A fresh start! Doji's Trading Journal

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dojirock
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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Sun Jul 12, 2015 4:04 am

Captian,

Great observation.

This is what it comes down to for me. As Tro has always stated that price is the same on any time frame. Knowing this and that price action moves the same way on any instrument is the biggest key to trading any index.
Charts change and manipulate how price is viewed due to it being chained to time constraints of the viewed chart.
Renko and Range bar charts, do they not manipulate price also based on point size restrictions to paint there picture? This is the artistry of chaos and confusion.
Knowing that price always moves in the "abcd" pattern is huge. I have learned to view price in each direction. You will have this pattern in both directions on any depiction of price movement. They even counter each other. BUT, only one direction can win out. Price can only go up or down, not both directions at the same time. Think of it as this , can you walk forward and backwards at he same time? Everyone of my trades is now drawn as a pattern up (bullish) and a pattern down(bearish) then i "see" who wins out. Learn to read price on any instrument laid in front of you and fear vanishes. We all know what a force fear plays in our ability to trade. Basic rules have come down to this for me.
a) Assume green candles form the lows 1st followed by the highs.
b) Assume red candles form the highs 1st followed by the lows.
Do they really? I assume percentage wise "yes" due to it works with a very high success rate.
c) Every trade I take has a pattern up and a pattern down and they can overlap but only one will win out.
d)ONLY 'cd' legs can become 'ab' legs. Many traders dont use fibs correctly.
e) Price retraces to 23.6 to 50 percent of the 'cd' leg for entries.
f) Read price, dont be bound by the charts perception of price based on anything besides price (no time, no point moves)
g) I look at 'b's' as zlines and 'a,s' as my something line.
h) Use the same pattern to define your Money Management and its nearly impossible to lose.
I dont mean I dont have losing trades! Im talking about the basket of trades for that cycle.
My goal is 20 pips a day. ITS ALL ONE NEEDS.

The above works with any indicator, psych line, trendline, ect. Why? Because your reading price as the primary decision, based on a reference point of the other three. They are just reference points on a chart just as the time and point based illusions are.
Trading is simple. I used to hate when Tro would say this. I once was a disbeliever. I can care less if I lose a trade. I know I can cover it in the same basket.

attached is another example from last week.
Hope this helps.

Doji
2015-07-08_1358.png
2015-07-08_1358.png (42.01 KiB) Viewed 801 times
"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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Re: A fresh start! Doji's Trading Journal

Postby Captain Pugwash » Sun Jul 12, 2015 5:50 am

HEY thanks Doji

I better put that chart back since you were kind enough to answer.

I decided not to bug you with my ramblings, especially after thinking about what MO wrote - so I pulled the post - but since you did........

I will edit this text after waking up properly and rebuilding the text as best as I remember



OK, as I must be the slowest here - I shall ask

thanks for posting that chart Doji

The Chart grabbed my attention somehow and I kept both thinking and coming back to it.

Can you tell me if there is any truth to this markup?

It is marked up using two TF's the m30 and m5

I also referenced this link to theFour Stages of Competence Which goes some way to understanding why MO posts his stuff and remains a master at trading and other great traders struggle if they try to help - Then I go and ask stupid questions - even tho i know this! :shock: :oops:

Ignore the bit on the chart that says "or 'b' here" plainly,price had not printed the m30 yet


2015-07-11_1326.png
2015-07-11_1326.png (187.81 KiB) Viewed 791 times


Thanks so much for your answer mate - Its so much appreciated - and its going into areas I had not thought of - so I will have to think about it when I wake up properly :)
Last edited by Captain Pugwash on Sun Jul 12, 2015 9:26 am, edited 2 times in total.
"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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Sun Jul 12, 2015 7:05 am

No worries,

I still check in on weekends.

doji
"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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Re: A fresh start! Doji's Trading Journal

Postby Captain Pugwash » Sun Jul 12, 2015 9:33 am

Thanks Doji - It must have been a blow to write that brilliant reply, only to see the question evaporate! :oops:

I think I rebuilt the essential text - the question was really the markup anyway

sh*t now I have a couple of unforeseen questions - I am going to think long and hard before I ask tho :D

I certainly can see the failed "A" - nice and subtle. And a lovely trade it was old chap.
"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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Re: A fresh start! Doji's Trading Journal

Postby Captain Pugwash » Sun Jul 12, 2015 12:02 pm

ok - 'cause of the nature of the statement I have to ask at least this :)

On point d)

"d)ONLY 'cd' legs can become 'ab' legs. Many traders don't use fibs correctly."

If you can find time, would you mind expanding on what you mean by the red text.

Thanks for your time Doji.

On these two charts - and if memory serves, on other charts you posted - you seem to naturally home in on the indecision rangy area of price before a move - the bit before a decision is made- would this be correct? both these trades were in the Asian range - that may be just because of where your timezone is
"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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Fri Jul 17, 2015 1:27 am

Here captain,

A couple more charts... to observe.

8)
2015-07-16_2032.png
2015-07-16_2032.png (81.41 KiB) Viewed 603 times
2015-07-16_2039.png
2015-07-16_2039.png (38.71 KiB) Viewed 603 times
"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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Fri Jul 17, 2015 1:35 am

What the heck!

Posting a buyzone trade.
2015-07-16_2134.png
2015-07-16_2134.png (32.54 KiB) Viewed 603 times
"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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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Mon Jul 20, 2015 4:03 pm

What's with the DF and Sema's?
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Mon Jul 20, 2015 4:11 pm

Thought you went for 20 pips a day?
Do you not plan on "working" for 25 days after this trade?

20PipsADay.png
20PipsADay.png (114.12 KiB) Viewed 481 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Jul 20, 2015 4:52 pm

prochargedmopar wrote:Thought you went for 20 pips a day?
Do you not plan on "working" for 25 days after this trade?

20PipsADay.png


Hey Pro,

Great to hear from you. The sema and DF is there for reference and extreme visuality ( is that a word?). I teach a couple of people via dropbox and it helps with understanding for them. My daily goal only has to be 20 pips a day for what I need. Notice how I set a stop at +15 and let it run? I don't monitor my trades after I have a stop in. I also don't limit my profits. So even though I did really well that night while sleeping, its a check in my box for the 20 pips for the day, the rest was just a bonus or lot size magnifier for the future trades. If I would have gotten stopped out then I would have traded for 5 more pips the next morning. When I sit here and read charts I will set some targets so I can be done for day if my schedule doesn't allow enough time.

doji
"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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