hindsight

[mthomas]

Guys and Gals it's too late now but if you dont mind did I miss the buy opportunity on the 50% pull back. Did i miss the entry long I dont see it If you can see the long entry please share, kinda scratching my head here.

I'm not being smart here just need a little help.

Thanks Alotofpips

Edit should I have paid more attn to those long zlines hold from 11hrs back?

Sorry meant for this to be in never lose again thread

[Brookmyre]

Hey mthomas, I'm not in front of the computer at the moment but I think you'll find that if you go down to the m15 or m5 you will see where any pullback occurred. I'm still learning here myself but I'm sure that if one of the more experienced traders weighs in they'll say the same. Your m30 is showing momentum which is part of your analysis but you look at the smaller timeframes for more precise entries

[dragon33]

Guys and Gals it's too late now but if you dont mind did I miss the buy opportunity on the 50% pull back. Did i miss the entry long I dont see it If you can see the long entry please share, kinda scratching my head here.

I'm not being smart here just need a little help.

Thanks Alotofpips

Edit should I have paid more attn to those long zlines hold from 11hrs back?

Sorry meant for this to be in never lose again thread

Watch to left of your chart! See where the wick is?

That's a change of resistance to support nothing more.

[PTG]

Hope this helps !

[TheRumpledOne]

Looks like a rat reversal to me

[PTG]

Yes it is, isn't it.

[pablo101]

Hope this helps !

This helps a lot! Thanks PTG

[PTG]

This helps a lot! Thanks PTG

Great, thanks !

I just wonder how this compares to the rat reversal trick. I suppose the difference is that the RR requires you to blindlessly take, within 20 pips of any daily extreme up to the real extreme, which you don't know upfront but only in hindsight, any trade with a 10 pip s/l and within 20 pips from the extreme under the assumption that whatever you assume in terms of direction can be wrong. Sounds to me like I might as well take a 3LZZ indi and take any 1H/15M trade. Or flip a coin, as long as I have the right M/M (you know, cut losses, let profits run).

I think that's why at the end of the day M/M and exit strategy together with trading psychology are more important than the entry method.

[pablo101]

This helps a lot! Thanks PTG

Great, thanks !

I just wonder how this compares to the rat reversal trick. I suppose the difference is that the RR requires you to blindlessly take, within 20 pips of any daily extreme up to the real extreme, which you don't know upfront but only in hindsight, any trade with a 10 pip s/l and within 20 pips from the extreme under the assumption that whatever you assume in terms of direction can be wrong. Sounds to me like I might as well take a 3LZZ indi and take any 1H/15M trade. Or flip a coin, as long as I have the right M/M (you know, cut losses, let profits run).

I think that's why at the end of the day M/M and exit strategy together with trading psychology are more important than the entry method.

flipping a coin is gives you a 50/50 chance of winning or losing, all you need a 1 more percent to give you an edge and i think TRo gives that to you

[mthomas]

Guys,
Thanks for the feed back as you can tell i posted this a while back. just didnt put it in the never lose again thread by mistake...I've came a long way since that post.... a little over 200 pips last london session

I dont care what we call it momo, zline, mightyzone or tro saying looks like a rat to me it dosnt matter Thats all a waste of time. What does matter the switch went off after i watched the Sam video's that Prochargedmopar posted
So we can call it profitable in my book just sorry i didnt put the 2 together before....

Dragon which wick are you refering to?

Thanks again for the hlp guys seeing it more and more each minute

Have a great session,
Alotofpips
btw looks like a little more learning to come did u see mo's mbt micro trading thread $$$$