A fresh start! Doji's Trading Journal

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bettlebox
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Postby bettlebox » Wed Oct 03, 2012 5:53 pm

Hi doji

thanks for posts it becoming clearer. you asked "As soon as that happens...i draw levels on the 15 min. You understand how I draw them?"

I dont understand 100% how you draw the lines on 15min , could you expand on it bit please? so sorry to be pain dude.

much appreciate all your help.
thanks Doji :)

dojirock wrote:
newscalper wrote: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.


Your 1st comment... Hammered going long. We can all see up momentum?
Breaks the downward zline? ok.... If I was trading this 4hr chart...I ask myself, looking for longs...only enter when price is below the ema...
the next candle does this, is it enough, no. At that time its below the ema we dont know how far its going to go... Im not going to deal with the hourly right now...i will explain in 2 time frames...so i drop to 15 min for entry. The red vertical line is the close of the 4hr upward mbar. As soon as that happens...i draw levels on the 15 min. You understand how I draw them? Breakout and 50 percent level forms my zone. As you can see per my personal rule...it doesnt drop below the ema, so I can honestly say I probably would not have take this. I would have dropped to the 5 or 10 min to get a entry...but we can discuss that later... So you want an entry...well price comes into zone...i love to take trades that momentum enters the zone...as you can see it did...thats where my arrow is the open of the candle after the momentum into the zone. Good for 20+ pips....if your goal is 20 a day...your done! Some have pm'd me and said well its easy to draw this in hindsight... I use the same method all the time.....it works for me...no exceptions...why would i change it...to please others..not!!

Take what i show you and make it your own.

ok...next area...
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bettlebox
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Postby bettlebox » Wed Oct 03, 2012 6:45 pm

Hi Doji

I been picking through the pictures you post think i know what can you comment on attached picture. Is this what you are seeing ?
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dont go short there.jpg
Dragons Comment Trade: DONT GO SHORT THERE.
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Postby dojirock » Wed Oct 03, 2012 6:46 pm

No problem BB,

look for the breakout.....i look at the 50percent area of the candle that is actually breaking out...if there is a run of same color candles...do the 50percent of the runs...thats one line.....

The open of momentum..that was broke is the other line.....

make sense?
"A small loss is just as satisfying as a large gain" -MO
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Postby bettlebox » Wed Oct 03, 2012 7:16 pm

Think i got did you see the picture i did in this post http://kreslik.com/forums/viewtopic.php?p=65007#65007

i think you may of just missed it as i posted it? :D

dojirock wrote:No problem BB,

look for the breakout.....i look at the 50percent area of the candle that is actually breaking out...if there is a run of same color candles...do the 50percent of the runs...thats one line.....

The open of momentum..that was broke is the other line.....

make sense?
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Postby dojirock » Wed Oct 03, 2012 7:29 pm

BB,

Yes I missed your pic...here ya go..I marked it up for ya.
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Postby bettlebox » Wed Oct 03, 2012 7:54 pm

ahh i ok i see, i cleared my old comments and added some new ones.I just make sure im seeing the grey lines you drew in for me correctly.

See picture attached.


thanks doji

dojirock wrote:BB,

Yes I missed your pic...here ya go..I marked it up for ya.
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answer_124.jpg
Answer Picture with my new comments about grey lines
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Postby dojirock » Wed Oct 03, 2012 9:00 pm

Almost BB,

In the 1st one, im marking the 0 of the red candle, then i mark the 0 and the 50 of the greens combined.

In the 2nd one, I mark the 0 of the green and the 0and the 50 of the reds combined...

Just how I do it...works for me
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

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Postby bettlebox » Wed Oct 03, 2012 9:15 pm

Thanks Doji i understand now, i can see why short wasnt going short at all on that trade and it was at top. I need to absorb it in my trading now.

I will stick to 4hr and 15min as you suggest , i think thats good advice.
Hopefully this will help lot others as well see it.

Really appreciate your effort and time Doji.
I will keep posting in here if thats ok and helping where i can?

BB

dojirock wrote:Almost BB,

In the 1st one, im marking the 0 of the red candle, then i mark the 0 and the 50 of the greens combined.

In the 2nd one, I mark the 0 of the green and the 0and the 50 of the reds combined...

Just how I do it...works for me
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Postby Tony Montana » Thu Oct 04, 2012 12:29 am

In preparing yourself for war, you must rid yourself of myths and
misconceptions. Strategy is not aquestion of learning a series of moves or
ideas tofollow like a recipe
; victory has no magic formula.Ideas are
merely nutrients for the soil: they lie in your brain as possibilities
, so that
in the heat of themoment they can inspire a direction, an appropriateand
creative response. Let go of all fetishes--books,techniques, formulas,
flashy weapons--and learn tobecome your own strategist.



Thus one's victories in battle cannot berepeated--they take their form in
response to inexhaustibly changing circumstances.

Sun-tzu (fourth century B.C.)


*The 33 Strategies of War (robert greene)
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 » Thu Oct 04, 2012 12:38 am

The pattern is the same no matter how you learn to see it....
Same on all time frames.

Here is a 30 min 5 min example:

30 min as a bias
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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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