Never Lose Again

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razorboy
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Postby razorboy » Tue Jan 06, 2009 7:26 pm

What is that..........argyle?

.
TheRumpledOne wrote:Image

Found this indicator here: http://codebase.mql4.com/4615

I added inputs so you can specify the Europe and NY session start and end hours.

MT4 indicator, including source code, attached.

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MightyOne
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Postby MightyOne » Tue Jan 06, 2009 7:31 pm

prochargedmopar wrote:Thanks MightyOne, I'll study your pics later it's 5hrs past my bed time.

BTW,
Line trade with H1 and D1
SELL eur/usd closed @ 1.3459 for +15

Buzzard after 4 candles
SELL gbp/usd closed @ 1.4899 +19

It's still rolling down and is @ 1.4888 now but I'm out and got to get some sleep.

I'm up +3 pips on the Day. Thank you very much.
Pro

Here are my last two days trades. Only 4th day to trade lifetime.
Went straight to live account. I have faith in TRO's systems.
Career W/L is +63%

2075776518 2009.01.05 15:01 sell 0.20 usdchf 1.1095 0.0000 0.0000 2009.01.05 15:06 1.1108 0.00 0.00 0.00 -23.41
2075776577 2009.01.05 15:03 sell 0.20 usdjpy 93.48 0.00 0.00 2009.01.05 15:17 93.43 0.00 0.00 0.00 10.70
2075776859 2009.01.05 15:14 buy 0.20 eurusd 1.3582 0.0000 0.0000 2009.01.05 15:26 1.3596 0.00 0.00 0.00 28.00
2075834960 2009.01.06 15:51 buy 0.20 eurusd 1.3395 0.0000 0.0000 2009.01.06 15:51 1.3385 0.00 0.00 0.00 -20.00
2075835130 2009.01.06 15:55 buy 0.20 eurusd 1.3392 0.0000 0.0000 2009.01.06 16:15 1.3403 0.00 0.00 0.00 22.00
2075836050 2009.01.06 16:18 buy 0.20 eurusd 1.3412 0.0000 0.0000 2009.01.06 16:31 1.3412 0.00 0.00 0.00 0.00
2075834923 2009.01.06 15:50 sell 0.20 eurusd 1.3385 0.0000 0.0000 2009.01.06 16:33 1.3418 0.00 0.00 0.00 -66.00
2075835442 2009.01.06 16:02 sell 0.20 usdjpy 94.30 0.00 0.00 2009.01.06 16:47 94.41 0.00 0.00 0.00 -23.30
2075839324 2009.01.06 17:17 sell 0.20 eurusd 1.3398 0.0000 0.0000 2009.01.06 17:24 1.3375 0.00 0.00 0.00 46.00
2075838387 2009.01.06 17:01 sell 0.20 usdjpy 94.51 94.60 0.00 2009.01.06 17:24 94.44 0.00 0.00 0.00 14.82
2075840229 2009.01.06 17:31 sell 0.20 eurusd 1.3361 0.0000 0.0000 2009.01.06 17:33 1.3377 0.00 0.00 0.00 -32.00
2075840695 2009.01.06 17:40 sell 0.20 eurusd 1.3387 0.0000 0.0000 2009.01.06 17:40 1.3389 0.00 0.00 0.00 -4.00
2075848671 2009.01.06 20:11 sell 0.20 eurusd 1.3474 0.0000 0.0000 2009.01.06 20:21 1.3459 0.00 0.00 0.00 30.00
2075848640 2009.01.06 20:11 sell 0.20 gbpusd 1.4918 0.0000 0.0000 2009.01.06 20:21 1.4899 0.00 0.00 0.00 38.00
0.00 0.00 0.00 20.81
Closed P/L: 20.81


There really isn't a "system."

I want to go short, but if I wanted to go long then what prices would I be targeting and how is price responding to those areas?

So I am looking at the other side of the deal and I see a breakout and a close for a ZL and then the next or a couple candles later I see a close below that ZL.
If I was long before I would only be thinking about exiting after a candle closed against me.

Looking at a trade from both sides gives you a clear picture:

Image

You just trade what you see

:wink:

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Postby pierre23 » Wed Jan 07, 2009 12:51 am

stormin50 wrote:Hey, Have anyone had any expericence with Zulutrade.com? I'm having trouble contacting them. any help would be apperiacted.


On their site:
* User 34000xx gained 1,342,273 pips in 63 trades since Nov 27

Thats an average of 21,305 pips gained per trade.... and thats if every one of those were winners. Is that not just a bit far fetched to you?

I have read reviews saying they are very slow at replying to emails, if any reply is given at all. I suggest before signing up to those things you read reviews etc on who you're willing to place your money in the hands of.

With this particular company any joe blow can sign up as a signal provider. If they had an account of one million dollars trading a few mini lots, they could easily put their SL to 999pips, almost always guarenteeing a win - therefore on the website shows they are a good provider with all these wins. In turn people add them as a provider, the provider gains commissions from this, and the customer gets shitty signals.

