A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Mon Aug 04, 2014 6:48 pm

5min view of gbp/usd
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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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raw
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Postby raw » Mon Aug 04, 2014 10:32 pm

Hey Doji,

I don't know why you decided to go long where you did.

No h1 confirmation, h1 not formed yet. h1 previous still down.

Price has hit d1 zline.

The only thing I can think of is maybe RB trade, but there were plenty of opportunities to RB trade long out of the zone within the last 24 hours. Why did you choose to trade it just before price popped?

Thanks for the charts.
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dojirock
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Postby dojirock » Tue Aug 05, 2014 2:01 am

It was a trade based on the 15 min chart. Price closed above the previous hourly momentum. entry was at close of candle.
We had 1hr momentum about 9 hours ago from entry.

doji
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!"

dchappy
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Postby dchappy » Tue Aug 05, 2014 4:02 pm

Hi Guys , Hope you are all having a great summer .

The weather was nasty yesterday so I took a few trades ,

happened to catch the same trade with Doji .

This is how I saw it ....still holding ..

Keep Charging ............ :smt023
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raw
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Postby raw » Tue Aug 05, 2014 4:11 pm

I don't understand the significance of breaching the candle 9 hours ago/

Regardless. I've been trading like this for months. h1 zline, rat m15. Its the only way I understand price action.

I find that I'm late into the trade if I wait for 'my understanding of the rb'. I might be missing something here.

RB holding currently as price is hitting 50% of h1 momo. Watching for m15 fails.

Anyways, thanks for the updates.

Stacking helps increase the acct :)
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Postby Captain Pugwash » Tue Aug 05, 2014 4:56 pm

raw wrote:Hey Doji,

I don't know why you decided to go long where you did.



Could This help
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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dojirock
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Postby dojirock » Tue Aug 05, 2014 5:07 pm

Great to see ya from time to time DC! Nice pic....so easy.
I have had a couple great trades on @NQ I will post screen shots later.

doji

dchappy wrote:Hi Guys , Hope you are all having a great summer .

The weather was nasty yesterday so I took a few trades ,

happened to catch the same trade with Doji .

This is how I saw it ....still holding ..

Keep Charging ............ :smt023
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 » Tue Aug 05, 2014 5:13 pm

I trade what I see, not what I think, if I start thinking then I wont be long till im overthinking. I have sat staring at the screen many hours between Asian and London sessions to watch garbage. No volitility. The hourly momentum holds true in my mind as long as the colorchange doesnt break. Trading Rb's one way will get you in late. Trading them another will get you awesome entries. Its a matter of trading what you see. Many examples of different ways to trade the RB's. Momentum was behind me, my RB broke, went long, thats it.


doji

raw wrote:I don't understand the significance of breaching the candle 9 hours ago/

Regardless. I've been trading like this for months. h1 zline, rat m15. Its the only way I understand price action.

I find that I'm late into the trade if I wait for 'my understanding of the rb'. I might be missing something here.

RB holding currently as price is hitting 50% of h1 momo. Watching for m15 fails.

Anyways, thanks for the updates.

Stacking helps increase the acct :)
:D
Attachments
gbpusdm15_214.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!"

raw
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Postby raw » Wed Aug 06, 2014 2:15 pm

Thanks for the insights.

GU Trade.

h4 zline. no h1 confirmation. Just price closing over the green RB.

TP at zline above, as I fully expected for price to retrace from there.

Questions:

Doji, would you have made this trade? Buying into an H1 down momo.

My prediction were correct. Price has now retraced back down from my tp price.

Next chart...
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raw
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Postby raw » Wed Aug 06, 2014 2:40 pm

2 rb's.

Price reacts at 50% momo, straight thru the lower rb.

I now expect price to at some point, tank.

Am I right? Do we still have a downward bias, bc of the huge momo 6hrs back? Or can we expect price to consume the momo and tp at the top of the fib?

I'm a scalper, and I'm only trading to be assured of making some pips, not the entire run.

The only way I can seem to understand this rb method is to break the chart into zline segments. What happens at these zlines will determine whether to tp, or stack. Which brings us back to just using zlines. tf, I'm not using these rb effectively to achieve taking the run.
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