A fresh start! Doji's Trading Journal

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bettlebox
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Postby bettlebox » Wed Jun 26, 2013 6:55 pm

Mo

I notice this more chart time i get and how simplier things are becoming. There seems to be relationship to chart time and methods and confidence.

Im finding this process very interesting in its self.

BB


MightyOne wrote: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):

Image


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 =)
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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pp2
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Postby pp2 » Thu Jun 27, 2013 7:44 am

Agreed! A very nice simple way of looking at things MO, examples of GU ...

Image

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And you don't need it but if you add blubbs custom candle and highlight the momo you can see bodies and wicks easier

Thanks for keeping it simple MO and all ;)

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dragon33
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Postby dragon33 » Thu Jun 27, 2013 9:44 am

judokamak wrote: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. I have a standard SL of 25 if stop is bigger then i adjust the size i trade with
2. Started an order just below the fibs after rejection of the 50%. The small H1 and the higher frame indicated a possible turn. Told earlier in the week the price will fall further.
3. All my entries are based on the fibs, this is several years now. Works like a charm ;-)
4. again rejection of one of the lines and there was room to do it.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

seacap
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Postby seacap » Thu Jun 27, 2013 9:58 am

Nice trading guys.
I am trying to see what you guys do.
Below are AUDUSD 1h and 15m charts. I went long 3 times and got stopped out on every try. Any comments?
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audusd.PNG
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Dan
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Postby Dan » Thu Jun 27, 2013 10:57 am

.
Last edited by Dan on Sun Aug 15, 2021 11:22 am, edited 1 time in total.

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Dan
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Postby Dan » Thu Jun 27, 2013 11:01 am

.
Last edited by Dan on Sun Aug 15, 2021 11:23 am, edited 1 time in total.

Dan
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Postby Dan » Thu Jun 27, 2013 11:33 am

.
Last edited by Dan on Sun Aug 15, 2021 11:24 am, edited 1 time in total.

raw
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Postby raw » Thu Jun 27, 2013 2:53 pm

If this is what you mean... Previous H1 supply.
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seacap
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Postby seacap » Thu Jun 27, 2013 3:30 pm

4 losses in a row... :cry:
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pp2
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Postby pp2 » Thu Jun 27, 2013 3:42 pm

seacap, sorry for the losses bud, goes with the game :)

Look at D or H4 history, you'll see a swap level around 0.932xish for the downside. History is important and not just the present 'trend'

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