See where I bought on the above chart?
A fresh start! Doji's Trading Journal
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- prochargedmopar
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Re: A fresh start! Doji's Trading Journal
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- newscalper
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Re: A fresh start! Doji's Trading Journal
Hindsight is 20:20.
The big green candle up is not a reason to to buy until it is proven valid, i.e. it has closed above something, until that point it may well just be wicking sometinhg, that something being the last reason to get short. Entering on the close of that candle is ok but it's not the best price to get in on. 7/10 price will pull back, and there's a reason for why it does that. And that's where I look to get in on a smaller timeframe, again when something has closed over something.
There's a reason I can get 400 pip runs off small stops and it ain't just trading 'momo' bars.
Here's me thinking I was trading off the monthly low
and that price has already bounced from this area once
Although I know that price is below something, but it has not closed below something yet. Still not convinced with H4, see it so often, H4 says long, daily says short.
The big green candle up is not a reason to to buy until it is proven valid, i.e. it has closed above something, until that point it may well just be wicking sometinhg, that something being the last reason to get short. Entering on the close of that candle is ok but it's not the best price to get in on. 7/10 price will pull back, and there's a reason for why it does that. And that's where I look to get in on a smaller timeframe, again when something has closed over something.
There's a reason I can get 400 pip runs off small stops and it ain't just trading 'momo' bars.
Here's me thinking I was trading off the monthly low
and that price has already bounced from this area once
Although I know that price is below something, but it has not closed below something yet. Still not convinced with H4, see it so often, H4 says long, daily says short.
Last edited by newscalper on Tue Oct 27, 2015 8:31 pm, edited 1 time in total.
- newscalper
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Re: A fresh start! Doji's Trading Journal
MightyOne wrote:I trade the weekly wrote: Lost big time 2day
Simply using large chart extremes would have filtered out that long trade.
Mo - could you show the daily chart of that please? If those are daily zones - I can't place them on my chart as your quoted prices are totally different to mine.
Thanks
- newscalper
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Re: A fresh start! Doji's Trading Journal
Very droll
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- newscalper
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Re: A fresh start! Doji's Trading Journal
The small daily bars on those charts are nonesense btw - broker displays a Sunday bar.
Re: A fresh start! Doji's Trading Journal
. Hi News...just another perspective ..newscalper wrote:Hindsight is 20:20.
The big green candle up is not a reason to to buy until it is proven valid, i.e. it has closed above something, until that point it may well just be wicking sometinhg, that something being the last reason to get short. Entering on the close of that candle is ok but it's not the best price to get in on. 7/10 price will pull back, and there's a reason for why it does that. And that's where I look to get in on a smaller timeframe, again when something has closed over something.
There's a reason I can get 400 pip runs off small stops and it ain't just trading 'momo' bars.
Here's me thinking I was trading off the monthly low
and that price has already bounced from this area once
Although I know that price is below something, but it has not closed below something yet. Still not convinced with H4, see it so often, H4 says long, daily says short.
Re: A fresh start! Doji's Trading Journal
newscalper wrote:The small daily bars on those charts are nonesense btw - broker displays a Sunday bar.
Sunday is irrelevant as you went long from Monday's low (Thursday's breakout); if you factor in Friday then the long was 4x more appalling.
If we are looking at shorts then we would look at the rise on the 20th, the wickdoll on the 23rd, and then to Sunday's extreme as a failure at that same price level.
A candle closing over something or 2+ day extremes, these are just general things to look for.
What matters most is your ability to think and to plan, to be flexible & not rigidly follow a pattern/prescription.
Where there is doubt be brave, where there is fear be certain, where you are wrong create a likely story; there is
nothing wrong with being an imagineer, all things spring forth from an idea.
Last edited by MightyOne on Thu Oct 29, 2015 2:29 pm, edited 1 time in total.
- dojirock
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Re: A fresh start! Doji's Trading Journal
AWE!
Missed the down run by 60 minutes!
I know...there are always more trades.
Missed the down run by 60 minutes!
I know...there are always more trades.
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!"
"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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