A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 4:41 pm

pariah wrote:sell?


Half of the learning experience is applying what you have learned :lol:

Everyone can see a 1-2-3 small-larger-larger & large-smaller-smaller, it is what it is.

Everyone can see price close over or under something, it is what it is.

Reach down and grab your balls man :lol:
life is about learning from mistakes, not about being perfect :wink:

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Postby lazygeorge » Tue Apr 09, 2013 4:41 pm

Just a brainstorm....:)

what do you think MO :)
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MightyOne
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Postby MightyOne » Tue Apr 09, 2013 4:47 pm

lazygeorge wrote:Just a brainstorm....:)

what do you think MO :)


yeah, but I will add a golden rule:

-the shorter the time frame the more willing you should be to take action WHEN you see something instead of waiting for the perfect price.

When using space, it is not about the entry but whether or not you can afford 00.
It is not about "adding", at x price, but where you want to keep/move 00.

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Postby lazygeorge » Tue Apr 09, 2013 4:52 pm

MightyOne wrote:
lazygeorge wrote:Just a brainstorm....:)

what do you think MO :)


yeah, but I will add a golden rule:

-the shorter the time frame the more willing you should be to take action WHEN you see something instead of waiting for the perfect price.

When using space, it is not about the entry but whether or not you can afford 00.
It is not about "adding", at x price, but where you want to keep/move 00.


:)

Of course,goes without saying, its all about the placement of 00

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Postby MightyOne » Tue Apr 09, 2013 5:11 pm

lazygeorge wrote:Just a brainstorm....:)

what do you think MO :)


Image


It is ok to search for S/D, but you should not actively draw S/D in front of your orders when in a trade, especially as a novice trader.

All S/D will do for you is stop you from getting anywhere on the chart.

As you become more skillful, you can use it for take profit areas and fine tuning entries; which usually means either more lots per trade or completely missing out on the move or fewer lots in a desperate attempt to get some piece of the move :lol:

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Postby MightyOne » Tue Apr 09, 2013 5:17 pm

The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

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Postby newscalper » Tue Apr 09, 2013 5:37 pm

MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?

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Postby MightyOne » Tue Apr 09, 2013 5:46 pm

newscalper wrote:
MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?


:)

I avoid OPEN and CLOSING prices for their randomness.

Both the 1 MA and 4 SMMA are HL/2

One interesting fact about SMMA's is that they are almost identical between shifts :shock:

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Postby MightyOne » Tue Apr 09, 2013 5:56 pm

My new path was inspired by dchappy's thread:

http://kreslik.com/forums/viewtopic.php?t=2968&start=0

Just goes to show that we all learn things by watching one another; it is not completely one sided.

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Postby newscalper » Tue Apr 09, 2013 6:47 pm

MightyOne wrote:
newscalper wrote:
MightyOne wrote:The 4 SMMA is as tight as Spandex; only the midpoint can stay above/below it ;)

you mentioned pivots on that before - are you using it HLC/3?


:)

I avoid OPEN and CLOSING prices for their randomness.

Both the 1 MA and 4 SMMA are HL/2

One interesting fact about SMMA's is that they are almost identical between shifts :shock:

Ah, ok. Thanks.

it's essentially an approximation of the next TF up HL/2 then like a MTF Dragon Ashi

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