A fresh start! Doji's Trading Journal

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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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eurusdm151107.png
eurusdm151107.png (45.57 KiB) Viewed 491 times
eurusdm51107.png
eurusdm51107.png (50.15 KiB) Viewed 491 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!"

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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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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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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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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

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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
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!"

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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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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...
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!"

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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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