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

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.

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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1649
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 133
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 291 times
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!"

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1164
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 31
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
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>>

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 4:13 pm

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...

Raw - you saying you're trafing like Doji but those black zones are not rbs, and not drawn as Seiden draws them either - the green one at the top is but as to what you're using as a basis for the black ones? No idea, they just look like they're in the middle of the previous run down: 'empty space'. What am I looking at? Even if they were rbs, Doji isn't using them that far back afaik? I'm not knocking it, I just don't know what you're drawing?

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1649
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 133
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 4:16 pm

out +35
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!"

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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1649
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 133
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 4:24 pm

G/U example
Attachments
gbpusdm5.png
gbpusdm5.png (52.15 KiB) Viewed 277 times
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!"

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 4:27 pm

dojirock wrote: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?


OK, that's fair enough...BUT hehe the logic just isn't consistent is it? The charts you recently showed the setup with used H4, H1 and M5?

If I was looking at the H1 only and seeing the red rb I should be thinking short and only short. Yes?
So I'm looking to enter on a shoter tf. and all the entries failed

Magically for some reason the entries from the shorter TF saying 'go long and ignore the big red rb it's the last one in the trend that's going to fail) won out. Why on earth would I go long straight into that?

Look to the left I hear someone say, there's a supply level there.....yeah yeah yeah, here we go again

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1649
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 133
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 4:29 pm

This is a possibility....

A prediction, NO

Higher time frame analyis, NO

Just whats happening now or could happen....
If it turns out to look like this then I will short

Divergence, now
RB cross, not yet
MACD cross, not yet
lower hight lower low, not yet.

sitting on hands

doji
Attachments
gbpusdm52.png
gbpusdm52.png (56.48 KiB) Viewed 272 times
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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1649
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 133
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 4:34 pm

I dont trade the h1-h4.....to big of time frame and to big of SL area.
Check it later to see how those two time frames would have panned out, I think you will be surprised. Its to early to make that call using just those two time frames. I would have alot bigger sl on a 5 min to trade the 1h-4h...thats why I dont.... It does take Momentum, RB's the opposite direction to push into the previous....its a matter of it breaking... a 5min RB could be a wick in hind sight looking at that high of a time frame....
maybe try the 30 min as entry if your using the 1hr or 4hr...

newscalper wrote:
dojirock wrote: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?


OK, that's fair enough...BUT hehe the logic just isn't consistent is it? The charts you recently showed the setup with used H4, H1 and M5?

If I was looking at the H1 only and seeing the red rb I should be thinking short and only short. Yes?
So I'm looking to enter on a shoter tf. and all the entries failed

Magically for some reason the entries from the shorter TF saying 'go long and ignore the big red rb it's the last one in the trend that's going to fail) won out. Why on earth would I go long straight into that?

Look to the left I hear someone say, there's a supply level there.....yeah yeah yeah, here we go again
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!"

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 4:50 pm

Too many questions on one chart


Image

What I'm getting at is that my logic is based purely on the rbs and nothing else. You're using the macd also, and because that is saying long you're electing to ignore certain things based on that. The indi is overriding the logic of the boxes. It's not consistent.

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


Return to “beginners forum”