A fresh start! Doji's Trading Journal

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prochargedmopar
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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Mon Jul 20, 2015 4:03 pm

What's with the DF and Sema's?
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Mon Jul 20, 2015 4:11 pm

Thought you went for 20 pips a day?
Do you not plan on "working" for 25 days after this trade?

20PipsADay.png
20PipsADay.png (114.12 KiB) Viewed 698 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Jul 20, 2015 4:52 pm

prochargedmopar wrote:Thought you went for 20 pips a day?
Do you not plan on "working" for 25 days after this trade?

20PipsADay.png


Hey Pro,

Great to hear from you. The sema and DF is there for reference and extreme visuality ( is that a word?). I teach a couple of people via dropbox and it helps with understanding for them. My daily goal only has to be 20 pips a day for what I need. Notice how I set a stop at +15 and let it run? I don't monitor my trades after I have a stop in. I also don't limit my profits. So even though I did really well that night while sleeping, its a check in my box for the 20 pips for the day, the rest was just a bonus or lot size magnifier for the future trades. If I would have gotten stopped out then I would have traded for 5 more pips the next morning. When I sit here and read charts I will set some targets so I can be done for day if my schedule doesn't allow enough time.

doji
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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Mon Jul 20, 2015 4:57 pm

This kind of charting makes 20 pips a day a no brainer!
2015-07-20_1255.png
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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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Re: A fresh start! Doji's Trading Journal

Postby prochargedmopar » Tue Jul 21, 2015 7:46 am

23-50% retrace after AB?
Hmmmmmmm

23-50RETRACE.png
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Jul 21, 2015 1:56 pm

prochargedmopar wrote:23-50% retrace after AB?
Hmmmmmmm

23-50RETRACE.png


Rule of thumb:

e) Price retraces to 23.6 to 50 percent of the 'cd' leg for entries.

'ab' legs become 'cd' legs after the initial run.

doji
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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Jul 21, 2015 1:56 pm

dojirock wrote:
prochargedmopar wrote:23-50% retrace after AB?
Hmmmmmmm

23-50RETRACE.png


Rule of thumb: ( I use for my trading),

e) Price retraces to 23.6 to 50 percent of the 'cd' leg for entries.

'ab' legs become 'cd' legs after the initial run.

doji
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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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Jul 21, 2015 2:10 pm

2015-07-21_1009.png
2015-07-21_1009.png (44.38 KiB) Viewed 1167 times
Here is an example of what I mean.

Initial run is over
'cd becomes the 'ab' for the 2nd run.
Retrace and enter.
20 pips.
Done for day!

doji
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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dojirock
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Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Jul 21, 2015 2:22 pm

Bigger span, same rules of thumb.

doji
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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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Re: A fresh start! Doji's Trading Journal

Postby bumpo » Tue Jul 21, 2015 10:22 pm

dojirock wrote:Here is an example of what I mean.

Initial run is over
'cd becomes the 'ab' for the 2nd run.
Retrace and enter.
20 pips.
Done for day!

doji


Doji,

Is this how you would mark the letters? And, how would you define the times when A & B are on the same bar, and those times when they are on separate bars? Are C & D always on the same bar? Thx.
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