A fresh start! Doji's Trading Journal

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PebbleTrader
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Postby PebbleTrader » Sat Sep 22, 2012 1:12 pm

Nice Examples MO.

Drain baby drain!
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Sat Sep 22, 2012 1:47 pm

The TENDENCY for the mind to become ANCHORED on a particular idea despite a changing more recent series of Now Moments...

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Life is just a journey

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Tony Montana
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Postby Tony Montana » Sat Sep 22, 2012 1:59 pm

PebbleTrader wrote:Peaceful Warrior:

I like the scene where they go on the hike and the whole time he is so excited about where the hike is going to lead to... :)

It's about the journey not the destination.

It's such an easy trap to get caught up in thinking that the higher up the pyramid / ladder you climb, the better life will be.

The thing is, if you ever reach the top and look around, you'll ask, "Is this all there is up here?" and realize that enjoying the process was vastly more important than reaching the "success" peak.


That scene put a drop water on my check lol maybe it was raining :]


PebbleTrader wrote:When I first listened to the audio book of Eckhart Tolle "Power Of Now", I had to pause it constantly as I was either taking notes or deeply thinking about what was just said...


I just downloaded it and Pebbletrader i have a big big diary when i write everything that i liked when im reading and like you i stop to think and see how that can apply and change my life, forex for me is the best teacher in the world, it change my life for the best.

Every morning im grateful for trade with the best mentor in the world to me. I love you teacher lol

And thanks my friend for the book.

Happy trading
While it may be true that 95-99% of Forex traders fail, 100% of Forex traders who never give up will succeed
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Karma
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Postby Karma » Sat Sep 22, 2012 2:32 pm

http://www.youtube.com/watch?v=ERbvKrH- ... FD01C4505B
Alan Watts - Music and Life
(Animation from trey parker and matt stone)
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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dojirock
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Postby dojirock » Sat Sep 22, 2012 7:18 pm

Bettlebox, 1st thanks for the chart...there are 2-3 guys in my group struggling to see what I see, so Im going to take this opportunity with your chart to teach them using your chart. I updated your pic and attached it with some reference points.

You are right on target with what I was trying to express to you. Great job. I dont know why, but when I look at 4hr and 1 hr charts as a overlay, it messes up my trading. I look at 15 min only and am able to see the longer just looking at that chart. Everyone is visually different in how they process and see things. I can teach this way of seeing it like you have drawn but dont trade it that way visually. I think thats why the guys in the group have a hard time understanding how I know what trades to take and what trades not to. I would like to post this on KR also and maybe it will help them. Excellent drawing....
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4hr direction different.png
4hr direction different.png (46.45 KiB) Viewed 389 times
"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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Postby dojirock » Sat Sep 22, 2012 7:22 pm

Now lets break it down. Only stick with the high probablility trades. So when the chart tells me momentum is moving up, I only took longs. Discipline is a must! As I read a chart, the "a" mbar is long. I know that when that happens, im only taking longs. I then tell my self get ready for a long trade, and one of my rules I never broke is "never take a long trade unless price is below the 12 ema" Attached is a 15 min pic of how I see it, marked with how you see it. Now remember at this point we only have the formation of the "a". This is where I have already drawn my lines on the 15 min chart. Price drops below the ema, great...start marking the highs, which I did in white and follow price down. It will reach or be near the zone. The zone is made up the 2 lowest zlines on the 15 min chart. Price hits the high (rat) you enter. simple. Until I visually see momentum changing, I trade longs. Long rules...... price must be below the 12 ema.
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bb1.gif
bb1.gif (29.57 KiB) Viewed 388 times
"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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Postby dojirock » Sat Sep 22, 2012 7:34 pm

Now box "b" on the 4 hour we have a mbar down. Looking for short trades, rule states "never take a short trade unless price is above the 12 ema" Take a look at the 15 min with the same overlay as your 4hour chart. Again we follow price up above the ema, once above the ema we mark lows and take the break (rat).

Now box "c" on the 4 hour you have to watch and be careful, your entering the 4hour zline. To start, just observe..dont trade those areas. Until you can visulize and have a plan to trade those areas alot of traders lose in those areas.

Try it on the remainder of the mbars you have drawn, it works

Im a short term trader and it works for me. I dont trade long term due to i havent figured out how to yet efficiently. Patience plays a big part of that. We all have our demons. Alot of you ask how I skip over trades, its only by looking at the swings and visulizing the longer time frame for its boundries. I see them on a 15 min, I cant see them with the overlays. It sounds weird, but i over analize with the 1hr and 4 hr overlay on my screen. So I dont use them. I dont care. Im making money. I dont have to trade exactly like everyone else, especially if I cant "see" it that way. If you can relate to what im showing you, I can almost guarantee, 3 months from now you will be doing it with slight differences that you have adapted to "see" or hopped to another system. No worries, no offense to me. Just reach the goal of being successful. So few make it.
Attachments
bb2.gif
bb2.gif (23.67 KiB) Viewed 384 times
"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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Postby dojirock » Sat Sep 22, 2012 7:35 pm

Im a short term trader and it works for me. I dont trade long term due to i havent figured out how to yet efficiently. Patience plays a big part of that. We all have our demons. Alot of you ask how I skip over trades, its only by looking at the swings and visulizing the longer time frame for its boundries. I see them on a 15 min, I cant see them with the overlays. It sounds weird, but i over analize with the 1hr and 4 hr overlay on my screen. So I dont use them. I dont care. Im making money. I dont have to trade exactly like everyone else, especially if I cant "see" it that way. If you can relate to what im showing you, I can almost guarantee, 3 months from now you will be doing it with slight differences that you have adapted to "see" or hopped to another system. No worries, no offense to me. Just reach the goal of being successful. So few make it.

There are always trades, learn to wait, follow your set rules, over time you will make small adjustments and things get even easier to see. Another point, when you get to this point and are doing well, realize your on the green grass, realize the grass is the same color and could never feel as good as the grass on the other side of the fence. Many traders fail because they dont stick with one trading method. Over time you will notice more things, which enable you to trade more, both ways at times, and more efficently.

Hope this helps you guys.
:)
"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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PebbleTrader
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Postby PebbleTrader » Sat Sep 22, 2012 11:18 pm

Thanks for the writeup's dojirock.

Karma, ain't that the truth! I still to this day am cranky about spending too much time in the school systems...so much time and life energy wasted...
Life is just a journey

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Postby PebbleTrader » Sun Sep 23, 2012 4:21 pm

Tony,

I generally have notebooks for:

-reading a good book or article

-idea generation

-market lessons learned

-programming (to help understand code i'm writing)
Life is just a journey

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