Never Lose Again

[aliassmith]

Wonder How many times you have the
possibility to get into a good news trade
before the news runs like it did.

[jcelano]

Anyone....anyone...Bueller....Bueller?

[aliassmith]

Got out at BE Doh!

Guess it is better to be out of a trade wishing you
were in than being in a trade wishing you were out.

[pablo101]

[dragon33]

My trades from today



All are started from analysis of the H1. Missed the bottom entry but those two where good for 99 pips in a short time

[PTG]

The somewhat bigger H1 picture with hand drawn supply- and demand zones.

Top and bottom zone are almost identical to zones drawn with Blubbb-Mightyzone indicator. That should be no surprise. If it is, I would go find the answer

(Ask MO )

[TheRumpledOne]

I guess I am not "smart" enough to understand the MO Zones.

So I'll stick with the RAT ZONES.

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)


If price is NOT making a new low then it must be reversing from the low.

SIMPLE!!

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

[PTG]

I guess I am not "smart" enough to understand the MO Zones.

So I'll stick with the RAT ZONES.

Good idea !

You should trade what works for you !

I will stick to Supply- and Demand zones. That works for me.

[PTG]

My First Metatradertrade
I don't use MT4 to trade, just to see what's up.
Momo down, retrace, momo down --> action !
Put in a short @ 1.47098, s/l 1.47170, t/p 1.46970

Not a trade I would want to take normally because of the low r/r, but I did it anyway. It isn't even the screen I normally work with, I use this template on H4. Stupid of course, I know. It worked though. And no, I won't apply for Yale for several reasons. So spare me the URL

[PTG]

In fact this is a good example of a trade you should NEVER take, because it's selling into a demand zone. What the heck was I doing... Sort of an inverse RAT trade or something, a TAR trade. Can get you feathered, lol

Next time, stick your plan, boss !