A fresh start! Doji's Trading Journal

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newscalper
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Postby newscalper » Fri Feb 21, 2014 1:44 pm

pp2 wrote:News ...

"2. Go back to price action only...what does that mean??? All this stuff IS price action only? "

I don't see bar charts as real PA, can I suggest you use a line chart daily for bias. I did notice you use H4 heavily. MO did say not to look at things so rigidly in this case H4 bars

"3. I'm over thinking - why/how?"

For starters I've noticed you've been posting many different charts, some doji style, some sema style etc.... look back at your posts for the last few weeks and you should see you really are doing that. (u were posting charts on space just recently :shock: )

Plus one gripe about your charts is that it is difficut to interpret what you're thinking since all I seeing is you posting without much of a mark up and why you put bias here or line there.

If I'm finding it difficult to read your charts, maybe it be difficult for some of your peers to help you??

Unless it's only me being thick and everyone else knows what you're talking about :D


Just because you see a sema on a chart does not mean I'm trading sema style - I don't even know what sema style is.

I'm trading the same thing over and over and over. Close over close under. What closes over what is open to interpretation. The charts are marked up. I often post multiple charts in the same post. I post more charts per post than most and I do show what I'm doing. I show the exact entry and the exact exit. What more can I show?

Do you want me to write step by step in every single one?

I post most of them live you know.

It's just a different template and you'll notice the others use different templates all over too, I hear no criticism of that...apart from me :lol:

Right...a line chart is PA...riiiighht, no it just shows a history of closes with fixed time intervals, the same as bars. Explain please otherwise it means FA. :lol:

What's wrong with posting something about space - is trying to understand something wrong??

It's like this.
I'm trying to understand what Dragon and Doji are doing and that's it.
Every time I post a losing trade everyone else wades in with multitude ideas and opinions. Then Mo will add about something else different then start saying it's all not necessary and space is king etc. So I'm trying to understand about 5 points of conflicting information and my own screwy ideas too :lol: :lol:

This is where you draw a line says trader 1,
This is where you draw a line says trader 2
(all different)

Stop drawing lines - Mo-


Look whatever it is I'm supposed to SEE. I don't SEE it.

If it's supposed to be feelings and emotions and airy fairy nonsense then I'm lost. I can't comprehend it.

And the money management thing - I posted some charts.

One down bar and you're screwed with it.
Last edited by newscalper on Fri Feb 21, 2014 2:18 pm, edited 1 time in total.

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pp2
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Postby pp2 » Fri Feb 21, 2014 2:08 pm

So why have the sema there in the first place? Can you see how I can interpret that differently?

I'm not critizing you, just trying to get feel what you are saying

The line chart 'easily' shows me where prices moved before making 'extremes', leaving a footprint which is where I pay attention. It may close over/under or not but the point is that it is very extremes are very clear and I don't have to interpret 'bars' which can confuse things. And I suspect that's what you are doing, looking at individual bars to get a signal and not the whole idea.

:)

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Postby roctao » Fri Feb 21, 2014 2:08 pm

Maybe just Maybe for now ....never mind...you will get it .....the day after you let go of it .....if you can learn how to let go....lol javascript:emoticon(':-

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Postby judokamak » Fri Feb 21, 2014 2:11 pm

News...can i ask...do you have fixed sl/tp setup? Do you use position+space and do you add positions to open trade?

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Postby newscalper » Fri Feb 21, 2014 2:26 pm

Image

Image

Image

Image

And the monthly chart also shows reason why to think about having a down bias
Last edited by newscalper on Fri Feb 21, 2014 8:33 pm, edited 1 time in total.

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Postby newscalper » Fri Feb 21, 2014 2:28 pm

roctao wrote:Maybe just Maybe for now ....never mind...you will get it .....the day after you let go of it .....if you can learn how to let go....lol javascript:emoticon(':-


I have no idea what you're talking about.

What am I supposed to let go of?

Trite. Meaningless.


Take Care

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Postby newscalper » Fri Feb 21, 2014 2:40 pm

judokamak wrote:News...can i ask...do you have fixed sl/tp setup? Do you use position+space and do you add positions to open trade?


How can one add to a position when it goes against exactly 1 pip from entry and never returns.

No I don't use space, I've just been playing with the concept and trying to work it out.

I usually use a stop.

When I've tried not using a stop and positioning further away and using LIS I've been caught out by huge bars closing beyond LIS. And if my entry is particularly awful it turns out even more nasty.

Don't like it. And the inverse R:R model does not work unless you have an extremely high win rate anyway...and I don't :lol:

Have you seen the charts I posted re space???

Have you done the maths. not just theoretical, by example - see those charts, space was worse every time ?

Your last addition when increasing will slaughter you when it goes against as it surely must. You do not know when it will go against.

Adding does not decrease risk, how can it?


I've said it dozens of times

You cannot fix having no edge and negative expectancy with money management.


Kreslik not allowing you to edit a post quickly is turning into a PITA - I know it's been done to prevent spam bots but ...grrrrr lol

I type very fast...think edit type, often read afterwards and then go 'hmmm edit as it still sounds like I'm being arsey' and the forum won't let me haha

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Postby pp2 » Fri Feb 21, 2014 2:58 pm

Image
Last edited by pp2 on Fri Feb 21, 2014 3:01 pm, edited 1 time in total.

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Postby judokamak » Fri Feb 21, 2014 2:59 pm

No, im not advocating space and adding, I don t do it myself, i m not there yet. But i will tell you what helped me. From your charts i noticed that lot of times your trades go in to + and that come back, which is logical, because you obviosly understand a lot. Is this right?

If it is, perhaps it would be benificial if you choose the tp in advance...like a zone betwen 15-30 pips and at the same time tryed to hang your losses in 10-20 pip range. Also..daily target..not big..20-30 pips is enough. Sometimes you get lucky and get more than those 20-30 and thats just a bonus.

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Postby newscalper » Fri Feb 21, 2014 3:36 pm

judokamak wrote:No, im not advocating space and adding, I don t do it myself, i m not there yet. But i will tell you what helped me. From your charts i noticed that lot of times your trades go in to + and that come back, which is logical, because you obviosly understand a lot. Is this right?

If it is, perhaps it would be benificial if you choose the tp in advance...like a zone betwen 15-30 pips and at the same time tryed to hang your losses in 10-20 pip range. Also..daily target..not big..20-30 pips is enough. Sometimes you get lucky and get more than those 20-30 and thats just a bonus.


Yeah I understand what you're saying but often succesful trades will go against by more than 10 pips, you try that way and yo ujust keep taking the -10 hits and then go the other way 20 up, close and you're still in the red.
If you're sertting a TP at 20 you will never get those runs of more than 20 - the lucky ones as you call them as you've closed the trade.

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