A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Sat Oct 20, 2012 10:28 pm

Image

I still get as confused as you sometimes with this but what does this look like?
Are those zline levels targets or trend reversal areas?
If price is closing below the line they are targets/potential exits and momo is still down.

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newscalper
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Postby newscalper » Sat Oct 20, 2012 10:37 pm

Dbl post, site was messed up last night
Last edited by newscalper on Sun Oct 21, 2012 9:09 am, edited 1 time in total.

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Postby bettlebox » Sun Oct 21, 2012 4:57 am

Hi News,

are these targets or trend reversals? they could be both.

If you are confused by one timeframe ie 1hr look to higher time frame 4hr and see what price is doing, has it hit anything ie 4hr mightyzone that might make you think stop n reverse.

Also look to your lower timeframe for clues as to what price is doing, do you have 15min zline to upside to indiciating that price maybe stopping and reversing/retracing.

so on my 4hr chart price just formed a 4hr momo to downside, so some retracement may be expected. But there is no evdience that price has hit any keylevels, we can say at moment price is down on 4hr.

On 15min there is no evidence of 15min zline to upside. so I remain with my bias to downside.

thats what i do.

Basically Use your full range of time frames to make an assessment of what price is doing.

Remember "THEY CAN FOOL YOU ON ONE TIMEFRAME, BUT THEY CAN'T FOOL YOU ON ALL 3." or something like that. :D

Hope that helps.
BB

newscalper wrote:Image

I still get as confused as you sometimes with this but what does this look like?
Are those zline levels targets or trend reversal areas?
If price is closing below the line they are targets/potential exits and momo is still down.
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 » Sun Oct 21, 2012 6:49 am

Do not aim to be right about direction but to be in the market with a large lot size when the range finally decides to expand.

You can only make money if you are in the market.

If you are to worry then worry about not maximizing your potential:

Position

Lot Size

Expansion

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newscalper
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Postby newscalper » Sun Oct 21, 2012 8:55 am

bettlebox wrote:Hi News,

are these targets or trend reversals? they could be both.

If you are confused by one timeframe ie 1hr look to higher time frame 4hr and see what price is doing, has it hit anything ie 4hr mightyzone that might make you think stop n reverse.

Also look to your lower timeframe for clues as to what price is doing, do you have 15min zline to upside to indiciating that price maybe stopping and reversing/retracing.

so on my 4hr chart price just formed a 4hr momo to downside, so some retracement may be expected. But there is no evdience that price has hit any keylevels, we can say at moment price is down on 4hr.

On 15min there is no evidence of 15min zline to upside. so I remain with my bias to downside.

thats what i do.

Basically Use your full range of time frames to make an assessment of what price is doing.

Remember "THEY CAN FOOL YOU ON ONE TIMEFRAME, BUT THEY CAN'T FOOL YOU ON ALL 3." or something like that. :D

Hope that helps.
BB

newscalper wrote:Image

I still get as confused as you sometimes with this but what does this look like?
Are those zline levels targets or trend reversal areas?
If price is closing below the line they are targets/potential exits and momo is still down.

You know I personally do m8 and the more you look at the more conflicting informatino you get re direction. My questino wasn't in general but to arkan - i.,e which way is momo: answer down, which was is it closing: answer down: is price above or below the line: answer below. There is no reason to go long yet. If you're combining candles you are already looking at the higher TF, no need to go up a chart.

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Postby dojirock » Mon Oct 22, 2012 4:59 am

New week! lets go!
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"A small loss is just as satisfying as a large gain" -MO
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Postby dojirock » Mon Oct 22, 2012 5:36 am

20+ pips....done for day????? could be!
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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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Postby Dan » Mon Oct 22, 2012 8:55 am

Hi Guys,
Long time lurker, first time poster. I pester doji with pm's constantly but thought i'd post as it might hopefully help someone.

I can't understand that entry at all, and I thought I had this trading style figured out.

Where is the momo, pull back, rejection to get you in or was it just a buy limit order?

Ref chart and there are a lot of question marks because I'm just blank and need answers. Doji has made it to another level and I feel like i've dropped one after this.
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Tony Montana
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Postby Tony Montana » Mon Oct 22, 2012 1:10 pm

Something is up there

Image
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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bettlebox
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Postby bettlebox » Mon Oct 22, 2012 3:16 pm

funny day i resorted to playing a simple rattrade off S/R play off daily and weekly 50% level.

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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