i have got a couple of pms asking for me to explain what i am doing.
again
my explanation is my charts------- i cant explain it any other way.
thats why i post them to try and help others to see it.
there is no little part that i am not telling/showing--its all right there in the charts
body in direction of profit wick in the direction of loss
its everything that MO has shown. Like he said previous MO, Dragon and I each trade it a tad bit different but it is the exact same in principle--------body in direction of profit wick in the direction of loss
there is no other way to explain it
nice trading Dragon
edit---- that blue rect. should be in the top 50% of that bar---- i dont put them on my charts for trading i put them on to help other see what i am referencing---- put that one in the wrong spot--lol
Never Lose Again
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- prochargedmopar
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Dragon33,
Those 3 trades looked extremely risky using that chart only. Were those trades taken from a higher or lower time frame. The engulfing patterns were not nearly big enough to be considered "double size". Will you please elaborate? All seem to be taken on the opposite color H1 candle.
es/pip,
Your trades look textbook.
Excellent setups, Do you ever trade in the 2% club? It would be neat to have you in there to point a couple out to the others and I. Be helpful to watch live as they develop.
Thanks guys.
Procharged.
Those 3 trades looked extremely risky using that chart only. Were those trades taken from a higher or lower time frame. The engulfing patterns were not nearly big enough to be considered "double size". Will you please elaborate? All seem to be taken on the opposite color H1 candle.
es/pip,
Your trades look textbook.
Excellent setups, Do you ever trade in the 2% club? It would be neat to have you in there to point a couple out to the others and I. Be helpful to watch live as they develop.
Thanks guys.
Procharged.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Ok. This is my question.
ES.. You lookin at the chart, one chart... hm.. its meaby mm: euro/usd 15m. You see that "MightyZone" is comming. What you do next. You wait for 1st candle close after forming MZ (MightyZONE) and you come in on second or what. I ask because yesterday I made "perfect" trade^ I thought. First time I entered on second candle.. after that price goes against me;/ Ok.. I - i said next time will be better.. next trade: After MZ formed I wait for 15m candle closed.. (this candle show me wick in direction of loss) so I switch on 5m chart and go in the direction of "profit". After I come in - price again was against me.. ( UNlucky trades.
So the question is.. when you see the MZ witch is forming ... you trade on ONLY on this chart when u see it or you switch to another chart?
Now I think that meaby we cant trade "all day" Meaby we can trade ONLY in some hours. Witch hours are best to trade like this? IM in ECT zone
Edit: dont worry it was demo acc:)
ES.. You lookin at the chart, one chart... hm.. its meaby mm: euro/usd 15m. You see that "MightyZone" is comming. What you do next. You wait for 1st candle close after forming MZ (MightyZONE) and you come in on second or what. I ask because yesterday I made "perfect" trade^ I thought. First time I entered on second candle.. after that price goes against me;/ Ok.. I - i said next time will be better.. next trade: After MZ formed I wait for 15m candle closed.. (this candle show me wick in direction of loss) so I switch on 5m chart and go in the direction of "profit". After I come in - price again was against me.. ( UNlucky trades.
So the question is.. when you see the MZ witch is forming ... you trade on ONLY on this chart when u see it or you switch to another chart?
Now I think that meaby we cant trade "all day" Meaby we can trade ONLY in some hours. Witch hours are best to trade like this? IM in ECT zone
Edit: dont worry it was demo acc:)
Last edited by Shadik on Tue Mar 24, 2009 4:05 pm, edited 1 time in total.
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shadik,
if i have a setup on the 5 i enter on the 5
-------------------------- 15 i enter on 5 or 15
-------------------------- 30-4hr i enter on 5-15
post some charts of your trades and what you are saying so i can see
Pro,
most likely not going to come into 2% club---- i don't want to get into having to explain a lot of stuff when i am trying to trade--- trading up to 5 different pairs at times--on all time frames is almost too much for me and having to explain in real time would be too much
i may at a later date though
if i have a setup on the 5 i enter on the 5
-------------------------- 15 i enter on 5 or 15
-------------------------- 30-4hr i enter on 5-15
post some charts of your trades and what you are saying so i can see
Pro,
most likely not going to come into 2% club---- i don't want to get into having to explain a lot of stuff when i am trying to trade--- trading up to 5 different pairs at times--on all time frames is almost too much for me and having to explain in real time would be too much
i may at a later date though
- TheRumpledOne
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es/pip wrote:shadik,
if i have a setup on the 5 i enter on the 5
-------------------------- 15 i enter on 5 or 15
-------------------------- 30-4hr i enter on 5-15
post some charts of your trades and what you are saying so i can see
Pro,
most likely not going to come into 2% club---- i don't want to get into having to explain a lot of stuff when i am trying to trade--- trading up to 5 different pairs at times--on all time frames is almost too much for me and having to explain in real time would be too much
i may at a later date though
You don't have to explain anything... just give a head's up every now and then if you can.
Usually about 5 minutes before the hour, some of use tell what we see as potential setups.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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