A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Sat Nov 24, 2012 10:10 pm

Space,

As long as I know where point a & b are, I can with 100 percent confidence know I will acquire wealth in which will travel with me until I reach my destination, point d.

:smt041
"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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Braathen
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Postby Braathen » Sat Nov 24, 2012 11:51 pm

You said "Space has nothing to do with entries"

I then said "I believe space has everything to do with entries"

I never said you didnt care about entries :D

No harm ment m8 :D

PS* I should have quoted you in the original post to avoid misunderstanding.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Postby MightyOne » Sun Nov 25, 2012 4:28 am

There might be too much crap on one chart but lets give it a try:

Image

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MightyOne
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Postby MightyOne » Sun Nov 25, 2012 4:52 am

dojirock wrote:News,

The I/T line is a bias change line. Not necessarily the entry line or area.

Revelations:

Space has nothing to do with entries. I know it has been said before, but I didn't listen. Start on the small time frames, build space to trade that time frame. The specific time frame will show you how much space you need. As you build up profitable trades, you can increase your space allowance to let you move up a time frame. Then repeat. It doesn't matter where you enter and you can trade long or short, to increase space. Thanks Mo, it only takes one little thing said the right way to finally catch on. Space on a hourly or 4hr chart can easily quadruple an account, especially for scalpers. I feel like I have finished the race and can now even trade long term.

Guys its all here in these threads, don't give up. When I feel I can add a different perspective on explaining it I will chime in.


There is no finish line :lol:

I learn something new every year.

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dojirock
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Postby dojirock » Sun Nov 25, 2012 5:01 am

Your right Mo! But im going to enjoy my self for a bit. This is life changing for me. Thank you!
"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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Postby Jalarupa » Sun Nov 25, 2012 11:11 am

MightyOne wrote:There might be too much crap on one chart but lets give it a try:

Image


I was blind... but now I see! :shock:

This is has everything you need to know...

Thank you MO !!!!

[edit] This one is definitely going to get colour printed and laminated
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby Neo88 » Sun Nov 25, 2012 11:54 am

Braathen wrote:Hi dojirock! (i have been drinking heavily this weekend and might not make sense).

So i will just throw this out here... and anyone that feels like flamming me
please do so at your own free will :D

I feel the goal of space is this "12 lots consumes more space than 04 lots so after a very short while there is a disconnect between what you are seeing on the chart and why you are placing new orders." and
"you can set pips on fire and place orders in the name of greed."-MO

So after you have chosen a strong(er) position (weekly+ extreme, large pointy place) then greed should take over. No candle stick pattern
or Boiling band should deture you from your greedy nature.
You would simply be placing orders as to accumlate space/lot sizes
before price expands either way.

"Price, on a regular bases will do 2 things.. make new highs/lows or come off them"

So this in my mind says that space has everything to do with entries.
Unless ofc your trying to align x line with your entry.

This is what i see and might be totaly wrong ;) but it sure does make sense to me :P

Back to drinking! I wish you the best of luck doji in reaching
your 100% in a week goal.. i too have this goal :D


I think the whole point of using space is to shift your focus from picking good entries to just managing space and position

In the picture below you could pick any level but your position will be always at 2737

Actually I moved my position from 2660 to 2737 before the parabolic move my entry was 2815 ; if I was thinking about picking a good entry 2815 would look like a bad entry point :wink:

Image
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore

Neo88
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Postby Neo88 » Sun Nov 25, 2012 12:03 pm

MightyOne wrote:There might be too much crap on one chart but lets give it a try:

Image


Now after I saw your chart I regret that I liquidated more than what enable me to to keep a position at 2660

I am hoping for a deep retracement :lol:
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore

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Postby newscalper » Sun Nov 25, 2012 8:34 pm

dojirock wrote:News,

The I/T line is a bias change line. Not necessarily the entry line or area.

Revelations:

Space has nothing to do with entries. I know it has been said before, but I didn't listen. Start on the small time frames, build space to trade that time frame. The specific time frame will show you how much space you need. As you build up profitable trades, you can increase your space allowance to let you move up a time frame. Then repeat. It doesn't matter where you enter and you can trade long or short, to increase space. Thanks Mo, it only takes one little thing said the right way to finally catch on. Space on a hourly or 4hr chart can easily quadruple an account, especially for scalpers. I feel like I have finished the race and can now even trade long term.

Guys its all here in these threads, don't give up. When I feel I can add a different perspective on explaining it I will chime in.


I think sometimes I'm beating my head against a wall. I KNOW what an If' then line is. my If'then line was not my entry point, was it in that trade? Don't think so!

I'm getting to the point where I thin I'll just leave the forum and carry on doing my own thing I think tbh because people keep firing stuff back that I've written directly in posts sometimes almost to the letter like I'm bloody stupid or something and also stating I'm doing certain things when patently I am NOT.

Yeah, keep telling me what I already know, it really helps...not.

I know what space is and what it isn't. And as I said about 4 months ago it certainly isn't a magic bullet for -ve expectancy.

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dojirock
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Postby dojirock » Sun Nov 25, 2012 8:45 pm

MO, one more thanks......Trendsetter NOW MAKES SENSE!!!

Awesome week!


:D
"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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