A fresh start! Doji's Trading Journal

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Captain Pugwash
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Postby Captain Pugwash » Fri Jun 28, 2013 8:43 am

Dan wrote:Bad luck and bad trading on the entry t/f's I guess.

First negative week for a while.


Have a look at Withnails post above mate
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Dan
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Postby Dan » Fri Jun 28, 2013 10:14 am

.
Last edited by Dan on Sun Aug 15, 2021 11:26 am, edited 1 time in total.

Dan
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Postby Dan » Fri Jun 28, 2013 10:19 am

.
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raw
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Postby raw » Fri Jun 28, 2013 2:35 pm

Seacap

S/D areas are not static. Momentum 'changes the state' of prices creating new s/d areas.

I've marked up your chart. New s/d areas created and/or respected.
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MightyOne
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Postby MightyOne » Fri Jun 28, 2013 6:30 pm

seacap wrote:
"... In this case you need a big move to profit because your SL is large in terms of pips.
So if we are short from that 130.00 daily/weekly extreme, where do we close our position? Should we close it ang go long from this new 126.5 low extreme? Or should we leave our short in hope of move to 125?..."


The extreme at which your stop is placed is the period that you are trading.

You don't need pips more than you need a good position and larger lot size; position is your measure of safety and size is what makes money.

When you trade short term charts, you should trade about 50% larger and aim to take profits quickly.
When you have good position then you should focus on accumulation where your position naturally trails the extremes as you add to your lot size.

Don't worry about risk reward ratios as maxing out your lot size takes care of that automatically.

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dojirock
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Postby dojirock » Fri Jun 28, 2013 7:08 pm

MightyOne wrote:
seacap wrote:
"... In this case you need a big move to profit because your SL is large in terms of pips.
So if we are short from that 130.00 daily/weekly extreme, where do we close our position? Should we close it ang go long from this new 126.5 low extreme? Or should we leave our short in hope of move to 125?..."


The extreme at which your stop is placed is the period that you are trading.

You don't need pips more than you need a good position and larger lot size; position is your measure of safety and size is what makes money.

When you trade short term charts, you should trade about 50% larger and aim to take profits quickly.
When you have good position then you should focus on accumulation where your position naturally trails the extremes as you add to your lot size.

Don't worry about risk reward ratios as maxing out your lot size takes care of that automatically.
:D
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!"

Apu N.
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Postby Apu N. » Sat Jun 29, 2013 2:58 pm

dojirock wrote:Finally, had the nerve
STack, Stack, STack!

Love days like this! Need more of them!



Hey doji, what is the combined candle indicator(s) are you using for this "dragon" style template??

I think you are doing a great job with the thread BTW

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dojirock
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Postby dojirock » Sat Jun 29, 2013 5:08 pm

Here you go....
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candles_m-Candles_m_TRO_Modified.mq4
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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!"

Apu N.
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Postby Apu N. » Sat Jun 29, 2013 8:53 pm

dojirock wrote:Here you go....


Thanx again!!! :D

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dojirock
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Postby dojirock » Mon Jul 01, 2013 6:00 pm

One minute trade

:D
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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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