A fresh start! Doji's Trading Journal

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arkan1976
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Postby arkan1976 » Thu May 30, 2013 11:45 am

Hello Doji and all.
Is correct this to see the BIAS or i´m wrong ....?

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Karma
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Postby Karma » Thu May 30, 2013 12:18 pm

I think bias should be derived from a much higher time frame
"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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Jalarupa
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Postby Jalarupa » Thu May 30, 2013 1:36 pm

Image

Okay so I've been working on some money management and have decided that locking in gains back to 2% every 4 successes in excess of 40 pips.

Here's some projections
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

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Jalarupa
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Postby Jalarupa » Thu May 30, 2013 3:14 pm

Image

Seen another way you can wait till you accumulate the necessary 100 pips target return for each level and let the math do the rest...
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

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PebbleTrader
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Postby PebbleTrader » Thu May 30, 2013 3:18 pm

Nice Jalarupa
Life is just a journey

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Jalarupa
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Postby Jalarupa » Thu May 30, 2013 3:30 pm

Thanks PT, I'm sure its very elementary compared to what you are doing in Excel.

I'm very much still a novice
Last edited by Jalarupa on Thu May 30, 2013 4:28 pm, edited 1 time in total.
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

Karma
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Postby Karma » Thu May 30, 2013 4:00 pm

I understood that you should only keep compounding your space until the plan you are executing (or move you are trading) is finished.

Once it's over you should go back to your initial x% risk and start again with a new plan and a new move to trade

Other people like to compound days, weeks, months. depending on the timeframe you trade or quantity of trades over any given period of time

But I really think trading just one move at a time with expanding risk is sensible
"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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Jalarupa
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Postby Jalarupa » Thu May 30, 2013 4:52 pm

Karma wrote:But I really think trading just one move at a time with expanding risk is sensible


Yes, you just have to pick your battles wisely ;-)
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

Trade management by <<FX SYNERGY>>
<<Bitcoin Trading>>

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dojirock
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Postby dojirock » Thu May 30, 2013 5:11 pm

Down again?
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It always takes Momentum to break Momentum!
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Postby dchappy » Fri May 31, 2013 12:22 am

Karma wrote:Is it starting to look like there is an exact candle to buy and sell at?

I've been watching this since you put it out but this has blown my mind


? Are you asking me ? or someone else ?

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