The idea's we trade by, so we never lose again. p2. The students become the masters

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Mr. Hyde
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 6:41 pm

prochargedmopar wrote:What did you do to train your brain to make big $$ from the markets??


Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.

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Mr. Hyde
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 7:03 pm

This is for you Pro. I know that pin bars at exremes show rejection. We also know that double bottoms that break the neckline and retest it are goo places to place a trade. Price will also trade from S/D zone to the next. Entry was at 138.65, sl at 138.50, add on at 1239.25 sl at 139.10. TP is 139.75. 160 pips total. 10 to 1 RR. Also learning to let price retrace to get me into a trade literally has doubled my RR. Instead of the normal 20-30 pips that a lot of my trades would be, are now 10-15. That alone is probably one of the biggest changes to my trading.
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Mr. Hyde
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 7:11 pm

Not bad. Not bad.
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Mr. Hyde
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 7:36 pm

I think anyone could be profitable in a week or two if they would just be consistent and disciplined.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 7:38 pm

I don't know y or when (at least a month or more ago) I put these lines on this chart. But damn if price didn't respect the s**t out of them.
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prochargedmopar
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby prochargedmopar » Thu Aug 20, 2020 8:11 pm

Mr. Hyde wrote:
prochargedmopar wrote:What did you do to train your brain to make big $$ from the markets??


Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.


Sounds like very good advices. :smt023
I'll read this a few times and then make up my mind if I REALLY want to bank big money, Or not. :twisted:
#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

Mr. Hyde
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 8:23 pm

prochargedmopar wrote:
Mr. Hyde wrote:
prochargedmopar wrote:What did you do to train your brain to make big $$ from the markets??


Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.


Sounds like very good advices. :smt023
I'll read this a few times and then make up my mind if I REALLY want to bank big money, Or not. :twisted:


Pro, if I could make you a profitable trader I think that would be my greatest trading accomplishment ever. Pick 2-4 trading setups whether chart patterns or candle sticks or whateve. Then make rules for trading them. hard rules. Look at only 1hr. Trade acroos 6-10 pairs. I bet you would be profitable, assuming your setups have an edge.

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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 9:08 pm

This is just sexy. Everyone knows my favorite trade is a flag. Combined that with Alaissmiths system. 5 to 1. Ugh, that is just beautiful. The fact that it is a 5 min chart is even better.
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Mr. Hyde » Thu Aug 20, 2020 9:42 pm

Double bottom?
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Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Thu Aug 20, 2020 10:27 pm

Mr. Hyde wrote:
prochargedmopar wrote:What did you do to train your brain to make big $$ from the markets??


Honestly the biggest thing is having the confidence that in the long haul, how I trade makes money. Its the consistency and displine to excute my trade plan even tho I just took 5 losses in a row. And trust me that is hard. Go manually back test 100 trades of a setup. That's what I do to build my confidence. Im just starting to look at alaissmiths trade setup with the sma and the strong candle close. Even tho I know him and lem trade it, since I haven't seen for myself I know if I were to just start trading it I would be scared as hell, especially if I took two or three losses in a row. So I will load it up on a bunch of pairs and test it out one bar at a time. then I'll have my stats to build off of. Ill look at where it performed best i.e. at extemes, S/D zones, retest etc. I look at the sl and see if I can cut it in half while only slightly offering a reducation in my win rate. Then ill see what my win rate is and the RR. Then i'll trade it like a robot with a small amount of money. if im profitable then it will be added to the arsenal. 3 months minimuam.


Please share your findings.
Trade Your Way as Long as It Makes Money!

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