Never Lose Again

[MightyOne]

I try to take less trades.
Again, 2 losers here



Ok, 5min is not working again. Lets try 15m.

Oops, SL got hit again



This is getting very funny.... Or not?

It looks like you missed the --->

"You would do well to remember..."

memo

[cfabian]

Hey Braathen, can you explain your perception of the angles and how they work? Where to draw them, blah blah blah?

On this long trade you had I was too biased looking for short entries, as price had just ZL daily positions, and price started coming down. It would be interesting knowing what where you thinking (sorry, seeing), and if you where aware of that daily ZL at around 1.6630. Probably too risky for a long trade there after that.

Cheers

So... in true nerd fashion i was playing computer games when i glanced over at this.. price came down to a 1h breakout point and bounced.. going up? bloody hope so nice little momo high close and entry of the retrace.



outcome.. filled the channel nicly

[Braathen]

ok so.. ill try.. the red lines witch where the ones i was looking at most due to what i think is a possible 4h short.. anyway nr: 1 is the 1h zline long.. nr: 2 is the red 15* angles.. im not sure if they are 100% correct so dont hold me to this but i used the wedge/hook to draw the trend channel down.. nr. 3 price breaks prev high .. wicks the medium line and retraces.. im thinking channel fill atm if it gives me some PA.. nr. 4 momo through my line and breaking high again.. retrace.. get in.. out at top channel.. well just over.. the top channel was my TP because i didnt think price was gonna make a new high.. erm.. if that makes sense!

[TheRumpledOne]

COMING SOON...

DRAIN THE BANKS REV 9

[mthomas]

Hello I just took this gu short. top line is where I wanted to enter but missed it, need a nice cold beer...ohh well sold at break of previous body and took 10 pips. Left a bunch on the table as I'm typing this price is now @ 6555 i exited sell at 85 . My question is was held profit 6567?

Getting better with the entry ...Thanks for the previous help everyone.

Have a nice day,
Alotofpips

[Braathen]

So today i came in a bit more confident .. waited.. waited........... waited.. and finally..


Nice little sign for the short i wanted so badly.. anyway pictures show it alot better.. 54 pips net for the day so far 2 trades

[maciekkov]

hello all!:)
that was my first trade when i use ZL.75 pips LOL:D:D:D
http://zapodaj.net/c68105f46f6d.gif.html

i forget add ofcourse on demo:)

[Braathen]

Nr.1 Went short seeing if my downtrend would hold... nr.3 Close past my entry.. look for better price for exit and revearse.. if it aint going down its going up.. nr.2 target BO from earlier.. wasnt too sure so just cut there at 30 pips

[aliassmith]

all of those trades could have been exited at be--

5m trades went 0 pips in my favour. If you can make BE out of negative pips-thats great, but I certainly can not.

on the m15 why try and short it at the bottom when there were 3 trades off the top that would have worked.

Maybe we can ask the same question Aliassmith-why long cable at the top after 200+ pip rally? Same situation. The only difference is that he was lucky and the trade worked out well, and my trade did not work.

all of this is said without looking at the other time frames

but still just looking at the m5 or m15 one could trade that sequence and make pips
you need to spend some time looking at charts and figuring out why some work and some dont and how to deal with those situations

Please tell me, if you were trading euro, would you take my 5m trades? And if not, why?

"Maybe we can ask the same question Aliassmith-why long cable at the top after 200+ pip rally? Same situation. The only difference is that he was lucky and the trade worked out well, and my trade did not work. "

I would rather be lucky than good!

No really, I just look at MOMO and then watch price action along with zeroline targets to get in and out. It takes a lot of practice and some luck.

[aliassmith]

20 pips a day