A fresh start! Doji's Trading Journal

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

Moderator: moderators

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1300
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 324
Location: South Africa
Gender: None specified

Postby Jalarupa » Tue Oct 09, 2012 3:48 pm

bettlebox wrote:Im scared to ask MO, but i don't understand what he saying.

PebbleTrader wrote:I agree with MOs chart :)


He is saying that it makes sense to only scalp long when the bigger guys wanna dump the Euro... Which is what the weekly chart suggests... Ergo, your bias should be to sell as that's what the general longer term sentiment is saying... :wink:
:smt065

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1300
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 324
Location: South Africa
Gender: None specified

Postby Jalarupa » Tue Oct 09, 2012 3:53 pm

Image


I saw it this way... for me 75% ret is a sure fire S&R in forex esp on the daily and H4 charts...
:smt065

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Tue Oct 09, 2012 3:56 pm

Approaching long term demand level...
Life is just a journey

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1300
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 324
Location: South Africa
Gender: None specified

Postby Jalarupa » Tue Oct 09, 2012 4:01 pm

PebbleTrader wrote:Approaching long term demand level...


Image


75% daddyo 8)
:smt065

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

Postby bettlebox » Tue Oct 09, 2012 4:20 pm

Ahh ok i understand now. thanks jala, pebble

Normally i do 4hr and 1hr analysis before i look for trade on 15min , But today i skipped my 1hr analysis. :/

4hr Chart


1hr Chart


BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Tue Oct 09, 2012 4:38 pm

I would use expanding/shrinking body sizes as a rough draft of S/D as it only takes 5 minutes to mark up multiple charts.

Simply find the high, middle, and low using:

1) close over & wick
2) expanding/shrinking bodies nearing S/R
3) sudden jumps (4)

High/Low = ~80 rets
Middle = 50 - 66% rets.

Image

marex
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Tue Oct 09, 2012 10:52 pm
Reputation: 0
Gender: None specified

Hi, 'newbie' here

Postby marex » Tue Oct 09, 2012 11:23 pm

Hey Doji,

This is live. Just wanted to post a chart. I don't use mt4, but its all the same. All lines taken off h4 the odd h1. That's pretty much it. Just a line. :)
Attachments
1.gif
1.gif (10.16 KiB) Viewed 2567 times

totem
rank: <50 posts
rank: <50 posts
Posts: 17
Joined: Sat May 05, 2012 7:37 am
Reputation: 0
Gender: None specified

Postby totem » Wed Oct 10, 2012 2:47 pm

Hey guys, I keep it very simple. Under. Over. Momo. Now waiting for target to get smacked.

Image

My trading improved ten fold after stopping watching candles print, a wigglerly lines and horzontal zones are much easier to interpret imho

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1633
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 15
Gender: Male

Postby PebbleTrader » Wed Oct 10, 2012 2:54 pm

Very good!

Candles and lines create a different perception to us.

I use both depending on what I want to SEE...
Life is just a journey

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 9
Gender: None specified

Postby bettlebox » Wed Oct 10, 2012 2:56 pm

My only trade today. Long +22 pips. Exited on 4hr key level (50%). Made up for the lost yesterday.

4hr Analysis


1hr Analysis


15min Entry Chart


BB
Last edited by bettlebox on Wed Oct 10, 2012 3:00 pm, edited 1 time in total.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”