A fresh start! Doji's Trading Journal

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arkan1976
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Postby arkan1976 » Fri Nov 08, 2013 12:24 pm

short eurusd , I think I have precipitated the square sideways should be under the green ...

Image

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newscalper
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Postby newscalper » Fri Nov 08, 2013 1:19 pm

MightyOne wrote:
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.


thx

arkan1976
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Postby arkan1976 » Fri Nov 08, 2013 4:25 pm

Image

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dojirock
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Postby dojirock » Fri Nov 08, 2013 6:35 pm

Good correct charts arkan....

doji
"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 » Fri Nov 08, 2013 8:43 pm

Thanks Doji,
wanted to show a trade that went wrong before and it was because I did not keep the rules, is correct Doji?

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dojirock
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Postby dojirock » Sat Nov 09, 2013 6:26 am

Kind of Arkan.
If your looking for a set of defined rules then yes, your 100 percent right.
The market cant be mastered that way though. I use it as a strong indication of how I see the market and it tells me a direction to trade in. BUT I do still look at momentum, break of momentum ect. For example in the above picture, by the definable rules, yes the "should have entered here" is spot on. I would also go short at the top line of your red RB also due to the fact we had a bullish RB that failed to break with the next red RB, price starts to shoot away long but then look what happens? we get a close below the bullish RB twice and the candle at top before that close was a bearish momentum candle... I guess my point is, with everything I have learned, I have never traded just by the definable rules of RB alone but I can tell you and you will see for yourself, a very high percentage of turns in the market, the RB's are spot on when used correctly. Over time I have learned to enter at closes of a failed RB and add to my position as stacks when the RB's give me confluence.

Hope this makes sense...
"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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Postby joksa44 » Sat Nov 09, 2013 11:39 am

if anyone could write the rules for drawing rectangles RB, thanks

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newscalper
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Postby newscalper » Sat Nov 09, 2013 12:12 pm

It's been written about, oooh, 10 gazillion times in the last 3 pages :) Step by step

You've got the whole thread to read
Failing that page 293

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Jalarupa
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Postby Jalarupa » Sun Nov 10, 2013 3:49 pm

joksa44 wrote:if anyone could write the rules for drawing rectangles RB, thanks


Hey Joksa,

You've been around long enough to know what a Zero Line is...

Well these boxes just connect the zero lines of pivot high and low candle opens and closes, which in turn create a high low Line in the sand scenario... whereby price may cross but not close beyond in order to confirm a bias... (which is set via Momentum Body in Dir Profit Wick Doll)

https://www.tradingview.com/x/3IH6wDIF/

and now without boxes just lines...

https://www.tradingview.com/x/fv0lqhpt/

Basically the method looks to trade the hook that comes back into the initial momentum blast or breakout (zeroline) in the direction of profit...

If you want an indicator that draws these lines for you there is one on Insanity Industries called Dragon Lines OC or something to that effect...

Cheers
"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>>

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Postby bettlebox » Mon Nov 11, 2013 2:25 pm

Trade today on EU Price was clearly moving up with lots room above. The setup was on 15min and entry was on 5min for the best price.All im doing is follow the lower time frame price waves in direction of higher time frame direction. Using 4hr and 1hr Zlines as turn points and targets.

NB: Its taken me along time to realise that what TRO has been saying since day one about entries. Waiting until you see something visual to confirm your entry will just increase your stop/loss size and lower your chance at making a profit on a trade, not good. Like TRO say over and over , just enter at "a line" with no visual confirmation and have a very simple set of rules to exit(if trades coming against you) this will get you the best price you want at very small risk.Example My risk on this trade was 4 pips(including the spread).
Attachments
eurusdm5td.png
Today EurUsd 5min
eurusdm5td.png (45.45 KiB) Viewed 379 times
eurusdm15td.png
Today EurUsd 15min
eurusdm15td.png (44.09 KiB) Viewed 379 times
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