A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Tue Oct 29, 2013 4:19 pm

No idea what you're doing raw

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dojirock
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Postby dojirock » Tue Oct 29, 2013 4:25 pm

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.
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 dojirock » Tue Oct 29, 2013 4:26 pm

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.
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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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Postby dojirock » Tue Oct 29, 2013 4:31 pm

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.
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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dojirock
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Postby dojirock » Tue Oct 29, 2013 4:32 pm

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
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 newscalper » Tue Oct 29, 2013 4:41 pm

So by the look of that chart, waiting for an H1 zone to fail is too late - I waiting for that before considering long on M5 and took the retrace on that basis. Where to take profit, absolutely no idea, still in it :lol:

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Postby dojirock » Tue Oct 29, 2013 4:46 pm

A/J examples
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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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Postby Captain Pugwash » Tue Oct 29, 2013 4:49 pm

newscalper wrote:No idea what you're doing raw


not up to me to say how raw sees it but - for what its worth - on the EJ ..
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Postby raw » Tue Oct 29, 2013 5:10 pm

Ok.



I"m only looking for 2 pieces of data. Sup Dem area, and momo to come out or go though it.

Look at my last chart.

On the chart, price reached an area of sup. At this point, my 'bias' is to find momo to drop out of this zone. I get my momo, retrace back into zone, and I sell. (Simiplar to Doji's 12 ma, sell above, buy below)

Momo retrace is the dna of reversals, and continuations. Couple this with S and D and you almost can't lose.

That's it. No secret.

Today's been good to me. 30+% on the acct.

I'll be on later, I got 50+ journals to read by fri.

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Postby newscalper » Tue Oct 29, 2013 5:33 pm

OK fair enough, you're trading past supply ad demand levels at extremes. Afaik, Doji isn't doing that, rather he's following current PA and when a certain level 'fails' that implies new supply or demand has formed at an area and then follows price.

I've been bashed over the head SO many times trying to trade pure supdem it isn't funny.

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