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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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| Once you see the pattern....
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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...."
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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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...."
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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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...."
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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This pic is like art! I really want to go back to scalping when I see this stuff, but really need to resist and keep heading towards MO land! 
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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...."
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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us/chf short
target .9700
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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...."
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MDSEA
rank: 50+ posts
Joined: 13 May 2009
Posts: 75
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| Nice doji. Marked up same analysis for usdchf. But missed the entry... This is starting to get fun...
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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"Entry doesnt matter" I have know idea what that means, how can it not matter.....
anyways, I went short, up about 50 something pips now........how do I incorporated "Space" into this? I am currently short with 1 lot. It sounds like to me you dont care about where the entry is, by utilizing space you manage your trade till its what? Im lost. Maybe my hangup is, Space is a different concept and cant be used while scalping?
my success rate with time charts bigger than 4hrs is less than 20....
can I even use space?
If I close this trade now, and say $500 profit...gives me some space right?
Space builds up staying power to goto higher time frame charts...what direction? I dont know! Any help here please??
dojirock
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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...."
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MightyOne
rank: 1000+ posts
Joined: 10 Dec 2008
Posts: 3224
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MightyOne
rank: 1000+ posts
Joined: 10 Dec 2008
Posts: 3224
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You cannot (I cannot) trade space with 1 lot...
2 lots maybe, but even then you are stuck with the 1
lot short-stick after a partial stop or TP.
3 lots is as low as you can possible go without severely limiting your
strategical options.
Your exact entry doesn't matter, this does:
#1: Position in the market
#2: Position Size prior to range expansion
#3: Range expansion
Your job is 1 & 2.
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Learn Javascript/etc for FREE!
Chinese made EASY!
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dojirock
rank: 1000+ posts
Joined: 17 Nov 2009
Posts: 1014
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Thanks MO,
I have a goal to get there...I will resume the space thing when I get there.
Until then...I will keep scalpin.. 
thanks for the chart, I think I understand what your getting at.
Until then I will try to help the few that have been asking me how I determine my entries...the best I can
Please remember I consider myself a scalper, short termtrader....someday to be able to trade long term is my goal
There are many ways to explain it, this is just my way...hope it helps.
dojirock
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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...."
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