Doji Star Journal | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Doji Strategy Needs an EA for thorough Testing 9 replies

Doji Reader Indicator 16 replies

Doji indicator needed ASAP! 2 replies

MBT and doji 8 replies

Morning/Evening star and doji 5 replies

Attachments: Doji Star Journal
Exit Attachments

Doji Star Journal

  • #321
  • Edited 3:48pm Apr 16, 2008 3:35pm | Edited 3:48pm
Quoting Fxtrader
Good Luck, its nice to see trades lining up like this, as for i made my biggest mistake today. I bought GBP/JPY and didnt put a stop loss, i never trade without a stop loss, that will teach me a lesson.
Thanks! It worked out pretty well! Over 200 pips for the day.
I made a similar mistake last week by setting very large stops and as a result I lost over 600 pips in one trade! An expensive lesson to learn! My stops are back to normal now.
During backtesting I worked out the average drawdown of ALL my winning trades (at least 100) per chart and stick to these as my Stop Loss.
Alternatively, I use twice the ATR (20) for that particular chart, but this starts to get ridiculously high with the Silver charts (ATR of over 800!!).
  • #322
  • Apr 16, 2008 3:43pm Apr 16, 2008 3:43pm
Quoting Fxtrader
Been looking at the AUD/USD, am long from 0.9250 50% fib, ppz, bouncing the 200EMA on the 4hr, and 34EMA on the daily, anything can happen, we will see what happens. Did you have a good weekend Doji Star.
Me and my mates are planning to come to RSA for the World Cup, i hope to be a full time trader by then.
Manually closed my Aud/USD for a 147pip gain. On another note, well done Doji star for your trades today, i admire watching you grow as a real trader. I will be the one to tell a story when you become successful and i will be the one to tell people that it didnt happen over night, but he worked for it. Good Luck and Happy trading
  • #323
  • Apr 16, 2008 3:57pm Apr 16, 2008 3:57pm
Of the daily charts that I follow, the EU is looking good for a buy. Wanted to get in now (a little early).
Problem is my platform is down.
  • #324
  • Apr 16, 2008 4:09pm Apr 16, 2008 4:09pm
Quoting Fxtrader
Manually closed my Aud/USD for a 147pip gain. On another note, well done Doji star for your trades today, i admire watching you grow as a real trader. I will be the one to tell a story when you become successful and i will be the one to tell people that it didnt happen over night, but he worked for it. Good Luck and Happy trading
This is exactly why I love ForexFactory! So many kind, wonderfully encouraging people on one forum is hard to find!
Thanks for that,Fxtrader.
  • #325
  • Apr 17, 2008 12:28am Apr 17, 2008 12:28am
Trade #33:EU Daily long @ 1.5927
Trade #34:Gold Daily long @ 947.1
  • #326
  • Apr 17, 2008 3:08am Apr 17, 2008 3:08am
Quoting Doji Star
Trade #33:EU Daily long @ 1.5927
Good morning Doji, i am in the same long trade as well, we will see how it plays out, Anything can happen. Good Luck
  • #327
  • Apr 17, 2008 4:45am Apr 17, 2008 4:45am
Quoting Doji Star
EU Daily long @ 1.5927
Trade #34:Gold Daily long @ 947.1
Trade #33:EU Daily= +33 pips

Trade #34:Gold= +53 pips

Also made +70 pips with Silver today, but the trade doesn't count 'cos I didn't post it in real time at all.
Attached File(s)
File Type: doc Doc1.doc   178 KB | 407 downloads
  • #328
  • Apr 18, 2008 3:23am Apr 18, 2008 3:23am
Long Silver @ 18450
  • #329
  • Apr 18, 2008 4:17am Apr 18, 2008 4:17am
Quoting Doji Star
Long Silver @ 18450
Lost -162 pips.
Attached File(s)
File Type: doc Doc1.doc   149 KB | 386 downloads
  • #330
  • Edited 6:02am Apr 18, 2008 5:35am | Edited 6:02am
Got it wrong today.I'm done for the week.
+126 pips for this week(excluding that +70 pips with Silver).It's really been tough going thus far for April. Let's hope next week sees us all in some profit.
  • #331
  • Apr 18, 2008 5:38am Apr 18, 2008 5:38am
Have a good weekend Doji, we will see what next brings for us. I have made some silly mistakes this week and i am glad that the market punished me, this will teach me a good lesson. +100 pips this week.
  • #332
  • Edited 5:00pm Apr 18, 2008 2:54pm | Edited 5:00pm
Would definitely have taken this trade, but for the fact that I got burned earlier today.
Would have taken the maribozu trendline break on the 4hr.The candle that followed went down by 2549 pips!! This is the one that got away.

Forgot to add: This is one reason why my trades in Silver are short and sweet.(Come to think of it,ALL my trades are short and sweet.) Can you imagine being on the receiving end of such a spike? Too terrible to contemplate!
Silver is capable of cleaning out big accounts in one 15 minute candle.This is why I keep my stops tight ,yet reasonable and once I'm in the money, it's hit and run time with adjusting stops manually 'til I'm either stopped out or overdosing on pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: silver 4hr.gif Size: 29 KB
  • #333
  • Apr 18, 2008 3:07pm Apr 18, 2008 3:07pm
Quoting Fxtrader
Have a good weekend Doji, we will see what next brings for us. I have made some silly mistakes this week and i am glad that the market punished me, this will teach me a good lesson. +100 pips this week.
It's been difficult trading these past few weeks. Traders are still waiting to see either a resumption of current long-term trends or waiting on corrections,etc.I think we just have to hang tough,be more selective when taking trades and pounce when opportunities arise.

