A fresh start! Doji's Trading Journal

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PebbleTrader
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Postby PebbleTrader » Sat Oct 13, 2012 11:03 am

"When things get slow or ranges shrink, and you just cant stand it...you need to trade, make a plan for it.... "

Nice!

Start positioning the pieces for an attack!

:)
Life is just a journey

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dojirock
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Postby dojirock » Sat Oct 13, 2012 6:04 pm

newscalper wrote:IME it's not as easy as everyone keeps making out. Look
Image

There was no long, it was last thing on a Friday, the trade was a short.
Where the zones are depends on how far back you're going to look - as I keep asking, how old does a zone have to be for you to still consider it valid. Zones on different timframes are all the same it's just a matter of when they occurred - compressed data innit.
Either that or previous zones are not considered at all and all that is looked at is what is happening now on the chart you are looking it with the close above close below idea.
I do see how, like Doji says, though that sticking to the one TF view can help clarify.


This is where you guys get confused....so mark the zone on the 4hr..and dont trade long into it...thats ok....your missing the point.....this is my bias chart...not entry chart....

do something to pick a bias....and then pick another time frame to use as entry....

mark some where on the chart and put a line where you can determine a direction....as long as you say the 4hr is going short...or long i dont care
you need to have a way... to see bias...then drop to smaller time frames..and zline, pattern away...sticking to your bias...

you guys seem to be wanting to read everything off one chart, with overlays causing mass confusion?
lol

keep it simple
see next chart
"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 » Sat Oct 13, 2012 7:59 pm

I have determined my bias is bullish, based on a 4hr....

Now im on the 15 min chart as entries.......going long......entry time chart...
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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 » Sat Oct 13, 2012 8:01 pm

Newscalper,

When you say "as I predicted" at what point did you determine that....???
that is the 1st part of the plan I speak of....
after knowing that..drop down time frames..and trade it...via the pattern, zlines.....
"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 » Sat Oct 13, 2012 8:03 pm

Use what ever method you want, zlines, ma cross, close over/under, stochs...just get a bias direction...
"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 » Sat Oct 13, 2012 8:06 pm

From what Dragon has taught me, when he takes trades, he has done his 4hr analysis prior to entering on 15 min... usually trading away from a 4hr zline.
Also already has a hourly mbar behind him....let me stress...hes not trading in the mbar range..it is behind him...

or should I say above or below him...
: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 » Sat Oct 13, 2012 8:07 pm

That should cover the ?? and pm?? for now.....

Im done.....going to dinner...

have a great weekend!!!
: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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Postby bettlebox » Sat Oct 13, 2012 8:15 pm

Hi Doji

I wrote this as thank you and for others to see what i am doing.

I spent 2-3 hours goin over your posts this morning and looking at my current trade plan.

I took your advice very seriously and quickly realised fudging my current trade plan is not working. I needed to construct a new trade plan based on these principles. This alone was a tough decision to make.

I have put together what i would call a bare bones trade plan, i have kept it super simple. It obviously deals with trends and but also counter trends.

3 Times frame:
:arrow: 4hr for bias (Trading away from 4hr Order Zone,zline, mightyzone what ever you want to call it, 12 EMA and TRO Price Turn Principle)
:arrow: 1hr MoMomentum - away from 1hr Order Zone,zline, mightyzone what ever you want to call it.
:arrow: 15min entry (Using the cross above cross below as you showed me)
:idea: (lower than 15mins will not be included until i happy this plan is working).
:!: (1hr chart is used but at very specific times for price transistions flat spots on 4hr)

Countertrends: based off 4 levels of confluence:
:arrow: 4hr Order Zone,zline, mightyzone (what ever you want to call it) - Based on Supply and Demand,1day and 1 week keylevels.
:arrow: TRO Price Turn Principle (if in range).
:arrow: EMA over extension.
:arrow: 15min Price Action.

Indicators im using:-
:arrow: 3 ZZ-Semafor.
:arrow: Tro Clock.
:arrow: 1 single EMA.
:arrow: Metatraders built in alarm.

No more overlays.

Tomorrow i will create new profile and new charts for above trade plan. Also create new trade journal.

I got to do whats right for my trading not what my ego is telling me. Thats what i did today massive shakedown, clear out, reorganised and streamlined tradeplan.

BB




dojirock wrote:
newscalper wrote:IME it's not as easy as everyone keeps making out. Look
Image

There was no long, it was last thing on a Friday, the trade was a short.
Where the zones are depends on how far back you're going to look - as I keep asking, how old does a zone have to be for you to still consider it valid. Zones on different timframes are all the same it's just a matter of when they occurred - compressed data innit.
Either that or previous zones are not considered at all and all that is looked at is what is happening now on the chart you are looking it with the close above close below idea.
I do see how, like Doji says, though that sticking to the one TF view can help clarify.


This is where you guys get confused....so mark the zone on the 4hr..and dont trade long into it...thats ok....your missing the point.....this is my bias chart...not entry chart....

do something to pick a bias....and then pick another time frame to use as entry....

mark some where on the chart and put a line where you can determine a direction....as long as you say the 4hr is going short...or long i dont care
you need to have a way... to see bias...then drop to smaller time frames..and zline, pattern away...sticking to your bias...

you guys seem to be wanting to read everything off one chart, with overlays causing mass confusion?
lol

keep it simple
see next 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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MightyOne
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Postby MightyOne » Sat Oct 13, 2012 9:58 pm

My setup is almost the same as yours:

07-10 minutes.
90 minutes (1.5 hours)
36 hours (1.5 days)
09 days (1.5 weeks)

Indicators: TRO's PTRN, +/- $125(x) levels ie 1250p on USDMXN, Crash Zone, & Fibo ret tool.

Analysis: body size comparisons, close over / wicks, & psychology.

Strategy: Position at pointy places, lot growth, range expansion.

Special tools: Bottle of Rum (good ideas don't come from nowhere!)

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TygerKrane
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Postby TygerKrane » Sat Oct 13, 2012 11:18 pm

Manta,
Dude, YES, there is a time and place for tough love.

Yours seem wildly misdirected right here.

~ Krane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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