Hi Dragon!
Thanks for your views on this subject. What I meant was:
At the moment, for me, a good entry is a point where the potential of a big run is greater than from another point.
In short: from where I am in my learning curve, I now see that I am able to maximize (in my favor) the potential for a big run but not the hit rate which for me, is still approx. 50/50...
Maybe is my SL too close from my entry point?
I fell that if I have a wider SL, my hitrate will be better but my RR will decrease. I mean that I don't fell capable of making both big runs with tight SL.
A fresh start! Doji's Trading Journal
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
Doji Im luvin these 5min enteries. Heres trade today on EU waited all day for it. 5min chart attached but it was based off a 15min setup then i checked 5min chart for my entry and confirmation.
Thanks Doji
Thanks Doji
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
onontsira wrote:Hi Dragon!
Thanks for your views on this subject. What I meant was:
At the moment, for me, a good entry is a point where the potential of a big run is greater than from another point.
In short: from where I am in my learning curve, I now see that I am able to maximize (in my favor) the potential for a big run but not the hit rate which for me, is still approx. 50/50...
Maybe is my SL too close from my entry point?
I fell that if I have a wider SL, my hitrate will be better but my RR will decrease. I mean that I don't fell capable of making both big runs with tight SL.
Every trader start his learning curve wrong. Most people start on lower frames and that should be forbidden for new traders. There is a lot of movement on the lower frames but every trader should be able to read the H1. If you can see the action on the H1 frame then focus on it. Learn to ride on the back of the big guys learn to time your trade. Time is very important. The big guys action happens almost around the same times most of the trading days. And riding on the back of H1 is good for your RR.
Don't forget it is summer and sometimes volume is a little lower then normal so choppy trading is part of the game next two months. If traders can manage those two months then you will be able to knock the big guys down during the rest of the year
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
judokamak wrote:dragon33 wrote:You have to master al the frames at once and you start from the high frames extreme to enter on a low frame to catch THE TREND in pieces. It is even possible to ride a trend stay in trade and scalp or trade the pullbacks but that's only in europe otherwise it is the fiforule!!!
For me, thats the most difficult thing to acomplish..."adding up" all the TF in one logical unit.
Just to check..
"high time frame extremes" are daily/weekly z lines and/or 4h "pointy" places...yes?
That's a traders decision. You only need two frames for trading with high results. Waiting for an extreme on weekly pays of but it takes a lot of time waiting.
If you trade on daily basis then focus on H1 or H4. But if you are not able to leave a trade open for 40 points then H4 is still nothing for you.
Remember trading is easy you just need to learn it!!!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
dragon33 wrote:onontsira wrote:Still struggle with the SL placement... Are they too tight?
On this picture they are on the right places, nothing wrong with them.
Thank you for your time Dragon!
The other question is why should i ride several 100 pips? That's a total different story and depend on your MM. Like most of the older members know that i play very agressive with high lotsize there is no need to trade those big runs i just want a piece of it
It seems that you don't focus that much on riding complete big runs but you compensate with high lotsize, which means big balls... and it looks like mine are too small for now...
But if you are not able to leave a trade open for 40 points then H4 is still nothing for you.
More seriously, I think I will keep my trading as it is for the moment and stop seeking big runs because
1/ my RR ratio is good, as my SL are tight, and hitrate is acceptable
2/ I am not able to hold for more than 20/30 pips runs (must be a scalper...)
3/ I don't like the idea to add difficulty in trading once again and go against my nature. Trading is hard enough for me, I fight myself everyday to apply with discipline what I learned here. So I don't need something new to struggle with...
What I intend to do now (easy to say...) in order to be really profitable is concentrate on being psychologicaly stronger and then trade bigger size... or giving "Doji's stacking technique" a try, why not!?
Anyway, thank you to everyone here teaching and participating!
dojirock wrote:Dragon,
As always great to hear from you! Thanks for contributing and teaching!
doji
Not really teaching just saying that there are a lot of opinions about how to achieve your goal.
Maybe i start teaching again in the future not sure for now
I have work enough with Phil altough he made several profitable trades today, my only goal for now is get him on track so he can support his family and get out of the negative vibe where he is
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!
Two options: you either lose or win!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.