To still come away with over a hundred pips is great trading.

Have a great weekend Fxtrader!
  • #334
  • Edited 2:24pm Apr 19, 2008 12:55pm | Edited 2:24pm
The change lies in the bottom right-hand corner of Kitco's chart.
"Globex is a super-fast, 24 hour, around-the-clock and around-the-globe trading platform that was instituted by the Chicago Mercantile exchange.

No news reports that Globex just went into effect for gold (or silver) trading, or that it was planned to be put into effect. Hmm. A $35 price drop in gold (and a 2549 pip drop in Silver) coupled with the secretive launch of a brand new, super fast, 33 trades per second global trading platform for gold. What a coincidence!"Alex Wallenwein

Those in the know would have profitted from this yesterday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Kitco-Gold-4-17-08.gif Size: 23 KB
Click to Enlarge Name: Kitco-Silver-4-18-08.gif Size: 21 KB
Click to Enlarge Name: gold-4-18-08.gif Size: 23 KB
  • #335
  • Apr 20, 2008 12:04pm Apr 20, 2008 12:04pm
the swift and strong retracement that occured yesterday after this big drop was i think because of oil.

any comments are appreciated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #336
  • Apr 20, 2008 2:36pm Apr 20, 2008 2:36pm
Quoting salah k.
the swift and strong retracement that occured yesterday after this big drop was i think because of oil.

any comments are appreciated.
Hi Salah! Good to have you here!
I think you hit the nail on the head.
In my opinion:and it's just my opinion,remember...
PRECIOUS METALS POSITIVES:
China is building it's crude oil stockpile for the upcoming Olympics.
Nigerian rebels also sabotaged a pipeline there.
Opec alluded to cut output by 350 000 barrels per day.
Higher Crude prices will provide support for precious metals or at least prevent it from falling too far during the usual Northern Hemisphere Summer lull.
PRECIOUS METALS NEGATIVES:
US Dollar edged higher on Friday on Euro-negative comments from a European Prime Minister.
Technical picture over the medium-term for precious metals remains negative.Without an accomodative Fed (analysts give 70% odds in favour of a meagre 25 basis points cut week after next) and the normal Summer lull we may see lower price in precious metals, but the long-term picture is still very bullish.
  • #337
  • Apr 21, 2008 9:22am Apr 21, 2008 9:22am
My first real set and forget trade posted here.
Sell Silver (E-cbot) @ 17576 with set take profit @16668.
In with 4 lots. Stop Loss @ 17823.

Not trading anything else 'til this one closes.
  • #338
  • Apr 21, 2008 10:39am Apr 21, 2008 10:39am
gr8 entry but i would put my tp at 17.000 just in case
anyway mate commodity prices are not working for people any more

Im hearing cries fromo jewelry shops and other distributors that people arent buying any more because of these very high prices

i mean 1030 for gold all the way from 650 is not a joke
and 21 for silver all the way from 11 is no picnic too

i think we will witness an intervention and traders are already lurking around the corner to put their money back in dollar and sell like hell commodities and they would make one hell of a ride down.

anyway thats the word from some businesses

lets c wat happens
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #339
  • Apr 21, 2008 10:44am Apr 21, 2008 10:44am
Quoting Doji Star
My first real set and forget trade posted here.
Sell Silver (E-cbot) @ 17576 with set take profit @16668.
In with 4 lots. Stop Loss @ 17823.

Not trading anything else 'til this one closes.
Hi Doji, hope you had a nice and relaxing weekend. I have noticed that you have increased your stake, well done, and i hope you will keep compounding your profits and play with the casinos money. Good Luck
  • #340
  • Apr 21, 2008 1:52pm Apr 21, 2008 1:52pm
Quoting salah k.
gr8 entry but i would put my tp at 17.000 just in case
anyway mate commodity prices are not working for people any more

Im hearing cries fromo jewelry shops and other distributors that people arent buying any more because of these very high prices

i mean 1030 for gold all the way from 650 is not a joke
and 21 for silver all the way from 11 is no picnic too
People said this when gold went up from around 250 to 450, then again from 450 to 730 and unfortunately they'll continue to say this.I don't know how high gold will go but the ease with which gold took out the previous all-time high of 850 this year was unexpected. Also, higher oil and food prices plus a recession in the States and a global move away from the dollar all point to higher commodity prices.Countries flush with cash like China, don't really mind paying top dollar for commodities, as their population grows ,so too does their middle-class and they need commodities. They've got (can't remember the proper amount) over a trillion dollars to spend.

i think we will witness an intervention and traders are already lurking around the corner to put their money back in dollar and sell like hell commodities and they would make one hell of a ride down.

anyway thats the word from some businesses

lets c wat happens
My biggest worry with this current trade is whether or not the Stop Loss will hold.This is why I normally grab the pips and run.Trying a different approach.there is a danger that a spike up will take out the stop.There is definitely something brewing and it's anyone's guess how low commodities could go. i think a drop to lower prices is healthy in any bull market.
0 traders viewing now