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 5:37 pm

raw wrote:News,

Lets clear this up. I'm not looking at bias or macD. I'm simply looking for what happens as price hits my lines.

It can only do two things, go up with momentum, or down with momentum.

The black rectangles (in the previous chart) are sup and dem, support/res, whatever you wanna call it. I find them simply by looking at momo and the candle previous to it.

Im only in the trade for 10pips at a time. That's all i'm looking for. If price happens to continue in the direction of my first trade, I stack as price crosses with momentum.

Doji said, you need a reason to trade in the opposite direction. That reason is momo in the opposite direction. If you don't see momo in the opposite direction, keep stacking.

This chart below is all the lines Im looking at. I don't draw em anymore. I just look for momo and the candle beside it. The only time I reverse is if I get a momo reversal.

Fair dinkum, you're not trading like Doji does then

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: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 5:46 pm

What im saying is if you use the RB's only then use the RB's from the swings to show the higher time frames. I always trade with two time frames analysis.
What do you like to use as a bias. Let me know and I will show you how I would trade it out. It can be about anything, BB , macd, ma, stochs. Once you find a way to accuratly see a bias you will start to notice many other things. Right now your hit and miss which adds to your confusion.
"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: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 5:53 pm

Nice chart raw, you see it that way, thats all that matters... I have tried to explain this way in the past but seems to be so discretionary for each trader. The lines you drew, nice....and when you draw them and then switch time frames, traders may be surprised what they see? They just need to "see" in there way that is logical to them like we have found for ourselves.

and of course, Mo comes to mind again.....Keep it simple...

doji

raw wrote:News,

Lets clear this up. I'm not looking at bias or macD. I'm simply looking for what happens as price hits my lines.

It can only do two things, go up with momentum, or down with momentum.

The black rectangles (in the previous chart) are sup and dem, support/res, whatever you wanna call it. I find them simply by looking at momo and the candle previous to it.

Im only in the trade for 10pips at a time. That's all i'm looking for. If price happens to continue in the direction of my first trade, I stack as price crosses with momentum.

Doji said, you need a reason to trade in the opposite direction. That reason is momo in the opposite direction. If you don't see momo in the opposite direction, keep stacking.

This chart below is all the lines Im looking at. I don't draw em anymore. I just look for momo and the candle beside it. The only time I reverse is if I get a momo reversal.
"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: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 5:56 pm

ok i get that. There can be 2-3 5 min cycles in that pullback on the hourly or 4 hour range...thus I feel the SL is too small and to much to risk to trade like that.

newscalper wrote:
dojirock wrote: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

I think you're mis-understanding me. I'm not saying I'm trading the H1 and H4. What I'm saying is that if there's a big red box there and price pulls back into it, if I WAS trading that tf I should be short. Therefore if price is in that area and I'm trading the M5 I shold be short also and I@m basing my trde entries and decisions on the M5 rbs, looking for an up rb to break down and then retrace just the same, if the H1 is going to hold, which should have more weight, then the M5 will hold also unless the trend is at an end, which, whenever I trade, it invariably is.
"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: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Wed Oct 30, 2013 6:05 pm

hmmm...news must have been released....
Attachments
gbpusdm5news.png
gbpusdm5news.png (62.34 KiB) Viewed 201 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!"

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

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 6:06 pm

Well took the short but was a few minutes early. Got stopped out on the spike up on the news Nice trade all those that took it and have pips. Me another loser lol.

Re what indy I like to use for a bias - none, don't like em, don't trust 'em. Only thing I've been looking at is rbs on higher tfs - you did call the indy BIAS zones?

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 6:10 pm

dojirock wrote:What im saying is if you use the RB's only then use the RB's from the swings to show the higher time frames. I always trade with two time frames analysis.
What do you like to use as a bias. Let me know and I will show you how I would trade it out. It can be about anything, BB , macd, ma, stochs. Once you find a way to accuratly see a bias you will start to notice many other things. Right now your hit and miss which adds to your confusion.


I've been puzzling this all day and i feel like such a n00b/... too lazy to go back and read... but...

RB = Range Break >> Right?

:oops:
"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>>

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 6:11 pm

I just made 28 pips on 3 quick scalps. HAHAHA....

The first was the blue candle closing above my line, I bought, The second candle red, closed below my line i sold, and it tanked. Now this last one price still closed below my line, I sell.

It's just a line.


Just refer to the lines on my previous chart. LOL...

I'm done for the day.
Attachments
gbpusdm5a.png
gbpusdm5a.png (34.18 KiB) Viewed 267 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 6:14 pm

I just made 28 pips on 3 quick scalps. HAHAHA....

The first was the blue candle closing above my line, I bought, The second candle red, closed below my line i sold, and it tanked. Now this last one price still closed below my line, I sell, let it ride a bit.

It's just a line.


Just refer to the lines on my previous chart. LOL...
Attachments
gbpusdm5a.png
gbpusdm5a.png (34.18 KiB) Viewed 265 times

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Wed Oct 30, 2013 6:16 pm

Jal

Doji calls it a "rock box" ie RB

Essentially it is momo framed by two dragon lines - one dragon line frames the bottom - the other frames the top - this seperates the momo group of candles

interesting concept that I had failed to notice until doji mentioned it last week
Last edited by Captain Pugwash on Wed Oct 30, 2013 6:24 pm, edited 3 times in total.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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


Return to “beginners forum”