A fresh start! Doji's Trading Journal

[Phil]

Two tades. Trying to find my favorite timeframe. Those two give a bit more time to think. Rangebars however seem more clear, but how do you handle some sort of bias for the rangebars, or just going with the semas #2 and #3 from m15...

20170504.1403 - GBPUSD - M3.png (27.36 KiB) Viewed 3537 times

20170504.1403 - GBPJPY - M15.png (21.61 KiB) Viewed 3537 times

[dojirock]

Nice to be done on NQ in less than an hour!

2017-05-04_0941.png (72.86 KiB) Viewed 3517 times

[dojirock]

Two tades. Trying to find my favorite timeframe. Those two give a bit more time to think. Rangebars however seem more clear, but how do you handle some sort of bias for the rangebars, or just going with the semas #2 and #3 from m15...

20170504.1403 - GBPUSD - M3.png
20170504.1403 - GBPJPY - M15.png

Buddy you got the entries...
Need a bias.... Put the candle overlay for daily on the range bar chart...it works....
Only trade with daily color... you will hit your pip goal no problem!
pic attached...

your welcome... heheh

doji

2017-05-04_2319.png (64.11 KiB) Viewed 3460 times

[MaxRISC]

That there be copyright and licensed son

[Phil]

Buddy you got the entries...
Need a bias.... Put the candle overlay for daily on the range bar chart...it works....
Only trade with daily color... you will hit your pip goal no problem!
pic attached...

your welcome... heheh

doji2017-05-04_2319.png

Thanks bud, appreciate it!

I somehow got confused using the M15 for bias... I will draw my momo boxes and go down to the say Rangebar chart.
It seems i got chopped a lot before it finally goes away from the box... At that time i can have reversed 3 or 4 times already... drove me insane as far as thats still possible...

So yeah, i will try what you suggested. Perhaps alter it and use H1 for bias, we'll see.

How do you force yourself to wait for the pullback, or dont you wait?

Thanks,
Phil

[dojirock]

You need to wait for pullback and take the signal, otherwise your just getting in to late.
It takes a little discipline

doji

[Mira]

You need to wait for pullback and take the signal, otherwise your just getting in to late.
It takes a little discipline

doji

lol you're right Doji! I'm finding myself getting in too early
It's ok because drawdown is small, but it would be smaller with a correct timining!


Thanks!

[Captain Pugwash]

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

A Q for Doji

I know I am going back a bit here

Doji- on the above post was this the chart you are referring to (from Sandra)


THis one

2017-05-07_1716.png (147.36 KiB) Viewed 3250 times

[Phil]

No trading today for me.
Took some time to look at charts, and in light of that i think this post is also meant as a reminder to myself.
Sorry for that Doji, remove my post if you think its disturbing.

I looked at the chart, starting at H1 and saw up momentum and marked it. Next i looked for the nearest down momentum but couldnt find
one closeby. Thats when i started to look for 'hidden' momentum zones which could tell us a story. I found one on the M15 after
the up mo was placed.

Of course this is hindsight, but again purpose was to find clues for hidden momo. Look at how many times price wicks this zone later.

Thanks,
Phil

20170508.1548 - GBPJPY - H1.png (19.61 KiB) Viewed 3324 times

20170508.1548 - GBPJPY - M15.png (24.52 KiB) Viewed 3324 times

[Mira]

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

A Q for Doji

I know I am going back a bit here

Doji- on the above post was this the chart you are referring to (from Sandra)


THis one
2017-05-07_1716.png

Hi Captain

It was a chart of mine, this is the post!

therumpledone/how-to-be-a-monster-t16383/page40#p102131