A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Tue Sep 25, 2012 8:20 pm

there ya go bb great analysis.....now just keep repeating....

:D
"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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newscalper
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Postby newscalper » Wed Sep 26, 2012 8:31 am

Thanks Doji. I must be thick because there's still something I'm not seeing

Image

The first is that using H4 bars as a basis is going to give different pictures, second is that you're taking weekend bars into account. Gap also = momo because for price to move like that over weekend = demand but it's a very different scenario. Next is most of the big moves are missed in exchange for a few scraps here, if the gap was actually bars, there's be no trading there, followed by (possibly) a scalp during the pin that formed then the steamroller down with plenty of losses. Yes I see the zone looking far to the left but that's not what is being looked at here. See the big move down on the left? You would have been looking for longs all the way until price passed the zero line of the previous up move?

I do see those 2 down bars before that big drop on the left but they don't close below the 'up' z line so would still be looking for longs?

I've been puzzling over this 'method' for years and still don't get it

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Tony Montana
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Postby Tony Montana » Wed Sep 26, 2012 11:36 am

Starting the day

Im out after take the picture :) just Z lines and 5 pip SL for this trade
That round number worked like magic (6200)

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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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Tony Montana
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Postby Tony Montana » Wed Sep 26, 2012 2:02 pm

Something very weird is happen to me, i think i starting to hear the silent
voice of the market, he tell me wait and i wait he tell me be ready and im
ready he tell me entry now, and i take the entry now... i feeling flowing whit it.

I dont know is weird, i think the clue in not to follow a fixed method just use
the best tool for the moment NOW! not just momos, not just candle sticks,
no just support/resistance/supply/demand, not just overlays, not just bias.

Keep your practice and when the moment NOW comes to you, you will have the best answer for that.

Don't get set into one form, adapt it and build your own, and let it grow, be
like water. Empty your mind, be formless, shapeless ? like water. Now
you put water in a cup, it becomes the cup; You put water into a bottle it
becomes the bottle; You put it in a teapot it becomes the teapot. Now water
can flow or it can crash. Be water, my friend.
- Bruce Lee

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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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dojirock
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Postby dojirock » Wed Sep 26, 2012 4:06 pm

Newscalper,

Those few post about combining candles, or using the h4 is really something bettlebox is trying to master. I learned along time ago, is you need to start with one time frame and get the basics down before moving to multiple time frame analysis, or you will drive yourself nuts. Notice on most of my charts if just one time frame. Same with Tony. I do my best to describe in somesort of rule fashion how I think I see longer term trends on my 15 min chart. But its difficult, im a 15 min or 30 min trader, when I do trade 4 hr, very scarce, i only look at that chart, same pattern on every timeframe...i dont mix them...so im not the best teacher to describe multitime frame analysis...I dont know if tony has any way to explain better, im sure he will read this and chime in.

Few questions, do you still lose money? Are you live or demo?
If your making money is it consistant. If you answer yes, demo, no....I recommend highly one time frame to start. Not the 5 min...its harder to recognize. If you need help with that let me know..I will see what I can do to help. Thanks
"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 » Wed Sep 26, 2012 4:14 pm

Tony isnt that an awesome feeling! I feel that way for like 4-5 days and it gives a real high. Then for some reason I feel blind as a bat for a couple....lol But I have noticed the frequency that im a bat comes less and less.......
Awesome trading man!

:D
"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 » Wed Sep 26, 2012 4:28 pm

Newscalper,

This is what I mean if im going to trade the 4 hr this is the only way I do it. Top trade, we have a up mbar, you can recognize, yes? The price closes below the open of that mbar, yes? At that point i look at the candle before the up mbar, at the high, thats my other line area, I like to see a body close higher than the line, which it did (the up mbar) and a body to close below that line, which happens after the up mbar. When these things happen,we look for shorts only. The question next is, when it retraces, how far will it retrace? Sometimes its right in the zone, some times its 150percent of the up mbar, it doesnt matter to me as long as it doesnt close above that area. The last step for me is my favorite rule, when taking shorts, entry must be above the 12 ema. So I enter.

I dont have the patience for this at this point, so I trade the 15 or 30 min...
4hrs with my schedule just doesnt match up.....

I will mark a 4hr chart like this....then I know the bias if you will....but trade the 15 min for all the shorts all the way down...
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"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 » Wed Sep 26, 2012 4:31 pm

cmac,

did you get the link I sent you?
"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 » Wed Sep 26, 2012 10:26 pm

current a/u.....
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"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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newscalper
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Postby newscalper » Wed Sep 26, 2012 11:19 pm

Doji: Still around break even give or take. Slightly down on the year at the moment.

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