Never Lose Again

[PTG]

[es/pip]

lol


nice

glad to see some others killed it today

[cfabian]

Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.

2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????

[PTG]

lol


nice

glad to see some others killed it today

Higher timeframe led the way yesterday evening (CET)

Effin' UNREAL this. UNREAL. A s/l of 11 pips, and it went only 2 pips against me

I've now had a couple of these, but this was the biggest so far. Patience is the name of the game.

Thanks to TRO, MO, you, many others who post their trades here and especially Dragon. It's finally beginning to pay off !

[Fxtraveller]

PTG,

It baffles me as well the precision of trade entry that the MO methods provides....

I thought that "scaling in" was a very good strategy... now it is being made redundant, since price goes no more than 5 pips against any properly entered trade =]

[PTG]

PTG,

It baffles me as well the precision of trade entry that the MO methods provides....

I thought that "scaling in" was a very good strategy... now it is being made redundant, since price goes no more than 5 pips against any properly entered trade =]

Yeah. The precision is almost beyond comprehension. If you have the patience and guts to wait for these fine trading opportunities and NOT accept ANY trades that do not conform to that requirement of a low s/l it's party time for those trades that do because of the low risk-reward ratio and therefor the high $/pip. It is only time before the next one comes

[PTG]

Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.

Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.

2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????

The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..

[MightyOne]

Even though you guys/gals are now profitable you should sit down to trade with an open mind and a willingness to learn whatever the market has to show you.

The most important thing to remember is that analysis is based on that which is set in stone.
A changing picture is like a moving ladder and you certainly do not want to put your faith in instability.

You do not reach the height of your trading by learning a technical pattern, but through your ability to adapt to changes in the market both now and in the future.

A flexible branch resists being broken...

[cfabian]

Well, H4 momo not very clear with my broker, as compared with this other...

MINE



OTHER

Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.

Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.

2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????

The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..

[PTG]

Well, H4 momo not very clear with my broker, as compared with this other...

MINE



OTHER

Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.

Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.

2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????

The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..

Yeah, good observation. I have the same situation with Alpari and MB Trading. In both cases there was H1 bear momo after price reversed on the higher timeframe. That's the one to watch; price didn't go beyond 50% of that candle. If you switch down to M5 you will see that there were was another point where you could have entered, an hour or so later about 3 pips lower only !