A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1141
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Thu May 09, 2013 7:40 am

Guys this is the thread to watch... well done Doji for inviting such insightful discourse and providing the support to back it up.

This thread is helping me see things in a while new light.

Thank you to all who participated I am humbled I'm your presence

Jal
"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>>

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Thu May 09, 2013 1:36 pm

Using just 15 min zlines, zline zones.....

missed e/j and u/j...they followed suit.
Attachments
audjpym5.png
audjpym5.png (57.48 KiB) Viewed 257 times
"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!"

User avatar
TygerKrane
rank: 1000+ posts
rank: 1000+ posts
Posts: 1405
Joined: Mon Jan 25, 2010 3:36 pm
Reputation: 2
Location: Long Island, NY
Gender: Male

Postby TygerKrane » Fri May 10, 2013 2:24 pm

Doji,
What kind of leverage are you using for your entries? Over the last week I saw two trades posted with huge drawdowns.

http://kreslik.com/forums/viewtopic.php?p=69611#69611

Or do you only allow the huge drawdowns after you've already accumulated some profit?

~Krane

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Fri May 10, 2013 11:52 pm

Hey Krane,

Good to see you still around. 90 percent of my trades are 15 pip sl or less. As I grow in "space" if you will I am more liberal with my emergency sl. BUT, once in a trade, if my price action tells me reversal, I close the trade no matter what. Its not worth wishing for it to come back. Had that candle your referencing had closed anywhere down below the zline, I woulld have been outta there. Hope that answers your question. I dont pay attention to R:R anymore, I look at s/d and take what I can get. I may have 3-4 small losers...like 3-6 pips each..then when I hit my trade, usually pull in 20-40 which covers all the losses plus some. I have been starting small with lots now and working on a stacking technique a friend of mine showed me. Basics are stacking on lot sizes every 5 pips when I get the run. So in short my sl's vary but they are for emergencies and based on how much space i have. I dont let my trades run to my stops unless im not watching. Zlines tell me when im wrong.
Then I get out.
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Sat May 11, 2013 5:04 am

We all go thru stages of numbness, blindness, and just the plain inability to see what price action is doing. Mix that with emotions and poor money management and you have a mess. One of my friends asked me how I could spend so many hours learning to trade the way I do? Isn't there an easier way? For me it seems simple, NOW.... but I have been thinking if I were to teach my friend with just a simple few rules, how it would look. Maybe after that connecting the dots in which price action seems to evade most would be come more visible? I want to just put a few charts up to show how simple trading can be with a few rules and some discipline. Hope this helps.
"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!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Sat May 11, 2013 5:17 am

I just pulled up a random template from my platform, called momentum and this is what it looked like... after about 5 min of observing..which I really believe is all you need to have to do to be successful at trading, I came up with this. I'm going to trade this next week with my friend in hopes of keeping it simple.

1st...rule stochs overbought or over sold are areas of interest.
once that area is reached we are going to mark the momentum chart with a trend line. Marking a indicator with trend lines often is easier to trade by than using price.

2nd..rule Take what the market gives you. When your right, price will go in your favor quickly.
Attachments
eurjpym5.png
eurjpym5.png (88.84 KiB) Viewed 160 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Sat May 11, 2013 5:22 am

2 Trades....
Attachments
eurjpym5.png
eurjpym5.png (93.5 KiB) Viewed 159 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Sat May 11, 2013 5:28 am

2 simple rules, overbought or oversold, and a trendlind on an indicator.
Attachments
eurjpym5.png
eurjpym5.png (97.03 KiB) Viewed 363 times
"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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1559
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 2
Gender: Male
Contact:

Postby dojirock » Sat May 11, 2013 5:34 am

5 min chart.... try it and post some pics...

last one...night!
Attachments
eurjpym5.png
eurjpym5.png (102.53 KiB) Viewed 361 times
"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!"

User avatar
TygerKrane
rank: 1000+ posts
rank: 1000+ posts
Posts: 1405
Joined: Mon Jan 25, 2010 3:36 pm
Reputation: 2
Location: Long Island, NY
Gender: Male

Postby TygerKrane » Sun May 12, 2013 12:13 am

dojirock wrote:Hey Krane,

Good to see you still around. 90 percent of my trades are 15 pip sl or less. As I grow in "space" if you will I am more liberal with my emergency sl. BUT, once in a trade, if my price action tells me reversal, I close the trade no matter what. Its not worth wishing for it to come back. Had that candle your referencing had closed anywhere down below the zline, I woulld have been outta there. Hope that answers your question. I dont pay attention to R:R anymore, I look at s/d and take what I can get. I may have 3-4 small losers...like 3-6 pips each..then when I hit my trade, usually pull in 20-40 which covers all the losses plus some. I have been starting small with lots now and working on a stacking technique a friend of mine showed me. Basics are stacking on lot sizes every 5 pips when I get the run. So in short my sl's vary but they are for emergencies and based on how much space i have. I dont let my trades run to my stops unless im not watching. Zlines tell me when im wrong.
Then I get out.

Yep, I'm still around. I got caught up in some side projects, and then one day realized/remembered that if I'm not pursuing trading, then it means that I'm just looking to live off of salary. So I just had to figure out how to rebalance my time.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”