Never Lose Again

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pierre23
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Postby pierre23 » Thu Mar 19, 2009 1:31 am

If a major news release comes out and it forms a '3' whilst doing a big jump up in price, chances are it'll keep going in the same direction full steam ahead. Trade in same direction as price is going, especially in volatile times such as major news releases

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prochargedmopar
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Postby prochargedmopar » Thu Mar 19, 2009 1:40 am

Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image
#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 » Thu Mar 19, 2009 1:44 am

es/pip wrote:
MightyOne wrote:es / pip did you just get that +60% account stimulus package on the EURUSD?
Jeeeeeeeeeeeeeez!


lol i got some of it--------- couldn't find a place to get in till here



where did you get in chart?

lol

:D

Image


Me? No ::(: I was too busy with calculations and updating the indicators that TRO was sending to trade that, but it was possible to catch.

I knew that you were taking that chart to the cleaners and was just interested to know if you hit that home run.

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MightyOne
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Postby MightyOne » Thu Mar 19, 2009 2:38 am

prochargedmopar wrote:Hmmmmm.
I was up 18.9 today on a few good trades. Practicing on my micro with .20 pips.
Then the news came out. Switched to MT4 to bag some cash.
Took short trade off semifor 3 on g/u run-up where espip got in long.
Doh. Couldn't let go. lol was down 40 pips before I hedged. Closed the hedge at +47, it kept going. Pulled back from a -125 to -80 and almost closed it when it shot up again.....ended up closing it out around the -150 mark. $4XX.00 is a big loss on my 1k account. Took a couple other quick trades and got some back so all in all I ended up down $276.
Whew, lol
Kinda messed up my day.
This eve. session I'm down 20pips on micro $1ers'.
This will teach me to trade reversals when they are not in the zone. I can't scalp by winging it for some reason.
I've been trying out the new Dynamic buyzone and it's killing me.
Looks great on the chart to the left after the fact.
Not even sure what I learned, will have to mull over it at work tonight.
Back to the MightyZone I quess.


It is possible that deep down inside you feel that you should always lose after you place a trade.

It may sound crazy, but if you don't first believe that you should win then no method will be able to help you.

Repeat after me:

I SHOULD WIN THIS TRADE
I CAN WIN THIS TRADE
I AM MAKING IT HAPPEN RIGHT NOW

Those are the only words you can say while you are sitting down trading at you computer.

If your wife walks in then pick one at random:

Wife: How are you doing honey?
PRO: I AM MAKING IT HAPPEN RIGHT NOW

WIFE: Making what happen?
PRO: I CAN WIN THIS TRADE.

WIFE: That's great...
I am going to the store do you need me to pick you up anything while I am out?
PRO: I SHOULD WIN THIS TRADE.

As my father always says,"promise a man 72 virgins and he will die trying to make it happen."

Die trying to make it happen PRO :wink:

deeforex
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Postby deeforex » Thu Mar 19, 2009 3:07 am

MightyOne wrote:As my father always says,"promise a man 72 virgins and he will die trying to make it happen."

Die trying to make it happen PRO :wink:


:smt043 :smt043 :smt043

Guys will be guys.

Great mantra

I SHOULD WIN THIS TRADE
I CAN WIN THIS TRADE
I AM MAKING IT HAPPEN RIGHT NOW


Ms. Dee

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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 19, 2009 3:42 am

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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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TheRumpledOne
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Postby TheRumpledOne » Thu Mar 19, 2009 3:47 am

Image
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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es/pip
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Postby es/pip » Thu Mar 19, 2009 4:40 am

prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image

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cfabian
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Postby cfabian » Thu Mar 19, 2009 5:01 am

es/pip wrote:
prochargedmopar wrote:Question:
If I combine the last 3 closed H1 candles does that make the long blue lines a Mighty zone?
If I combine the last 4 closed M5 candles does that make the shorter blue lines a Mighty zone?

It looks to me that price ran away from both and didn't give one much of a chance (wick) to get in.
See second pic for M5 run away.
Image

Image


pro,

not sure why u are combining multiple candles to get the zone---unless u are looking for a higher time frame inside the smaller chart---but i dont think that is what u are doing

reread MO's post when he talks about the creating the zone

this is how i see the 5 min chart in that seq.

just bec u have a zone doesnt mean u just flat out take it

poss. long zone= blue

poss short zone = magneta


just how i see it

Image


es/pip

What is the criteria to "do not take all the zones"? I can see the 2nd blue would be a loss, but how to know you shouldn't take that one?

I can see on your charts that you do not enter on the ZL, you wait a bit and get in leaving some pips on the table... is this how you "make sure" the candle goes to your direction, by waiting it starts to pull your way?

If that is the case, you enter with limit or stop orders?

Thanks

stationmichal
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Postby stationmichal » Thu Mar 19, 2009 5:25 am

MightyOne,

"Die trying to make it happen MO".
Master Teacher, please be carefull, you may be banned by giving the secrets of Z lines, SOC regression, and now "V" indicator. (':smt026')
(':smt026') (':smt026')
Think about it, TRO was banned in other forums because he ONLY gave free indicators; you on the other hand, give away YOUR SECRETS of trading. (':)')

TRO is a genius in coding. Once he graps the ideas (NOT YET), he will be able to code them into donational indicators.(':smt038')
Last edited by stationmichal on Thu Mar 19, 2009 5:47 am, edited 2 times in total.

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