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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This pic is like art! I really want to go back to scalping when I see this stuff, but really need to resist and keep heading towards MO land!
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- doji2.gif (53.78 KiB) Viewed 2902 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!"
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- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
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"Entry doesnt matter" I have know idea what that means, how can it not matter.....
anyways, I went short, up about 50 something pips now........how do I incorporated "Space" into this? I am currently short with 1 lot. It sounds like to me you dont care about where the entry is, by utilizing space you manage your trade till its what? Im lost. Maybe my hangup is, Space is a different concept and cant be used while scalping?
my success rate with time charts bigger than 4hrs is less than 20....
can I even use space?
If I close this trade now, and say $500 profit...gives me some space right?
Space builds up staying power to goto higher time frame charts...what direction? I dont know! Any help here please??
dojirock
anyways, I went short, up about 50 something pips now........how do I incorporated "Space" into this? I am currently short with 1 lot. It sounds like to me you dont care about where the entry is, by utilizing space you manage your trade till its what? Im lost. Maybe my hangup is, Space is a different concept and cant be used while scalping?
my success rate with time charts bigger than 4hrs is less than 20....
can I even use space?
If I close this trade now, and say $500 profit...gives me some space right?
Space builds up staying power to goto higher time frame charts...what direction? I dont know! Any help here please??
dojirock
- Attachments
-
- mo1.gif (23.93 KiB) Viewed 2808 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!"
You cannot (I cannot) trade space with 1 lot...
2 lots maybe, but even then you are stuck with the 1
lot short-stick after a partial stop or TP.
3 lots is as low as you can possible go without severely limiting your
strategical options.
Your exact entry doesn't matter, this does:
#1: Position in the market
#2: Position Size prior to range expansion
#3: Range expansion
Your job is 1 & 2.
2 lots maybe, but even then you are stuck with the 1
lot short-stick after a partial stop or TP.
3 lots is as low as you can possible go without severely limiting your
strategical options.
Your exact entry doesn't matter, this does:
#1: Position in the market
#2: Position Size prior to range expansion
#3: Range expansion
Your job is 1 & 2.
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
- Reputation: 726
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Thanks MO,
I have a goal to get there...I will resume the space thing when I get there.
Until then...I will keep scalpin..
thanks for the chart, I think I understand what your getting at.
Until then I will try to help the few that have been asking me how I determine my entries...the best I can
Please remember I consider myself a scalper, short termtrader....someday to be able to trade long term is my goal
There are many ways to explain it, this is just my way...hope it helps.
dojirock
I have a goal to get there...I will resume the space thing when I get there.
Until then...I will keep scalpin..
thanks for the chart, I think I understand what your getting at.
Until then I will try to help the few that have been asking me how I determine my entries...the best I can
Please remember I consider myself a scalper, short termtrader....someday to be able to trade long term is my goal
There are many ways to explain it, this is just my way...hope it helps.
dojirock
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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Thank you for your support.
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