Great post FXtraveller,
[EDIT]
lukx zline trading log + cfabian p.35 + adaseb p.48
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Last edited by vane on Wed Mar 10, 2010 3:42 am, edited 1 time in total.
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MightyOne wrote:cfabian wrote:I saw this setup too, was about to enter at the break of the last and small bullish candle. Hesitated and missed the opportunity to pocket 120 pips. All was clear to me.
Why I hesitated? Because once again was afraid to lose. Last week got nailed heavily, and still hungover from it.
Well, this is how it is.JESGPY wrote:thanks man!
I marked a MZ incorrectly and missed this huge run down on GU. damm, there goes 70-100 pips.
MZ on 4h
entries in 15m
the good thing is this happens many times in the week.
JUAN
All that you can do is trade the best that you know how; if you go broke then you go broke.
You have to just accept the outcome and place the next trade like you just won 30 in a row.
adding another thought to what MO has stated.
you have to remove the emotion of win or lose from trading. making you have no emotional tie to value of money. Each trade is just a trade and thats all it is, money has to have no value.
its not easy to do, but it can be done.
i still go through it and always will to some degree.
i just moved my risk back down to 2%(on scalping) because i felt uncomfortable on what my lot size had gotten to.
like he said accept what happens and place each trade no matter what
if you do feel uncomfortable---- drop the lot size and build back up
trading= 90% psychological and 10% talent
Bend over and assume the position for another 4 years of hope and change.
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adaseb wrote:It almost sounds too easy, doesn't it?Fxtraveller wrote:How blatantly obvious were these?
I cant wait till summer for my academic break, I wont leave the screen for a second
Yeah, like MO says he trades with a 4-pack by his side. I hope to get to the point where I will challenge him who can get wasted as much as possible and still make handsome profits
In the mean time I got to stick to my 0.01 lots
16th Dec 2008 about page 130 to 140.
If you start reading the NLA thread from page 132 on 13th Dec, you will get a wealth of MO knowledge.
That said someone posted a "repository" of MO's posts, which would be a lot quicker to read. In my case I can no longer access the NLA thread.
Edit: I think a link was posted in this thread.
If you start reading the NLA thread from page 132 on 13th Dec, you will get a wealth of MO knowledge.
That said someone posted a "repository" of MO's posts, which would be a lot quicker to read. In my case I can no longer access the NLA thread.
Edit: I think a link was posted in this thread.
Is price closing higher or lower than something? Simple yet powerful question. ..MO
poipen wrote:i hate to be a "leecher" but can anyone point me in the direction of where MO starts explaining Z-lines in the "never lose again" thread?
Btw great trading Fxtraveller
1. Momentum crosses a line to the short side (lines are imaginary )
2. Price recrosses said line
3. Trade in expectation of price closing lower than said line in the period of time in which momentum has taking place (or 2 periods as a Rat setup is basically a slow burning wick).
4. wait for momentum.
5. liquidate at/below the lowest price.
Now lets say that you got your momo and the next candle broke out and then closed higher than the low extreme.
You can now look for long trades as price has shown an unwillingness to trade lower.
1. wait for momo
2. liquidate at/above the highest prices.
Oh, I saved you so much time
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