A fresh start! Doji's Trading Journal
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dojirock
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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.
It always takes Momentum to break Momentum!
"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!"
"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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dojirock
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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.
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.
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- eurjpym5.png (88.84 KiB) Viewed 2482 times
It always takes Momentum to break Momentum!
"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!"
"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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dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
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2 simple rules, overbought or oversold, and a trendlind on an indicator.
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- eurjpym5.png (97.03 KiB) Viewed 2727 times
It always takes Momentum to break Momentum!
"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!"
"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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dojirock
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5 min chart.... try it and post some pics...
last one...night!
last one...night!
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- eurjpym5.png (102.53 KiB) Viewed 2736 times
It always takes Momentum to break Momentum!
"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!"
"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.
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TygerKrane
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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.<!
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dojirock
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Price is ranging today, so I am moving up a couple time frames... looking for the bigger move.
- Attachments
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- eurusdh1.png (68.42 KiB) Viewed 3680 times
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- eurusdm15.png (62.66 KiB) Viewed 3680 times
It always takes Momentum to break Momentum!
"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!"
"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!"
-
dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
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Sorry, with the new take pic on mt4 it always scrolls the chart right so you couldn't see my notes. The blue line is a 30 min entry line and the brown line is an hourly line. Im long, staying long if it breaks the hourly line.
It always takes Momentum to break Momentum!
"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!"
"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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PebbleTrader
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