A fresh start! Doji's Trading Journal
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- newscalper
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Putting it in TRO terms, for a short area, red candle closes, green candle closes, red momo candle (or series of candles) closes
So it's a close over, close under - does the first candle have to be a failed momo?
Also, how do you mark it when the breakout is not within the 0 and 50% area, often you can have a combined candle from 0 to 100 and the breakout is from a swing between 50 and 100 so there's a chance of price turning before it gets to the 50 - do you mark those, ignore them and only look for in the 50, or something else?
So it's a close over, close under - does the first candle have to be a failed momo?
Also, how do you mark it when the breakout is not within the 0 and 50% area, often you can have a combined candle from 0 to 100 and the breakout is from a swing between 50 and 100 so there's a chance of price turning before it gets to the 50 - do you mark those, ignore them and only look for in the 50, or something else?
- newscalper
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- prochargedmopar
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dojirock wrote:15 min.....
Interesting you cutting it off at the body/close.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- dojirock
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lol...your chart pic makes me dizzy!
I would mark that big run up as a longer term candle...then look left the swing would be where i mark it as a breakout.
Dont be afraid to shift time frames....15 to 30, or hourly...get a clear view....
when everything looks like clutter and choppy...move up time frames....it becomes clear....
doji
I would mark that big run up as a longer term candle...then look left the swing would be where i mark it as a breakout.
Dont be afraid to shift time frames....15 to 30, or hourly...get a clear view....
when everything looks like clutter and choppy...move up time frames....it becomes clear....
doji
It always takes Momentum to break Momentum!
"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!"
"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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Pro, just how I do it...and it works....
also remember news, looking at the lower left..you have every possible breakout marked......start visually combining them and you will see higher time frame trades on that current chart. Takes a little practice....
also...notice...when you get a valid breakout and draw the zone and it works, the point of a breakout which occurs as it leaves the zone is usually not marked.... or another way of saying it... I take everyother breakout....
alll this is learned by observing...happens all time, on every time frame.
doji
also remember news, looking at the lower left..you have every possible breakout marked......start visually combining them and you will see higher time frame trades on that current chart. Takes a little practice....
also...notice...when you get a valid breakout and draw the zone and it works, the point of a breakout which occurs as it leaves the zone is usually not marked.... or another way of saying it... I take everyother breakout....
alll this is learned by observing...happens all time, on every time frame.
doji
It always takes Momentum to break Momentum!
"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!"
"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!"
- newscalper
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dojirock wrote:Pro, just how I do it...and it works....
also remember news, looking at the lower left..you have every possible breakout marked......start visually combining them and you will see higher time frame trades on that current chart. Takes a little practice....
also...notice...when you get a valid breakout and draw the zone and it works, the point of a breakout which occurs as it leaves the zone is usually not marked.... or another way of saying it... I take everyother breakout....
alll this is learned by observing...happens all time, on every time frame.
doji
Yeah - I'm combining candles anyway to make the zones I put on the chart I posted - so the one from the run up you'd mark as the breakout of the swing high, that's cool. - So when price returned there you were looking for long but price was already creating other zones down?? and went straight through it. Then all the way down, again combining candles, which is what I did, it makes all of those zones going down, firstly it creates one when a singular candle breaks out (that is all you can see at the time), and then later another one if there is a run. Zones are created all the way down on that run - I've showed most of them. You waited for a trade to go short where that spike was but to get to that zone it had to pass through several others - why didn't you try for short in any of those zones at that point in time and that one in particular? I know it's not a 'first hit' thing as you've marked other charts taking more than one entry from a zone.
- dojirock
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newscalper wrote:dojirock wrote:Pro, just how I do it...and it works....
also remember news, looking at the lower left..you have every possible breakout marked......start visually combining them and you will see higher time frame trades on that current chart. Takes a little practice....
also...notice...when you get a valid breakout and draw the zone and it works, the point of a breakout which occurs as it leaves the zone is usually not marked.... or another way of saying it... I take everyother breakout....
alll this is learned by observing...happens all time, on every time frame.
doji
Yeah - I'm combining candles anyway to make the zones I put on the chart I posted - so the one from the run up you'd mark as the breakout of the swing high, that's cool. - So when price returned there you were looking for long but price was already creating other zones down?? and went straight through it. Then all the way down, again combining candles, which is what I did, it makes all of those zones going down, firstly it creates one when a singular candle breaks out (that is all you can see at the time), and then later another one if there is a run. Zones are created all the way down on that run - I've showed most of them. You waited for a trade to go short where that spike was but to get to that zone it had to pass through several others - why didn't you try for short in any of those zones at that point in time and that one in particular? I know it's not a 'first hit' thing as you've marked other charts taking more than one entry from a zone.
I am usually still in a trade and there is not enough room to add to my position without jeopardizing my profit...
or
Im focused on a higher zline to be zeroed out. It is usually everyother zline I focus on. because a zline is formed upon leaving an area that WAS just zeroed out. Thus I dont take every breakout and zline, usually every other one.
doji
It always takes Momentum to break Momentum!
"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!"
"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!"
- dojirock
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Well up 56 pips in the early hours!
Went to bed feeling pretty good. For some reason and I cant figure out why for the life of me this morning, I was paralyzed bullish.
I wont even try to explain this pic...im sure you can figure out what happened.
takin the rest of the day off!
Went to bed feeling pretty good. For some reason and I cant figure out why for the life of me this morning, I was paralyzed bullish.
I wont even try to explain this pic...im sure you can figure out what happened.
takin the rest of the day off!
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It always takes Momentum to break Momentum!
"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!"
"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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Thank you for your support.
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