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
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Oct 24, 2017 3:51 am

Good to hear from ya guys....

Keep pipin!

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!"

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: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Oct 24, 2017 5:42 am

Got my goal... tired, gonna trail out.
Nite all!

doji
2017-10-24_0140.png
2017-10-24_0140.png (44.17 KiB) Viewed 3590 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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: A fresh start! Doji's Trading Journal

Postby dojirock » Tue Oct 24, 2017 6:05 pm

Trailed out while sleeping.

Wish this worked this good all the time.

doji
2017-10-24_0959.png
2017-10-24_0959.png (41.63 KiB) Viewed 3548 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!"

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Tue Oct 24, 2017 8:51 pm

What is your definition of a 'long/short term' trader?

Example:

Code: Select all

 Scalper: see pips take pips

 Short term trader: enter and exit within 3 hours

 Short(er) term trader: enter and exit within 6 hours

 day trader: enter and exit within 12 hours

 day/night trader: enter and exit within 24 hours

 Speculator: trades daily, weekly, monthly charts.

 Investor: holds because of fundamentals (charts are secondary information)

User avatar
Libertarian
rank: 150+ posts
rank: 150+ posts
Posts: 267
Joined: Tue Nov 30, 2010 6:32 am
Reputation: 178
Location: MN
Gender: None specified

Re: A fresh start! Doji's Trading Journal

Postby Libertarian » Tue Oct 24, 2017 10:14 pm

pic2.png
pic2.png (18.73 KiB) Viewed 3506 times


I was wondering if I can ask 2 questions of the group here. Forgive my lack of knowledge.

First, how does the sema work? Is it just the fractal after a BO of X number of bars? I'm sorry, I've seen it around but never understood what it actually was showing us.

Also, what is a cypher (z's)?

Thank you.

:shock: :shock: :shock:

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: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: A fresh start! Doji's Trading Journal

Postby dojirock » Wed Oct 25, 2017 4:26 am

yes, as far as I know the 5 sema is the highest high in the last 5 bars. 2 sema is the last 13 bars and the 3 sema default is 34 bars. Its really just a tool I use to spot the extremes without having to look at price to see exactly which high is higher... I always know the highest point is a sema.
Maybe a fractal, whatever that is..i have never read about those.

cypers, or z's is just a shape I have noticed shows up over and over again...ties into bat formations I think...I dont study those things so im not sure, someone else can chime in on that.

All that stuff is to complicated for me to use in trading, I like it simple.

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!"

User avatar
aliassmith
rank: 5000+ posts
rank: 5000+ posts
Posts: 5054
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 2846
Gender: Male

Re:

Postby aliassmith » Wed Oct 25, 2017 12:44 pm

MightyOne wrote:What is your definition of a 'long/short term' trader?

Example:

Code: Select all

 Scalper: see pips take pips

 Short term trader: enter and exit within 3 hours

 Short(er) term trader: enter and exit within 6 hours

 day trader: enter and exit within 12 hours

 day/night trader: enter and exit within 24 hours

 Speculator: trades daily, weekly, monthly charts.

 Investor: holds because of fundamentals (charts are secondary information)


I'm predominantly a scalper/short term trader. I do throw in an occasional multi-day trade.
Trade Your Way as Long as It Makes Money!

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Wed Oct 25, 2017 3:20 pm

aliassmith wrote: I'm predominantly a scalper/short term trader. I do throw in an occasional multi-day trade.


Code: Select all

 Probably the best description that I could come up with is 'macro scalper'.
 
 A line is a percentage of a pairs hourly range multiplied by the estimated length of time that one is planning on holding a trade (eg tens of minutes, hours, days, ...)
 
 A pip is a specific amount of money over a definite width and so is 'line': the difference is that of the [u]estimated[/u] holding time; there is no law which states that 20 pips takes longer than 30, 40, or 80 pips, we just assume that it is going to take longer.
 
 If you are entering when price comes into contact with a line then price is the same and the chart period does not matter, but if the opportunity is based on the chart picture then you need to adjust your position sizing and space to survive the price ranges that you are sure to be holding through.
 Some people will point to a breakout and say "if you catch it just right then you don't need to worry about anything"; I don't know about you, but I don't want a trading life where perfection is a requirement of success

 With all of that said, what do I think is the difference between a 'long term trader' and a 'macro scalper'?
 A macro scalper is only looking for 2+ macro pips (2 or so lines on any chart) where as a long(er) term trader holds out for more...where as a long term trader holds for even more than that.

