2009.03.17 TRO - NEVER LOSE AGAIN!!

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pika
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Postby pika » Thu Nov 11, 2010 9:46 am

genlogins wrote:I still trading, But I feel I shouldn't any more for today, but the money is there.

mixed emotions.

Gen

The hardest part in trading is not the method or money management. It's our very own emotions and trading discipline. Don't let the emotions play tricks on you. Once you have hit your daily target, get out and shut down the platform. If you get stopped out, don't jump back in immediately. This behaviour tends to be motivated by the urge to retrieve your immediate losses rather than complying to your plan or method. Take a break. Either stop for the day or return to the game after an hour or two and decide if another setup opportunity is in the making.

The more eager you are to make money, the easier it is to lose out to the market. It's strange, but it's true. I have experienced it, and I'm very sure every trader will pass through this stage before they can be succeessful.

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genlogins
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Postby genlogins » Sun Nov 14, 2010 11:13 am

yep , you are right pika.
thaks m8
ge
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genlogins
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TRO NLA + Gen Scalping Mode M1

Postby genlogins » Wed Nov 17, 2010 9:43 am




TRO NLA + Gen Scalping Mode M1

I had the NLA signal for sell, and on the M1 I saw that price hit a high and it would be coming down.

I was going to short with 0.01, but I was so sure that I went int with 0.1.

I collected 5 pips with a trailing stop.


Question after was could I collect on point A more. No, I was running very high emotions when price turned, only when price moved towards my profit I relaxed and inserted trailing stop.

I did not wanted to trade any longer as I waited 2 hours looking at the screen for that move, so I closed the station.

But I made a prediction looking at price at the time and said "Price will fall today". I was tempted to leave an open position with 0.01, but my strategy is

"NEVER under any circumstance LEAVE a trade ALONE, NEVER EVER."


At the end of the day, I could catch 100 more pips.

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genlogins
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Postby genlogins » Wed Nov 17, 2010 10:02 am




Today's trade: 2x win 1x loss.


1ST Entry:
Image above I when in at A, price retraced on me, but I hold it. Than once 5 pips positive I inserted the trailing stop.

Than price retrace back exactly to the trailing stop on the 3rd candle counting from point A.


Question:

1- I have a method of trailing stop after price reached 5 pips. It is the 5th time price retraces to take me on 0.1 of pip. How would you guys do? how would you put the trailing, or just manually move the SL?



2nd Entry:

Entry at point B, trailing stop did not activate, only to be activated on 3rd candle after point B. A good trade looking after the event of price moving up. But at the time, I was feeling insecure about trailing stop.

question 2 - Should I just stop using trailing?



3rd Entry:

This was just a stupid entry, of course, after the fact.

I saw on H1 the semafor 1, as shown on the graph below. Than I predicted price to go to position X on the graph below, breaking new high for the day.

I enter because NLA gave signal to enter, and since price was 20 pips from high, I enter.

As I enter price just went to make that high I predicted, taking my SL. :(

Fortunaly I controled my greediness and just did lot 0.01. 8)





--------------------------------- PREDICTIONS -----------------

I predict that today price on EU will go to the value of 61 Fibs, as shown in graph below. So all green rats will be happy. :)

---------------------------------------------------------

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TheRumpledOne
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Postby TheRumpledOne » Wed Nov 17, 2010 12:23 pm

After price makes a new lower dynamic support, look for price to bounce. If you are short, think about taking some profit off of the table.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby genlogins » Wed Nov 17, 2010 10:33 pm

he he... today I am happy, ended the day with a great control over myself, 3 great trades as above.

And a even great prediction for you Green Rats.

The price did not whent to 61% but was close.

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

I am thinking in opening a Forex Predictions Service.

:) :) :) :) :) :) :) :) :) :) :) :)

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


Well better than any one of those signals services out there. Plus you will enjoy some funny moments.


Thanks TRO for the tip.
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TheRumpledOne
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Postby TheRumpledOne » Thu Nov 18, 2010 2:56 pm

Leave predicting to fortune tellers.

Now, get back in there and trade!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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genlogins
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Recuperated from disaster

Postby genlogins » Sat Nov 20, 2010 10:39 pm

Hi all,

After that disaster on Thursday, I have now another line on my trade system.

1 - Make sure that no one, absolutely no one other than you are on the trading room.

2- Do not open the door.

3- Do not answer the mobile.



Now on Friday this is what happened:







Point A entry and 10 pips loss. Well the semafor was there, the audible take trade was there, the within 20 pips of the daily high was there.

So, what was wrong? Nothing. Yep, nothing, the last bull candle was too strong and had loads of momentum. Even with a litle retracement, it was not enough to hold those BULLS... A case to say mmmmooooooooo.....
:lol:

Second trade B, I enter earlier. I knew I could not hold those Bulls, but I could just take 3 to 5 pips. And that was what I took, about 2 pips.

I than, waited, because i saw that, that was a [glow=red]Train full of Bulls[/glow], again, mmmooooooooo.... :lol:

And it would last longer than I expected, by about 12 or 13 it will be over.

Of course there was other moments I could get in, in hindside yes, but at that moment I couldn't get in because I was just waiting for a bog movement, and those weren't.

At about 12, I said to my self, it is about this time that the train will be stoped and bulls out, and BEARS in.

Since price made appear 2 Semafors 3 in the 20 pip zone, I though that was it. I waited until prive could retrace. Which did 3 times, and at the 3rd time that the audible sound alert showed go short at the same price level, I whent short.


On point C is where I was taken by price because I had a trailing stop. Well I got 9.6 pips. Price did reverse to my entry, than gone all do way to heaven. I would be in heaven, But why didn't I enter?


Isn't it rule that we enter when price is within 20 pips of the high? That is price must be between 0 and 10 pips from the daily high.

Am I correct?


I wanted to go in, but I said "For Once Follow The Rat Rules, 20 pips fro the high".

You can see better on the M5 bellow. You see far more things on M5 than M15 when price is moving.

Take a look.









[glow=red]
Well, I don't regret the trades at all. After all, I left some money on the table for you red rat fellows at kreslik.[/glow]


Take care.

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Postby TheRumpledOne » Sun Nov 21, 2010 4:26 pm

You need to trade like a RAT:


RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby genlogins » Mon Nov 22, 2010 10:10 am

Thanks TRO,

I just wakeup today, and tought. "What in a hell am I eating with that Avatar?"

Myself, that was not blood comming out of my avatar mouth, it was my red candles. I am here not to eat my self, but to eat cheese.

So After changing the avatar to a RED RAT eating CHEESE, I got 2 straight positive trades. Small but positive.

Thanks, All.
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