Valid Mozone?

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LegendofZline
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Re: Valid Mozone?

Postby LegendofZline » Thu Jan 01, 2015 6:58 pm

Drinking and celebrating last night... I was still "even on new years eve" in the back of my head thinking about what is being said on this thread and kreslik in general.

You all make tons of sense. Like tro says "its not what you trade is how you trade it."

As this threads responses bottom line it says the same thing.

Reading threw nla for about the 10th it is said.

I will try to remember this.

What ever or however I trade you have to make sure that your tp is larger then sl on every trade that you enter...
be consistent at taking small losses and be consistent at larger targets.

In theory I can just look at chart press sell on candle color change add a 10sl and a 30tp
and magically I can start winning... hehe kind of sounds like horizontal trades...

if it hits 10sl live with it.

onto the next trade...

hit 30 tp add to build to account to raise your pip value.

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aliassmith
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Re: Valid Mozone?

Postby aliassmith » Thu Jan 01, 2015 8:35 pm

LegendofZline wrote:Drinking and celebrating last night... I was still "even on new years eve" in the back of my head thinking about what is being said on this thread and kreslik in general.

You all make tons of sense. Like tro says "its not what you trade is how you trade it."

As this threads responses bottom line it says the same thing.

Reading threw nla for about the 10th it is said.

I will try to remember this.

What ever or however I trade you have to make sure that your tp is larger then sl on every trade that you enter...
be consistent at taking small losses and be consistent at larger targets.

In theory I can just look at chart press sell on candle color change add a 10sl and a 30tp
and magically I can start winning... hehe kind of sounds like horizontal trades...

if it hits 10sl live with it.

onto the next trade...

hit 30 tp add to build to account to raise your pip value.


A horizontal line in and of itself isn't an edge. It's
more like a starting point or LiS. The candle color
is the edge in your example.

The sl and tp will be more currency dependent along
with chart tf.

If you add extremes or s/r to your back, your edge
will be better. There are other possibilities also.

If you aren't someone that adds to your position,
you could consider scaling out half your position
equal to your sl.
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Re: Valid Mozone?

Postby prochargedmopar » Fri Jan 02, 2015 1:09 am

A tool to use for drawing sup/dem zones and also the basic explanation of how to do so.
https://www.youtube.com/watch?v=2zgecdS9LgI

Another vid. showing an automatic sup/dem zone indicator and why you must delete/not use
certain levels that it draws while also drawing some that it doesn't.
https://www.youtube.com/watch?v=eOAtvsMEGT0
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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