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
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Fri Jun 14, 2013 3:29 pm

Sure I will give it a try. I used to use space that I would accumalate to pad my stops. I dont do that anymore. Now that Im stacking and conviced its the way I want to go it has become very important that I keep my losses extremely tight. I target sl 's at recent high or low or based on the 50simple and or 8 ema... as s/d for a sl. So if I am short I would be below the 50 simple and or 8ema, if price crosses back across the 8ema im out. Its not worth it. I am usually never wrong more than twice. When Im right, well here is where it takes some mental power to stay in! The 8ema helps me with that also, a lot of trends stay above or below the 8 ema which enables me to hold out longer. Another big tip is the colored boxes on my stacking charts, look at them. Those are session trading boxes. When price makes a new high or low from previous session, it tends to be bigger moves. which helps me hold longer also. If you look at the charts where my friend stacks(i post those too) he gets 15 to 40 pips per trade.... which is right in my comfort zone. He also has me convinced one good trade per session is all it takes.
I figure if I can master this like he has, I can trade two days a week and be done. Which is very interesting to me and my style of trading.

Let me know if you need better clarification...hope this helps.





judokamak wrote:doji....can you please explain a bit about your profit taking/SL. Where or when do you close your profit position-s and how do you set your SL?
"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: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Fri Jun 14, 2013 3:30 pm

LOL glad it helps BB!

Great job, keep it going!


bettlebox wrote:Thank Doji i think i luv you lol. :)

My first 5min enter. I was already +5 pips as it crossed the first point i would enter on. I entered as price crossed the EMA in direction of profit on 5min.

:D
"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: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Fri Jun 14, 2013 3:34 pm

News, I dont use the macd blindly.... I always have an idea of where my support and resistance lines are and the macd adds strength to my trades.

For example....look at a 15 min macd cross and mark it....if it crosses up...go to 5 min and watch the chart... No shorts on 5 min....just not enough room, and a countertrend....
"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
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Fri Jun 14, 2013 3:36 pm

nah, probably made the spread back . out at that i reckon
Image

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Fri Jun 14, 2013 6:14 pm

dojirock wrote:Sure I will give it a try. I used to use space that I would accumalate to pad my stops. I dont do that anymore. Now that Im stacking and conviced its the way I want to go it has become very important that I keep my losses extremely tight. I target sl 's at recent high or low or based on the 50simple and or 8 ema... as s/d for a sl. So if I am short I would be below the 50 simple and or 8ema, if price crosses back across the 8ema im out. Its not worth it. I am usually never wrong more than twice. When Im right, well here is where it takes some mental power to stay in! The 8ema helps me with that also, a lot of trends stay above or below the 8 ema which enables me to hold out longer. Another big tip is the colored boxes on my stacking charts, look at them. Those are session trading boxes. When price makes a new high or low from previous session, it tends to be bigger moves. which helps me hold longer also. If you look at the charts where my friend stacks(i post those too) he gets 15 to 40 pips per trade.... which is right in my comfort zone. He also has me convinced one good trade per session is all it takes.
I figure if I can master this like he has, I can trade two days a week and be done. Which is very interesting to me and my style of trading.

Let me know if you need better clarification...hope this helps.





judokamak wrote:doji....can you please explain a bit about your profit taking/SL. Where or when do you close your profit position-s and how do you set your SL?


Thanks for explanation doji. Stacking looks good. From the pics, im not quite sure how you add the rest of the lots. I guess you wait until your first position is x pips in profit and you use that profit for a stacking buffer. Would that be correct interpretation?

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: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Fri Jun 14, 2013 7:27 pm

Yes, keep in mind I have a pip or s/d target in mind. Catching the move and stacking on is quick but profitable.


judokamak wrote:
dojirock wrote:Sure I will give it a try. I used to use space that I would accumalate to pad my stops. I dont do that anymore. Now that Im stacking and conviced its the way I want to go it has become very important that I keep my losses extremely tight. I target sl 's at recent high or low or based on the 50simple and or 8 ema... as s/d for a sl. So if I am short I would be below the 50 simple and or 8ema, if price crosses back across the 8ema im out. Its not worth it. I am usually never wrong more than twice. When Im right, well here is where it takes some mental power to stay in! The 8ema helps me with that also, a lot of trends stay above or below the 8 ema which enables me to hold out longer. Another big tip is the colored boxes on my stacking charts, look at them. Those are session trading boxes. When price makes a new high or low from previous session, it tends to be bigger moves. which helps me hold longer also. If you look at the charts where my friend stacks(i post those too) he gets 15 to 40 pips per trade.... which is right in my comfort zone. He also has me convinced one good trade per session is all it takes.
I figure if I can master this like he has, I can trade two days a week and be done. Which is very interesting to me and my style of trading.

Let me know if you need better clarification...hope this helps.





judokamak wrote:doji....can you please explain a bit about your profit taking/SL. Where or when do you close your profit position-s and how do you set your SL?


Thanks for explanation doji. Stacking looks good. From the pics, im not quite sure how you add the rest of the lots. I guess you wait until your first position is x pips in profit and you use that profit for a stacking buffer. Would that be correct interpretation?
"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!"

Dan
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Jul 05, 2012 9:45 am
Reputation: 0
Location: Sydney
Gender: Male

Postby Dan » Sat Jun 15, 2013 4:05 am

Doji,
where can I d/l that template you have?

Are you staying in until price comes up to an old zline or are you waiting for price to create a zline against you?

P.s 5/15min with 12ema and 1hr custom candles, trading off 1hr mightyzones is getting me 20pips a night easily. This thread is awesome.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sat Jun 15, 2013 5:11 am

Which template Dan? Let me know and I will get it for you.

Post some pics of your trades... They may help others!

doji :D
"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!"

Dan
rank: 50+ posts
rank: 50+ posts
Posts: 76
Joined: Thu Jul 05, 2012 9:45 am
Reputation: 0
Location: Sydney
Gender: Male

Postby Dan » Sat Jun 15, 2013 10:31 am

The template I'm after is the latest one you've been using with the ninja macd and also the trade info that tells you your percentages, very handy.

I struggle to find the time to even trade so it's hard right now to post here but I'll lift my game soon.

I've just marked up a chart showing the things I look for, hope this helps.

Inspired by Dragon, Doji and Mighty One (even though most of your stuff is still all riddles to me).

Any tips on how to tell when to stay in longer and when to exit would make my day. I'm just getting out at around 20 pips and waiting to re-enter.
Attachments
audusdm15.png
audusdm15.png (49.4 KiB) Viewed 319 times

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sat Jun 15, 2013 8:53 pm

This is what I use...
Attachments
PM_TradeInfo.mq4
(17.06 KiB) Downloaded 39 times
Last edited by dojirock on Tue Aug 06, 2013 6:27 pm, edited 1 time in total.
"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.


Return to “beginners forum”