A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Thu Feb 20, 2014 8:48 am

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Postby newscalper » Thu Feb 20, 2014 10:36 am

MightyOne wrote:There is no resistance until price closes lower than something.

I would avoid drawing lines altogether and simply ask your inner child what it sees.

Get a pint of liquor and keep sipping until it all makes sense; that is how I learned ;)

That could be a single red bar after a perceived high. It closed lower than the high. And I'm sure we're all beyond taking 1 bar reversals?

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Postby newscalper » Thu Feb 20, 2014 10:41 am

I've been going over some of ES Pips old posts in the lukz thread and it looks to me like he uses whichever line is crossed first.

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Postby newscalper » Thu Feb 20, 2014 11:03 am

Hmmm
:idea:

Have I just seen something or have I put 2 and 2 together yet again and come up with 5??

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I've just tried this??

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Postby newscalper » Thu Feb 20, 2014 1:35 pm

Hell I don't know if that's right but 20 pips up atm.

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Postby newscalper » Thu Feb 20, 2014 2:45 pm

Out for 20 pips, could have had more but had to go out so moved stop Doji style.

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Postby newscalper » Thu Feb 20, 2014 3:22 pm

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MightyOne
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Postby MightyOne » Thu Feb 20, 2014 6:01 pm

newscalper wrote:
MightyOne wrote:There is no resistance until price closes lower than something.

I would avoid drawing lines altogether and simply ask your inner child what it sees.

Get a pint of liquor and keep sipping until it all makes sense; that is how I learned ;)

That could be a single red bar after a perceived high. It closed lower than the high. And I'm sure we're all beyond taking 1 bar reversals?


If we are beyond taking one bar reversals then we are beyond taking all reversals.

You knit rules into a comfort blanket, but this same blanket obstructs your view. If you burn your blanket, if you wrap yourself in discomfort, then you will see deeply and your internal understanding will grow.

For the purpose of space/stacking this is how you are to trade:

-Your 'position' is a stop loss order on a larger chart, there is no way around this!
-When you 'add' you are trailing your stop along the chart as price is moving in your favor.
-When you 'add' you are cutting your risk box and increasing your reward multiples.
-If you ignore the above universal laws of making money then you error greatly.
-Your entries literally do not matter if you have good position; if price is not moving towards your stop then it is moving away from your stop, that is all she wrote.
-Acceptable risk levels & large profit targets determine where you should enter.
-Timing is the '10% skill' part of trading.

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Postby dojirock » Thu Feb 20, 2014 7:41 pm

An ah=ha moment?

nice.... dont lose the focus..
try to expain what your doing....
write it down....

once you find a way to SEE it....Dont change a thing.
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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newscalper
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Postby newscalper » Thu Feb 20, 2014 8:18 pm

dojirock wrote:An ah=ha moment?

nice.... dont lose the focus..
try to expain what your doing....
write it down....

once you find a way to SEE it....Dont change a thing.


I don't know what I see Doji, I thought I saw today but the last two H4 bars have yet again proven me wrong

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