Never Lose Again

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prochargedmopar
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Postby prochargedmopar » Sat Jan 17, 2009 11:29 pm

What is that? and ???, I would like to know/see.

The ZL line thing seems to work beautifully but I can't put it to use until I understand what it is.
Is it kinda like S/R levels?

Basic price analysis:
I'm starting to feel that I should not take any "trade" without first using what is taught here>>>>>
http://elitetrader.com/vb/showthread.ph ... genumber=1

Is that true?
I've got to make 20pips a day and I will be FREE. No more slavery for me.
Can someone help?
#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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MightyOne
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Postby MightyOne » Sun Jan 18, 2009 2:18 am

prochargedmopar wrote:Is that true?
I've got to make 20pips a day and I will be FREE. No more slavery for me.
Can someone help?


You really want to be successful as a trader?

Pull together $400 and put it in an account with the goal of placing a trade and exiting with the smallest loss.
Do not even consider making money just continue to practice losing professionally.

A strange thing will then happen...

your account will grow :wink:

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razorboy
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Postby razorboy » Sun Jan 18, 2009 2:32 am

I kinda agree with this - @ first, its way more important to know when you are just about to get FUBAR'ed and get out before it happens.

Figure out why the trade went against you and then you can learn to protect yourself going forward

MightyOne wrote:
prochargedmopar wrote:Is that true?
I've got to make 20pips a day and I will be FREE. No more slavery for me.
Can someone help?


You really want to be successful as a trader?

Pull together $400 and put it in an account with the goal of placing a trade and exiting with the smallest loss.
Do not even consider making money just continue to practice losing professionally.

A strange thing will then happen...

your account will grow :wink:

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razorboy
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Postby razorboy » Sun Jan 18, 2009 2:36 am

The ZL thing is when price makes run a prior support/res line or trend line.
sometimes it breaks and sometimes it doesnt


prochargedmopar wrote:What is that? and ???, I would like to know/see.

The ZL line thing seems to work beautifully but I can't put it to use until I understand what it is.
Is it kinda like S/R levels?

Basic price analysis:
I'm starting to feel that I should not take any "trade" without first using what is taught here>>>>>
http://elitetrader.com/vb/showthread.ph ... genumber=1

Is that true?
I've got to make 20pips a day and I will be FREE. No more slavery for me.
Can someone help?

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prochargedmopar
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Postby prochargedmopar » Sun Jan 18, 2009 7:04 am

You really want to be successful as a trader?

YES.
exiting with the smallest loss.

OK.
Really all I need is 10 pips a day.
I put 880ish into a mini and turned it into 580. Guess I got 180 to go before I start to become successful. lol
I also have a micro with 100 in it. I may use it next instead.
I cashed out 3 weeks vacation and some stock money so I've also got 3869.00 "waiting" to be used.
I'm serious, you will see.
Any help is appreciated greatly.
Thanks to both.
#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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Postby ajaymein » Sun Jan 18, 2009 8:38 am

Wowowowow...I just read this entire thread in the last 13 hours with 2 food breaks in between.....wowowowow I think my head is going to explode! But, a lot of good knowledge and I am looking forward to trading what I see and feel price doing tomorrow =)

Thanks TRO and MO for all the continuous posting and education you guys give us...however, I do find a lot of MO's stuff quite confusing (esp. the charts!) but I think I will get the hang of them soon enough!

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Postby ajaymein » Sun Jan 18, 2009 8:42 am

Oh yea, I forgot to mention that I had previously read the entire BabyPips Never Lose Again thread back in early December and got distracted with some things till I was able to return back to this!!

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MightyOne
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Postby MightyOne » Sun Jan 18, 2009 11:39 am

ajaymein wrote:Wowowowow...I just read this entire thread in the last 13 hours with 2 food breaks in between.....wowowowow I think my head is going to explode! But, a lot of good knowledge and I am looking forward to trading what I see and feel price doing tomorrow =)

Thanks TRO and MO for all the continuous posting and education you guys give us...however, I do find a lot of MO's stuff quite confusing (esp. the charts!) but I think I will get the hang of them soon enough!


13 hours! ? ! It took me days to read through NLA...

Allow me to decode the pics for you:

Wicks in the direction of loss and bodies in the direction of profit.

Now ask your self why you would be looking for this in your charts.

:shock: I just couldn't help re painting my charts.
I have a need for things to be new and exciting I guess :roll:

Image

I edited the range count indi and took the indi's off my chart that were making me feel overly clothed. :evil:
Attachments
peeweesplayhouse.tpl
Mag. Market Price, 1/3 dots, B_clock TRO MOD, Candles m-candles-dot, $ TRO TIME, & Dragon.
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candles_m-Candles_dot.mq4
Dotted instead of solid H1
(6.41 KiB) Downloaded 267 times
Last edited by MightyOne on Sun Jan 18, 2009 6:12 pm, edited 1 time in total.

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MightyOne
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Postby MightyOne » Sun Jan 18, 2009 11:54 am

8) *puts reading glasses on and tries to find 10 pips a day in the book of TRO*

:shock: Nope, it only says DRAIN THE BANKS!

3clipz3
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Postby 3clipz3 » Sun Jan 18, 2009 2:17 pm

Finished my first reading through Never Lose Again on Babypips forums. I've created an Excel file with organized notes that filter what I thought was important to know and people's strategies and rules.

Even thought these notes are COPY-PASTED from the thread Please do NOT use my notes as an reason to skip reading all 275+ pages as what I SEE and THINK will be different than what you will experience and learn. I welcome any comments or corrections on my notes anyone may have. Enjoy!
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Never Lose Again Notes By 3clipz3.xls
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Last edited by 3clipz3 on Sun Jan 18, 2009 10:15 pm, edited 1 time in total.

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