Never Lose Again

[spa]

a nice ZL are wick on the daily charts... plenty of space to the lower blue line

[aliassmith]

alliasmith, i did not understand why You have entered first trade... It doesnt look like MO trade. Seckond one is perfect!

To me the first trade was a MZ trade. As es/pips says its a S/R trade away from the MZ. Problem was that the price rocketed thru and did not show signs of stopping. I should be looking for some type of pull back at least.

[aliassmith]

PA wasn't perfect---- i agree

i mean i haven't made 500 pips or anything but i am up an ok amount--- not sure i never count them

i can still see that people refuse to use the 5 min close to tell them to get out and taking there full stop. My 20 pip hard stop is a disaster stop if you will. It is only there to protect me if it just rips on me when i get in, or if a 5 min bar rips against me without giving me a chance to get out at a better price.

MO, Dragon and I rarely take a full stop---- but everyone seems to take them without hesitation.

a 60 pip stop is nonsense----- unless it is built up from profits---like MO was showing

just bec you have a zl doesn't mean you take the trade---- especially after multiple bars

--- again no one wants to look inside for some reason

-- if you are watching a h4 zl from 8 days ago and trading it off that zl directly----- how do you have momo showing you the way? You don't.


no one should be trading gbp/jpy in my opinion---- at least not yet.

----------- trade the pound, the euro or the ej-- preferably the pound or euro to start


i don't understand a majority of the charts( and reasoning) posted


everything that Dragon and i learned is in this thread---- i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread.

Sorry ES/PIPS,

I'll refrain from posting my M5 stuff. Then again maybe I should be looking inside at the M1 to "look inside" the M5

[TheRumpledOne]

" i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread. "

How about you posting a synopsis in your own words to help your fellow traders out.

[pablo101]

" i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread. "

How about you posting a synopsis in your own words to help your fellow traders out.

I read it read three times and doing much better

[dragon33]

I just traveled in time and I'm where I was last week, balance wise .
Lost all the profit, same old story.
Now I can't gt this song out of my head "I'm a loser baby, so why don't you kill me"

Sometimes there are days you can not take hunderds of pips. If price is in a major zone (where price was several times) that means there is a lot of support or resistance.
What is the main thing when you hit those areas! You simple trade away from it. That is what you have seen yesterday on GU.
The reason why we watch several tmf's is to look for opportunities which bring in some cash. Sometimes it is a bit harder then other days.
Do you see any opportunity on the picture below?


Same picture but no real opportunities to me



Aha maybe you can see them here



Remember everything starts with the highest momentum you can find. The higher is always the boss. You pick those areas to target or for entry. But when you can't see clearly you start switching tmf

When you all had looked on the daily then you would have known that the probability to trade upwards was bigger.

[Fxtraveller]

Traded the breakout.... it was so obvious to me....

then retracement to the place of breakout, longs zeroed out, and up and awaaaay.

+51 pips.

same happened on GU

[lukx]

hmm I didn't see any GU ZL lines cut...

[Fxtraveller]

well, to me a Zline is not necessarily in 50% of momo candle

a breakout line is where a lot of traders get in, and eventually zeroed out.

the GU had the same PA as gbp/jpy chart above.

"if you see a breakout and you can imagine your self sitting with profit after moving your stops to BE then that is a ZL."

I believe that is MO's or es/pip's quote hundreds of pages above. I've been saving to a word doc. useful things, but not the author unfortunately.

[es/pip]

PA wasn't perfect---- i agree

i mean i haven't made 500 pips or anything but i am up an ok amount--- not sure i never count them

i can still see that people refuse to use the 5 min close to tell them to get out and taking there full stop. My 20 pip hard stop is a disaster stop if you will. It is only there to protect me if it just rips on me when i get in, or if a 5 min bar rips against me without giving me a chance to get out at a better price.

MO, Dragon and I rarely take a full stop---- but everyone seems to take them without hesitation.

a 60 pip stop is nonsense----- unless it is built up from profits---like MO was showing

just bec you have a zl doesn't mean you take the trade---- especially after multiple bars

--- again no one wants to look inside for some reason

-- if you are watching a h4 zl from 8 days ago and trading it off that zl directly----- how do you have momo showing you the way? You don't.


no one should be trading gbp/jpy in my opinion---- at least not yet.

----------- trade the pound, the euro or the ej-- preferably the pound or euro to start


i don't understand a majority of the charts( and reasoning) posted


everything that Dragon and i learned is in this thread---- i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread.

Sorry ES/PIPS,

I'll refrain from posting my M5 stuff. Then again maybe I should be looking inside at the M1 to "look inside" the M5

i wasnt talking about your charts