A fresh start! Doji's Trading Journal

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Jalarupa
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Postby Jalarupa » Wed Dec 11, 2013 5:21 am

MightyOne wrote:I just look at the large chart for ideas then trust that I'll see something similar on the small charts...

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Wow I had that drawn in already...! :shock:
Still too many lines I know (I'm still training to see like this)

Yesterday
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Today
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MightyOne
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Postby MightyOne » Wed Dec 11, 2013 5:39 am

Just consider which of those lines would be most helpful in deciding what to do NOW and delete the others.

You can always draw more lines when price moves somewhere else ;)

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Postby newscalper » Wed Dec 11, 2013 8:46 am

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MightyOne
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Postby MightyOne » Wed Dec 11, 2013 9:09 am

Yes, you have the right idea news.

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Look for cones and then slice through it with a pennant for possible triggers.

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Postby newscalper » Wed Dec 11, 2013 2:05 pm

No idea about cones etc. What I was referring to was that a green RB overcame a red RB so why isn't that 'go long'. I did actually but managed to get out at b/e. Why are some RBs just ignored?

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Jalarupa
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Postby Jalarupa » Wed Dec 11, 2013 2:46 pm

newscalper wrote:No idea about cones etc.


So if you connect a swing high and swing low in a range of 15-25 degrees and move these angles around a bit, you can anticipate price action... and then as MO says... "Slice through it" with a pennant for your entries once price closes over a line or bounces off a line above in this case...

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Postby dojirock » Wed Dec 11, 2013 2:55 pm

trailed out at +59

news, you will see momentum to push into previous momentum at times
its a number game. Odds are highly in you favor so keep the losses small.
Another thing you can do is watch for more confluence.
Your g/u analysis is correct also, and that one pays off.
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
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Postby newscalper » Wed Dec 11, 2013 2:58 pm

Closed for naff all

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Jalarupa
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Postby Jalarupa » Wed Dec 11, 2013 3:07 pm

Trade taken today using Cones, Pennants and Horizontal Lines...

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"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 dojirock » Wed Dec 11, 2013 3:47 pm

So how many pips did you get news on that scalp.?
20-25 is great area to exit and you can always get back in if it looks like continuation after the pullback
"A small loss is just as satisfying as a large gain" -MO

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