Never Lose Again

[es/pip]

all in all today made decent pips----- considering the market----------choppy


along with that other loser i had the one off the yellow lines--managed to get out at -10


thoughts?-------or is it just S#%$ happens sometimes

[TheRumpledOne]

TRO_Jacko_Trend_Plot
TRO_MultiMeter_Jacko




Do you guys remember Jacko's Trend?

Firstly, how do you know what the trend is?

DETERMINE THE TIME FRAME THAT YOU WANT TO TRADE.

1. If the graph on the chart starts in the bottom left hand corner and ends in the top right hand corner, the market is going UP.

2. If the graph on the chart starts in the top left hand corner and ends in the bottom right hand corner, the market is going DOWN.

3. If you are still confused, print it off and show it to a 5 year old...they will get it right EVERY time...LOL

I learned a couple of new commands so I wrote TRO_Jacko_Trend_Plot.

FREE MT4 version of TRO_Jacko_Trend_Plot and TRO_MultiMeter_Jacko, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ANYWHERE!

[TheRumpledOne]

MT4 Template attached.

[MightyOne]

all in all today made decent pips----- considering the market----------choppy


along with that other loser i had the one off the yellow lines--managed to get out at -10


thoughts?-------or is it just S#%$ happens sometimes

You have to realize that although you are referring to the candles you are trading the psychology that they induce.

There are 2 things that I value most when trading:

1. that price never close below my entry on my smallest time frame.

2. that my entry candle never closes opposite in color on the chart my analysis is pegged to.

I can't say that I did not learn a lot from reading NLA

Absorb the market conditions and how you reacted with what happened and learn from your mistakes.
If you trade systematically day in and day out without change then you will eventually lose your edge.

+

Try scalping with stop reverse orders to offset losses.

Think about a 1/2 position reverse with 2/3 your stop trying to recover at least 1/2 your losses.

If you use experts then set an expert to manage your reverse only by changing the "manage long/short" option accordingly.

[MightyOne]

Here is how I mark off a trading range:

[MightyOne]

[es/pip]

all in all today made decent pips----- considering the market----------choppy


along with that other loser i had the one off the yellow lines--managed to get out at -10


thoughts?-------or is it just S#%$ happens sometimes

You have to realize that although you are referring to the candles you are trading the psychology that they induce.

There are 2 things that I value most when trading:

1. that price never close below my entry on my smallest time frame.

2. that my entry candle never closes opposite in color on the chart my analysis is pegged to.

I can't say that I did not learn a lot from reading NLA

Absorb the market conditions and how you reacted with what happened and learn from your mistakes.
If you trade systematically day in and day out without change then you will eventually lose your edge.

+

Try scalping with stop reverse orders to offset losses.

Think about a 1/2 position reverse with 2/3 your stop trying to recover at least 1/2 your losses.

If you use experts then set an expert to manage your reverse only by changing the "manage long/short" option accordingly.

well this gives me a :idea: and also a


but i cannot ask the q---bec i have had no sleep and my head feels like it is going to explode and my eyes are going to fall out of my head

but my mind is going hmmmmmmmmmmmmmm

need to think on how to say what i want to say--------lol

thanks

[TheRumpledOne]

Here is how I mark off a trading range:



- "MightyOne"

========

The question that is begging to be answered is WHEN DID YOU MARK THAT RANGE?

Did you mark it on THAT CHART with all of those bars or did you mark it earlier?

Looks like I could code an indicator to plot those lines.

[TheRumpledOne]

FREE INDICATORS

[TheRumpledOne]

Using the FibGenerator_TRO_MODIFIED, with the fibs turned OFF.

See the inside bar breakout through the trend line.