Never Lose Again

[aliassmith]

Anyone on this H4 GBP/USD?

Long at 1.6567 fingers crossed

with ya

also caught a little in the ej of the h1 momo bar

Looks like I missed my re-entry at 1.6577 off of the M5 G/U

OH well made 7% today, I'll take that 5 days a week

Nap Time!

[es/pip]

traded the pound trade off the m15 first and didnt like the pa got out +15, then got back in on the m5 and traded ( the higher time frame setup) it up to the target---

nice when they do exactly what they are supposed to do --lol

looks like the same exact thing aliassmith was talking about




ej trade

[cfabian]

espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

[Andy123]

Thanks to everyone who has contributed to this thread, it's absolutely amazing, it really is.

I've attached a picture here, I was just wondering where you would enter on the 5 min, I was really unsure at it didn't quite hit the ZL, but as you can see I missed the boat.

Thanks

[aliassmith]

Thanks to everyone who has contributed to this thread, it's absolutely amazing, it really is.

I've attached a picture here, I was just wondering where you would enter on the 5 min, I was really unsure at it didn't quite hit the ZL, but as you can see I missed the boat.

Thanks

I missed the boat on that one also Andy, I was doing something else.

As for entry, sometimes I look for MoMo leaving a ZL area.
Other times I just calculate my risk and figure out a lot size and
Stop loss size that I am comfortable with and use that as my entry criteria.

[cfabian]

Ok, I've realized you posted that trade when I was typing mine.

If you have further comments more than welcome

espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

[lukx]

Remember what H. Rearden said?

"Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)"

After price makes a new low, I will enter long on a green M1 or M5 candle (within 20 pips of the low) with a 10 pip stop loss. Sooner or later, price reverses and I catch the move. This is simple and I don't get beat by the rat.

dailyhl20pips template attached. You should already have the indicators TRO_PLOT and TRO_DYNAMIC_FIBS_SR_TRAIL.

I really hate seeing fellow traders struggling. KEEP IT SIMPLE.

I was looking into it. But I'm not as smart as TRO and don't get it.
Can someone explain this way of trading for me?

1) "After price makes a new low" on 1h tf or on daily?
2) "I will enter long on a green M1 or M5 candle (within 20 pips of the low)". I don;t get this "20 pips of the low" thingy? Some chart would be awesome.
Thanks in advance for help with this one. I hope there is someone who understand TRO's quick screenshots with only few sentences

[aliassmith]

Looking at my H3 target (oanda) I was looking long at the arrow.

I never seen the H1 ZL until es/pip mentioned it in his post.

Needless to say plenty of times to get out at BE before
the reversal. Goes to show (maybe I should have took that nap
I mean the details are very important. Multi-timeframes can help a lot

Missed out on a 9% return and lost a few pips today with a nice run
early still up 3% and done for sure this time.

[cfabian]

mmmmmmhhh, and here it is!!!!!
Let's see if we get long momo....

Ok, I've realized you posted that trade when I was typing mine.

If you have further comments more than welcome

espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

[es/pip]

espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.

The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.

How would you have handled this? I didn't take the ride.

yeah once you miss it it gets riskier the further up it goes--

the play was in the h4 mz that was posted earlier

on the m15 i would not consider that a mz because it is not 2x previous-- although it is on the m5-- prev chart posted

if i was playing it just of the m15(based on the higher tf momo)--i wouldn't have made a trade through that pa-- but looking inside to the 5 i would have traded it