A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

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Jalarupa
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Postby Jalarupa » Tue Oct 09, 2012 8:18 am

Yeah thats the problem with these central wankers... each time one of them opens their mouth the market ignores all sense of logic and reason... Don't feel too bad... you should be mindful of the economic data as well as the markets tend to move in the direction of the data...

Today France increased the Current Account Deficit by over 1Bln (Bad news) that was the first H1 Red MOMO... what followed was the Wick Doll and the subsequent Body in direction of profit...

You shouldn't fault yourself though, your analysis was sound, there was sufficient support and dragon lines to back you up... but the market follows the news for the most part and this translates into Body in direction of profit wick in direction of loss...

You don't need a Squawk... Just get a twitter account and follow @ForexLive @Zerohedge and @DaytraderFull for the best economics tweets without a lot of the nonsense yada that goes on in some of these other accounts...
:smt065

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bettlebox
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Postby bettlebox » Tue Oct 09, 2012 8:30 am

Thanks Jala and thanks for tip about twitter accounts very helpful :).

Jalarupa wrote:Yeah thats the problem with these central wankers... each time one of them opens their mouth the market ignores all sense of logic and reason... Don't feel too bad... you should be mindful of the economic data as well as the markets tend to move in the direction of the data...

Today France increased the Current Account Deficit by over 1Bln (Bad news) that was the first H1 Red MOMO... what followed was the Wick Doll and the subsequent Body in direction of profit...

You shouldn't fault yourself though, your analysis was sound, there was sufficient support and dragon lines to back you up... but the market follows the news for the most part and this translates into Body in direction of profit wick in direction of loss...

You don't need a Squawk... Just get a twitter account and follow @ForexLive @Zerohedge and @DaytraderFull for the best economics tweets without a lot of the nonsense yada that goes on in some of these other accounts...
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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PebbleTrader
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Postby PebbleTrader » Tue Oct 09, 2012 8:43 am

That was one of those places where if you are wrong, you will be wrong big.

Need to have a plan for both scenarios.
Life is just a journey

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dojirock
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Postby dojirock » Tue Oct 09, 2012 2:50 pm

This is why we use stops bb, good job on that.. I know a couple of my buddies got burned on that one....
It always takes Momentum to break Momentum!
"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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MightyOne
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Postby MightyOne » Tue Oct 09, 2012 2:58 pm

bettlebox wrote:The day i decide to be brave an step in where i should, this happens. :(
Stop trading for today too emotional.



Some trades only make sense if you are a scalper...

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dojirock
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Postby dojirock » Tue Oct 09, 2012 3:20 pm

Hi BB,

Hi bb, this was my trade, BUT, it was a set and forget trade...
I checked the 4hr and price was above the ema already. I didnt want
to stay up all night so I placed a limit sell in a pretty safe place.
There was nothing wrong with your trade, I would have gotten a few more
points out of a long to before looking for a reversal had I been awake. I drew out the zones for ya.

Keep going man....you got this down...just happened to be one of those turning stop outs.

doji
Attachments
todayeu.gif
todayeu.gif (16.31 KiB) Viewed 2180 times
It always takes Momentum to break Momentum!
"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 » Tue Oct 09, 2012 3:23 pm

This was my 4hr that I based the trade off of.
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todayeu4hr.gif
todayeu4hr.gif (16.23 KiB) Viewed 2177 times
It always takes Momentum to break Momentum!
"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 » Tue Oct 09, 2012 3:25 pm

Darn I got out way to early!!!!!!!! :cry:
It always takes Momentum to break Momentum!
"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 » Tue Oct 09, 2012 3:36 pm

I agree with MOs chart :)
Life is just a journey

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bettlebox
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Postby bettlebox » Tue Oct 09, 2012 3:45 pm

Im scared to ask MO, but i don't understand what he saying.
PebbleTrader wrote:I agree with MOs chart :)
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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