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
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sun Oct 14, 2012 2:16 pm

I had people ask me why I would trade USDMXN citing its low pip value...

Image


and it is easy to read:

Image

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

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Sun Oct 14, 2012 2:30 pm

dojirock wrote: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.....

When I posted it, live and before the event. I posted the H4 supply area and said I was looking for a short. I also showed the chart dropped down to M15 where you could see M15 close below the previous close up.
Predicted is the wrong word though, I should never predict :)

User avatar
bettlebox
rank: 500+ posts
rank: 500+ posts
Posts: 733
Joined: Thu Mar 11, 2010 12:06 pm
Reputation: 0
Gender: None specified

Postby bettlebox » Sun Oct 14, 2012 4:34 pm

just incase there is confusion im not changing my screenname.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 7:14 pm

BB my friend,

Pay no worry, the work you do is outstanding. Its a path on your voyage, and is and was very simular to mine. I have reached my destination, AND YOU WILL TOO! Anything stated here on the forum cant and wont change that. I dont know if the ones that "mock" by your words, are profitable or not, nor does it matter to me. Im here to try to help you, in my way, in hopes you will understand and become profitable some day. Nothing else matters. If it wasnt for others like me, with there own way of explaining, and giving there time, I would not be where I am today. Thats enough said by me on this, Im still here to learn also, the day we stop learning is the day we start failing.
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 10:42 pm

Keeping in mind, im not trying to change the direction of my thread, but I want to make a point. It seems to me, a lot of the zline, momo, mbar traders have a great grasp on the entry. They can spot entries pretty easily and have a idea of where a stop and tp should or could be placed. I see the problem as being the higher time frame analysis for a bias.
Not having a understanding of a way to as when it could end, when it has reversed, plain and simple.

I know, nobody knows direction, and how fast or far the market will move.
Im not talking about that. Im talking about an edge. A simple bias edge.

This is one example I want to post. Yes, its using an indicator, bust my chops, I can take it. Its not one I use, BUT im trying to show it can be done for a bias. Keep opinions till the end of the next 2 post...Then fire away....all that matters to me is im making money, and able to maybe help others that cant see the bias as mainly Dragon does.

Lets start.....simple....the indi, reflects 4 times or more the length of my time frame entry. example if time frame is 15 min...use a minimum of 1 hr(15x4) as a bias.

Simple rule, (can be any rule you want) but in this case, below the 80 from above take shorts. Above the 20 from below take longs.

This is only my BIAS
Attachments
anyindi.gif
anyindi.gif (15.08 KiB) Viewed 316 times
Last edited by dojirock on Mon Oct 15, 2012 12:20 am, edited 1 time in total.
"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!"

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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 10:46 pm

Now dropping at least 4 time frames.....

Im going to use the 5 min chart....
These are trades I would have taken, had I been in front of the chart, based on MY entry rules .....

Over 200 pips...
One B/E
No Losses...

These are all longs with the bias.
I will draw up the shorts and post them shortly...

Trading can be easy.
A Plan
Discipline
Money Management

ok.....fire away... :D
Attachments
anyentry1.gif
anyentry1.gif (21.93 KiB) Viewed 330 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 10:48 pm

longs only...
Attachments
anyentry2.gif
anyentry2.gif (28.41 KiB) Viewed 328 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 11:01 pm

Bias is now bearish.....

Shorts thus far, +50 pips...

Possibly a loser of -10 at the bottom....
Attachments
anyentry3.gif
anyentry3.gif (26.65 KiB) Viewed 397 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 11:08 pm

Rest of the shorts in my bearish BIAS zone....

At least +60 pips...

I hope this makes sense now....
Attachments
anyentry4.gif
anyentry4.gif (22.03 KiB) Viewed 393 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Oct 14, 2012 11:18 pm

last bearish bias chart.....

+70 pips....
one loser at the bottom....
Attachments
anyentry5.gif
anyentry5.gif (25.3 KiB) Viewed 390 times
"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!"

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


Return to “beginners forum”