A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Fri Sep 28, 2012 2:45 pm

prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:You cannot (I cannot) trade space with 1 lot...
2 lots maybe, but even then you are stuck with the 1
lot short-stick after a partial stop or TP.

3 lots is as low as you can possible go without severely limiting your
strategical options.

Your exact entry doesn't matter, this does:

#1: Position in the market
#2: Position Size prior to range expansion
#3: Range expansion

Your job is 1 & 2.



Who is your Dad?


What!?

Matthew 23:9


Wrong "Father".
You know who you looked up to as a little boy, No matter what spin you put on it now.
He may not be as good a trader as you, but he is still 50% of where you came from.


Then I would say Ken Roberts because I have looked up to him, since age 16, as a model of success.
Without Ken Roberts there would have been no MO; you could say that the man beget me :wink:

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bettlebox
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Postby bettlebox » Fri Sep 28, 2012 5:40 pm

If price moves out of the previous day range i will use earlier days key levels.
Even used daily key levels over month ago. It works. Plus im always interested when price is at weekly keylevels only if price is in range it thou.



newscalper wrote:
bettlebox wrote:Plus there was 2 x 15min zline bang on at rat trade. :) . Smaller timeframe orderzones with in higher timeframe orderzones works a treat.



newscalper wrote:Well the level held and it went up like stink
Image

Now approaching H4 zline - yesterday was up and the 50% fib is below, but not looking for shorts from the H4 Zline just hitting now? In this instance what is the significance of that daily fib? Or is that just a confluence thing?

I know what you meant about the H4 candle to the left marking the zone as the momo candle perhaps wasn't great BUT individual H4 bars mean diddly, no-one sees them the same. What I did see was the original return to the area with what appeared as a doji but with a BIG wick in both directions then 7 green H4 bars. Also the daily chart showed a momo bar (almost) from that area. So short trades were going into a daily demand area.

So one TF says short, another says long so exit criteria is key because if you entered on M15 and were hoping to hold for more you jsut got smashed. If you entered on M15 and only took 20 pips or whatever then..OK

Which daily 50% level - I thought you just marked out the 50% level of the day before on the previous chart approx where the pivot was? Now it looks like you're marking 50% of a daily momo which was days ago?
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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bettlebox
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Postby bettlebox » Fri Sep 28, 2012 5:54 pm

Here is another example just to prove my point :D
Attachments
keylevel example pg 2.gif
15MIN OF THE AREA WITH RATTRADES
keylevel example pg 2.gif (27.81 KiB) Viewed 226 times
keylevel example pg 1.gif
DAILY CART EURUSD
keylevel example pg 1.gif (28.57 KiB) Viewed 227 times
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dojirock
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Postby dojirock » Fri Sep 28, 2012 5:57 pm

au final trade...
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auaaae.gif
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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 » Fri Sep 28, 2012 6:06 pm

Indicators as a confirmation....this is to show a way to use the indicators, on finding levels... I DONT trade the indi's, this is just a way to use them as a confirmation tool only. This had a big impact on my trading...alot of you guys keep asking me how i pic my bias? how i know what levels to take when I only use one chart.... this is another way that may help...especially if your having problems with direction.

I dont switch charts and draw a ton of lines...just one chart, two lines...some basic rules and enter.

Keep it simple....
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indiverify.png
indiverify.png (59.27 KiB) Viewed 221 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 » Fri Sep 28, 2012 6:09 pm

Dc, trades very simular....he uses the macd cross of the zero line...in confirmation of a 1,2,3 setup...enter....take what you can......day in and day out.....===== equals , FINANCIAL FREEDOM!!!!!
:smt026
"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 » Fri Sep 28, 2012 6:10 pm

What, no charts today Tony?? I like the animation! :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 » Fri Sep 28, 2012 6:17 pm

Great drawing Tony, thanks!
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two time frames.png
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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 » Fri Sep 28, 2012 6:23 pm

bettlebox wrote:Here is another example just to prove my point :D

Wow, thanks :) I've been considering the use of tick volume along with this stuff as well - may help gauge quality of past momo

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newscalper
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Postby newscalper » Fri Sep 28, 2012 6:29 pm

dojirock wrote:Great drawing Tony, thanks!

I know that picture VERY well LOL. The problem often is when it doesn't do that, and you start getting rat entries and get whipped all the way down to the bottom.

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