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A fresh start! Doji's Trading Journal
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newscalper
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newscalper
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dojirock
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Nope, not at all the logic is right on, but look at the pic. I marked up for you you had two zones there. It was zeroing out both zones. When this happens and I go long there and then price closes back below, you can almost always reverse your trade and get your loss back plus some.
good chart fxfreak.
dojirock
good chart fxfreak.
dojirock
FXfreak wrote:My trade from today, one loser...Did I understand something wrong or was I just unlucky?
- close over short zline and a new long zline
-> LONG
:-/
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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!"
"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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Using just 15 min zlines, zline zones.....
missed e/j and u/j...they followed suit.
missed e/j and u/j...they followed suit.
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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!"
"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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TygerKrane
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Doji,
What kind of leverage are you using for your entries? Over the last week I saw two trades posted with huge drawdowns.
http://kreslik.com/forums/viewtopic.php?p=69611#69611
Or do you only allow the huge drawdowns after you've already accumulated some profit?
~Krane
What kind of leverage are you using for your entries? Over the last week I saw two trades posted with huge drawdowns.
http://kreslik.com/forums/viewtopic.php?p=69611#69611
Or do you only allow the huge drawdowns after you've already accumulated some profit?
~Krane
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
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dojirock
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Hey Krane,
Good to see you still around. 90 percent of my trades are 15 pip sl or less. As I grow in "space" if you will I am more liberal with my emergency sl. BUT, once in a trade, if my price action tells me reversal, I close the trade no matter what. Its not worth wishing for it to come back. Had that candle your referencing had closed anywhere down below the zline, I woulld have been outta there. Hope that answers your question. I dont pay attention to R:R anymore, I look at s/d and take what I can get. I may have 3-4 small losers...like 3-6 pips each..then when I hit my trade, usually pull in 20-40 which covers all the losses plus some. I have been starting small with lots now and working on a stacking technique a friend of mine showed me. Basics are stacking on lot sizes every 5 pips when I get the run. So in short my sl's vary but they are for emergencies and based on how much space i have. I dont let my trades run to my stops unless im not watching. Zlines tell me when im wrong.
Then I get out.
Good to see you still around. 90 percent of my trades are 15 pip sl or less. As I grow in "space" if you will I am more liberal with my emergency sl. BUT, once in a trade, if my price action tells me reversal, I close the trade no matter what. Its not worth wishing for it to come back. Had that candle your referencing had closed anywhere down below the zline, I woulld have been outta there. Hope that answers your question. I dont pay attention to R:R anymore, I look at s/d and take what I can get. I may have 3-4 small losers...like 3-6 pips each..then when I hit my trade, usually pull in 20-40 which covers all the losses plus some. I have been starting small with lots now and working on a stacking technique a friend of mine showed me. Basics are stacking on lot sizes every 5 pips when I get the run. So in short my sl's vary but they are for emergencies and based on how much space i have. I dont let my trades run to my stops unless im not watching. Zlines tell me when im wrong.
Then I get out.
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!"
"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.
Thank you for your support.