A fresh start! Doji's Trading Journal

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

Postby Mira » Tue Apr 11, 2017 11:38 am

Hi Doji!

Thank you for be back, I'm loving your thread and your words!
Your gold nuggets about momentum are changing my view, things are getting clear (even if doing this live isn't always so easy for me).

I'd have one question: considering momentum closing over (origin of) momentum, would you think to reverse the trade if a mbar closed against you?

Thank you much!!
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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Apr 11, 2017 6:32 pm

Follow the higher time frame Momentum. What is your goal when you trade?
Do you always trade 2 time frames? 1 time frame?
Find a method of determining your extremes(to trade from), it can be a over bought/over sold, it can be a sema(i use),it can be about anything.
This may be what your missing and your randomly taking every momentum.
There is a difference between bullish and bearish momentum. Together they make up a momentum zone.

see the 50 percent off the sema on the 1hour overlay.... also happens all the time.

doji
2017-04-11_1432.png
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Mr. Hyde wrote:
dojirock wrote:Looking at the overlays, you only have 2 of those situations of opposing Momentum. Everything else was bearish. That's the beauty about Momentum. Once it happens it keeps going enough for us to benefit.


That's were Im having my issues. 1st trade is price comes into 1hr zline (red line) then sold at the close of the long down candle. Took profit at next 1hr 50% stoppoint which was only about 15 pips. Now were in bullish 1hr momo, which price wasn't able to close over the 50% point (rejection) then a 15m momo bar up forms, bought the high of that and lost (red check mark). Then I see where support became resistance sold at the yellow line and exited at next 1hr 50% stoppoint for another 15 pips. The red x I see 1hr and 15m momo, buy and lose that. Then finally the red thumb I sell back into bullish momo (which I feel is already a bad idea), but ontop of it that bar closed over previous bear momo, so that's 2 huge red flags not to take the trade, but could have been held until the bottom of the 1hr bullish momo for 25 pips.

So for me that would have been 2 losses and 2 wins for about 15 pips total. I know Im doing or seeing something wrong.
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 » Tue Apr 11, 2017 6:43 pm

Fellow traders,
Hindsight, im sure everyone here will agree is easy to see. The big what ifs are easy after they already happen. You need to define your observations and come up with a reaction to them when they happen without hesitation. Its the only way you will be able to trade live vs hindsight. Live trading requires trading the illusion. Theres a lot of fake awesome hindsight traders. That's not your goal. If it is, your in the wrong place. I'm gonna be suggesting you to short when price is going up, long when price is going down, reverse when your wrong. Without any of these things the success rate for PA momentum trading declines.

Look deeper, "It takes momentum to break momentum", They both can't be bullish Momentum can they?
What if you looked at Mo breaking Mo as a setup, not a trigger?
Because Mo breaking Mo happens so infrequently the times you are wrong it keeps the loss small, and when your right, it rewards!

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 Mr. Hyde » Wed Apr 12, 2017 8:05 am

dojirock wrote:Follow the higher time frame Momentum. What is your goal when you trade?
Do you always trade 2 time frames? 1 time frame?
Find a method of determining your extremes(to trade from), it can be a over bought/over sold, it can be a sema(i use),it can be about anything.
This may be what your missing and your randomly taking every momentum.
There is a difference between bullish and bearish momentum. Together they make up a momentum zone.

see the 50 percent off the sema on the 1hour overlay.... also happens all the time.

doji2017-04-11_1432.png





Mr. Hyde wrote:
dojirock wrote:Looking at the overlays, you only have 2 of those situations of opposing Momentum. Everything else was bearish. That's the beauty about Momentum. Once it happens it keeps going enough for us to benefit.


That's were Im having my issues. 1st trade is price comes into 1hr zline (red line) then sold at the close of the long down candle. Took profit at next 1hr 50% stoppoint which was only about 15 pips. Now were in bullish 1hr momo, which price wasn't able to close over the 50% point (rejection) then a 15m momo bar up forms, bought the high of that and lost (red check mark). Then I see where support became resistance sold at the yellow line and exited at next 1hr 50% stoppoint for another 15 pips. The red x I see 1hr and 15m momo, buy and lose that. Then finally the red thumb I sell back into bullish momo (which I feel is already a bad idea), but ontop of it that bar closed over previous bear momo, so that's 2 huge red flags not to take the trade, but could have been held until the bottom of the 1hr bullish momo for 25 pips.

So for me that would have been 2 losses and 2 wins for about 15 pips total. I know Im doing or seeing something wrong.


I have different goals when I trade (besides making money). Right now Im trying to work on my day trading.

I trade 15m, 1 & 4hr and DWM charts.

Thank you for your response

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Re: A fresh start! Doji's Trading Journal

Postby Mr. Hyde » Wed Apr 12, 2017 1:11 pm

Now days like these. I have no problem with
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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Wed Apr 12, 2017 4:07 pm

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

Postby dojirock » Wed Apr 12, 2017 6:15 pm

Mira, Look at the above chart. The black lines.
Can they be defined?
Are they the same?

d
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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Mira
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Re: A fresh start! Doji's Trading Journal

Postby Mira » Wed Apr 12, 2017 6:57 pm

dojirock wrote:Mira, Look at the above chart. The black lines.
Can they be defined?
Are they the same?

d


Doji, I can't see anything..

The upper line looks like is starting from the close/upper wick of the bullish momentum, the lower line at the origin of bearish momentum/increasing speed..

But I'm not sure of what I'm seeing :roll:
__________ THE :smt096 IS A LIE__________

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Wed Apr 12, 2017 7:34 pm

Define bullish momentum.
Looking at the chart, A close above the previous high (extreme)?
the next one
Define bearish momentum.
Looking at the chart, A close below the previous low(extreme)?

Keep it simple, your looking way to hard.

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 » Wed Apr 12, 2017 7:41 pm

It takes a force(momentum)speed and movement to breakout of the previous extreme.
We only care about the ones that close above the previous extreme. Otherwise its an illusion.

Does this definition fit everything being said?
There is a difference between bullish and bearish momentum
If its not momentum then its of no value.
When that force does show itself, call it momentum.
we always get non momentum after momentum?
Color of the candle are of now matter to us?

It takes an bearish momentum to break a bullish momentum.
There is no way an bullish momentum can break a bullish momentum.

and for the big one you MUST have an opposing momentum to change direction of PA.

Once you grasp this, start looking at the stats. Its incredible.

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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