A fresh start! Doji's Trading Journal

[dojirock]

Thanks withnail,

I will check it out.... Im one of those traders that has to be real careful about putting anything on the screen. My brain turns to mush and watches them instead of price, and I stop thinking... it took me months to backpeddle from my indi's. I was a indi junkie. Pivots are based on what? The previous day's range?

Once you do it naked...theres no going back

doji

[withnail]

Thanks withnail,

I will check it out.... Im one of those traders that has to be real careful about putting anything on the screen. My brain turns to mush and watches them instead of price, and I stop thinking... it took me months to backpeddle from my indi's. I was a indi junkie. Pivots are based on what? The previous day's range?

Once you do it naked...theres no going back

doji

I generally trade in my underpants to cold here for anything less I know what you mean I am the same I have to be careful what I mark up. PP's are based indeed on range, sort of shows you when price is over extended so may reverse. Another way I used to do is look at atr50 on the daily so have an idea of potential for an average day and work in fractions of that. But now I watch how price reacts to supply and demand. I used to be hunting for the best one and get mad but as it says in your signature as long as a trade ends in no more than a small loss I am happy. Took me a long time to unwire my brain and accept that.
Cheers Withnail.

[dojirock]

Double cross....

[dojirock]

Stopped out...post pic tomorrow...to bed.....

doji

[dojirock]

Stopped out twice...by just a hair....then misses my sell order before dropping...

im done for the week!

have a great weekend.

dojrock

[dojirock]

On a streak that I dont want to be on......done for the day....I think maybe I need to go back to scalping.

How does one learn more when he doesnt know what to ask???
I cant even start to explain my last trade!!

1 dont feel like I can see anything right now
2 dont know what questions to even ask
3 couldnt even begin to tell you how to trade
4 feel completely, utterly lost.
5 sick of trading demo, scalps and making 150 percent a month
6 really sick of trying to scalp live, with fear standing next to me breaking even overall
7 just really cant get longer term trading down.

Maybe trading....is not in the cards for me....

[TygerKrane]

nah, doji, we can't have you doing that...i have some ideas, they may or may not help your cause

[TygerKrane]

On a streak that I dont want to be on......done for the day....I think maybe I need to go back to scalping.

How does one learn more when he doesnt know what to ask???
I cant even start to explain my last trade!!

1 dont feel like I can see anything right now
2 dont know what questions to even ask
3 couldnt even begin to tell you how to trade
4 feel completely, utterly lost.
5 sick of trading demo, scalps and making 150 percent a month
6 really sick of trying to scalp live, with fear standing next to me breaking even overall
7 just really cant get longer term trading down.

Maybe trading....is not in the cards for me....

Hey dojirock, I got your back...

Some of your statements, I have asked them myself a time or two; answers I came up with for myself, may or may not apply to you since I don't know everything you are working with trading-wise. They should though, give you some fresh inspiration, a little light since you currently find yourself in the dark

1 dont feel like I can see anything right now

Until you 'arrive' these times have a way of showing up; it's because of the nature of trading, if you throw an apple up into the air, it doesn't always come down how can one feel confident that they are following their plan correctly, when even identical setups don't yield identical results?

2 dont know what questions to even ask

need a more objective way of making observations; start to line up all of those 'identical' setups, where are their differences? (complicated by the fact that things are not always equal due to the fact of outside economic influences...a need for a 'fuzzy logic' to realistically differentiate when your analysis is wrong vs. when 'sh!t just happens' {please no excuses about stophunting}

3 couldnt even begin to tell you how to trade / 4 feel completely, utterly lost

there are only Long trades & Short trades, perhaps flip-flopping your bias isn't best thing right now. On a daily basis, find a higher timeframe based reason to draw a horizontal line and trade from. The idea is to put blinders on yourself to give you a stronger ability to make objective observations from. When you force yourself to only turn left, it becomes easier to see that not all left turns are the same. I mean to say don't flip-flop needlessly on any particular pair. You can still trade Long & Short on the same day, just follow your Bias Line. [this point is actually its own discussion in the making, so much to say here...]

A particular event that this allows you to see --more objectively, I believe-- is watching, say, a MOMO D1 candle that you are trading Long, reverse Short and turn into a Pinbar (I guess it's called). You'll probably desperately want to trade it short if you see the Long D1 candle reversing from Supply, but DON'T, instead focus on the lower timeframe Long entries and objectively observing why they don't work.
If a day is Long and you're trading Long, you'll have an objective viewpoint of what makes pullback Long entries good. If a day is reversing Short from the high, but your bias is Long, you'll have an objective viewpoint of what makes pullback Long entries no-so-good Furthermore, you'll understand better what type of entry leverage and stops you should be working with, bc ultimately, you NEED TO SURVIVE your errors in judgement.

5 sick of trading demo, scalps and making 150 percent a month / 6 really sick of trying to scalp live, with fear standing next to me breaking even overall

if you're not consistently profitable, one of the best things is to attempt limiting weekly losses to 5%. You either a)trade less, while making more observations; b)come to the reality that you need to lower your leverage so you don't blow your wad 12 hours into the new week. It's a sobering proposition, but it makes you realize just how overleveraged you are to your current skill level. A modest goal of 6% a week is nice. If by fear we are talking heart palpitations, that is definitely not good. Let's not make a career based on a day-in day-out feeling of our hearts in our throats everytime we press the button. <To paraphrase *especially* if your scalping skillz aren't up to par, 'Perhaps you shouldn't put yourself most at risk when you most vulnerable.'>

7 just really cant get longer term trading down

Meh. Let's find out why our entries generally suck while limiting our losses, thus giving us more chances to participate in the market with at least even a little money at stake each time.

Maybe trading....is not in the cards for me....
Developing Traders Model
(...almost as good as one of bettlebox's pictures )

~Krane

[TygerKrane]

Maybe trading....is not in the cards for me....

Everytime someone quits Forex trading, a baby TRO cries...

[dchappy]

[quote="dojirock"]On a streak that I dont want to be on......done for the day....I think maybe I need to go back to scalping.

How does one learn more when he doesnt know what to ask???
I cant even start to explain my last trade!!

1 dont feel like I can see anything right now
2 dont know what questions to even ask
3 couldnt even begin to tell you how to trade
4 feel completely, utterly lost.
5 sick of trading demo, scalps and making 150 percent a month
6 really sick of trying to scalp live, with fear standing next to me breaking even overall
7 just really cant get longer term trading down.

Maybe trading....is not in the cards for me....




Hey Doji ...Been there ...Done that ....

To be successful in this biz , you must have 2 things :

1. A proven method

2. A total , unwavering belief in and commitment to execute #1.

If your scalping is that profitable , why change to longer tf trading ?

Most traders won't believe it , but you really only NEED 10-20 pips/day ,

(even with a small account )


Never Give Up ..............






P.S. Got this from PRO a few yrs ago , lots are a bit off due to margin changes but the idea still applys ..