A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Fri Oct 26, 2012 12:52 pm

I haven't traded this, I've just been watching - tried to post as near to live as poss but have had to reboot. Anyway, I had a theory so I stuck volume indi on the chart and watched
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Now, just trading the 1-2-3 would have done anyway, actually need to check what the trade would have done...
But what I see is price falling into the demand area quickly - big red bar but on low volume, then there's a period of high volume (yeah I know this is only broker tick volume but it still shows if that ticker is bobbing up and down like mad or not) where price hardly moves then it starts to go long, then comes back and then starts to break up long. Now lunchtime may have something to do this and I may be reading things in but it's worth a ponder. How the hourly overlay works on these charts is that the wider the hourly bar is, essentially, the faster price moved.

Edit - well it lookd like it may have just scrapped 10 pips (maybe not with spread) and there's a small pullback atm, probably out for scratch on this attempt.
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Postby newscalper » Fri Oct 26, 2012 1:23 pm

Would I have taken this next high breakout of not. I'm really not sure tbh - the nearto supply area both on H4 and H1 I find 'worrying'. It might scrap 10 pips out...

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Postby newscalper » Fri Oct 26, 2012 1:42 pm

Yeah it would have done it. Why wouldn't I have folded this one this time - it's a visual aid but the 2 MA (OMG!) didn't cross and there was no break of a low. No I wouldn't trade an MA cross. Continue to hold or fold this? Given the supply I'd be inclined to fold for 10 and wait I think.

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I don't know why I'm sitting here doing this instead of just trading it today, apart from the fact I'm also wallpapering at the same time so not fully concentrating on it. Maybe it's a Friday thing. I thought it would be a good exercise anyway. :lol:


Later edit, another 10 on the break: madness
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I know everything is pointing up at this point but I really don't know if I'd have taken that one until the supply I'd seen was broken. Hmm.

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Postby arkan1976 » Fri Oct 26, 2012 7:43 pm

Hello all, I hope this week has been very good for all.
this is my trade for today.

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arkan1976
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Postby arkan1976 » Mon Oct 29, 2012 9:20 am

Hello, start the week, the first trade has been good.
The entry was in 1min.
I keep practicing.
Cheers.
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Postby newscalper » Mon Oct 29, 2012 2:44 pm

Well, been waiting for a long but so far I haven't seen anything trade-able, just a load of sideways movement, could be accumulation but I'm well aware of the levels both below AND above, maybe the big money want to take it lower first?
There's a possible breakout to the upside but...is it going to go very far?? Hmmm :shock:
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Postby onontsira » Mon Oct 29, 2012 3:07 pm

just a load of sideways movement


Wall Street is closed today...

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Postby newscalper » Mon Oct 29, 2012 3:49 pm

Yeah, I heard - hurricane

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Postby bettlebox » Mon Oct 29, 2012 3:54 pm

My Trades on EU today.

Thank you Doji & Tony. :)

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 29, 2012 4:32 pm

congratulations BB

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