A fresh start! Doji's Trading Journal
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Hi Dragon
Question ref The fibo levels you marked up on the 15min bars.
Is the rule to mark the bars up:-
1) It must be a breakout swing ???
2) you then put the fibo on biggest bar in the breakout swing???
thanks. Nice trade btw.
BB
Question ref The fibo levels you marked up on the 15min bars.
Is the rule to mark the bars up:-
1) It must be a breakout swing ???
2) you then put the fibo on biggest bar in the breakout swing???
thanks. Nice trade btw.
BB
dragon33 wrote:
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
bettlebox wrote:Hi Dragon
Question ref The fibo levels you marked up on the 15min bars.
Is the rule to mark the bars up:-
1) It must be a breakout swing ???
2) you then put the fibo on biggest bar in the breakout swing???
thanks. Nice trade btw.
BBdragon33 wrote:
Yes that's correct
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
Dragon, thanks for posting your charts, they are an inspiration. I have some questions if you ll find a minute or two:
1. Where did you put SL on your first entry.
2. Was your first entry triger, after that red 15min closed below 0% of the last green 1h candle?
3. Were your second and third trades based on smaller tf PA+50% rejection of the 50% of those red momo 15min candles?
4. What was your trigger for final trade?
1. Where did you put SL on your first entry.
2. Was your first entry triger, after that red 15min closed below 0% of the last green 1h candle?
3. Were your second and third trades based on smaller tf PA+50% rejection of the 50% of those red momo 15min candles?
4. What was your trigger for final trade?
- dojirock
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BB,
Fib lines go on Momentum bars. The 0,50,100 tell you whats happening and what direction to go.
Its always about the rejection of one of those 3 lines.
When a line is not rejected, we dont jump in, we wait for rejection on the other side of that very same line then jump.
Think easy, becomes easy.
Fib lines go on Momentum bars. The 0,50,100 tell you whats happening and what direction to go.
Its always about the rejection of one of those 3 lines.
When a line is not rejected, we dont jump in, we wait for rejection on the other side of that very same line then jump.
Think easy, becomes easy.
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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Thanks Dragon & Doji
What i look for is a price stall on 15min with 5min bias in my direction and holding on 5min ema.
Another way to say this is like momentum starting to move in my direction on 5min with stall on 15min away from the lines.
Is this what you mean by "we wait for rejection on the other side of that very same line then jump."??
BB
What i look for is a price stall on 15min with 5min bias in my direction and holding on 5min ema.
Another way to say this is like momentum starting to move in my direction on 5min with stall on 15min away from the lines.
Is this what you mean by "we wait for rejection on the other side of that very same line then jump."??
BB
dojirock wrote:BB,
Fib lines go on Momentum bars. The 0,50,100 tell you whats happening and what direction to go.
Its always about the rejection of one of those 3 lines.
When a line is not rejected, we dont jump in, we wait for rejection on the other side of that very same line then jump.
Think easy, becomes easy.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
So simple that people will laugh in your face when you explain it to them.
This is similar to AU (not that it will have the same outcome):
0, 50, 100, or just eyeballing it...
If you trade what you see then all you need is a horizontal line.
When I am forced to explain how I trade to people sitting with me at the bar then I simply say:
At the end of the year there will be one highest high, one lowest low, & a range.
If you trade from one point or the other then you may capture a large portion of said range.
From which point do you trade?
Draw a horizontal line & if price is generally higher then go that way, but if it is generally lower then go the other way.
They all laugh and we silently drink our beers =)
This is similar to AU (not that it will have the same outcome):
0, 50, 100, or just eyeballing it...
If you trade what you see then all you need is a horizontal line.
When I am forced to explain how I trade to people sitting with me at the bar then I simply say:
At the end of the year there will be one highest high, one lowest low, & a range.
If you trade from one point or the other then you may capture a large portion of said range.
From which point do you trade?
Draw a horizontal line & if price is generally higher then go that way, but if it is generally lower then go the other way.
They all laugh and we silently drink our beers =)
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