A fresh start! Doji's Trading Journal

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newscalper
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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!

Karma
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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 3463 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!"

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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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newscalper
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Postby newscalper » Fri Jun 21, 2013 6:19 pm

dragon33 wrote:easier then this is not possible

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Super chart Dragon. Thanks :D

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Postby MightyOne » Fri Jun 21, 2013 6:34 pm

newscalper wrote:
dragon33 wrote:easier then this is not possible

Image

Super chart Dragon. Thanks :D


The last leg of this weekly gold chart is nearly the same as dragon33's 15 minute chart.

It is correct to liquidate at the low of the momentum candles, but I think that we can do $1150/oz; I'll use a LIS for this one.

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dojirock
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Postby dojirock » Fri Jun 21, 2013 6:59 pm

EUR/USD trade with Dragon template

Nice trading Dragon! Awesome return.

With my stacking Im working on I will be there soon!
Attachments
eurusdm15.png
eurusdm15.png (190.22 KiB) Viewed 3291 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!"

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dojirock
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Postby dojirock » Fri Jun 21, 2013 7:17 pm

Like this for a 5 min template.

Easy to see, rules and entry.
Attachments
usdjpym5.png
usdjpym5.png (79.13 KiB) Viewed 3285 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!"

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