A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Fri Jul 26, 2013 4:12 pm

And finish on a win but down on the day overall, got chopped to bits in the sideways crap earlier

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Fri Jul 26, 2013 4:33 pm

MightyOne wrote:
The decision to hold is based on longer term charts, not the 5 minute.

Remember that you need position at a longer term extreme if you are to hold for longer periods of time.



I hope you don't mind me posting here - also my use of fibs achieves the same end but is different to MO's ( please dont change from what you do already)

My initial trade i posted here

this is how using other peoples money to add in to the trade works

The "average" position now has effectively 55 lots riding from that line

The initial entry has gone - Why? So i could go flat to get a better use of OPM

The "average position" has EXACTLY the same risk (if hit) as when i first entered way down on my first entry
Attachments
2013-07-26_1718.png
2013-07-26_1718.png (194.07 KiB) Viewed 485 times
"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

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Fri Jul 26, 2013 8:24 pm

Not at all pug, post away...this is how we all learn.
:smt024
"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!"

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Fri Jul 26, 2013 9:23 pm

MightyOne wrote:Rule #1: Position is EVERYTHING.

It doesn't matter if you are a long term trader or a scalper.

If you place your stop within the daily range then you are just begging for people to take your money.

Rule #2: Get your lot size up

You should think of this as trailing a stop to keep risk the same and not as "adding".

You increase your size on confirmation or when you believe S/R to be false.

Image


Yeah, I get that perfectly. In that instance you're liquidating, then resizing on re-entry.
My problem is stringing any winning trades together to be able to actually do that :lol:
I wasn't stopped out once today btw, price just kept coming back and closing across my line so I got out.

vamp
rank: <50 posts
rank: <50 posts
Posts: 7
Joined: Thu Feb 21, 2013 3:51 pm
Reputation: 0
Gender: None specified

Postby vamp » Fri Jul 26, 2013 10:38 pm

Doji where can I find that ninja macd with the hop? I am very intrigued by your stack trading. I can only trade htf charts such as h4 up, or sit down for the Asia session due to my time constraints but I think this would be awesome to practice so I could trade the ltd too.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Sun Jul 28, 2013 3:11 am

I am very intrigued by your stack trading. I can only trade htf charts such as h4 up, or sit down for the Asia session due to my time constraints but I think this would be awesome to practice so I could trade the ltd too.[/quote]
Last edited by dojirock on Tue Aug 06, 2013 6:08 pm, edited 1 time in total.
"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!"

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Sun Jul 28, 2013 6:12 pm

Doji i ve gone trough all the examples of stacking and i have some questions if you wouldn t mind..

1. you mentioned this:

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.

Which dragon lines are you reffering to? 1h, 4h,...?

2. Stacking. I find it extremely usefull, if one uses it correctly, the hit% doesn t matter anymore, as losses are made with the smalles lot and profitable trades with biggest.

My question is this, do you use some kind of trade manager to have control over movement of price and do you use stop orders with stacks (stop order at x pips from original entry) or do you just push the sell/buy button when price reaches certain distance from the first entry? Also, in some examples there are 4 stacks inside 10 pips together with original entry...so no "profit buffer"...whats up with that?:)

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Mon Jul 29, 2013 3:23 am

Adding is simply moving a stop loss to keep your risk at the same level.

Once you understand that "adding" is a trailing stop then all that you need to do is come up with some method of trailing a stop and you will know how to increase your lot size.

If a retracement is not a threat of reversal & if you can increase your size while keeping your stop at the same level (liquidate/reenter) then adding is automatic.

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Mon Jul 29, 2013 7:20 am

Yes, i was looking in to trade managers, because it enables one to pre-set lot adding sequence, so basicaly all i would need to do is to push the sell-buy button and take the profit at point b.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Mon Jul 29, 2013 12:52 pm

"so basicaly all i would need to do is to push the sell-buy button and take the profit at point b."

=) ------------------> http://www.babypips.com/

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”