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 » Mon Apr 24, 2017 10:07 pm

Phil wrote:
dojirock wrote:Hi Phil,

Look at the hourly...after in a trade I try to trade to a 2 or 3 sema on hourly. I also draw additional bearish Momentum zones and use as a stop loss.
Remember when you get additional zones, price likes to come back so I take profits often and then re- enter for more after it gets back to the zone.
You are right, if you wait for it to cross back over the zone, then your MM is out of wack. Also note, 20 pips is real easy to get on a 15 min or 30 min chart which is my goal and done.

Follow the Momentum

doji


Hi Doji,

When you say "I also draw additional bearish Momentum Zones...'' you mean you draw those on the M15 while in/after a trade and when the H1 momentum has already formed?
Is it also true that once price has set an opposing sema 2/3 you tend to no longer use the previously H1 down momo for bias since we could get a new zone due to the sema on H1.

Follow momentum, on the entry chart i suppose than.

Thanks


yes, like a moving stop.....
please remember im a scalper..so when I get 20 im good to be done.
15 min charts give that up pretty easy

the beauty about the momentum zones is that you can trade without a bias......
if your wrong, reverse and you will get it back!

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 24, 2017 10:08 pm

nat wrote:just want to make sure Im doing this correct. This is what you guys mean by mo breaking mo? for the lower one there wasnt a color change on the bearish breakout so i wasnt sure?


Perfect!!

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 24, 2017 10:09 pm

Dan wrote:Is anyone else finding this style hard to trade live? I keep getting chopped up waiting for price to pick a direction out of the zone. Going back to one t/f hoping for some clarity.


You must wait for candle closes. The momentum candles used to make the zone do not count for Mo breaking MO!

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 Dan » Mon Apr 24, 2017 10:15 pm

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Last edited by Dan on Tue Aug 17, 2021 2:56 am, edited 1 time in total.

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Re: A fresh start! Doji's Trading Journal

Postby Dan » Mon Apr 24, 2017 10:20 pm

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Re: A fresh start! Doji's Trading Journal

Postby Dan » Mon Apr 24, 2017 10:30 pm

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

Postby Dan » Mon Apr 24, 2017 10:42 pm

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Last edited by Dan on Tue Aug 17, 2021 2:59 am, edited 1 time in total.

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Re: A fresh start! Doji's Trading Journal

Postby Mira » Mon Apr 24, 2017 11:38 pm

Dan wrote:in this case I was looking for a sell from 3sema, 1h still bullish though, should have waited? You can see where I sold a couple of times as it left the zone then changed my mind and bought. On the 15min the 3 sema was holding and I had bearish mo, not enough to enter yet? wait for 1hr to make a zone?


Hi Dan
Your first two shorts were late, the zone is marked exactly anyway.. if we keep focusing on the short setup, do you see how price dropped when entered your zone some bar later?
Could you draw in this pic the bullish momo setup that blew your stops?
__________ THE :smt096 IS A LIE__________

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Re: A fresh start! Doji's Trading Journal

Postby Mira » Tue Apr 25, 2017 12:02 am

Dan wrote:Here is another sketchy bunch of trades, In hindsight I realize where I went wrong. The first chart was what I was basing my buys off, the zone was wrong as I missed the last 15min bullish mo which was closed over so shouldn't have been buying, i've marked properly in second chart.

However 1hr was still bullish?


Semas should only tell us that price si high (short) and that we price si low (buy).
Price closes above first and BELOW then, so bias was bearish, you took perfect short setups.


The Red line shows you where to enter without changing timeframe, as MO said "Fade The Illusion!!" :!:


IMG_0031.PNG
IMG_0031.PNG (62.54 KiB) Viewed 3114 times


Btw if price is basing just take a look at a bigger timeframe

IMG_0032.PNG
IMG_0032.PNG (69.58 KiB) Viewed 3114 times
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Re: A fresh start! Doji's Trading Journal

Postby Mira » Wed Apr 26, 2017 3:32 pm

almajames004 wrote:I am new to Forex trading and looking for help on various topics on this forum!!


Hi Almajames004!

Welcome to the board, did you read some thread/post on the forum?
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