A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

Postby onontsira » Fri Apr 12, 2013 11:03 am

MightyOne wrote:"Bodies show the way, wicks in the direction of loss. WickDolls." -Pariah

That is the first thing I ever said & it is really the only lesson that you need to learn as far as technical analysis is concerned.


I think I got it now. This morning I made some test on M1... not easy but good for learnning purpose.

First attempt, I thought my M30 ZL will hold, that was not the case: -3.5 pips

Second attempt, another M30 ZL, it held but didn't take my profit (I think that's what you call "advance, retreat", MO? This is where Space concept should help me :?: ). Anyway: lose -1 pip.

Third attempt on the same M30 ZL, this one is good: +18 pips.

So I'm now at +13.5 pips... with 2 loses for 1 win :P
Attachments
testeurusd12042013.GIF
testeurusd12042013.GIF (93.3 KiB) Viewed 3157 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

Postby onontsira » Fri Apr 12, 2013 1:11 pm

Must trade with limit orders!!! DD can be really small :shock:

Do you guys also trade with limits?
Attachments
testeurusdM1120420132.GIF
testeurusdM1120420132.GIF (64.65 KiB) Viewed 3132 times
testusdchfM112042013.GIF
testusdchfM112042013.GIF (75.54 KiB) Viewed 3132 times

judokamak
rank: 150+ posts
rank: 150+ posts
Posts: 162
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 22
Gender: None specified

Postby judokamak » Fri Apr 12, 2013 1:14 pm

onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

Postby onontsira » Fri Apr 12, 2013 1:28 pm

judokamak wrote:
onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order


The only risk is to miss the trade... so limits should be better...

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 70
Gender: Male

Postby dragon33 » Fri Apr 12, 2013 7:06 pm

onontsira wrote:
seacap wrote:Onontsira, what you describe here is the same method that Dragon, Es/pip, Seiden use. For example: find a demand/zl on 1h, switch to 5 min, find demand/zl there in the zone of 1h demand/zl, enter. Small risk based on 5min and good potential reward based on 1h.


Ok, so where do we place our SL?

Let me ask in another way: do we put our SL beyond the last H1 extreme (far from our entry) or beyond the last M5 extreme that made us enter?

I made a chart on 3 points. I think the answer is at 3/, but not sure...


If you enter at the point you said then i put my SL just above the wick that tested the H1. Lets say you use momentum to trade which you are doing anyway then that momentum is only broken when you get a close against you.
The question you should ask is what frame am i trading? If you trade the H1 use stops for H1 and so on.

By the way nice to see someone from the same country :P
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dragon33
rank: 500+ posts
rank: 500+ posts
Posts: 792
Joined: Thu Sep 18, 2008 2:41 pm
Reputation: 70
Gender: Male

Postby dragon33 » Fri Apr 12, 2013 7:07 pm

onontsira wrote:
judokamak wrote:
onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order


The only risk is to miss the trade... so limits should be better...


The big difference between market and limit is price. A limit order gets filled at YOUR price a market you never know ;-)
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

Postby onontsira » Fri Apr 12, 2013 10:01 pm

dragon33 wrote:
onontsira wrote:
judokamak wrote:
onontsira wrote:
Do you guys also trade with limits?


This is something i would also like to know.

-When to use limit order
-When to use market order


The only risk is to miss the trade... so limits should be better...


The big difference between market and limit is price. A limit order gets filled at YOUR price a market you never know ;-)


I think I begin to "see" quite the same as you pros do. I'd like to take the opportunity to thank you for all the great teaching you provided, and still provide here for us newbies :smt023

Was born in Menen and now live in France for a long time (in Nice 8) ), but my heart is still in vlaanderen :D

(and my brother lives in Kortrijk :smt026 )

LegendofZline
rank: 150+ posts
rank: 150+ posts
Posts: 200
Joined: Tue Jan 15, 2013 2:43 am
Reputation: 60
Gender: None specified

Postby LegendofZline » Sat Apr 13, 2013 5:09 pm

Let me see... Am I seeing it..

Larger tf Mbar breaks smaller tf zline wick the smaller tf... = entry.....?


Last week wasn't to bad still down... ugh. I must be the slowest person ever...

User avatar
onontsira
rank: 50+ posts
rank: 50+ posts
Posts: 90
Joined: Sun Jan 22, 2012 12:01 pm
Reputation: 8
Gender: Male

Postby onontsira » Sat Apr 13, 2013 6:43 pm

LegendofZline wrote:Let me see... Am I seeing it..

Larger tf Mbar breaks smaller tf zline wick the smaller tf... = entry.....?


Last week wasn't to bad still down... ugh. I must be the slowest person ever...


I would see it this way: larger TF Mbar breaks larger TF Mbar -> observe lower TF Mbar now breaking lower TF Mbar

LegendofZline
rank: 150+ posts
rank: 150+ posts
Posts: 200
Joined: Tue Jan 15, 2013 2:43 am
Reputation: 60
Gender: None specified

Postby LegendofZline » Sat Apr 13, 2013 8:12 pm

Ok thanks for clearing the up

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”