insane rally.
Waited for this one. Momo down out of supply, retrace sell. That's it.
A fresh start! Doji's Trading Journal
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- newscalper
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- dojirock
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Raw, feel free to draw out how your reading the charts. Its different from what I do. It could help the others.
I took +20 on my boring short on e/j last night.
I hope some of you caught this long trade today, it was a beauty. I missed it cause i stayed up to late last night but I drew it up so you could see.
I took +20 on my boring short on e/j last night.
I hope some of you caught this long trade today, it was a beauty. I missed it cause i stayed up to late last night but I drew it up so you could see.
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!"
"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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E/J Long trade this morning I missed.
I would have stacked the crap out of that one!
I do have to agree with raw, I still love the 5 min to 8 min charts.
I would have stacked the crap out of that one!
I do have to agree with raw, I still love the 5 min to 8 min charts.
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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!"
"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!"
- dojirock
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To answer a couple questions from earlier.
News, yes by using a closed candle a higher time frame up is a way also determine the directon has changed. Most of the time when its a retrace on the entry time frame it will close over and look like a fake but by using the next time frame up, it shows up as a wick. thats the logic behind that.
Dan, Sema's, becareful. I had to remove them for a long time because they automatically got me thinking reversal and I found I ignored what the RB's were telling me and price action. Now I use them more as a way to note higher highs and lower lows. If I use them on my entry time frame I love to enter when I get lower sema's when trading longs as a way to wait for better prices. Same logic for waiting till price is below the ema.
News, yes by using a closed candle a higher time frame up is a way also determine the directon has changed. Most of the time when its a retrace on the entry time frame it will close over and look like a fake but by using the next time frame up, it shows up as a wick. thats the logic behind that.
Dan, Sema's, becareful. I had to remove them for a long time because they automatically got me thinking reversal and I found I ignored what the RB's were telling me and price action. Now I use them more as a way to note higher highs and lower lows. If I use them on my entry time frame I love to enter when I get lower sema's when trading longs as a way to wait for better prices. Same logic for waiting till price is below the ema.
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!"
"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!"
- dojirock
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Those strugglling with a bias, try this...a lower high and lower low then assume the bias has changed. Then look for broken RB's
just another idea to help see if your still struggling
just another idea to help see if your still struggling
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!"
"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!"
- newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
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