A fresh start! Doji's Trading Journal

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arkan1976
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Postby arkan1976 » Fri Dec 14, 2012 3:42 pm

Hello friends, yesterday I made 16 pips and today 19 .
I´m very grateful to Doji for his explanations.
I hope this not been luck.
Now I´m thinking in long.
Please what is your opinion about it Doji ?
Cheers.
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Karma
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Postby Karma » Fri Dec 14, 2012 3:59 pm

Arkan:

More often than not my bias for a day or week is derived from the daily or weekly candle(s)

So if you were to glance at a daily chart, or even a weekly chart this week, long would be your safest bet. Playing into that kind of time frame is what allows you to make one trade essentially, and hold it for weeks at a time
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

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dojirock
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Postby dojirock » Fri Dec 14, 2012 6:59 pm

Arkan,

your spot on....I dont think its luck either...you seem to see it...the more you practice..the better you will get at it.....

Great job
"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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es/pip
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Postby es/pip » Sat Dec 15, 2012 3:58 am

I would like to add this to this thread, just from a psychological standpoint ( which is the most important thing anyway).

I have been doing this for a long time, rarely have a losing day, pretty much never have a losing week, cannot remember the last time i had a down week.

Had a plan today based on my veiw of PA, didnt follow it. Overtraded something fierce, overtrading for me is a s**t load of trades, considering the way i trade.

Got my balls kicked in all morning long, literally couldnt do anything right.

Not going to toss numbers around, but was down a pretty good amount.

Regrouped and traded back to + a fairly large #, managed to piss that away, and go back down a fair amount.

Today for me was just "one of those days", looking back at the charts i see large $$$$$$$$$$ and i should have killed it today.

But ended up down a fair amount.

Just wanted to post this, because i feel like people look at my charts and posts and it seems like i dont go through any pain, and i just magically print money.

It is not like that everyday, i get railed sometimes just like everyone does at times.

Again, reviewing today, via looking at the charts, i am shocked that i didn't make 30% ( at least).

Instead was down 6%. Which doesn't really matter at all, was positive on the week, but sometimes s**t just happens.

I am a seasoned trader, but my ultimate goal is to be 100% emotionless no matter what happens.

I am close to that, but not 100% there, even though i have been trading for 20+ years, i still have emotions enter at times. You can look back at my thread when i called trades, see some of posts and see emotions in them.

Everyone's goal in trading, including mine, should be to get to an emotionless state no matter what happens.

Call it in the flow, a river, ZEN, or whatever the *censored - swear word* you want to call it.

The goal is to be emotionless and just trade.

I for the most part I am there, but today i let it get in my head ( which normally doesn't happen) and i paid the price for allowing that to happen.

Part of this could possibly be from sizing up considerable on the ES, but i am not sure on that, and i think it just overall was an emotional issue in general. Had some wild swings today, swings in PL that would make you vomit on yourself.

Been drinking HEAVILY since 4 ( 7hrs now), and thought i would just vent my emotional little girl s**t while i am drunk.

Moral of the story is, no matter how good, or how good you think you are, at times, the market will and can humble your ass.



8)
Bend over and assume the position for another 4 years of hope and change.

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dojirock
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Postby dojirock » Sat Dec 15, 2012 4:15 am

Nice Post es/pip,

I agree with everything you say, and believe me I'm not near where you

are emotionally in my trading career. But one thing I have learned is

when I hit that point where everything is blurred, 3-5 trades turn to

losses... in a sense a fog, I shut down the computer and walk away. The

nature of the beast will draw you in and cost you if you let it get hold of

the mind. As for this thread, there are a couple of periods where you can

see my frustration, shortly after my new found knowledge, and actually

posted I was finished for the day or week.... Accountability to this tread

and some others that I am teaching have kept me from staying in the

game when I cant be victorious mentally. If even bothers me when I go

from a 80 plus month to a 14 percent month.....but affirmations of sort get

me through it so it doesn't cripple me the next day. Trading emotionless is

a lot harder than it sounds...but can be mastered, I believe, and continue

to work on it every day. Thanks for the insight.

ps, I don't drink a lot, nor when i'm trading but I have had a couple stiff

drinks after a beating on the charts...lol
"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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es/pip
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Postby es/pip » Sat Dec 15, 2012 11:24 am

With ya on all that D Rock.

Trading emotionless is very hard to do, but it is still my overall trading goal.

And yes, drinking does ease the pain of a market ass raping, from time to time.

:D

We let emotions enter because we are human, but the market doesn't even know we exist. It doesn't know if we are up or down for the day/week. Every trade is independent of every variable that we put in our head ( emotions), and has the same odds of a win/loss regardless of what has happened previously.

Fairly hung-over, surprised i was able to even put those sentences together.



:shock:
Bend over and assume the position for another 4 years of hope and change.

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Postby forexjpn » Sat Dec 15, 2012 11:37 am

Great posts ES and Doji, you guys have both made a huge difference in a lot of traders lives here.............just want to thank you guys again.

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Postby bettlebox » Sat Dec 15, 2012 2:52 pm

Review of type trades i want to take in future, i need to become more aware of price direction on daily charts. I will make concious effort to bring these into my field of view.

1. bias change on 4hr is reflection of potiential price turn on daily.
2. check daily for held profit or zlines.
3. make attempts to hold 15min zlines trades in direction of dialy.(this may take 2-3 attempts to catch 15mins zline trade that kicksoff the movement)
4. sit back and manage the trade.

Pictures show 1day,4hr and 15min. That trade on 11th was 10 pip S/l it clocked up 210, pinpoint entry with higher time frame rewards.



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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Postby arkan1976 » Sat Dec 15, 2012 6:25 pm

thanks Dj, BB, Karma,
i´m learning so much .
Dj your idea of only trade above/below the EMA is fantastic.
Always grateful you.

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Postby dojirock » Mon Dec 17, 2012 12:10 am

The forex Christmas came early for me! I don't make it a habit of staying in

a trade over the weekend, but I am sure glad I did this week. Ten minutes

after market open, checking the i-phone, nice to see 21.2 percent added to

the account. Needless to say, I closed it immediately.



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"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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