A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Thu Jul 18, 2013 2:43 am

A/U and U/J
7 stacks
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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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dojirock
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Postby dojirock » Thu Jul 18, 2013 2:53 am

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
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!"

trader2925
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Postby trader2925 » Thu Jul 18, 2013 6:36 am

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

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dojirock
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Postby dojirock » Thu Jul 18, 2013 7:23 am

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!"

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dojirock
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Postby dojirock » Thu Jul 18, 2013 7:26 am

Last trades of night
4 stacks
Screen shot right before I closed trade
+112 pips
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Untitled1.png
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2013-07-17_03-14-08.png
2013-07-17_03-14-08.png (109.05 KiB) Viewed 360 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 newscalper » Thu Jul 18, 2013 7:42 am

Got shafted
Image

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Postby newscalper » Thu Jul 18, 2013 9:01 am

Entry 1
Image

This is why
Image

yes I do see the previous supply to the left


edit..breakout and price 1atr in my favour, position added

Dan
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Postby Dan » Thu Jul 18, 2013 9:46 am

dojirock wrote: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?


Yes the refresh fixes it, thank you.

If you were trading the 15 min t/f, what would your ideal settings be in bottom macd (the standard mt4 version) and the ninja macd if you don't mind me asking?

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Postby Dan » Thu Jul 18, 2013 10:08 am

News, that looks like a nice set up. good luck.

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Postby newscalper » Thu Jul 18, 2013 10:18 am

Order 3 triggered
Image

Full size now on, 3 orders approx 1ATR apart. Igbnore the channels - nought to do with entry, they're there for monitoring position later if this thing gets to break even.

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