A fresh start! Doji's Trading Journal

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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Tue Oct 27, 2015 5:58 pm

See where I bought on the above chart?

_20151027_125757.JPG
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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 newscalper » Tue Oct 27, 2015 8:04 pm

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.

GBPNZDMonthly.png
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Here's me thinking I was trading off the monthly low

and that price has already bounced from this area once

GBPNZDH4.png
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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.

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Re: A fresh start! Doji's Trading Journal

Postby newscalper » Tue Oct 27, 2015 8:25 pm

MightyOne wrote:
I trade the weekly wrote: Lost big time 2day


Simply using large chart extremes would have filtered out that long trade.

GBPNZDecnH1.png

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

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Re: A fresh start! Doji's Trading Journal

Postby MightyOne » Wed Oct 28, 2015 4:02 pm

GBPNZDecnDaily.png
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Re: A fresh start! Doji's Trading Journal

Postby newscalper » Wed Oct 28, 2015 8:01 pm

Very droll :lol:

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Re: A fresh start! Doji's Trading Journal

Postby newscalper » Wed Oct 28, 2015 8:04 pm

GBPUSDDailywinso far.png
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Re: A fresh start! Doji's Trading Journal

Postby newscalper » Wed Oct 28, 2015 8:06 pm

The small daily bars on those charts are nonesense btw - broker displays a Sunday bar.

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Re: A fresh start! Doji's Trading Journal

Postby dchappy » Thu Oct 29, 2015 12:04 am

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.

Screenshot_2015-10-28-20-02-34.png
Screenshot_2015-10-28-20-02-34.png (119.5 KiB) Viewed 1384 times

Here's me thinking I was trading off the monthly low

and that price has already bounced from this area once

The attachment GBPNZDH4.png is no longer available


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.
. Hi News...just another perspective ..

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Re: A fresh start! Doji's Trading Journal

Postby MightyOne » Thu Oct 29, 2015 4:10 am

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.

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Thu Oct 29, 2015 6:47 am

AWE!
Missed the down run by 60 minutes!
I know...there are always more trades.
:P
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