A fresh start! Doji's Trading Journal

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

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bettlebox
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Postby bettlebox » Fri Jun 21, 2013 12:46 pm

My EurUsd. I hope this is sign things pickup again on E/U struggled over last 2 weeks to get trades.

Hi Dragon nice to see, jsut thought you might do some more posts here got me all excited. You and doji are major inspiration.

There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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newscalper
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Postby newscalper » Fri Jun 21, 2013 1:59 pm

Still in @ 54178 - thought price may have been stalling so dropped to 5 and drew a line. Line held, still going down for now.

edit, still in @ 54083, shame I didn't put a full position on
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Karma
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Postby Karma » Fri Jun 21, 2013 3:06 pm

You should have stacked x% more of a position on at each of those lines as they were created and broken
"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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newscalper
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Postby newscalper » Fri Jun 21, 2013 3:13 pm

Karma wrote:You should have stacked x% more of a position on at each of those lines as they were created and broken

Not until Im confident with what Im doing otherwise it will be a fast route to the poorhouse

Those lines aren't 'up' lines being created to breakdownwards btw, there haven't been any on M15, the are the down lines being created which means the trend is valid down until one of them breaks up i.e. unless one of them breaks to the upside, I hold on.

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Postby newscalper » Fri Jun 21, 2013 3:58 pm

Out
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dragon33
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Postby dragon33 » Fri Jun 21, 2013 4:08 pm

easier then this is not possible

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Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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Postby Karma » Fri Jun 21, 2013 4:30 pm

What is your initial risk over what space?
"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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dojirock
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Postby dojirock » Fri Jun 21, 2013 4:46 pm

Last trade for week. Reasons I only trade one pair at a time.

No need to trade more.
When I do multiple trades, one always suffers or loses.
I got stopped out on my USD/JPY when going short on EUR/USD
I ended up being right on my USD/JPY but wasnt watching close enough to catch it.
Missed tremendous stacking opportunities on my EUR/USD trade. Only used 1 lot.
Just dont need the added stress.

Lessons that may help some. If your not successful on 5 min chart, stop. Move to a 10 min or 15 min, it makes a world of difference.
With Dragon all the way on this one, Master what the hourly is telling you!
When trading the hourly, 10 min or higher for entries... 5 min as a novice will hurt ya. (its 12 times the time frame, I like to keep it 5 or less.)
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BNStK0xCMAANJNb.png large.png
BNStK0xCMAANJNb.png large.png (254.44 KiB) Viewed 650 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!"

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dragon33
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Postby dragon33 » Fri Jun 21, 2013 5:05 pm

Karma wrote:What is your initial risk over what space?

The same like i always do.
5% on a stop of 25 max most of the time i'm out earlier
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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dragon33
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Postby dragon33 » Fri Jun 21, 2013 5:13 pm

dojirock wrote:Last trade for week. Reasons I only trade one pair at a time.

No need to trade more.
When I do multiple trades, one always suffers or loses.
I got stopped out on my USD/JPY when going short on EUR/USD
I ended up being right on my USD/JPY but wasnt watching close enough to catch it.
Missed tremendous stacking opportunities on my EUR/USD trade. Only used 1 lot.
Just dont need the added stress.

Lessons that may help some. If your not successful on 5 min chart, stop. Move to a 10 min or 15 min, it makes a world of difference.
With Dragon all the way on this one, Master what the hourly is telling you!
When trading the hourly, 10 min or higher for entries... 5 min as a novice will hurt ya. (its 12 times the time frame, I like to keep it 5 or less.)


If you succeed in what you do there is no need to trade multiple pairs. Just focus one pair and on the place where you think you can enter and see that your plan covers an eventual loss fast.
But from what i know i think that's ok with you.

You can see on my picture what the gains are, even if i had used just one entry it was good for almost 25%
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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