A fresh start! Doji's Trading Journal

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MightyOne
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Postby MightyOne » Thu Aug 01, 2013 3:49 pm

At a minimum, your stop should rest on the extreme of the last 24 hours.

You should only (momentarily) place your stop within the daily range for 2 reasons:
a) you are trading minimum size (3-5 units) with a 10-15 pip stop; not to consume more than 1/3-1/2 of your total risk space.
b) you increased your size and need to normalize risk.
c) you have nunchuck skills =)

I start with position on a long term extreme and trade from 2 minute charts (& yes, I delay my own data by 3 seconds).

From there I might have a ZL setup:

Image


or the strong rally may have brought me to within range of an even higher extreme on a multiday chart...
just start by trading the small chart with a longer term extreme.

If you have a long term extreme then you can turn your short term trades into anything, but if you only have short term extremes then you leave yourself with few options.

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TheRumpledOne
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Postby TheRumpledOne » Thu Aug 01, 2013 10:32 pm

Hey MO, when did you plot those horizontal lines? Is this a BEFORE, DURING or AFTER chart?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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dojirock
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Postby dojirock » Fri Aug 02, 2013 2:36 am

Hey Tro! Good to hear from you!
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 » Fri Aug 02, 2013 2:59 am

I'm not sure which lines you are referring to...

The black lines is just the zero line/area and they cannot be drawn too differently than what you see.

Position is always the same (from daily/multi-day extremes) and the fibo lines just tell me how many lots that I can afford (4,6,8,or 12 units) at x price.

I started watching the UJ the day prior when doji started posting pictures on the prev. page.
Last edited by MightyOne on Sat Aug 03, 2013 5:12 am, edited 1 time in total.

Apu N.
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Postby Apu N. » Fri Aug 02, 2013 5:48 pm

MightyOne wrote:I'm not sure which lines your are referring to...

The black lines is just the zero line/area and they cannot be drawn too differently than what you see.

Position is always the same (from daily/multi-day extremes) and the fibo lines just tell me how many lots that I can afford (4,6,8,or 12 units) at x price.

I started watching the UJ the day prior when doji started posting pictures on the prev. page.


Hey MO,

What is the indicator you are using to overlay prices on your chart?

Is it a variation of the Heikin-Ashi? Whatever it is, where can I find it?

Thanx for any reply

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roctao
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Postby roctao » Sat Aug 03, 2013 5:10 am

Hey Apu,

Here is the link to MIGHTY ONE 2013. Where MO presented and explains the ideas.

http://kreslik.com/forums/viewtopic.php ... 1744f87598
Last edited by roctao on Sat Aug 03, 2013 5:12 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Sat Aug 03, 2013 5:10 am

:)
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2SMA
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MightyOne
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Postby MightyOne » Sat Aug 03, 2013 5:14 am

Apu N. wrote:
MightyOne wrote:I'm not sure which lines your are referring to...

The black lines is just the zero line/area and they cannot be drawn too differently than what you see.

Position is always the same (from daily/multi-day extremes) and the fibo lines just tell me how many lots that I can afford (4,6,8,or 12 units) at x price.

I started watching the UJ the day prior when doji started posting pictures on the prev. page.


Hey MO,

What is the indicator you are using to overlay prices on your chart?

Is it a variation of the Heikin-Ashi? Whatever it is, where can I find it?

Thanx for any reply


It is simply the 2SMA displayed as bodies over price bars.

Apu N.
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Postby Apu N. » Sat Aug 03, 2013 7:09 am

MightyOne wrote:
Apu N. wrote:
MightyOne wrote:I'm not sure which lines your are referring to...

The black lines is just the zero line/area and they cannot be drawn too differently than what you see.

Position is always the same (from daily/multi-day extremes) and the fibo lines just tell me how many lots that I can afford (4,6,8,or 12 units) at x price.

I started watching the UJ the day prior when doji started posting pictures on the prev. page.


Hey MO,

What is the indicator you are using to overlay prices on your chart?

Is it a variation of the Heikin-Ashi? Whatever it is, where can I find it?

Thanx for any reply


It is simply the 2SMA displayed as bodies over price bars.


Hey MO, thanx man.

Simple but effective :D

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bettlebox
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Postby bettlebox » Sat Aug 03, 2013 9:52 pm

Hi Doji

I been looking into MACD Hopper thing. Im surprised how often the signals are close to the setups. Not always but more often than not.

What im thinking is alarms that could alert potiential trade setups.
when a trigger finger occurs or Hop.

what do you think?

sorry if this something covered already havent read the pass posts.
BB
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