103 pips in less then two hours and i need to trade the afternoon session also.
Never Lose Again
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- prochargedmopar
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I saw the 75 line "trigger" approaching so I clicked a couple time frames and what did I see.
M.O. z-line setup on the H4.
Good to go.
In at 76, 2nd half at 72.
Results: +2.6%
11006069 EUR/JPY 14 S 130.716 130.635 8.1 11.80 0.00 5/13/2009 09:17 5/13/2009 09:20
11005985 EUR/JPY 14 S 130.765 130.635 13 18.95 0.00 5/13/2009 09:15 5/13/2009 09:20
M.O. z-line setup on the H4.
Good to go.
In at 76, 2nd half at 72.
Results: +2.6%
11006069 EUR/JPY 14 S 130.716 130.635 8.1 11.80 0.00 5/13/2009 09:17 5/13/2009 09:20
11005985 EUR/JPY 14 S 130.765 130.635 13 18.95 0.00 5/13/2009 09:15 5/13/2009 09:20
#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
- TheRumpledOne
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Re: Mighty One Trade
oldmangeezer wrote:Mightyone,
What to you look for when you trade off this chart?
Thanks
Wait for:
1. a daily or greater low or high
2. a minor pivot to form on the M1
3. a breakout of the M1 (3) on the HiLo compass.
If you wish to continue trading after this then:
1. Price must continue to rise from the low > a rate of one
pip per minute.
2. If it fails to do so then wait for a new daily or greater low or high.
3. Although you cannot place new trades you can hold onto your trade after price slows in anticipation of a larger move.
The HiLo numbers to the right of M1 (3) are profit targets (I have different settings than what is shown).
Ideally your targets will be common breakout entries used by longer term traders.
From now until the end of time people will be trading breakouts so you will always be able to liquidate your position no matter how large be it for a profit or a loss any where near a longer term breakout.
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- TheRumpledOne
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