Never Lose Again

[TheRumpledOne]

Using GRAY BARS allows you to SEE where support/resistance levels are based on the highs/lows.

[Shane]

Thank you all for your comments, I really do appreciate it.

I was a bit frustrated yesterday, but I feel a bit better after a good night sleep.
I know that I am the problem - not the method. I think I just need to take a break for a while and 'go within' to sort out some of the mess.

Thanks again guys

[pierre23]

Can I ask how you read the pivot multimeter? What do the different colours mean?

[marcromero]

Which indocator are you using? I'm reffering to the one that says in at green out at red. Thanks

Just trading on the lines IN the direction of CANDLE COLOUR. Quick 43pips in less than 10mins.

Tro, in regard to the training wheels, in what condition will it turn from "wait" to "only trade long" or "only trade short"? The trade I took just then it indicated "wait" but I could see price was going up so took the trade anyway.

Is the training wheels based on the buzzard strategy? So after 3 consecutive colours it will change to trade only long/short?

[Shane]

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6375

GO LONG.

SEE PROFIT.

DO YOU SEE A PATTERN?

If this was all that was required then yes...it would be easy.

I have no issue with the entry TRO (you have supplied numerous indicators and methods that show this). It is how to manage the trade AFTER THE ENTRY IS TAKEN - this is an extremely important topic (perhaps more so than the entry) yet there has been precious little attention paid to it on the NLA threads.
What about stops/drawdown?
What about risk/reward ratios?

You speak of seeing the profits, but how far down will you let it go before you say enough - this trade failed and I am out?

It's so easy to show a green hour bar crossing a price level whether it be random, psychological, or whatever, and say "DO YOU SEE IT" "DO YOU SEE IT" but what you cannot see is the price action inside that big green/red candle.

In this example, price barely broke the .6375 level, turned down for 12 pips drawdown and only then it went into profit. I have read in some posts that you like to use a 7 pip stop....Does not then "SEE PROFIT" becomes "SEE LOSS"?

TRO, I certainly mean you no disrespect, I am just really having trouble with this part of my trading.

[pierre23]

lol, that's not an indicator. I plotted the red and green lines, also the text. To show where I entered and closed the trade.

[TheRumpledOne]

You might want to say, "I went long at 0.6425 because the H1 candle was green and lost".

But if you really look, the LONG ENTRY was back at 0.6375 when price reversed... green H1 candle after 2 red H1 candles.

You have to use a little common sense when trading. PRICE is NOT going to continue in one direction forever. If price has already moved 50 pips or more in the direction you want to trade BEFORE you enter, you may have missed the boat.

[marcromero]

lol, that's not an indicator. I plotted the red and green lines, also the text. To show where I entered and closed the trade.

O ok thanks.


Can someone please tell me the name of the indicator with the gray horizotal lines. I don't remember which one it is. Duh

[pierre23]

I just used the sweet spot gold indicator and changed the colours to grey.

[xmess7]

I just used the sweet spot gold indicator and changed the colours to grey.

Dude I started using the horizontal lines today.
I did a similar thing like the FIBS I was using.

I added the CustomCandle indi just to see if I could follow the H1 thingy.
Sometimes I did, sometimes I didn't. It was interesting to really see how PRICE doesn't "care". She's a biatch LOL.

Man, it was a crazy day.

Today, I estimate 780 pips... in several hours .. from $2.5 to $3.1 per pip.
I estimate cause when I trade I don't pay attention to the account. balance
All I pay attention is to the moment.

Kewl Krazy stuff.