A fresh start! Doji's Trading Journal

[bettlebox]

This EurUsd i was looking for setup on the 15 min movement off the 1hr 50% level from last friday.

im looking for any comments.

[dojirock]

Hi BB,

Here is my take on it. For the biggest safest moves use the levels at the extremes. If you look on my 15 min chart that I marked up like yours...it was a fail of a higher 50 percent area at the last extreme, thus a retrace and you were thinking long after the retrace happened.

[dojirock]

That being said, even if we were thinking long, use a bullish mbar that holds before entering. As you can see it fails, and then dropping to 5 min chart shows you various places to go short. Even using the trusty macd..though a llittle late...helps ya with confluence.

hope this helps

[bettlebox]

Thanks doji , I understand.

Also I forgot to mark up fibo on 15min bar there at 50% level like you did. That would made things alot clearer. Plus there that midpoint failure again on that 15min bar(the bar to upside off the big 50% level) smh totally missed it. Attention to detail.

[newscalper]

I see people are starting to like the Aussie Yen. Anyone take the long? (not me, only just got back from a holiday and a HUGE Indian meal, too stuffed to trade )

[pp2]

2 fails is good enough for me, entered on 15 min chart and just waited
could have pinpointed an entry, but didnt feel like thinking...lol

Hi Doji, nice trade!

How are you seeing the fails, can you describe what you are looking for so that you take the trade in confidence? In that particular AJ short are you betting the fails from a 15 min candle closes on the hourly 50% momo?

[dojirock]

I like the failed 50's on 4hr the best..when a number of 4hr or 1 hr candles fail to cross the 50 line. From there look for momentum moving away from the failed line, then wait for the retrace to enter.

2 fails is good enough for me, entered on 15 min chart and just waited
could have pinpointed an entry, but didnt feel like thinking...lol

Hi Doji, nice trade!

How are you seeing the fails, can you describe what you are looking for so that you take the trade in confidence? In that particular AJ short are you betting the fails from a 15 min candle closes on the hourly 50% momo?

[bettlebox]

My E/U trades for today. They mess price all morning right up to USA opening.

I was too quick to enter on -6 pip trade (untested 5min momo) i paid the man for my impatients.

[Dan]

.

[bettlebox]

My EU trades today wish there more days like this.

Doji something has clicked in my head about the big bars and how price inter-acts with them.