A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Tue Nov 05, 2013 7:16 pm

arkan1976 wrote:Hi MO, thanks . that's totally new to me, I will study it and see if I get. Thanks again.
-----

Hi Raw, sorry, I had not understood before.
The green line indicator is the fibtool modified.
that's an idea that mightyone invented and successfully used to manage the money you use in a trade.is a way of injecting the benefits and crop losses.
I advise you to read this :
http://kreslik.com/forums/viewtopic.php ... sc&start=0


The main RETS are 0.3334, 0.5000, & 0.6667 or + HALF, DOUBLE, TRIPLE.

I realized that I would never increase my size by just a quarter nor would I ever be below max size by the time I got to charts large enough where I could quintuple so I removed those fibo.

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MightyOne
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Postby MightyOne » Tue Nov 05, 2013 7:54 pm

Jalarupa wrote:
MightyOne wrote:Another example of an imperfect triangle:

Image


Do you mean, imperfect as in the triangles are difficult to draw in real time?

Because that's what I am seeing... unless you initially drew the top red line off the double hook BO's and then moved it down...

The angles seem very large, it's that cause for imperfection?

Thanks for the visuals


A perfect triangle has channels that are full of price actions where as an imperfect triangle is mostly empty.

If you have the first hook and the second hook is more of a breakout...and if price returns to the general area of where the second hook should be (close in proximity to the first) then you can detect a triangle.

Not to get mystical, but I am looking at the "spirit" of the pattern & not so much the lines themselves.

I trade price action with horizontal lines but I try to understand price action with diagonal lines & fractal triangular patterns.

It is not as hard as it looks, learn the basic methods of spotting them and then learn to feel price action; not with your eyes, but with your heart.

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Postby newscalper » Thu Nov 07, 2013 1:00 pm

Image

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Postby roctao » Thu Nov 07, 2013 1:11 pm

Don't feel too bad news, Draghi surprised most of the trading community this morning.....

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dojirock
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Postby dojirock » Thu Nov 07, 2013 4:36 pm

Well I wont add salt to injury.... I suffer from a different kind a pain.

Went short at 133.45 on E/J last night. Started falling asleep at my desk after putting in a 8 hr day and 6 hrs on a transmission rebuild.
When I awoke, I placed a take profit at 133.15, thinking..ok...30 pips profit...nice...went to bed....

THIS MORNING.... saw what happened...and could only dream of what I would have done with that money had I stayed up and traded all night... lol

but did get 30 pips....

always more trades.....
"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 » Thu Nov 07, 2013 4:44 pm

ditto on E/U

:oops:
"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!"

arkan1976
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Postby arkan1976 » Thu Nov 07, 2013 8:56 pm

Hello Doji, please, according to your way of drawing the boxes, would correct this trend change?
I would be drawing correctly?

Image

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dojirock
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Postby dojirock » Thu Nov 07, 2013 10:47 pm

Arkan,

your spot on with your analysis, then combine with one other time frame to get confluence. Start to look for things that have already happened that have told you the same thing.

Just using the 5 min, as direction & bias would be for scalping. Add a time frame to scalp and swing trade.

Nice work
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"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!"

arkan1976
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Postby arkan1976 » Thu Nov 07, 2013 11:48 pm

thank you very much Doji,
In eurjpy ...

I´m practice.
Image

EDit : -12 ...

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MightyOne
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Postby MightyOne » Fri Nov 08, 2013 5:34 am

newscalper wrote:Image


There is nothing that you could have done, but that probably doesn't make you feel better.

My advise is to leave the EURO alone and trade every other pair.

Personally I like AUD/XXX right now.

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