote:Hey Doji,

In reference to your last chart. My lines (in white) are slightly different than yours by only a few pips. But I think I'm following your lead quite well.

1. Are you trading exclusively on a single tf, or are you correlating with a higher one m15, m30, h1 - for entries, and tp's?

I've been trading off of the m15 exclusively as I don't have the patience to wait for anything higher.

On the occasion, as in the last few weeks, I've put on just arbitrary shorts on pairs who have reached W1 supply. EU, GU, and right now, its NzdUsd' turn. Over several 100 pips for just a few set and forget trades.

Thanks for the charts.
"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 ahmedalhoseny » Tue Oct 22, 2013 4:36 am

hello dojirock what are the green and red levels!!! and how to draw them

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Dan
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Postby Dan » Tue Oct 22, 2013 9:45 am

Doji, I never understood how or why you pick and choose when to draw a zline, I can see others going the opposite way especially on the run up.

This is why I can't hold onto trades like you do, I'm trading from zline to zline on the daily chart as a way to get direction and this works well but I would like to have more confidence in holding instead of getting in and out.

Could you look at my lines (these are in addition to yours which I would have drawn exactly the same) and let me know why you missed these. Looks like raw noticed them too.

Did you not draw them because no green lines failed?

Thanks.
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dojirock
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Postby dojirock » Tue Oct 22, 2013 6:49 pm

yep, I will give it another shot. I draw my lines only on color changes for a given time frame. Notice how all my green lines are only drawn on green/red candle color changes. This signifies momentum start. The next green line above that is only drawn when there is a red/green candle color change, signifying momentum end. After a burst of momentum comes the consolidation zone. Then the pattern repeats. It takes momentum to move price. It also takes a counter momentum to break the previous momentum direction. Thus when I get red momentum lines heading towards the previous green momentum lines I must have a close beyond the point of origin of the green momentum line.
Between two green lines is the zline long zone. Between two red lines is a zline short zone

I see your lines. I understand your lines being drawn from a wick thru what you see as momentum. What most dont understand is that low or high of the wick where you draw your line is a colorchange on a lower time frame which in turn is the origin of the momenutm start and stop.
My lines are drawn on the current time frame..... if I dropped to a lower time frame and drew them...then when back to the higher time frame they would be in the exact same spot you have drawn them.

doji

Dan wrote:Doji, I never understood how or why you pick and choose when to draw a zline, I can see others going the opposite way especially on the run up.

This is why I can't hold onto trades like you do, I'm trading from zline to zline on the daily chart as a way to get direction and this works well but I would like to have more confidence in holding instead of getting in and out.

Could you look at my lines (these are in addition to yours which I would have drawn exactly the same) and let me know why you missed these. Looks like raw noticed them too.

Did you not draw them because no green lines failed?

Thanks.
"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 » Tue Oct 22, 2013 7:44 pm

You are good at explaining things and thanks to you I have been drawing my lines properly since page 130 something on this thread. I know how to draw them and I understand how they work but your new zlines are drawn differently, take for example the big green momo and price returns to 50%, you draw a line, why? the red didn't overtake that green candle? and still not clear why you didn't draw them when red overtakes green a few times on the bullish run...

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Postby dojirock » Wed Oct 23, 2013 4:30 am

Here is a live trade I took as an example. Close as I can get to live anyway.

I put the notes right on the trading chart.
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usdjpym5.png
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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 Oct 23, 2013 8:57 am

Thanks for going to all that trouble, makes perfect sense, have to remember to think of zlines as areas/zones not just a line.

This is a perfect example of over analysing and going backwards because of it. Flashbacks of TRO's rat trading rules and even him saying never trade against the hourly candle, took me forever to understand, so many ways to interpret it but it is what it is.

I owe you a beer or two, with all that money you are making you should have a holiday with your family in Australia..

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Postby newscalper » Wed Oct 23, 2013 2:14 pm

edited: superfluous post

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Postby dojirock » Wed Oct 23, 2013 4:35 pm

another setup on u/j. Late on the entry though, but should be ok.
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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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