The Weekly Crash Zone

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MightyOne
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Postby MightyOne » Mon Mar 15, 2010 1:15 am

poltergeist wrote:What SL is the best in these TFs?


Just because you trade based on a high time frame chart that does not mean that you are entering via a large time frame chart (I often do but that is beside the point).

My default answer is DO NOT lose more than 20 pips on a SINGLE TRADE or you will have to CLAW your way back to BREAK EVEN.

This is how I do it:

The most that I can lose in a single week is 3.2% or 40 pips.

When my account is up 20 pips for the week then I convert to using my profit as the most that I can lose in a week.

I continue by trading as normal and lets say that I catch a 70 pip run and have 90 pips.

At this point I have more options:

1. I can start holding longer.

2. I can enter off of the daily low extreme and then take a daily high extreme breakout for a large account boost.

3. I can hedge and buy back lower with a less precise entry

ECT.

If I suffer a 20 pips loss then I deduct that from my 90 pip profit and am left with 70 pips of maneuverability.

When my money is at risk I will not let a penny fall out of my hand.

When my opponents money is at risk then I am ALL IN!

I consider his money my own only after I have accomplished what I set out to do (stack him :lol:)

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 15, 2010 2:08 am

MightyOne, you have email.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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MightyOne
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Postby MightyOne » Mon Mar 15, 2010 2:17 am

TheRumpledOne wrote:MightyOne, you have email.


I have no idea what my paypal address password is :lol: I just never use it unless I am buying things on ebay.

It is better to send things via gmail as that is what I am responding to night and day.

aliassmith
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Postby aliassmith » Mon Mar 15, 2010 2:56 pm

MightyOne wrote:
aliassmith wrote:"A non-momentum candle will nearly always make it to target 1.

And a momentum candle will nearly always make it to target 2. "

MightyOne,

How do you handle the above information?

By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?


At the very least you should trade to target one since it is almost certain that price will go there.

If you take a RAT TRADE off of the daily low and inside of target one then you would be shooting for target 2 (keeping your eyes peeled for a reversal setup).

When you find yourself inside of target 2 you are probably sitting at the largest gain that you are going to get.

Should I Hold'em or should I Fold'em?

It is a tool to help you decide.

Should I Hold'em or should I Fold'em?

I see, you are in a ten man Hold'em game. Each man has a stack size
equal to yours at the beginning of the year. You try to take them all out by
the end of the year.

Your rule of six tool is a pot size measuring device. :)
Trade Your Way as Long as It Makes Money!

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forexbob
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Postby forexbob » Mon Mar 15, 2010 8:22 pm

i know it's <me in redundant mode>,
but would like to say , MightyOne thanks for starting this thread.

and although some banks already crashed without help, why not
help the others.
The highest Forex rebates: http://www.cashbackforex.info

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 15, 2010 9:12 pm

MightyOne wrote:
TheRumpledOne wrote:MightyOne, you have email.


I have no idea what my paypal address password is :lol: I just never use it unless I am buying things on ebay.

It is better to send things via gmail as that is what I am responding to night and day.


I don't have your gmail address.

I sent it to your sbcglobal.net address.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 15, 2010 9:13 pm

I think it should be called the CASH ZONE!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TygerKrane
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Postby TygerKrane » Mon Mar 15, 2010 11:25 pm

MightyOne:
Just because you trade based on a high time frame chart that does not mean that you are entering via a large time frame chart


Loving it! I've been dying to know what kind of SL the zline guys might be using when I saw so how much the 4h chart seem to be the main tool.

**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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MightyOne
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Postby MightyOne » Tue Mar 16, 2010 2:39 am

TheRumpledOne wrote:I think it should be called the CASH ZONE!


I have no objections...

poltergeist
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Postby poltergeist » Tue Mar 16, 2010 1:45 pm

MO,
I have some questions. and correct me pls, if I am wrong:

you enter the trade somewhere (without a precise entry point) beetween TPs? If you meet two consecutive SL, you are off till next week? How do you find the best moment to enter? The fibo level you mentioned?

Or you just enter the trade accordingly with the direction of the daily/weekly candle?

What's with the volatility on such big TF, how do you handle with it?

20 pips SL includes spread, I assume?

Or maybe I avoided sth? :)

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