Never Lose Again

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Shadik
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Postby Shadik » Fri Mar 20, 2009 3:13 pm

Hello

here is my fast trade:
+couple pips:P
I had one mistake: I didn't look at smaller TF for entry - I know its my bad, but trade was profitable:)
entry on 95.65, exit on 95.78. When I start on real acc then I need only 50 pips/day:) I think I can do that:)

Image


Thanks:)

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es/pip
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Postby es/pip » Fri Mar 20, 2009 3:28 pm

Image

doesn't happen that often, but i take a good rodgering every so often :D

i dont see anything wrong with this setup s&^% happens sometimes

Image

Image

Shadik
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Postby Shadik » Fri Mar 20, 2009 3:39 pm

es, I see that you prefer trade on 5m chart - before you start trading on that chart you looking for ZL on higher chart?

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es/pip
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Postby es/pip » Fri Mar 20, 2009 3:55 pm

Shadik wrote:es, I see that you prefer trade on 5m chart - before you start trading on that chart you looking for ZL on higher chart?



i really don't prefer the 5 min those trades just happened to setup on the 5 i flip thru all the time frames real quick and get an idea of where we are and where we could go and then i trade off what i see

i will enter off the 5 or 15m time frames when trading 30-4hr chart setups

if i see something on the 5 i will trade that-----but as always the higher time frame dominates the lower

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es/pip
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Postby es/pip » Fri Mar 20, 2009 3:57 pm

moved target up on euro short to 1 hr zline----didnt quite get there out at 1.3548

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es/pip
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Postby es/pip » Fri Mar 20, 2009 4:21 pm

lol maybe i do prefer the 5 and don't know it

not sure

i keep my charts on the 5 and scroll thru 5,15,30,1hr,and 4hr and trade whatever i see


done for the day


beer and golf time

Image

Image

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MightyOne
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Postby MightyOne » Fri Mar 20, 2009 4:23 pm

es/pip wrote:Image

doesn't happen that often, but i take a good rodgering every so often :D

i dont see anything wrong with this setup s&^% happens sometimes

Image

Image


Don't forget to check higher time frames:

Do you see how after the highest high (for the short) there is a pullback to the zone on the 15 followed by an increase in momentum on the 5 heading south? That is the kind of thing you want to see when trading small time frame charts.

ImageImage

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es/pip
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Postby es/pip » Fri Mar 20, 2009 4:31 pm

Shadik wrote:Hello

here is my fast trade:
+couple pips:P
I had one mistake: I didn't look at smaller TF for entry - I know its my bad, but trade was profitable:)
entry on 95.65, exit on 95.78. When I start on real acc then I need only 50 pips/day:) I think I can do that:)

Image


Thanks:)


nice trade

like MO said

don't set a goal of x pips or x $$

the market could care less what your goals are------

pip and $$$ goals create unneeded emotions--- and a big part of this game is emotions. we want to eliminate emotions as traders not create more of them

when u have a goal on the line each day that sets up your mind to trade around your goals

ie

lets say you lose 20 pips on your first trade---now your mind automatically says i need to make 70 pips to make my goal and that adds stress and emotions to your trade decisions.

if you make 30 pips on your first trade--- your mind is thinking only 20 more to go, and then you lose 20 on the next trade----now you are flooded with emotions----- i only needed 20 more pips now i need 40 more, damn that is twice as much as i was just at

etc etc

trade what you see don't trade a goal


just my opinion

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es/pip
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Postby es/pip » Fri Mar 20, 2009 4:41 pm

MightyOne wrote:
es/pip wrote:Image

doesn't happen that often, but i take a good rodgering every so often :D

i dont see anything wrong with this setup s&^% happens sometimes

Image

Image


Don't forget to check higher time frames:

Do you see how after the highest high (for the short) there is a pullback to the zone on the 15 followed by an increase in momentum on the 5 heading south? That is the kind of thing you want to see when trading small time frame charts.

ImageImage



thanks

i see what your saying for some reason i didn't see that when i was entering on that one

i see it now though

thanks

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es/pip
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Postby es/pip » Fri Mar 20, 2009 4:53 pm

retarded

:shock:

like MO said

"held profit is the easiest to take"--- or something like that


i really am leaving this time

Image

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