A fresh start! Doji's Trading Journal

[newscalper]

Yeah, I know TLOC. If you're doing TLOC there's clearly a lower high and lower low - there isn't if your'e choosing to ignore wicks as you are doing but if you use wicks the high is lower than the previous one. If you draw in a trendline through the rising lows they have also broken out and the entry is a retracement.
If you're using chappy's method also it's clearly a 123 breakout and all of his rules are met too.

You can re-draw it anyway you like after the fact



But the fact is the trade was taken live, it met certain criteria and it lost so not sure why everyone is getting on my case?

Do you not have losing trades or something?

[dojirock]

TLOC..???? probably simple..but ya lost me?

[prochargedmopar]

Yeah, I know TLOC. If you're doing TLOC there's clearly a lower high and lower low - there isn't if your'e choosing to ignore wicks as you are doing but if you use wicks the high is lower than the previous one. If you draw in a trendline through the rising lows they have also broken out and the entry is a retracement.
If you're using chappy's method also it's clearly a 123 breakout and all of his rules are met too.

You can re-draw it anyway you like after the fact



But the fact is the trade was taken live, it met certain criteria and it lost so not sure why everyone is getting on my case?

Do you not have losing trades or something?

Losing trades?

Yeah, that's why we use an I/T line(with a much bigger target/direction Idea)
OR some of us may use a margin call to tell us we were wrong.
Depends on the goal of the trade.

[dojirock]

News,

The I/T line is a bias change line. Not necessarily the entry line or area.

Revelations:

Space has nothing to do with entries. I know it has been said before, but I didn't listen. Start on the small time frames, build space to trade that time frame. The specific time frame will show you how much space you need. As you build up profitable trades, you can increase your space allowance to let you move up a time frame. Then repeat. It doesn't matter where you enter and you can trade long or short, to increase space. Thanks Mo, it only takes one little thing said the right way to finally catch on. Space on a hourly or 4hr chart can easily quadruple an account, especially for scalpers. I feel like I have finished the race and can now even trade long term.

Guys its all here in these threads, don't give up. When I feel I can add a different perspective on explaining it I will chime in.

[Karma]

We'll be very interested to see the way your charts and trading will change over the next few weeks doji

You've been a very exciting source of inspiration and education to watch this year

[Braathen]

Hi dojirock! (i have been drinking heavily this weekend and might not make sense).

So i will just throw this out here... and anyone that feels like flamming me
please do so at your own free will

I feel the goal of space is this "12 lots consumes more space than 04 lots so after a very short while there is a disconnect between what you are seeing on the chart and why you are placing new orders." and
"you can set pips on fire and place orders in the name of greed."-MO

So after you have chosen a strong(er) position (weekly+ extreme, large pointy place) then greed should take over. No candle stick pattern
or Boiling band should deture you from your greedy nature.
You would simply be placing orders as to accumlate space/lot sizes
before price expands either way.

"Price, on a regular bases will do 2 things.. make new highs/lows or come off them"

So this in my mind says that space has everything to do with entries.
Unless ofc your trying to align x line with your entry.

This is what i see and might be totaly wrong but it sure does make sense to me

Back to drinking! I wish you the best of luck doji in reaching
your 100% in a week goal.. i too have this goal

[dojirock]

Braathen,

This is my newfound understanding. I look at it as a journey from point a to point d. Point a tells me where I am. Point d is my destination, I have no disire to travel further. Once I leave point a, I stop at point b, my I/T line. Once I leave point b, my goal is to travel to point c, which is the I/T line I must check into before reaching point d. I can and will have many I/T lines within point b and c. I can trade long, short, or both on my journey as long as I dont lose focus on my destination, d . I must reach point c before I can determine how far point d is. Price reaches, pointy places (previous point c's) and then shows you where point d is. It can be at a pointy place or after range expansion. Man it feels good to finally understand what Mo means. Because point c has given me clear directions to point d, when reaching point d, the journey cycle ends. Everything I have obtained during my journey from point a to d has compounded tremendously.

By me saying I don't care about my entries, I mean, they don't have to be exact as long as I have enough space to cover my current position and speed from returning back to point b the I/T line. If my journey is a point a to d on the monthly chart, get ready to have insane returns.

Hope this helps.

[dojirock]

Space,

As long as I know where point a & b are, I can with 100 percent confidence know I will acquire wealth in which will travel with me until I reach my destination, point d.

[Braathen]

You said "Space has nothing to do with entries"

I then said "I believe space has everything to do with entries"

I never said you didnt care about entries

No harm ment m8

PS* I should have quoted you in the original post to avoid misunderstanding.

[MightyOne]

There might be too much crap on one chart but lets give it a try: