A fresh start! Doji's Trading Journal

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dchappy
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Postby dchappy » Wed Jul 24, 2013 5:58 pm

dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


P.S. The only bias I trust . Is "what is the macd telling me right NOW "

In short term trading , nothing else matters ......

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judokamak
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Postby judokamak » Wed Jul 24, 2013 8:51 pm

dojirock wrote:Thats it raw, by never stacking on a losing trade, and stacking like heck when your right, magnifies your r:r tremendously. How much exactly? Who cares! Its different with every trade. Once good trade can wipe out 5 bad ones easily.

The macd, hopper is to help people struggling with price action on whcih mbars count and which dont. Bias isnt difficult. Then combining with dragon lines and it doesnt get any better.

doji :)



Which dragon lines do you mean Doji...from what tf-s?

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newscalper
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Postby newscalper » Wed Jul 24, 2013 9:03 pm

dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


Because I've sat and watched the MACD on renko, a lot. On that chart, which is a 5 pip renko the long would have been a loss, you'd have missed the short that I made money on and when you finally got in short with the macd cross you'd have lost again. That's why.

dchappy
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Postby dchappy » Wed Jul 24, 2013 10:03 pm

newscalper wrote:
dchappy wrote:
newscalper wrote:Nah, closed it. reckon I'm wrong for now


New's ....I think you are making it way too hard .

Look at your last chart .( looks like a renko or range to me ).

Why not enter when the macd line (blue ) crosses zero .

Then either exit when a bar closes against you , or as I do ,

exit when the macd line (blue ) , crosses the slow line .

If you are going to use the macd . You must trust what it is telling you .

Maybe try just using the macd , on your chart , nothing else , no

price bars ,pivots , nothing else . Try a day or 2 on demo and see if

it helps .

I,m a scalper , so I use a small range chart ..usually 5 ticks on a

range or renko chart .

Just trying to help ....

:)


Because I've sat and watched the MACD on renko, a lot. On that chart, which is a 5 pip renko the long would have been a loss, you'd have missed the short that I made money on and when you finally got in short with the macd cross you'd have lost again. That's why.



Hmmmmm...OK Then 8)

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newscalper
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Postby newscalper » Wed Jul 24, 2013 10:23 pm

Image

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dchappy
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Postby dchappy » Wed Jul 24, 2013 10:34 pm

I see 3 or 4, 5 pip wins and maybe 1 breakeven . scalping this 5 pip chart I

would only be looking for small 5pip trades . You don't need a lot of pips each day to make a good living .

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newscalper
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Postby newscalper » Wed Jul 24, 2013 10:41 pm

LOL. You're kidding?
If criteria for exit is one against they don't even make the spread m8

dchappy
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Postby dchappy » Wed Jul 24, 2013 10:54 pm

Nope , I,m not kidding at all .

set a 5 pip tp at entry and enter at a cross ,


.

FXfreak
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Postby FXfreak » Thu Jul 25, 2013 5:58 am

anybody trading now? i'm long eu 1.3210, sl at -2

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dojirock
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Postby dojirock » Thu Jul 25, 2013 6:04 am

He's not kidding.

Use logic.

10-12 pip SL
4 Pip Renko
Breakouts, stack the crap out of a trade

Very Easy if you have time and patience.

I trade this pair like this. (low spread)
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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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