A fresh start! Doji's Trading Journal

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

Thanks Captain, must have missed that.

It looks like I'm not zooming out enough on my charts, I missed that area altogether.

A few posts back raw posted dragons chart zoomed out in response to my question, looks like I'm getting lazy.

Hope this helps others.

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

dojirock wrote:Classic


Nice one Doji, I've been doing well with the colour change entries. Thanks again.

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.
Attachments
price.jpg
price.jpg (69.88 KiB) Viewed 722 times

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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!"

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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
(6.87 KiB) Downloaded 37 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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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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current.gif
current.gif (231.76 KiB) Viewed 431 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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MightyOne
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Postby MightyOne » Mon Jul 01, 2013 6:22 pm

I'm considering just using the 2SMA in candle form:
//---Dragon-Ashi OPEN---
//Buffer3 sets the retracement
haOpen = ((ExtMapBuffer3[pos+1]*0.0)+(ExtMapBuffer4[pos+1]*10.0))/10;

//---Dragon-Ashi CLOSE--
haClose= ((High[pos+1]+Low[pos+1]+Low[pos]+High[pos]))/4;


Image


I've also been using PebbleTrader's PT_ZigZagWithValues indicator (think Point & Figure)
Attachments
PT_ZigZagWithValues.mq4
ZigZag
(10.52 KiB) Downloaded 42 times

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