Never Lose Again

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 23, 2009 12:34 pm

Look at your candle color multimeter.. it's all green... long on green and short on red!!
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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shreddr
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Postby shreddr » Mon Mar 23, 2009 12:59 pm

yes TRO, i didn't really pay attention to that while i took the trade, from now on maybe i just take the setup that match the d1 color only

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Postby shreddr » Mon Mar 23, 2009 1:35 pm

able to grab decent amount of pips on this one:P
entry @11247, exit @11300
Image

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es/pip
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Postby es/pip » Mon Mar 23, 2009 1:41 pm

shreddr wrote:
MightyOne wrote:
shreddr wrote:the way it is now
Image
guess i'll stay for a while


If you place a trade and a candle closes against you then you should be thinking about break even as if it were the best thing since sliced bread.

Now if instead of BE you find your self up +15-20 pips then you should be filled with tears of joy and accept esp since the trade was unfavorable toward you to begin with.

out with +6 pips :) guess i'm a bit lucky

just want to make sure, by ur saying unfavorable is because there is an opposite colored candle closed by breaking the mighty zone?
Image


"unfavorable"------ saying that

you are trading a h1 chart for reference--- u enter on m5 or m15 to enter----based on where you enter and u get a candle that closes against you( on your entry chart), at this point you should be trying like hell to get out at b/e or the best price you can

if your trade is correct it should just go your way and not close against you

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Postby es/pip » Mon Mar 23, 2009 1:53 pm

shreddr wrote:able to grab decent amount of pips on this one:P
entry @11247, exit @11300
Image



very nice :D

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Postby es/pip » Mon Mar 23, 2009 2:04 pm

:shock: :shock: :shock: :shock:

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Postby shreddr » Mon Mar 23, 2009 2:19 pm

"unfavorable"------ saying that

you are trading a h1 chart for reference--- u enter on m5 or m15 to enter----based on where you enter and u get a candle that closes against you( on your entry chart), at this point you should be trying like hell to get out at b/e or the best price you can

if your trade is correct it should just go your way and not close against you

'closes against you'--is it a candle simply closing with opposite color, or breaks your mighty zone like the pics?


very nice :D

thanks 'mate, let's see if i can keep like this for a week or two..
Last edited by shreddr on Mon Mar 23, 2009 2:26 pm, edited 1 time in total.

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Postby shreddr » Mon Mar 23, 2009 2:24 pm

es/pip wrote::shock: :shock: :shock: :shock:

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es/pip you make it looks like a cakewalk :shock:

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Postby es/pip » Mon Mar 23, 2009 2:34 pm

shreddr wrote:
"unfavorable"------ saying that

you are trading a h1 chart for reference--- u enter on m5 or m15 to enter----based on where you enter and u get a candle that closes against you( on your entry chart), at this point you should be trying like hell to get out at b/e or the best price you can

if your trade is correct it should just go your way and not close against you

'closes against you'--is it a candle simply closing with opposite color, or breaks your mighty zone like the pics?


very nice :D

thanks 'mate, let's see if i can keep like this for a week or two..


if you get short at 1.3000

and a 5 min candle closes above your entry say at 1.3015

then you try and get out at the best price you can--

meaning that

markets dont move str8 up and str8 down so odds are you can get a better price to get out than the bar that closed against you

thats what i am doing, and i think that is how MO explained it
Last edited by es/pip on Mon Mar 23, 2009 2:42 pm, edited 1 time in total.

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Postby es/pip » Mon Mar 23, 2009 2:38 pm

shreddr wrote:
es/pip wrote::shock: :shock: :shock: :shock:

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es/pip you make it looks like a cakewalk :shock:


i have spent an enormous amount of time on this

it is very very simple------ not easy---- but simple--

the zl and or Mighty Zone is my edge

so i just trade my edge, i have looked at enough charts and data to know that the odds are in my favor

so then it just comes down to putting on the trades

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