Never Lose Again
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- TheRumpledOne
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shreddr wrote:MightyOne wrote:shreddr wrote:the way it is now
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?
"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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"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
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.
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
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.
shreddr wrote:es/pip wrote::shock:
es/pip you make it looks like a cakewalk
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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