lukx zline trading log + cfabian p.35 + adaseb p.48

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lazygeorge
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Postby lazygeorge » Mon May 10, 2010 3:30 pm

Hi MO


Just wanted to know if the stoploss calculation was still M15 (480) * 1

If anyone can help me find the tro range count indi,i cannot seem to locate anywhere.....thanks....

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adaseb
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Postby adaseb » Mon May 10, 2010 4:18 pm

TygerKrane wrote:
vane wrote:
TygerKrane wrote:
vane wrote:
lukx wrote:you're 23 and forex already changed your life ?! damn it's not fair :) when I'm gonna see some money out of this fx :) (my parents had to left country for some time to put food on the table I had to left my country to put food on my table ! s**t when it's gonna end !!!??? I WANT TO BE PROFITABLE FINALLY !!!


lukx personally the first thing i change and after that the whole theory about z lines go inside me quickly, is my mentality, you are thinking like a systematical trader and that is not the way.

watch this example (lol)

you have to fight against a man (the market) and the people will pay you for win against him

Image

before the fight you have 2 friend and every friend give you an advice of how defeat this man.

Then we gonna lisent the 2 friends:

* Friend 1: Men i have a plan every time that him send you a punch to your face you kick his shin and every time hes in the corner you fly and try to kick him in the face(Systematical)

* Friend 2: Look i dont have nothing to tell you because i dont know how this big man fights, the only thing is teach you how to fight, ill teach you the basics for a week and after that you have to react agree to his moves, we dont know what will happen but for sure will be a good fight. (Discretionary)

your answers for your friends:

Friend 1:Are you crazzy? how i gonna defeat that man with that (but for trading the people do other thing hmm)

Friend 2: OK this is the best i can do, maybe he beat me this time but after some fights and months of practice some day ill beat him,, my friend 1 is an A$$hole he want that man kill me.

Result:

Following the Friend 1:

Image

Image

That fight was stupid the man almost kill you and you dont learn anything for the next fight. Oh no next fight, yeah baby you have to fight with him a lot of times.

Following the Friend 2:

Image

Well to the end of the fight you lose but you learned a lot of things about your opponent.
________________

in summary: Why not becoming a discretionary trader?

-you need to adjust to what the marketing is telling you-newark18

--"Pick one method and one pair and stick with them until you master (yourself). "

-Practice, Practice and more practice.

The human brain learn faster with some stupidity ;P

P.S. hahaha I laughed a lot doing this for you lukx :P


LOVE that post, Vane!

Listening to Friend 1, you fall on your back, then get killed!


That was only a example Tyger was very simple but for the new ones like me is a good way or see the things ;) , i know that outside there a few very good systems but the human not have a limit like a system and you will be improving with the time.

The real word in this business is "practice" and a lot of it.

i love you like it ;)


Why do I always get goosebumps when a lady calls me "Tyger" :shock: :oops: :smt048

adaseb, Braathen, vane,:
Please keep posting up those 15 minutes charts!!

Do you do your trading during your regular, awake hours?? Or do you also wake up in the middle of the night to catch setups off of the 15 minute?

Thanks,
Krane


No I typically trade when I can.

However I almost always trade the london+ny session. Hence its a 10PM-10AM job for me.

Sometimes its tough staying up all night long.

But you gotta do what you gotta do.

Image

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MightyOne
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Re: another one trade

Postby MightyOne » Mon May 10, 2010 4:22 pm

MAXiMUS_ wrote:Again profitable trade and again I moved my stop loss. And SL was hit :)
this time +47 pips.
This screen can tell you how good this trade could be :)



Trading 101:

Either take a loss or take a profit

DO NOT MOVE STOPS


When you decide that you want to get out then set a limit order on the high/low extreme.

DO NOT GIVE UP THOSE PIPS on pain of death :shock:

Looking at just 3 retracements from the extremes on 4H moves I can see the the average number of pips given up on would be 63 pips.

63 pips * 21 trading days is 1,323 pips per month that you are just throwing away.

Do you even make over a thousand pips per month?

Then how can you throw them away...you just can't.

$10/pips: $13,230

For a $10,000 account (10 to 1), I am sure that you can see how this is the difference between winning and losing.

FXfreak
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Postby FXfreak » Mon May 10, 2010 4:39 pm

wonderful day! this is the first time i got 150 pips although i missed that last move on the pound...

i doubled my account in the last week! mo, tro, dragon, es/pip and all the others: THANK YOU :-) it is a strange feeling to see my account growing...i only knew how it was to lose day by day. time to change that ;-)

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adaseb
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Postby adaseb » Mon May 10, 2010 4:53 pm

Those gaps on the euro pairs are just begging to be filled.

