A fresh start! Doji's Trading Journal
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- Captain Pugwash
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Re: A fresh start! Doji's Trading Journal
thanks Mira - nothing was making sense before!!
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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- Captain Pugwash
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Re: A fresh start! Doji's Trading Journal
Thanks again MIRA and DOJI- that chart Mira posted and the explanation was SO important - and was something I must admit I had sort of overlooked.
I don`t really trade like you guys - and yet your ideas are so similar in many areas- the approach of MOMO towards the origin of another MOMO in the other direction is yet another critical point (and an excellent reason NOT to take a trade - if that parameter is absent)
here is today's trade - the idea of momo approaching the origin of MOMO is really clear here
EDIT I will go back on my stats now - I reckon that I just may have been doing this anyway and that has got me a good win rate (only on this type of trade) - I am now left wondering if I could achive more with this with this knowledge
I don`t really trade like you guys - and yet your ideas are so similar in many areas- the approach of MOMO towards the origin of another MOMO in the other direction is yet another critical point (and an excellent reason NOT to take a trade - if that parameter is absent)
here is today's trade - the idea of momo approaching the origin of MOMO is really clear here
EDIT I will go back on my stats now - I reckon that I just may have been doing this anyway and that has got me a good win rate (only on this type of trade) - I am now left wondering if I could achive more with this with this knowledge
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
- Mira
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Re: A fresh start! Doji's Trading Journal
Captain Pugwash wrote:Thanks again MIRA and DOJI- that chart Mira posted and the explanation was SO important - and was something I must admit I had sort of overlooked.
I don`t really trade like you guys - and yet your ideas are so similar in many areas- the approach of MOMO towards the origin of another MOMO in the other direction is yet another critical point (and an excellent reason NOT to take a trade - if that parameter is absent)
here is today's trade - the idea of momo approaching the origin of MOMO is really clear here
2017-05-08_1733.png
EDIT I will go back on my stats now - I reckon that I just may have been doing this anyway and that has got me a good win rate (only on this type of trade) - I am now left wondering if I could achive more with this with this knowledge
You are welcome Captain!
All I know is from MO and Doji but when you start looking with your eyes... it's magic!
That pic with momentum origin was before Doji told us about the close over the previous extreme.
__________ THE IS A LIE__________
Re: A fresh start! Doji's Trading Journal
Funny to 'suddenly' come to realize its all here and always was but never really hit me.
Drew a H4 Dragon line on the chart, price failed to go up and while moving away from this extreme it broke
down the m15 momontum zone.
Funny thing how i was searching for a bias, i just stumbled upon it. Nothing fancy, just making sense at this moment and not before.
Just using the 'standard' lines of semas/zlines/50% etc..
Look how trades could have been started waiting for a momentum zone close beyond on the m5 chart, using the M15 as bias...
Perhaps finally my approach of 'making it difficult' is falling off?
Thanks guys for your patience.
Phil
Drew a H4 Dragon line on the chart, price failed to go up and while moving away from this extreme it broke
down the m15 momontum zone.
Funny thing how i was searching for a bias, i just stumbled upon it. Nothing fancy, just making sense at this moment and not before.
Just using the 'standard' lines of semas/zlines/50% etc..
Look how trades could have been started waiting for a momentum zone close beyond on the m5 chart, using the M15 as bias...
Perhaps finally my approach of 'making it difficult' is falling off?
Thanks guys for your patience.
Phil
Re: A fresh start! Doji's Trading Journal
Some trades I took based off the M15 momentum zone. It was closed below thats when i did enter.
First trade went quickly in profit, and was closed. Others we're on the retrace back to the m15 momentum zone.
Got to find out a good way of 'waiting'. Those entries we're small trades.
Had price closed above the zone WITH momentum, i would have closed those longs and reversed.
See how it just tagged the m15 momo zone instead and went down. I closed it when price was around the m15 zline.
Now i need to keep rehearsing this until it becomes boring.
Thanks doji
First trade went quickly in profit, and was closed. Others we're on the retrace back to the m15 momentum zone.
Got to find out a good way of 'waiting'. Those entries we're small trades.
Had price closed above the zone WITH momentum, i would have closed those longs and reversed.
See how it just tagged the m15 momo zone instead and went down. I closed it when price was around the m15 zline.
Now i need to keep rehearsing this until it becomes boring.
Thanks doji
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Re: A fresh start! Doji's Trading Journal
Marked up and down momentum with the zone.
Price came back and i entered twice.
Dont want to clutter up the thread doji, if you want me to remove this post, let me know.
Phil
Price came back and i entered twice.
Dont want to clutter up the thread doji, if you want me to remove this post, let me know.
Phil
- Captain Pugwash
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Re: A fresh start! Doji's Trading Journal
todays effort
The first trade was (I think) what was being shown on this thread
The second is one of my own - that said, I managed to reduce my stop thanks to the information presented here
The exits are mine based on what I think - tho the first exit i cut short for some stupid reason
Plus I took all the shite off of my charts for clarity
PS. some nice charts Phil
The first trade was (I think) what was being shown on this thread
The second is one of my own - that said, I managed to reduce my stop thanks to the information presented here
The exits are mine based on what I think - tho the first exit i cut short for some stupid reason
Plus I took all the shite off of my charts for clarity
PS. some nice charts Phil
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
- dojirock
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Re: A fresh start! Doji's Trading Journal
Phil wrote:Marked up and down momentum with the zone.
Price came back and i entered twice.
20170511.0830 - GBPJPY - M15.png
Dont want to clutter up the thread doji, if you want me to remove this post, let me know.
Phil
No please post away, your nailing it and your charts are clean and accurate. Your charts will help many here.
Thanks Phil.
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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Re: A fresh start! Doji's Trading Journal
Captain Pugwash wrote:todays effort
The first trade was (I think) what was being shown on this thread
The second is one of my own - that said, I managed to reduce my stop thanks to the information presented here
The exits are mine based on what I think - tho the first exit i cut short for some stupid reason
Plus I took all the shite off of my charts for clarity
2017-05-11_2001.png
PS. some nice charts Phil
Looking much better... can actually see the Momentum on these charts...lol
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!"
- Captain Pugwash
- rank: 500+ posts
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Re: A fresh start! Doji's Trading Journal
dojirock wrote:Captain Pugwash wrote:todays effort
The first trade was (I think) what was being shown on this thread
The second is one of my own - that said, I managed to reduce my stop thanks to the information presented here
The exits are mine based on what I think - tho the first exit i cut short for some stupid reason
Plus I took all the shite off of my charts for clarity
2017-05-11_2001.png
PS. some nice charts Phil
Looking much better... can actually see the Momentum on these charts...lol
doji
I better never again show the actual chart I trade off
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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