A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Fri Dec 13, 2013 4:22 pm

Jalarupa wrote:
newscalper wrote:
Jalarupa wrote:
="newscalper"]Image

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Yeah I know I was short and long dollar at the same time


I've been watching this arbitrage for a while... You definitely had the right idea but sad to say you are about a week late to the party...

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Are you talking about correlation or arbing? I wasn't talking about arbing - I just mentioned that yes I did realise I was long and short dollar at the same time - same as trading the cross.
I've a few indies for correlation tried using them a LOOONG time ago as an entry tool. Even at the 5 minute level they're not much help because at the time you should be entering guess what?


You were engaged in an arbitrage play by trading long/short Dollar - and I was showing you that it did work very well a few weeks ago... When the Pound was rising and the Yen was falling in tandem...

Technically if you had entered into that trade say 3 weeks ago and held it until now you would be very well hedged as the two pairs started to decouple from one another this week...

In terms of correlation I am busy working on teaching myself to eyeball price action on three pairs while looking to place complimentary trades on two of them as I have noticed that in cross currency pairs three interrelated names will generally move 2 up 1 down or the other way around... The key for me is to try and identify which two are are leading price action forward and place complimentary trades on them... A great example of this was seen this morning in Cable and Yen Crosses

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Weakness in Cable dragging GBPJPY lower and USDJPY Higher

Then Cable stalls at demand and USDJPY drags GBPJPY even lower...


Exactly, so as I said it was exactly the same as trading the cross of the two GBP/JPY. The rest of it - way over my head atm :)

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newscalper
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Postby newscalper » Mon Dec 16, 2013 2:50 pm

Trying something out - went in too early on first attempt and got knocked out. Long again
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roctao
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Postby roctao » Mon Dec 16, 2013 4:06 pm

hey scalper, just a heads up. Bernanke is speaking in three hours and then fomc notes 5 hours later so the dollar might go crazy for a bit. Make sure to be prepared.

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newscalper
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Postby newscalper » Mon Dec 16, 2013 4:27 pm

roctao wrote:hey scalper, just a heads up. Bernanke is speaking in three hours and then fomc notes 5 hours later so the dollar might go crazy for a bit. Make sure to be prepared.

Cheers - yeah I know. If this 15 minute bar goes over the line I'm out for a loss again anyway.
If you never trade when there's news you'd never trade.


Edit. Closed out. Loss
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dojirock
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Postby dojirock » Tue Dec 17, 2013 8:52 pm

Start the week with usd/jpy
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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 » Wed Dec 18, 2013 12:16 pm

Hello all, i´m back from hollidays.
I´m trying to make a swing´s trades.
anyone know if there is an indicator to shows how long it takes to close the custom candle ?
Thanks.

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dojirock
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Postby dojirock » Wed Dec 18, 2013 5:58 pm

Glad our back Arkan,

so your moving up to 40 min swing trades.
Im guessing your looking for a 40 min CC timer then?

Current u/j
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usdjpym5.png
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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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dojirock
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Postby dojirock » Wed Dec 18, 2013 6:01 pm

Check these out I have been working on my 30 60 min trades which are really long term for me. :D
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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!"

arkan1976
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Postby arkan1976 » Wed Dec 18, 2013 6:45 pm

dojirock wrote:Check these out I have been working on my 30 60 min trades which are really long term for me. :D


wooooow incredible!

arkan1976
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Postby arkan1976 » Wed Dec 18, 2013 6:54 pm

dojirock wrote:Glad our back Arkan,

so your moving up to 40 min swing trades.
Im guessing your looking for a 40 min CC timer then?

Current u/j


Yes Doji, I start with 40 min CC and if the price goes correctly , then go to H2 and H4.

Current trade usdjpy , waiting a setup for change to H2.

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