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Braathen
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Postby Braathen » Mon May 10, 2010 5:11 pm

Nice one FXFreak! congrats :)

Heres my last trade for today.. i didnt murder anyone this time.. just gently punched them in the stomach and grabbed there cash

Image
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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newark18
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Postby newark18 » Mon May 10, 2010 5:19 pm

hmmm, I am not liking this. I got in a little too early and got stopped out before the real move down. I should have gotten back in as the combined M15 candles still respected my S&R.

This was a 100 pip move that I missed! :cry: #-o

Image
Failure is an opportunity to learn.

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TygerKrane
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Postby TygerKrane » Mon May 10, 2010 6:53 pm

adaseb wrote:
TygerKrane wrote:
vane wrote:
TygerKrane wrote:
vane wrote:
lukx wrote:you're 23 and forex already changed your life ?! damn it's not fair :) when I'm gonna see some money out of this fx :) (my parents had to left country for some time to put food on the table I had to left my country to put food on my table ! s**t when it's gonna end !!!??? I WANT TO BE PROFITABLE FINALLY !!!


lukx personally the first thing i change and after that the whole theory about z lines go inside me quickly, is my mentality, you are thinking like a systematical trader and that is not the way.

watch this example (lol)

you have to fight against a man (the market) and the people will pay you for win against him

Image

before the fight you have 2 friend and every friend give you an advice of how defeat this man.

Then we gonna lisent the 2 friends:

* Friend 1: Men i have a plan every time that him send you a punch to your face you kick his shin and every time hes in the corner you fly and try to kick him in the face(Systematical)

* Friend 2: Look i dont have nothing to tell you because i dont know how this big man fights, the only thing is teach you how to fight, ill teach you the basics for a week and after that you have to react agree to his moves, we dont know what will happen but for sure will be a good fight. (Discretionary)

your answers for your friends:

Friend 1:Are you crazzy? how i gonna defeat that man with that (but for trading the people do other thing hmm)

Friend 2: OK this is the best i can do, maybe he beat me this time but after some fights and months of practice some day ill beat him,, my friend 1 is an A$$hole he want that man kill me.

Result:

Following the Friend 1:

Image

Image

That fight was stupid the man almost kill you and you dont learn anything for the next fight. Oh no next fight, yeah baby you have to fight with him a lot of times.

Following the Friend 2:

Image

Well to the end of the fight you lose but you learned a lot of things about your opponent.
________________

in summary: Why not becoming a discretionary trader?

-you need to adjust to what the marketing is telling you-newark18

--"Pick one method and one pair and stick with them until you master (yourself). "

-Practice, Practice and more practice.

The human brain learn faster with some stupidity ;P

P.S. hahaha I laughed a lot doing this for you lukx :P


LOVE that post, Vane!

Listening to Friend 1, you fall on your back, then get killed!


That was only a example Tyger was very simple but for the new ones like me is a good way or see the things ;) , i know that outside there a few very good systems but the human not have a limit like a system and you will be improving with the time.

The real word in this business is "practice" and a lot of it.

i love you like it ;)


Why do I always get goosebumps when a lady calls me "Tyger" :shock: :oops: :smt048

adaseb, Braathen, vane,:
Please keep posting up those 15 minutes charts!!

Do you do your trading during your regular, awake hours?? Or do you also wake up in the middle of the night to catch setups off of the 15 minute?

Thanks,
Krane


No I typically trade when I can.

However I almost always trade the london+ny session. Hence its a 10PM-10AM job for me.

Sometimes its tough staying up all night long.

But you gotta do what you gotta do.

Image


adaseb,
what part of canada are you in? Well what time zone, I mean.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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lukx
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Postby lukx » Mon May 10, 2010 6:58 pm

wow Brathen, you got balls to deal with GBPJPY beast :)

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MightyOne
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Postby MightyOne » Mon May 10, 2010 7:25 pm

lazygeorge wrote:Hi MO


Just wanted to know if the stoploss calculation was still M15 (480) * 1

If anyone can help me find the tro range count indi,i cannot seem to locate anywhere.....thanks....


Something unexpected happens / price closes over a line then get out.

The most that I can lose in a week is 4% so I have a cat stop of 3.5%.

When up 2%+ then I use that as my max weekly loss.

Once up 10% the market is my playground.

If the trade is a weekly+ CC then the gains get carried over into the next several weeks/months.


Considering that my account may jump tens of percent in a matter of days I would say that losing is impossible.

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