A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Thu May 02, 2013 1:27 pm

Oop
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MightyOne
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Postby MightyOne » Thu May 02, 2013 2:39 pm

Space is like an abacus, its only purpose it tell you if the numbers work.

Saying that the lines of Fibo Space are rets is inaccurate and leads to a misinterpretation of their use...
it is probably better to think of them as thresholds into areas of better risk/reward ratios.

This is the skeleton...
Think of your stop loss as an entry onto a higher time frame where your entry is the best price of that period.
When you increase your position size, your entry price becomes an average (it moves) and is similar to a trailing stop on that period...hopefully you follow.

...you need to bring your own flesh.

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trueblueTEX
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Postby trueblueTEX » Thu May 02, 2013 4:14 pm

MightyOne wrote:... Saying that the lines of Fibo Space are rets is inaccurate and leads to a misinterpretation of their use...
it is probably better to think of them as thresholds into areas of better risk/reward ratios...


This is what CONSTANTLY confused the hell out of me when looking at your fib lines. You would not believe some of the crap I drew trying to make heads and tales out of it. At some point I think I said to myself... "I don't think MO means 'retracement'" ... but I still wasn't sure. :-)

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dojirock
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Postby dojirock » Thu May 02, 2013 9:17 pm

Lots of good trading ops today...

zline, enter...take the ride...
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eurjpym30.png
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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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newscalper
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Postby newscalper » Fri May 03, 2013 10:26 am

Lets see where this goes
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out

back in

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newscalper
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Postby newscalper » Fri May 03, 2013 12:14 pm

out for a small profit @ 630 on my chart


had to go out so didnt take the long - that area there was why i got out -saw my trade as being countertrend

FXfreak
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Postby FXfreak » Mon May 06, 2013 8:55 pm

My trade from today, one loser...Did I understand something wrong or was I just unlucky?

- close over short zline and a new long zline

-> LONG

:-/
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FXfreak
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Postby FXfreak » Mon May 06, 2013 9:06 pm

current trade....what do you think?
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dojirock
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Postby dojirock » Mon May 06, 2013 11:35 pm

Nope, not at all the logic is right on, but look at the pic. I marked up for you you had two zones there. It was zeroing out both zones. When this happens and I go long there and then price closes back below, you can almost always reverse your trade and get your loss back plus some.

good chart fxfreak.

dojirock

FXfreak wrote:My trade from today, one loser...Did I understand something wrong or was I just unlucky?

- close over short zline and a new long zline

-> LONG

:-/
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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!"

FXfreak
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Postby FXfreak » Wed May 08, 2013 9:43 pm

trade from today.
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