Don't bother with any of those signal providers, there would only be a handful out there that are actually good.

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Good trade

Postby PeterD » Wed Jan 07, 2009 1:31 am

I love your posts MightyOne, keep them coming, I learned a lot from you, as days went by, I think I am getting better and better at seeing your Zero Lines, they are everywhere at different timeframes.

So far I am still learning since this is my first forex trading experience, I have been able to double my account, and of course it's just a demo, not real money, I am sure it will be a different story when I trade with real money, I am sure I don't have so much guts...

So far, things I have learned:
- Get out as soon as you feel you are going the wrong direction, the less pips you loss the better.
- It's a matter of finding a good method of entry with the lowest risk and highest reward.

I don't know, it's sounds simple, but I think that's all there's to it?

I have been trying to trade with longer timeframe, less stress...

Attached is my last trade I just made with demo account, I got 80 pips.
I wish I would be able to do the same thing with my real account in the future!

Thanks again MightyOne and Avery, for making everything looks easy (trading without indicators).

Peter.
Attachments
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MightyOne
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Re: Good trade

Postby MightyOne » Wed Jan 07, 2009 2:30 am

PeterD wrote:I love your posts MightyOne, keep them coming, I learned a lot from you, as days went by, I think I am getting better and better at seeing your Zero Lines, they are everywhere at different timeframes.

So far I am still learning since this is my first forex trading experience, I have been able to double my account, and of course it's just a demo, not real money, I am sure it will be a different story when I trade with real money, I am sure I don't have so much guts...

So far, things I have learned:
- Get out as soon as you feel you are going the wrong direction, the less pips you loss the better.
- It's a matter of finding a good method of entry with the lowest risk and highest reward.

I don't know, it's sounds simple, but I think that's all there's to it?

I have been trying to trade with longer timeframe, less stress...

Attached is my last trade I just made with demo account, I got 80 pips.
I wish I would be able to do the same thing with my real account in the future!

Thanks again MightyOne and Avery, for making everything looks easy (trading without indicators).

Peter.


Your trade was so well done that it looks like it came from my own hands.

Just keep letting the chart talk to you and teach you how to trade.
Don't become attached to any one method of doing some thing.
Be flexible and always look for new information.


Never think about how much money is in your account;
it is just a number that lets you know when to increase your lot size and nothing more.

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razorboy
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Drawdown

Postby razorboy » Wed Jan 07, 2009 3:21 am

I was reading some text that TRO posted about trade management and it talked about draw down and how most traders - good and bad - are in draw down 85% of the time?

Have any of you found this to be the case? From what I have read from here and a few other sites, the "best" high probability trade set up should have little to no draw down (low risk/high reward).

Any thoughts

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Postby pierre23 » Wed Jan 07, 2009 3:50 am

Well, PeterD's trade he posted just above, and the posts from MightyOne - shows very little if any drawdown. If you can constantly pick out trades which ultimately have no/little drawdown then you'd be set. But the fact of the matter is you WILL have drawdown in your trades at some stage or another.

I guess thats where trade management comes into play, to determine if you will exit with profit or loss.

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Postby MightyOne » Wed Jan 07, 2009 4:44 am

pierre23 wrote:
stormin50 wrote:Hey, Have anyone had any expericence with Zulutrade.com? I'm having trouble contacting them. any help would be apperiacted.


On their site:
* User 34000xx gained 1,342,273 pips in 63 trades since Nov 27

Thats an average of 21,305 pips gained per trade.... and thats if every one of those were winners. Is that not just a bit far fetched to you?....
.


It is possible that they consider the pip gain per mini lot.
If you trade 1 mini and make 50 pips it will register as a 50 pip gain, but if you trade 1 standard it will register as a 500 pip gain.

If the above is so then I imagine it is possible to achieve a million+ pips if you trade a million to a million and a half currency per trade....

but I am just guessing.

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Postby prochargedmopar » Wed Jan 07, 2009 11:06 am

Advice Please,

My son (14) walked by while I was pipin yesterday and said hey, I can do that.
I was already planning to set him up a micro but told him He'd have to go through the babypips "school of pipsology" and read "trading in the zone" before I let him go at it. He gets $50 a week allowance so he can use his own money and a micro is only $25 to set up.


Now, I'm thinkin maybe he might have to un-learn some things from babypips If he reads all that. What do you guys advize? Maybe just have him read the NLA thread or set him up with BuyZone and teach him the bear bones basics about candles and what they represent. This will be like the blind leading the blind but maybe he can see some things I can't.

I even joked with my wife about setting our 5 kids in front of the computers and telling them we have a new game. Make the candles any color you want and just pick which way they are going to go...... they are all game heads anyway. Ages 6-14.
Thanks
Last edited by prochargedmopar on Wed Jan 07, 2009 12:20 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 07, 2009 12:12 pm

Image

Zero line.
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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