A fresh start! Doji's Trading Journal
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- dojirock
- rank: 1000+ posts
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- Joined: Tue Nov 17, 2009 10:11 pm
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Dan,
Sometimes when you get a blip in the broker or platform feed it messes the indi up. So I refresh it. If your referring to not seeing them on my screens, sometimes I have them shut off and others, if you look I have the ninja settings set to one thing and my macd window beneath set to another group of settings for bias, those crosses dont show up on my screen.
I think this is what you were asking?
Sometimes when you get a blip in the broker or platform feed it messes the indi up. So I refresh it. If your referring to not seeing them on my screens, sometimes I have them shut off and others, if you look I have the ninja settings set to one thing and my macd window beneath set to another group of settings for bias, those crosses dont show up on my screen.
I think this is what you were asking?
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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
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Advantages of stacking
I am finding that I love this method of MM!
example:
Entered at 1.3560 with 1 lot & and a 10 pip SL = Risking $100.00
Price moves in my favor, breaks a s/r level of some type.
add another 3 lots at 1.3572
add another 3 lots at 1.3577
Close trade at 1.3583
23 pips with 1 lot
11 pips with 3 lots
6 pips with 3 lots
Risk 10 pips/$100
Profit 40 pips/$740
I never let price reverse beyond my 2nd to last stack. Just close trade if price starts to reverse and bank the cash!
I never add to a losing trade
I am finding that I love this method of MM!
example:
Entered at 1.3560 with 1 lot & and a 10 pip SL = Risking $100.00
Price moves in my favor, breaks a s/r level of some type.
add another 3 lots at 1.3572
add another 3 lots at 1.3577
Close trade at 1.3583
23 pips with 1 lot
11 pips with 3 lots
6 pips with 3 lots
Risk 10 pips/$100
Profit 40 pips/$740
I never let price reverse beyond my 2nd to last stack. Just close trade if price starts to reverse and bank the cash!
I never add to a losing trade
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!"
"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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- rank: <50 posts
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- Joined: Sat May 25, 2013 10:29 am
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hi doji,
Thanks for explaining your stacking MM.Could you please tell what is your stoploss after you do your first addition of 3 lots.If it is at pervious entry which is 12 points away then how can the risks is only10 pips.The risk is 12x3, that is 36pip for 3 lot and and for 1 lot it is at breakeven.Risk can be 10 pips only if you move stop to 69 which is just below psychological level of 70.
Please tell where i am getting it wrong.
Thanks
Thanks for explaining your stacking MM.Could you please tell what is your stoploss after you do your first addition of 3 lots.If it is at pervious entry which is 12 points away then how can the risks is only10 pips.The risk is 12x3, that is 36pip for 3 lot and and for 1 lot it is at breakeven.Risk can be 10 pips only if you move stop to 69 which is just below psychological level of 70.
Please tell where i am getting it wrong.
Thanks
- dojirock
- rank: 1000+ posts
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- Joined: Tue Nov 17, 2009 10:11 pm
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My goal as I stack is only to risk gained profit from that trade. No matter what I stack, a $100 is all I will lose. What ever level that may be, im out. Once I reach my second stack my 1st stack becomes my stop. Its very quick and challenging, but rewarding.
trader2925 wrote:hi doji,
Thanks for explaining your stacking MM.Could you please tell what is your stoploss after you do your first addition of 3 lots.If it is at pervious entry which is 12 points away then how can the risks is only10 pips.The risk is 12x3, that is 36pip for 3 lot and and for 1 lot it is at breakeven.Risk can be 10 pips only if you move stop to 69 which is just below psychological level of 70.
Please tell where i am getting it wrong.
Thanks
Last edited by dojirock on Thu Jul 18, 2013 7:29 am, edited 1 time in total.
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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
- Gender:
- Contact:
Last trades of night
4 stacks
Screen shot right before I closed trade
+112 pips
4 stacks
Screen shot right before I closed trade
+112 pips
- Attachments
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- Untitled1.png (253.36 KiB) Viewed 3066 times
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- 2013-07-17_03-14-08.png (109.05 KiB) Viewed 3066 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!"
"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!"
- newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
- newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
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