2009.03.17 TRO - NEVER LOSE AGAIN!!

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ZEN
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Postby ZEN » Thu Oct 14, 2010 6:04 am

I entered big time with the highest lot the account could hold as soon as price started to move fast on the Tick Indicator.


genlogins, you don't have to shoot with all your ammo on one trade.
You must build a risk management strategy.

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genlogins
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Postby genlogins » Sun Oct 17, 2010 9:42 pm

Zen,
may be because I am so desperate to make money, I go in with a big lot. Also I have some good trades with M1 last week as I raise my Demo account over 50%.
G
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The Way To Money Is Using Simplicity And Take Small Loses

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Humble
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Postby Humble » Mon Oct 18, 2010 2:33 am

In a demo account you should be doing what you would do live. Use the 2% rule and demo amounts you would use in a live account.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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genlogins
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Postby genlogins » Tue Oct 19, 2010 11:02 am

Thanks guys,

I did got back on the real account just to have a 80% drawdown.
PLease read all here.

http://kreslik.com/forums/viewtopic.php?p=47371#47371


Thanks, Again.

Gen.
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The Way To Money Is Using Simplicity And Take Small Loses



================================================

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genlogins
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Postby genlogins » Thu Oct 28, 2010 8:52 pm

Well, this week was very disappointment as I am now 96.4% Drawdown.

I am left with just litle money.

I am trading following the signal, that is:

1- When The pop up window indicates for me to go short or long at the price, I enter short or long.

2- Hold it until is 2 pips gain, than move SL to breakeven +0.1.


Most times that does not occur, since price still moving when the pop up window says short/long, and it normally reverses back to the lower/higher price of the M5 indicator.

I cannot figure it out.
I kknow I did already some money trading like this, but it is not working because price most times reverses.


I have a SL of 10 pips.

Any quess where I can improve.

thanks
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The Way To Money Is Using Simplicity And Take Small Loses



================================================

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Humble
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Postby Humble » Fri Oct 29, 2010 7:02 am

You would need to post some charts.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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MightyOne
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Postby MightyOne » Fri Oct 29, 2010 8:30 am

genlogins wrote:Well, this week was very disappointment as I am now 96.4% Drawdown.

I am left with just litle money.

I am trading following the signal, that is:

1- When The pop up window indicates for me to go short or long at the price, I enter short or long.

2- Hold it until is 2 pips gain, than move SL to breakeven +0.1.


Most times that does not occur, since price still moving when the pop up window says short/long, and it normally reverses back to the lower/higher price of the M5 indicator.

I cannot figure it out.
I kknow I did already some money trading like this, but it is not working because price most times reverses.


I have a SL of 10 pips.

Any quess where I can improve.

thanks


The day you learn how to pull information from the chart with your own hands and listen to your own thoughts is the day you begin to learn how to trade.

Try this:

1. Clear you mind of all trading knowledge

2. Scan the chart back and forth for 5 minutes at a time WHILE KEEPING YOUR MIND BLANK.

3. Get up, eat & drink something, watch TV (whatever), Start at 1.


Don't think profit & loss

Don't think strategy

Just look.

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tmanbone
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Postby tmanbone » Fri Oct 29, 2010 1:33 pm

genlogins wrote:Well, this week was very disappointment as I am now 96.4% Drawdown.

I am left with just litle money.

I am trading following the signal, that is:

1- When The pop up window indicates for me to go short or long at the price, I enter short or long.

2- Hold it until is 2 pips gain, than move SL to breakeven +0.1.


Most times that does not occur, since price still moving when the pop up window says short/long, and it normally reverses back to the lower/higher price of the M5 indicator.

I cannot figure it out.
I kknow I did already some money trading like this, but it is not working because price most times reverses.


I have a SL of 10 pips.

Any quess where I can improve.

thanks


Post charts of your entries and exits so we can see what you are doing.
"The simplicity of the markets is it's greatest disguise"

T

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 29, 2010 1:34 pm

Learn to see:

http://www.youtube.com/watch?v=cKsBc9frHEA

Watch all of the videos.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

jarnapal
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Postby jarnapal » Fri Oct 29, 2010 2:37 pm

MightyOne wrote:
genlogins wrote:Well, this week was very disappointment as I am now 96.4% Drawdown.

I am left with just litle money.

I am trading following the signal, that is:

1- When The pop up window indicates for me to go short or long at the price, I enter short or long.

2- Hold it until is 2 pips gain, than move SL to breakeven +0.1.


Most times that does not occur, since price still moving when the pop up window says short/long, and it normally reverses back to the lower/higher price of the M5 indicator.

I cannot figure it out.
I kknow I did already some money trading like this, but it is not working because price most times reverses.


I have a SL of 10 pips.

Any quess where I can improve.

thanks


The day you learn how to pull information from the chart with your own hands and listen to your own thoughts is the day you begin to learn how to trade.

Try this:

1. Clear you mind of all trading knowledge

2. Scan the chart back and forth for 5 minutes at a time WHILE KEEPING YOUR MIND BLANK.

3. Get up, eat & drink something, watch TV (whatever), Start at 1.


Don't think profit & loss

Don't think strategy

Just look.


Thank you MO. Very wise words. That clearly eliminates the traders "hypoglycemic" effect.

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Thank you for your support.


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