A fresh start! Doji's Trading Journal
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2 trades on EU in morning session. Starting to gain confidence in what im doing, now taking aggressive entries on rat trades.
First Trade i knew coming to heavy support area i wanted to see a strong 15min bar, with chance run down to 4hr zline just below, never happened took what i could get. Aggressive control of S/L on this trade.
Second trade, simple run to 4hr zline.
BB
First Trade i knew coming to heavy support area i wanted to see a strong 15min bar, with chance run down to 4hr zline just below, never happened took what i could get. Aggressive control of S/L on this trade.
Second trade, simple run to 4hr zline.
BB
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- newscalper
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arkan1976 wrote:I don´t know waht tell you MO ... Sorry.
I think what Mo is saying is that if you are trading for position like he does rather than scalping and positioning from the long term pointy place, price has already fallen too far to go short on the basis of the amount of space he's using - it's too expensive - too much space is required. - He's drawn the 2 fibs showing lot sizes he can buy/sell from his positions- and price had fallen past the red to the green meaning he could only buy at those prices and/or liquidate some of his already short positions if he was already short.
Is that right Mo?
Last edited by newscalper on Thu Nov 01, 2012 4:00 pm, edited 3 times in total.
- newscalper
- rank: 1000+ posts
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- Joined: Tue Oct 19, 2010 5:58 pm
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- newscalper
- rank: 1000+ posts
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- Joined: Tue Oct 19, 2010 5:58 pm
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dojirock wrote:Omni,
If you took all those trades, your doing great! Your lines are similar to mine. I trade mainly the 15 min chart but same principle.
Nice chart.
No, I was not live trading those. This is a new way of looking at the market for me so I'm observing as much as I can. It seems to be a more simple, less confusing and natural way to look at price compared to other ways I have used. I see this sort of price action over and over. I see it work and I see it fail, but I have to say, I see it work much more than I see it fail. I know there is an edge here somewhere.
your picture made me realise if im going to catch bigger swings i need to focus more on daily charts. I need something higher to aim for.
I currently target nearby 4hr zlines from 15min.
BB
I currently target nearby 4hr zlines from 15min.
BB
withnail wrote:Maybe this will help. Blue lines are S/D or Zlines. Fibs just to show yu where you are within the bigger range and where you are between the z line above and below price.
Cheers,
Withnail
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