Never Lose Again

[nutz505]

I think I am starting to see the price action as it happens on the chart. I did some trades the past couple of days and I have had good success with it. I am up about 40 pips over the last couple of days.

Your indicators and what you have been teaching are definitely helping. I am starting to look at the color of the candles and seeing the patterns forming.

I have found that when the candle closes between the support or resistance line and the go long/go short line that I have the best success so far. I am only going for small pips at this point I am averaging 10 pips per trade but it has proved successful so far. I have been not using a Stop so far but I had one go against by about 100 pips this morning and I scaled by way out of it for break-even. I need to check I think I went against the H1 candle color on that one.

I will continue with the method next week to see how I do and try to incorporate a little better money management with it.

TRO,

When you place the limit order on MBT do you typically place the limit a couple of pips above the Go Long/Short line or do you let the price come back to you?

Thanks
Rich

[4stroke]

hi TRO ,

my trading software uses CTL scripts , to be compiled with a program name Chartstation.

Have u ever written ctl scripts ?

[TheRumpledOne]

TRO,

When you place the limit order on MBT do you typically place the limit a couple of pips above the Go Long/Short line or do you let the price come back to you?

Thanks
Rich

======================

NO.

My limit order is at the line.

[TheRumpledOne]

my trading software uses CTL scripts , to be compiled with a program name Chartstation.

Have u ever written ctl scripts ?

======================

NO. I have not.

[TheRumpledOne]

WOULD SOMEONE PLEASE POST THIS ON BABYPIPS

Junior Member


Join Date: Jun 2008
Posts: 94
Default
i keep losing, obviously doing something wrong

both times WITH H1, both pretty much turned the second i placed the trade, this is what usually happens.

Last edited by ewokuk; Today at 05:04 AM.
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[/quote]





You are getting KILLED because you are waiting too long.

The LONG entries were at 187.75 or 189.00.

Then you waited to go SHORT after price already had moved 50+ pips to the downside!!

Switch to a M15 or H1 chart. That should keep you out of trouble.

Also, learn to grab 5 pips quick.

-TheRumpledOne

[dragon33]

hello everyone, new connection.

Pitty i am a bit sick so i want be trading but sleeping.

[Sweet Pip]

Hi TRO

Havn't had a chance to chat with you yet on msn or the 2% club...hope to soon

Ok, so I understand the 123 waves, and the fibs, and the basic entry points ...and trades are going very well for the most part. But when others ask me about it, I still feel unsure about what I'm saying I see/do...whether I help or confuse them more...LOL.

But, after going back over all the posts again, I'm still not sure if that's the "it" you keep asking if we've seen yet. Is that it?

Pity that more from BP havn't made it here to discuss it further...poor edacsac & ewokuk are about to give up as they are still struggling with it.

Thanks TRO

[TheRumpledOne]

Hey Sweet Pip:

If you're making money, then you SEE IT.

Post a link to www.kreslik.com on the BabyPips thread.

Whenever anyone has a question, tell them to post it over here so I can answer.

[nutz505]

TRO,

On the bias you use the mid-point and the open? But I see you have 5 possible positions it can be. What do you use to determine the other two possibilities?

Thanks
Rich

[TheRumpledOne]

Price can be above the open and previous middle, above the open, below the open and previous middle, below the open or equal to the open.

That's 5 possible positions.

Which other 2?