 A monthly chart seems like a long time, and it is, but it is not so long if you have 8 monthly charts working or are maxed out in size (you are at your smallest line width) on a monthly chart.

 Like a discussion of OPM, a discussion of space usually moves along this path:
 "this is how I see it", your definition does not exist in reality, "It exists for me therefore it is", I do not accept your definition, "what definition has ever perfectly encapsulated the truth?"
 


What 1 pip looks like on a 1 minute chart:
1_PIP.png
1_PIP.png (24.12 KiB) Viewed 3435 times

What 1 macro pip looks like on a monthly chart:
Is a 1/16 size trade really going to stress you out so bad that you won't be able to trade a small chart at the same time?
MN_EJ.png
MN_EJ.png (17.38 KiB) Viewed 3435 times

THE MONEY IS THE SAME ON ALL CHARTS!

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re: A fresh start! Doji's Trading Journal

Postby dojirock » Wed Oct 25, 2017 4:55 pm

I guess im a bit of all the below.....

Scalper: see pips take pips

Short term trader: enter and exit within 3 hours

Short(er) term trader: enter and exit within 6 hours

day trader: enter and exit within 12 hours

day/night trader: enter and exit within 24 hours

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!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1921
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 726
Gender: None specified
Contact:

Re:

Postby dojirock » Wed Oct 25, 2017 6:26 pm

MightyOne wrote:
aliassmith wrote: I'm predominantly a scalper/short term trader. I do throw in an occasional multi-day trade.


Code: Select all

 Probably the best description that I could come up with is 'macro scalper'.
 
 A line is a percentage of a pairs hourly range multiplied by the estimated length of time that one is planning on holding a trade (eg tens of minutes, hours, days, ...)
 
 A pip is a specific amount of money over a definite width and so is 'line': the difference is that of the [u]estimated[/u] holding time; there is no law which states that 20 pips takes longer than 30, 40, or 80 pips, we just assume that it is going to take longer.
 
 If you are entering when price comes into contact with a line then price is the same and the chart period does not matter, but if the opportunity is based on the chart picture then you need to adjust your position sizing and space to survive the price ranges that you are sure to be holding through.
 Some people will point to a breakout and say "if you catch it just right then you don't need to worry about anything"; I don't know about you, but I don't want a trading life where perfection is a requirement of success

 With all of that said, what do I think is the difference between a 'long term trader' and a 'macro scalper'?
 A macro scalper is only looking for 2+ macro pips (2 or so lines on any chart) where as a long(er) term trader holds out for more...where as a long term trader holds for even more than that.

 A monthly chart seems like a long time, and it is, but it is not so long if you have 8 monthly charts working or are maxed out in size (you are at your smallest line width) on a monthly chart.

 Like a discussion of OPM, a discussion of space usually moves along this path:
 "this is how I see it", your definition does not exist in reality, "It exists for me therefore it is", I do not accept your definition, "what definition has ever perfectly encapsulated the truth?"
 


What 1 pip looks like on a 1 minute chart:
1_PIP.png
What 1 macro pip looks like on a monthly chart:
Is a 1/16 size trade really going to stress you out so bad that you won't be able to trade a small chart at the same time?
MN_EJ.png
THE MONEY IS THE SAME ON ALL CHARTS!


Thanks mo...

I think my hang up is, a few things. (with long term, im referring to) I trade both directions. I would trade the exact same way on any chart. BUT, I cant sit on my hands for 9 months.
Looking at the monthly chart posted... I see the perfect setup. It would take me 4 months to enter once then stack once based on my criteria that I use to stack. Once in profit I would be holding for an additional 5 months and make like 500-700 pips. I know you say pips dont matter, but Im a pip
counter. So I look at that comparison. 500-700 pips @ 5 lots over 5 months??? OR the reality for me is 500-700 pips @ 5 lots in a given week.

As I think about it, trading both directions.... I know I have a mental block in me that if a Weekly or even a Monthly chart tells me go long. My "bearish" switch just shuts down. But if I dont even look at a weekly or monthly chart, I have no problem at all trading both directions till the cows come home.
:)

doji
2017-10-25_1401.png
2017-10-25_1401.png (77.38 KiB) Viewed 4266 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!"

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


Return to “beginners forum”