A fresh start! Doji's Trading Journal

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

Postby Sandra » Thu Dec 29, 2016 12:40 am

Hourly Trade, 30 min entry D style!

Thanks for all the help!

S
2016-12-28_1934_001.png
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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Fri Dec 30, 2016 3:48 am

8) :smt023
Sandra wrote:Hourly Trade, 30 min entry D style!

Thanks for all the help!

S2016-12-28_1934_001.png
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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Re: A fresh start! Doji's Trading Journal

Postby THEDOMINICANREPUBLIC » Sat Jan 28, 2017 6:50 am

Hi, great system

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Re: A fresh start! Doji's Trading Journal

Postby xtremeforex » Sun Jan 29, 2017 5:21 am

Hi everybody.

Just a slight distraction from the thread:

There is a trading competition ($2,000+/month in prizes) beginning on Feb 5th. I encourage everybody to join. See the thread on Trading Competition.

Ok, carry on. :)

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

Postby dojirock » Sun Apr 02, 2017 7:00 am

Over my 2 years of teaching I found it best to give clues on how to read price action which will stimulate thinking vs telling other traders what to do. By telling them it usually turns into a trade service, which I wont do and avoid. Its along with the proverb of "give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime"

That picture that I re-posted hits it on the head. Sometimes 'old' momentum is only a few bars back on turns. Sometimes 'old' momentum is 30 bars back ONLY due to price was in a strong up trend or down trend. With that perspective are not those 30 bars all in one of a higher time frame? If so, using the logic of "It takes momentum to break momentum", has that happened yet on that time frame? or not?
Not to confuse, but its all the same on any time frame, chart, and or chart type. Once you learn to read momentum. Its the essence of price action.

Re-reading what I just wrote seems like it will come across as advanced to you or not make sense at this time. If so come back to it at some point you will have an ahh-ha moment.

Lets back up a minute now, to the chart that was posted. Ask yourself this, At what point of the old momentum's origin was the line drawn?
Now later in time on the chart when that said point(or line) was reached, was it with momentum? If it was with momentum ask your self where the origin of that momentum lies in relation to the old momentum's origin? Then ask yourself where the end of the momentum lies in relation to the old momentum's origin?
By determining these two points will answer the original question if the old momentum's origin was really approached by momentum.

One may need to re evaluate his definition of momentum?

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!"

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Apr 10, 2017 9:54 pm

Again, what does momentum look like to you? How do you define it? If you dont know, how can you possibly be consistent?
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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Apr 10, 2017 10:16 pm

For a scalpers trading plan, defined rules, or ideas need to improve stats. If they don't then they are of no need. Stats and Money Management is the key to success!
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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Re: A fresh start! Doji's Trading Journal

Postby nat » Mon Apr 10, 2017 10:41 pm

dojirock wrote:Again, what does momentum look like to you? How do you define it? If you dont know, how can you possibly be consistent?

Is your definition still whats on the first page of this thread?

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Apr 10, 2017 10:56 pm

You know, strangely, I had to look....

It is! But the underlying understanding has changed.

The way I define Momentum is a close above the previous extreme. That is bullish Momentum. Its the same on any chart timeframe, chart type.
Thus close below previous extreme would be bearish Momentum. Again, same on any chart timeframe, or chart type.

If one draws the zline (the origin of Momentum) see how it will take bearish Momentum to break that origin of bullish momentum?

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!"

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

Postby dojirock » Mon Apr 10, 2017 11:02 pm

2017-04-10_1900.png
2017-04-10_1900.png (20.28 KiB) Viewed 4309 times
Bullish Mo
Bearish Mo

Momentum of any type is always followed by non-momentum.
The candles between the two Momentum are the non-momentum.
Do you see why?

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!"

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