A fresh start! Doji's Trading Journal

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judokamak
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Postby judokamak » Wed Jan 08, 2014 1:36 pm

news spikes are a biach

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newscalper
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Postby newscalper » Wed Jan 08, 2014 1:55 pm

Yeah, puts me in the red, again, for the week. Done for the day. Fed up lol.

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bettlebox
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Postby bettlebox » Wed Jan 08, 2014 3:25 pm

News

This how i would marked up fibos just with 1hr in isolation.



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raw
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Postby raw » Wed Jan 08, 2014 3:56 pm

Just closed this one 17 pips on the 2.

Based on Bettle's previous charts - I think.

fibs h1 dem

m5 rat buys

correct? Although I'm still not sure how your enter your trades.

_____________________________________________________________

Looks like there's also a nice 123 hook that would have netted a few pips on a buy
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judokamak
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Postby judokamak » Wed Jan 08, 2014 4:03 pm

bettlebox, i see 2 BE on your chart.

Do you always use BE and if so, when do you set BE?

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newscalper
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Postby newscalper » Wed Jan 08, 2014 4:43 pm

bettlebox wrote:News

This how i would marked up fibos just with 1hr in isolation.





I don't get the consitency of logic on the last entry - if you wouldn't have gone long earlier on the basis of a 5 minute bar going below the fib why did you elect to go long on the final one which made pips? And the other one to the left on the 3 sema?

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bettlebox
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Postby bettlebox » Wed Jan 08, 2014 5:00 pm

To Raw:
i wait for 5min MoMo (not a rat trade there is difference) also know as engulfling pattern on individual candles. Look back a page or so to Dojirocks pictures on zlines, this shows what are momo .

to judo:
This is process i use , here is example with 7 pip s/l

i enter a trade

1)at this point there is nothing i can do either the market will take my stop loss or it will move me into profit.

2) price move to +8 im now at 1:1 (S/L = 7 plus my spread=1 total = 8). Move S.L to breakeven. (this is the thing if this trade is goodone price will rarely get back to breakeven point and just take off, and if does take you out breakeven it will produce another signal for you get back again, no big deal)

3) Next i sit back wait for price to reach 2:1 or takes my s/l @ breakeven.
At 2:1 I focused on reaching my primary target which is another zline.Also once at 2:1 stage onwards now if i see signs of weaknes within the market i can choose to take profits or lean on breakeven stoploss its up to you. If you got multiply lots in position you can cover the position.

This is basics how i manage a trade, i also play variations on this.it works. Why do i move my S/L because i want to be profitable im not interested in draining the banks :P.

BB
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raw
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Postby raw » Wed Jan 08, 2014 5:03 pm

If BB is using m15 fibs, the last entry would make sense.
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bettlebox
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Postby bettlebox » Wed Jan 08, 2014 5:30 pm

Dont know if these help way i see it





newscalper wrote:
bettlebox wrote:News

This how i would marked up fibos just with 1hr in isolation.





I don't get the consitency of logic on the last entry - if you wouldn't have gone long earlier on the basis of a 5 minute bar going below the fib why did you elect to go long on the final one which made pips? And the other one to the left on the 3 sema?
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

judokamak
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Postby judokamak » Wed Jan 08, 2014 6:20 pm

cool, thanks bettle

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