A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Wed Jan 29, 2014 10:04 am

Not too sure about this see upper line but left momo is the largest
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Postby newscalper » Thu Jan 30, 2014 9:29 am

Shame I didn't take the short lol. I got out for b/e on it anyway. No other trades since. Been busy.

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Postby newscalper » Thu Jan 30, 2014 11:42 am

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Postby newscalper » Thu Jan 30, 2014 2:15 pm

Changed my template again - bright backgound doing my nut in. Note I am doing exactly the same thing as before. Took a hit trying to get in on 5 minute but then got in on this and still holding. As usual I don't know where to target.

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Postby newscalper » Thu Jan 30, 2014 2:27 pm

Took profit
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Waiting to reenter
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Postby newscalper » Thu Jan 30, 2014 3:04 pm

Rentered on live bar - not not an M15 bar breakout - went on on what I saw on M5 and sat through a down bar.
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Postby newscalper » Thu Jan 30, 2014 3:27 pm

Out for a few pips - It can't break the high

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Postby newscalper » Thu Jan 30, 2014 7:58 pm

A-ha. got it got it
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Postby newscalper » Fri Jan 31, 2014 7:59 am

OMG LOL.
Could it be that overnight my puny brain has fathomed
Position
Lotsize
Expansion

There's a diagram from MO from way back in the MBT Micro thread when he says it's how he traded for the first few years and confirms my thoughts and what TRO has always said re that there isn't a trend.

What MOs diagram does is basically define that it doesn't matter if you choose to go long or short, you just define where your position is from (say the high low lines I've marked in the charts above in orange and blue, not the entry lines) and then split the chart between the two lines and define when price is expensive enough to sell and cheap enough to buy.

Using that you CAN literally just use TROs 'Price hits a line' method to enter. I still feel you need a proper defined method for getting out of trades though but anything will do really, even a trailing line based on highs of time-x bars would suffice.

Let me find the diagram. It'll blow yer mind :lol:

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Postby newscalper » Fri Jan 31, 2014 8:18 am

Still holding my GU and EJ trades BTW :D

Right, this is MOs picture I think - what it says is, what I've been saying thinking for years :lol: and I see we're in agreement, and that is price is ALWAYS moving between two levels - here MO has defined it on the monthly chart but hey :lol:

When price is in the red or green areas it's OK to trade, OFF the far extremes. When it's in the grey areas it's OK but not so great.

When it's in the white area it's too expensive.
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Position, lotsize, yada yada :D
Last edited by newscalper on Fri Jan 31, 2014 10:30 am, edited 1 time in total.

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