A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Wed Oct 03, 2012 6:13 am

1 Hour analysis
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Postby dojirock » Wed Oct 03, 2012 6:15 am

15 min (one chart is zoomed in a little)
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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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Postby dojirock » Wed Oct 03, 2012 6:22 am

G/U one hour setup for a short
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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 Oct 03, 2012 6:23 am

15 min entry chart,

I missed the 1st entry, but caught the 2nd one.

See what I get in the morning!
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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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Postby bettlebox » Wed Oct 03, 2012 8:04 am

Hi Doji

Thanks for the response. The higher timeframe stuff im ok with.

But to be honest the 15min chart is mystery to me still.

What i believe to be true about 15min:

:arrow: Rat trade for me is made up 2 x opposite coloured candles on 15min. Entry on break of the high or low depending on direction.

:arrow: I understand take trade short when price is above 12 ema and visa versa.


What i do not understand:-

:arrow:(70% sure) i understand your white lines are marking the lows of red candles for trades going short and highs of green candles going long. I noticed you draw some white lines on the opening or close.

:arrow: :?: are you combining candles down on 15min and using them as one candle like on the higher time frames?


Doji is it possible you could expand bit more on 15min chart im not quite following, due to my lack of not grasping the principles you are following?.


Thanks
BB

dojirock wrote:15 min (one chart is zoomed in a little)
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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Postby newscalper » Wed Oct 03, 2012 10:04 am

One problem I've had with the 'if the higher timeframe bar is closing a certain way that's the way price is going' is this:
Image
The same issue with waiting for a higher TF bar to close a certain way first at a s/d area - sometimes there isn't an inside bar close in the area, sometimes there's just a spike on M15 and it will shoot away. If you wait for an H4 close, by the time you're thinking of entering price has bombed to the other zero line and back. Follow the H4 in hindsight and once again you're getting hammered.

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Postby bettlebox » Wed Oct 03, 2012 12:09 pm

newscalper

Don't play break outs unless there is one exception you got something obvious to target.











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Postby bettlebox » Wed Oct 03, 2012 12:38 pm

I wish people explain things like this to me :(

Last edited by bettlebox on Wed Oct 03, 2012 12:47 pm, edited 1 time in total.
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Tony Montana
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Postby Tony Montana » Wed Oct 03, 2012 12:46 pm

Doji, thanks my friend

Thomas Jefferson: Nothing can STOP the man with the right mental attitude from achieving his goal; nothing on earth can HELP the man with the wrong mental attitude.

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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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Postby Tony Montana » Wed Oct 03, 2012 12:46 pm

double post
Last edited by Tony Montana on Wed Oct 03, 2012 12:49 pm, edited 1 time in total.
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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