A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Tue Oct 29, 2013 7:18 pm

I went so far down the rabbit hole that every trade was a scientific study.

Now I spend my days relearning simplicity:

Image


Anything that can be grasped by the simplest of minds, in ten seconds, is what you should use to make money.

Harder things are confirmations more than they are reasons to take action.

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Postby PebbleTrader » Wed Oct 30, 2013 12:00 am

As for the question on semafors...

The "1", "2", "3", is not telling you anything of value and it's nothing more than a zigzag applied 3 times...

If you are going to use it, replace those numbers with an actual number value so you can see the swing values...
Life is just a journey

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Postby PebbleTrader » Wed Oct 30, 2013 12:09 am

There is nothing magical about it, it's only purpose is to easily show the swing values so that you don't have to manually measure them.
Life is just a journey

raw
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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...
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Offek
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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! :)

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newscalper
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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.

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newscalper
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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?

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Jalarupa
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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...
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

raw
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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.
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raw
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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.
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