A fresh start! Doji's Trading Journal

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dojirock
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Postby dojirock » Fri Nov 09, 2012 4:33 pm

newscalper wrote:
dojirock wrote:Pro, just how I do it...and it works....

also remember news, looking at the lower left..you have every possible breakout marked......start visually combining them and you will see higher time frame trades on that current chart. Takes a little practice....

also...notice...when you get a valid breakout and draw the zone and it works, the point of a breakout which occurs as it leaves the zone is usually not marked.... or another way of saying it... I take everyother breakout....

alll this is learned by observing...happens all time, on every time frame.

doji


Yeah - I'm combining candles anyway to make the zones I put on the chart I posted - so the one from the run up you'd mark as the breakout of the swing high, that's cool. - So when price returned there you were looking for long but price was already creating other zones down?? and went straight through it. Then all the way down, again combining candles, which is what I did, it makes all of those zones going down, firstly it creates one when a singular candle breaks out (that is all you can see at the time), and then later another one if there is a run. Zones are created all the way down on that run - I've showed most of them. You waited for a trade to go short where that spike was but to get to that zone it had to pass through several others - why didn't you try for short in any of those zones at that point in time and that one in particular? I know it's not a 'first hit' thing as you've marked other charts taking more than one entry from a zone.


I am usually still in a trade and there is not enough room to add to my position without jeopardizing my profit...
or
Im focused on a higher zline to be zeroed out. It is usually everyother zline I focus on. because a zline is formed upon leaving an area that WAS just zeroed out. Thus I dont take every breakout and zline, usually every other one.

doji
"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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Postby dojirock » Fri Nov 09, 2012 4:36 pm

Well up 56 pips in the early hours!

Went to bed feeling pretty good. For some reason and I cant figure out why for the life of me this morning, I was paralyzed bullish.

I wont even try to explain this pic...im sure you can figure out what happened.

BlackEye_Smile

takin the rest of the day off!
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"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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Postby MightyOne » Sat Nov 10, 2012 4:12 am

What are pips? I only understand percent ;)

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Postby MightyOne » Sat Nov 10, 2012 4:24 am

You can increase your position size without lowering/raising your position:

Image


Price ranges are some of the best times to accumulate.

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Postby dojirock » Sat Nov 10, 2012 5:34 am

Ugh! Im gonna look at this again....

Mo I dislike you and love you! What you say haunts me, only because I dont grasp it. I need to find out how to apply your charts above to my last trade where I lost 12 percent, (since you dont know what pips are :P ) So im left with 2 percent this week... Time to evaluate where I am and where I want to be... I cant live on the the "Success High" I have been on since february forever, nor do I want to become stagnate. Time to put the thinking cap on. Thanks for the post!

doji
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Postby MightyOne » Sat Nov 10, 2012 7:21 am

Take my word for it:

Target large jumps in your account.

Consider small jumps only for strategic reasons.

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Postby paweldobkowski » Sat Nov 10, 2012 11:15 am

im fckn slow
i dont get space at all
i thought i did

can somebody point me to a place where i can start with that concept?
or maybe someone wants to explain it here in few simple sentences :wink: (its not going to happen, i know)

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Postby MightyOne » Sat Nov 10, 2012 6:11 pm

Image

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Postby MightyOne » Sat Nov 10, 2012 6:23 pm

Image

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prochargedmopar
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Postby prochargedmopar » Sat Nov 10, 2012 6:57 pm

paweldobkowski wrote:im fckn slow
i dont get space at all
i thought i did

can somebody point me to a place where i can start with that concept?
or maybe someone wants to explain it here in few simple sentences :wink: (its not going to happen, i know)


"space" is a way to say, I want to make 20%/50%/100% or whatever on my acct and there is no such thing as LOSING until my initial risk of X% is gone.

"space" is a way to ADD to a winning position(or series of winners) so that you can attain your goal of X% without having to get a 20,000 pip move.

So, if you make some pips and add that amount to your lot value for the next trade, you can get to your goal quicker.........OR

Once you are holding substantial profit in a trade you can add lot size (which moves your X% maximum loss line closer to current price)

That's it. but FIRST you cant be a freak, have fear of losing your paltry 2% initial risk(or whatever it is), and you need to understand the basics of price channels/sup/res

So in review,
Find a big ass channel (1000+ pips or more) and trade from one EDGE to the other.
If you start with 2% risk and 100 pips "space" you can use 5-20 pip tries, 2-50 pip tries or what ever you see fit to get the bad boy moving toward the other side of the channel. Add lot value along the way (preferably on retraces) and you'll get to your original goal of X%

OR lose your 2%, 1% or what ever you started the sequence risking.

This is the important part:
Have a TARGET.
Commit to the TARGET.
I'll say it again.
but FIRST you cant be a freak, have fear of losing your paltry 2% initial risk(or whatever it is), and you need to understand the basics of price channels/sup/res

That last part of the statement may not even be true, just find a target and get there by way of the biggest lots possible.

MY OPINION IS THAT PEOPLE WHO TRADE "SPACE" HAVE A STRONGER NEED TO BE RIGHT THAN MOST, THE LONGER THE TIMEFRAME YOU TRADE THE MORE INGRAINED YOUR NEED TO BE "RIGHT".

Ask MO or Bredin the last time they have "LOST".

They will answer with YEARS because that's how long it's been since they have lost their initial "space".
It's a BRAIN thing but it's also VERY PROFITABLE, which is the reason we are trading anyway. right?
Last edited by prochargedmopar on Sun Nov 11, 2012 1:54 am, edited 1 time in total.
#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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