Aliassmith Psychology 101 and other stuff

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adaseb
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Postby adaseb » Sat Mar 27, 2010 9:55 pm

Image

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JESGPY
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Postby JESGPY » Sat Mar 27, 2010 11:07 pm

deleted for personal reasons
Last edited by JESGPY on Sun Mar 28, 2010 10:33 pm, edited 1 time in total.

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es/pip
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Postby es/pip » Sat Mar 27, 2010 11:24 pm

adaseb wrote:Image



just because you have a line on a chart does not mean you just blindly take it


such is also so for a ZL

:wink:


at 2% per 10 pips

is that too much work to make 8% every day

not for me lol

but i am not normal and could be considered a tad insane at times :D
Bend over and assume the position for another 4 years of hope and change.

aliassmith
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Postby aliassmith » Sat Mar 27, 2010 11:41 pm

adaseb wrote:Image


Looks to me as though you let that -10 SL get hit way to often. You
seem to play to many trades also.

As a side note I would have to agree with ES/PIP that 8% in a day is
nice.
Trade Your Way as Long as It Makes Money!

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adaseb
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Postby adaseb » Sun Mar 28, 2010 12:12 am

I've been trying to mimic most of your trades es/pip.

Yes 2% per 10 pips is nice but imagine getting into 5 losing trades in a row, that would put you at a -10% loss.

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Postby kcbnyc » Sun Mar 28, 2010 12:20 am

How do you guys set up the s/r lines, do you have an indicator that draws them? If no indicator, what's the criteria or method how you determine the entry lines?

v/r
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pablo101
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Postby pablo101 » Sun Mar 28, 2010 1:28 am

JESGPY wrote:This would have been the scalps for friday.. I cant wait till monday.

I love this stuf it is so simple but very powerfull!

Areas on 15m
Image


Entries on 5m

Image

Image

When the SLs are too big i think the trade is not worth taking it.

Targets should be previous MZs, or when you see price turning.
A sing to bail is when you have an MZ on 5m when your in the trade and the MOs candle is broken and the candle closes below it.

JUAN

JUAN


Love this stuff too but tough in real time, will post my charts in a mo
What line? The line that tells you which way you are trading! - MO

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es/pip
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Postby es/pip » Sun Mar 28, 2010 2:35 am

adaseb wrote:I've been trying to mimic most of your trades es/pip.

Yes 2% per 10 pips is nice but imagine getting into 5 losing trades in a row, that would put you at a -10% loss.


i never have 5 losers in a row 8)

you cant just start trading at 2% per 10

you have to dial it in first and have faith in what you are doing

my largest loser in the past 2 weeks scalping--- was -7


edit-------------

i think it was around -7

i make so many trades i really have no idea

but 7 sounds around right

may have had a -10 sneak in there cant remember
Bend over and assume the position for another 4 years of hope and change.

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JESGPY
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Postby JESGPY » Sun Mar 28, 2010 5:07 am

pablo101 wrote:
JESGPY wrote:This would have been the scalps for friday.. I cant wait till monday.

I love this stuf it is so simple but very powerfull!

Areas on 15m
Image


Entries on 5m

Image

Image

When the SLs are too big i think the trade is not worth taking it.

Targets should be previous MZs, or when you see price turning.
A sing to bail is when you have an MZ on 5m when your in the trade and the MOs candle is broken and the candle closes below it.

JUAN

JUAN


Love this stuff too but tough in real time, will post my charts in a mo



yeah.. i dont say it is easy to excute.
but the concept is simple.

I have been trading profitably 4h MZs live.

i will try this demo from next week while i wait for my real trades to trigger.
If i can do this then ill have some other way of pulling some pips while i wait for the big trades.

JUAN

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Postby aliassmith » Sun Mar 28, 2010 1:18 pm

To preface the following I would first like to say that I love to help people
learn to trade and share my observation :)

The thing is I was reminded recently about a time in my life when I was
trading and making about 100% a month.

A nice man that I met online introduced me to a trading method and
broker which changed my view of trading possibilities and life.

He and I would chat on Skype and discuss up coming trade possibilities
and take them together. Then there was another person in the Skype
room with us doing the same thing. Then another person had joined us.

My mentor was a very generous man. In fact he was so generous, dispite
my warning, he told a lot of people.

Now I flash forward to MIghtyOne. Why does he share all this info about
trading and why does he tend to leave something out.

I forgot and now remember. If you have a working/profitable trading
method especially on low timeframes, do not share your exact entries,
exit, TP, SL, Trail Stop, etc.

When enough people take the same entries and possibly are at the same
broker liquidity is sucked up and then everyone starts to fight for scraps.
It then comes down to who has the fastest connection to the broker. I
actually rented a server near my broker to get my orders there faster. :roll:

The point is I will not jepordize my trading future or anyone elses that I
trade with by giving away my/our specific trading details. So, I think I will
refrain from posting charts with specific entries and exits on the small
timeframes.

Going from making 100% a month to taking a year to learn a whole new
trading style "BLOWS" :x
Trade Your Way as Long as It Makes Money!

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