Dharma Bum's On The Road Journal

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Old Jul 16, 2008, 11:20pm   #1
Joined Jul 2008
Thumbs up Dharma Bum's On The Road Journal

Hello Friends!

I'll be starting my newbie trading journal here
for fun, (hopefully) profit and to help keep myself
honest. LOL
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Old Jul 17, 2008, 3:59am   #2
Joined Jun 2008
Rock out DharmaBum!
Are you a buddhist?

What do you trade?
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Old Jul 17, 2008, 6:16am   #3
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Originally Posted by Mr.J-Arthur View Post
Rock out DharmaBum!
Are you a buddhist?

What do you trade?
Hello my friend!

Yes! I try the best I can to be.

I'm a newbie demo trading forex (E/U) right now.
I hope to be able to develop the skills to
apply to futures as well.

I'll try to post some trades shortly.

Best of trading to you!
DB
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Old Jul 17, 2008, 9:29am   #4
 
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Old Jul 17, 2008, 9:41am   #5
Joined Jul 2008
DharmaBum started this thread Most Excellent, Yellowlion!

Best to you as well!
DB

Here's a nice shot of how nicely range bars together
with HA candles can help identify trending early.
I use the Parabolic for the actual entry signal.
Got some nice quick pips on this run a few minutes ago.

Click the image to open in full size.
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Last edited by DharmaBum; Jul 17, 2008 at 10:22am.
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Old Jul 17, 2008, 9:56pm   #6
Joined Jul 2008
DharmaBum started this thread I thought that I'd provide links to info about
the three components of the setup that I'm
using here to monitor the E/U market:

*Range Bars

*HA Candles

*Parabolic

I started with the observation of price action and put these elements
together to help me identify the type of market activity that I'm looking
to trade. It's a setup for discretionary trading that helps identify
potential opportunities and then helps to closely monitor the position
once it's established. Not some kind of HG or even a system.

It's my belief that traders should know what they are looking for and
not rely on indicators or systems to generate signals for them to follow.
But, to each their own. I'm just a newbie with my head full of ideas.
The acid test of live trading is yet to come. That said, I feel comfortable
and confident in my philosophy and approach. It will take time and effort
to gain the experience needed for it to pay off!

If I'm writing this to myself only - no problem.

If anyone reads it - Good trading to you!
DB
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Old Jul 17, 2008, 10:17pm   #7
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DharmaBum started this thread Quick pips taken a few minutes after last post.
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Old Jul 18, 2008, 9:12am   #8
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DharmaBum started this thread Just a few pips right around London open.

Just showing how I use Parabolic to give
an idea about possible entry opportunity.

It's the quality of the price action itself
though, that gives me the "go" signal.

BTW: Just because I've only posted wins,
don't worry, many are the losses! But, getting
better slooowly.
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