A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

raw
rank: 50+ posts
rank: 50+ posts
Posts: 58
Joined: Thu Jun 20, 2013 2:54 pm
Reputation: 0
Gender: None specified

Postby raw » Wed Oct 30, 2013 6:51 am

News,

I am trading like Doji. At least I think I am, given that I'm modelling my trading by the method(s) outlined in his thread.


1. Look at the chart I posted. Look at the stack entries. I don't know what you mean by 'pure' price action, but that chart exhibits continuation trades. Continuation trades (stacking) only work, if the level fails.

I've marked up the S D zones/(line) in the black rectangles. As candles cross and close below these zones/lines, I continue to sell. A retrace wick is all I need to know that price will continue south.


2. The latest chart I'm posting exhibits the same concept. Price crosses and closes beyond a zline (zline was taken from previous dem level) Price retraces to that line, and I sell. I let this trade ride, cuz I had to hit the books this afternoon. Made around 15 pips.


Its 3am, gotta crash, hope this helps you...
Attachments
eurusdm15.png
eurusdm15.png (34.11 KiB) Viewed 589 times
raw1.png
raw1.png (37.88 KiB) Viewed 589 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Offek
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Sat Feb 23, 2013 9:53 am
Reputation: 0
Gender: None specified

Postby Offek » Wed Oct 30, 2013 11:21 am

Good morning all,

I do follow the thread for a while as the concept presented by Doji really suits my type of trading. But I have some problem with setting the tp.

Do you usually use any pre-defined area to set your TP or it should always be the bias change? Are you calculating a r:r before taking a trade? Thanks for advice, greatly appreciated! :)

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Oct 30, 2013 11:27 am

raw wrote:News,

I am trading like Doji. At least I think I am, given that I'm modelling my trading by the method(s) outlined in his thread.


1. Look at the chart I posted. Look at the stack entries. I don't know what you mean by 'pure' price action, but that chart exhibits continuation trades. Continuation trades (stacking) only work, if the level fails.

I've marked up the S D zones/(line) in the black rectangles. As candles cross and close below these zones/lines, I continue to sell. A retrace wick is all I need to know that price will continue south.


2. The latest chart I'm posting exhibits the same concept. Price crosses and closes beyond a zline (zline was taken from previous dem level) Price retraces to that line, and I sell. I let this trade ride, cuz I had to hit the books this afternoon. Made around 15 pips.


Its 3am, gotta crash, hope this helps you...


What I was saying was that you're looking for 'Seiden' style supdem areas and then trading from them. No problem with that ...but about 4 posts ago Doji spelled out what he's doing and there was no mention or visual of that. He's basically trend trading pullbacks after a bias change, bias change being failure of a rb. No mention of prior congestion/breakout areas to the left.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Oct 30, 2013 12:27 pm

Right the whole bias thing.
My bias here is short right. Why? Because there is an H1 down zone right there. Also on H4 there's one too.
But,
Image

Short trades failed. Then price goes up and through the zone, shift bias long. Right? Why MACD is long, M15 is long but is tht H1 box just being wicked to the upside, plus it's still within the H4 box??

Now price is above the H1 zone but still inside the H4 zone, MACD saying up, M15 saying up, M5 saying down. LOL. So bias up or down?

Who knows?

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1141
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Wed Oct 30, 2013 1:25 pm

Image

I traded this earlier, and it seems like a strategy very much suited to scalpers... (I know duh! right?) ;)

But definately nice to pick areas to add to longer term positions as well...

I also think a lot of your confusion news is also that of the markets...

let's not forget tonight its all Bernank's show...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

raw
rank: 50+ posts
rank: 50+ posts
Posts: 58
Joined: Thu Jun 20, 2013 2:54 pm
Reputation: 0
Gender: None specified

Postby raw » Wed Oct 30, 2013 3:05 pm

News,

Its the same thing.

What Doji refers to as htf Bias, SD levels confirm bias on a smaller tf. Drop or rally from a point already identifies some kind of momentum. (bias). In this light, it is all quite similar.


I don't look for bias, 50%, lis, fibs macD, because they all confuse me. I just draw a rectangle. The edges are zlines. That's it. Does it close over, or does it close under. My lines change constantly, as older sd areas are consumed, new ones are created.


I marked up Doji's chart. Hope it clears things a bit.
Attachments
audjpym15_488.png
audjpym15_488.png (18.89 KiB) Viewed 502 times
gbpusdm5.png
gbpusdm5.png (58 KiB) Viewed 502 times

raw
rank: 50+ posts
rank: 50+ posts
Posts: 58
Joined: Thu Jun 20, 2013 2:54 pm
Reputation: 0
Gender: None specified

Postby raw » Wed Oct 30, 2013 3:30 pm

Just closed.

Bias, or sd. I think its the same. Price dropped earlier today (bias). Price retraces 50% or previous broken dem new sup, then price drops with bias or because price hit sup. Same thing.
Attachments
audjpym15.png
audjpym15.png (32.2 KiB) Viewed 399 times

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Oct 30, 2013 3:46 pm

Jal - if you traded that long, then from a Doji rb pov you're ignoring the higher TF - it was straight up into a 'down' rb on h1? 'Go with H1 behind you', well H1 hasn't broken?

I've since gone long on the thing but from that pov it's early as the H1 rb hasn't broken with an rb to the upside, it's just giong sideways now.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 3:48 pm

Hi News,

Couple of points.

I have mentioned in the thread and Mo has somewhere a long time ago, use multiples of 4-5 at most. Using the 5 min as a entry chart then use a bias of 4-5 times that max if you want to keep your SL's tight.

Couple post back, bias, lower high, lower low for possible bias change

Using the 1-4 hr, your right it is bearish, but you trade larger SL's with those time frames.

Takes lots of practice to use the RB'S as a bias. Start with something easier. (MACD)

I liked Mo's comment a few post back about simplicity. To me bias is simple but explaining it, the challenge.

My advice is pick one way to determine bias and stick with it. I recommend the macd. We dont trade the crosses, we use it as a momentum bias direction and the RB's as the entry style on a lower time frame.

As you know I hate overlays... so I change the numbers of any indicator to reflect the higher time frames on my entry time based chart.

That being said, look at my macd, its reflecting about a 7-9 min time frame on a 5 min entry chart. Multiple of 4-5 would be a 25 min chart max for bias. I like short ones because I scalp.

I mark the RB's, ignoring most that dont follow the bias. For the next week I will only post this template so you can see the consistancy and simplicity.



newscalper wrote:Right the whole bias thing.
My bias here is short right. Why? Because there is an H1 down zone right there. Also on H4 there's one too.
But,
Image

Short trades failed. Then price goes up and through the zone, shift bias long. Right? Why MACD is long, M15 is long but is tht H1 box just being wicked to the upside, plus it's still within the H4 box??

Now price is above the H1 zone but still inside the H4 zone, MACD saying up, M15 saying up, M5 saying down. LOL. So bias up or down?

Who knows?
Attachments
ajtrade.png
ajtrade.png (239.28 KiB) Viewed 245 times
"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!"

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1141
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Wed Oct 30, 2013 4:08 pm

newscalper wrote:Jal - if you traded that long, then from a Doji rb pov you're ignoring the higher TF - it was straight up into a 'down' rb on h1? 'Go with H1 behind you', well H1 hasn't broken?

I've since gone long on the thing but from that pov it's early as the H1 rb hasn't broken with an rb to the upside, it's just giong sideways now.


Yeah hence I say its more for the scalpers... \

Not that I have a problem with scalping...

Also note the MA on the M15... I tell you, its some
Funky Vodoo going on...

Image
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”