Never Lose Again

[lukx]

To all guys trying to learn... I just discovered something on mt4 platform that might help us back test momo method. Sorry if I will sound stupid but I didn't know this option. I always look the way to get back on chart somewhere and then step by stem candle after candle move it forward and see how price is evolving. But moving chart with mouse cna sometimes skip more than one candle. To go step by step do this:

http://www.screencast.com/users/realluk ... 9483c10f73

[blubbb]

Or put my VisualOrders indi in the EA strategy tester and run it in visual mode. This will simulate the market including intra-bar movement.

[mthomas]

Wanted to thank all of you for chart examples... keep them coming!!!!
6 trades London, 64.8 live pips just need to zone in on my targets now.
Only thing on my charts was momo


Have a good day,
Alotofpips

[lukx]

cool, I guess there's now way to change timeframe afteter starting strategy tester?

[blubbb]

Nope. That is an MT4 limitation.

But you can use the CustomCandle indi to compensate for that.

[gutek04]

Hello,

my name is Mike, i was reading this thread for a couple of weeks and i see its a great method, thank u "o great Mighty One"
I had my observations i traded this personally and had very good wining streaks, couple of loosers but still very good in plus.
I have to say one thing.. for guys like gutek -> DO NOT COMPLICATE IT! make it simple! There are hundreds of things which guy like Mighty One is analyzing (in my opinion) and he knows how to act because he is trading more than 1,2,3,4,5 years He is a PRO. He watched thousands of hourly, daily weekly charts. Gutek u must watch the price action constantly to achive that level day by day. Do not be sad when u lost some money or have a losing streak - ITS A FOREX it may happend! but when u trade with consistence u will be a winner especially when u use this method. BE PATIENT! have a DISCIPLINE and u will be GREAT TRADER!
I wish it to U Gutek and everyone else in this thread.
Thanks again for this great methods

Really appriciate Your's advices michaelion ;] I'm allready keeping it simple ;] I feel Im on good way, my trades become more profitable since im on that forum. Maybe Im not catching more than 80p moves but still my RR is 3:1 and overall im on +. Maybe someday Ill be able to catch 200+ p moves like Dragon and es/pip. Wish it ofcourse to everyone else here.

[Azuremaster]

Great charts as always es/pip.
About your GU trade today-IMO it was a bit risky, buy right at previous high?
And I still can not understand, why you shorted EJ - is it up on higher timeframes, or no?

Today I traded the euro on demo.

1st chart: double top and H4 MZ



2nd chart: H1 MZ



3rd chart: Price hits H1 and H4 MZ. M5 entries. 3 losers here, unfortunately.




To es/pip and dragon: sorry for the late answer to your posts. I know that I am not entering right at zline. This is too scary for me, I need some little confirmation that price has turned at zl. Should I try limit orders? Cos if I enter manually, sometimes I do not have time to set a stop if price goes quickly through my entry for a large amount of pips.
Thanks.

[es/pip]

Great charts as always es/pip.
About your GU trade today-IMO it was a bit risky, buy right at previous high?
And I still can not understand, why you shorted EJ - is it up on higher timeframes, or no?

Today I traded the euro on demo.

1st chart: double top and H4 MZ



2nd chart: H1 MZ



3rd chart: Price hits H1 and H4 MZ. M5 entries. 3 losers here, unfortunately.




To es/pip and dragon: sorry for the late answer to your posts. I know that I am not entering right at zline. This is too scary for me, I need some little confirmation that price has turned at zl. Should I try limit orders? Cos if I enter manually, sometimes I do not have time to set a stop if price goes quickly through my entry for a large amount of pips.
Thanks.

pound------------ it had large increase in momo on m15 into the high so i played off that--- with the momo increasing into the pivot/high it tells me good chance it goes further


ej------------ was into a H&S on h1 chart---- i just traded away from that area based on smaller time frame momo--- just scalps based on the momo---


you need to pick entries that work for you---- you are getting in too late the way you are doing it now


edit------------

pound also was coming out of a h1 mz

[es/pip]

Wanted to thank all of you for chart examples... keep them coming!!!!
6 trades London, 64.8 live pips just need to zone in on my targets now.
Only thing on my charts was momo


Have a good day,
Alotofpips

nice

glad to hear it

that's a great day----more than enough

like i said before if someone would guarantee me 30 pips a day i would never trade again

[prochargedmopar]

Will someone in the know please check out the accuracy of my market assessments in the below pics??
I want to know if I can SEE or NOT.

This is a currency I've never looked at before....not that it matters.

The first I marked off pivot points so I could "see" HH/LL's ect.



Next up I used the same pic and marked off a few "double hooks" and a couple larger Time frame "double hooks".
Oops, accidentally deleted the bottom of the third triangle........



And finally, I market a few points of held profit (green) and then where I considered those to be zeroed (red).
Keep in mind the first 2 and the last 1 have yet to be "zeroed".
EDIT: Forgot to mark the zero point of the 2nd to last green line.
It was Immediately on the next candle.

Also, depending on your definition of held profit the red "zeroed" lines could also be considered more held profit.



Please critique harshly, I've gotta get this down and this is one of my first stabs at actually drawing on a chart and not just letting it be a "mental" thing.

Thanks

No comments?

Guess I've got the ok to make millions then.
Lets do it.