A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Mon Oct 22, 2012 3:55 pm

Now that was simple to see, eh?
reversed mbar breakout on higher time frame......crossing the ema......
then we know price will retrace to the lower side of the ema.....
start marking the highs...
get in on the break.

Nice one BB
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"Sometimes we need to stop learning and start thinking...."
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Postby dojirock » Mon Oct 22, 2012 4:01 pm

Dan wrote: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.


Hi Dan...yes that is support....breakout up....over the ema..price returns into support with a mbar(my favorite ones) enter...
yes it crossed the line.... make your line a 10pip zone and your set....
(thats not a hardfast rule..) a solution...
look howmany times trades do this....its a zone...line is there for reference..

your line on the left...wrong...mark the breakout...there are to of them....
again ..a zone....
price crossed the ema down...returns....back above.....ema....enter...

see?
doji
"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 » Mon Oct 22, 2012 4:24 pm

Oh yes.

Thanks doji

dojirock wrote:Now that was simple to see, eh?
reversed mbar breakout on higher time frame......crossing the ema......
then we know price will retrace to the lower side of the ema.....
start marking the highs...
get in on the break.

Nice one BB
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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Postby arkan1976 » Mon Oct 22, 2012 7:20 pm

Please, in this situation, what do you think, short or long ?


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Postby arkan1976 » Mon Oct 22, 2012 8:33 pm

Finally I decided to think in short ....

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Postby arkan1976 » Mon Oct 22, 2012 8:37 pm

and obviously I was wrong

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Postby Karma » Mon Oct 22, 2012 9:30 pm

You were right originally, but you missed the boat

If you had shorted on the 1h chart from the white lines, against the herd

you would have made nice points
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Postby arkan1976 » Mon Oct 22, 2012 10:16 pm

but, the bias was bearish, no ?

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Postby es/pip » Mon Oct 22, 2012 10:36 pm

Karma said it above.

Not saying you cant short there but after the below happens you have to be tight with it and or be long biased.


Try and feel what is happening based on what the other traders are doing, and where they are positioned.

Image

Image

I was thinking the below. Dont get me wrong, I for sure took a few in the ass today as well. All worked out ok though. 8)

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Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Mon Oct 22, 2012 10:41 pm

When i say biased i mean overall.

I will be short biased at times and only trade long. That may be due to not getting a good retrace to get short and just fading the herd on the moves or whatever.

But when i trade against the biggger picture i am real tight with the trade and will take a BE or -1 2 or whatever, long before i will take a full stop.

Not really sure how to explain it, other than you just need to try and feel the other traders and what they are doing.

Then see where they get fckd and fade them.
Bend over and assume the position for another 4 years of hope and change.

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