2009.09.10 DRAIN THE BANKS - LIKE A RAT

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MightyOne
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Postby MightyOne » Tue May 04, 2010 6:04 am

TheRumpledOne wrote:
flex wrote:Image

looks better, but... i get "wiggled" out a lot! and the commissions using mbt turned the small profit into overall loss.

advice?


1) Looks like you are OVERTRADING.

2) Looks like you are JUMPY. That last trade would have made you a pile of pips.

Remember, sooner or later, price is going to reverse for a bunch of pips.


I agree that he is overtrading.

He lacks commitment to one direction.

When you try to unfold the market, the only thing that gets unfolded is your account.

Trading in one direction is an excellent answer to the commitment problem.

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flex
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Postby flex » Tue May 04, 2010 8:30 am

thanks, but these trades were all long trades since i am a green rat. all valid green rat signals, too. which ones shouldn't i have taken and why?

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pablo101
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Postby pablo101 » Tue May 04, 2010 8:39 am

*sitting back with popcorn* :)
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Pro Trader
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Postby Pro Trader » Tue May 04, 2010 9:12 am

flex wrote:thanks, but these trades were all long trades since i am a green rat. all valid green rat signals, too. which ones shouldn't i have taken and why?


Flex try trading with H1 only.

flex
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Postby flex » Tue May 04, 2010 11:11 am

thanks, i'll try that tomorrow. as for today i had to quit anyway...

RESULTS
Image

i guess i wasn't very lucky.

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Postby Pro Trader » Tue May 04, 2010 11:38 am

flex wrote:thanks, i'll try that tomorrow. as for today i had to quit anyway...

RESULTS
Image

i guess i wasn't very lucky.


The first 2 trades were against H1, the others were with H1 and you could have come out with profit.

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bredin
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Postby bredin » Tue May 04, 2010 12:14 pm

Pro Trader wrote:
flex wrote:thanks, i'll try that tomorrow. as for today i had to quit anyway...

RESULTS
Image

i guess i wasn't very lucky.


The first 2 trades were against H1, the others were with H1 and you could have come out with profit.
Or taken smaller losses by dumping when a candle closes against you.

..that may be yale territory, cant remember if the instructions allow for that :)

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flex
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Postby flex » Tue May 04, 2010 12:35 pm

tro's advice was to take rather a full stop instead of a smaller one since price can always reverse.

look at the chart from yesterday when i got out with small profits. i missed the big run. so following tro's advice i tried to let the profits run today.

tomorrow i'll definately trade with h1 color, thanks. :)

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TheRumpledOne
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Postby TheRumpledOne » Tue May 04, 2010 12:57 pm

Image

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

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TheRumpledOne
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Postby TheRumpledOne » Tue May 04, 2010 3:55 pm

Image

RESULTS.
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.

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