Never Lose Again

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prochargedmopar
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Postby prochargedmopar » Mon Mar 30, 2009 12:36 am

es/pip,

I don't mean to be rude, and I thankyou for your re-hash but,
Any dumb A** can see exactly what your presenting.
I've seen that for month's.

It's all this other stuff that gets mixed in that is throwing me for a loop.
I'll close my eyes to the outside world and trade these things for a while and see what happens. Just lost 6.4 pips on a buyzone trade long on e/j at the 3rd hr. open. SEE what happened.....It was with the H1, H4, D1.....Well the market had only been open 2.1 hrs so anything can happen right.
I see you got in for a quick 50+ off what I would have considered a very risky Z-line/SR trade. You have an added intuition for sure. Worked out well though so can't argue with that.

Back to staring at all the profit in my chart, and I do mean IN my chart cuz it ain't in my bank.
YET!
Some people take cigs to their grave, Some take alcohol or drugs, And most are put there because of it.
I'm taking trading with me.
Pro
#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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es/pip
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Postby es/pip » Mon Mar 30, 2009 12:46 am

prochargedmopar wrote:es/pip,

I don't mean to be rude, and I thankyou for your re-hash but,
Any dumb A** can see exactly what your presenting.
I've seen that for month's.

It's all this other stuff that gets mixed in that is throwing me for a loop.
I'll close my eyes to the outside world and trade these things for a while and see what happens. Just lost 6.4 pips on a buyzone trade long on e/j at the 3rd hr. open. SEE what happened.....It was with the H1, H4, D1.....Well the market had only been open 2.1 hrs so anything can happen right.
I see you got in for a quick 50+ off what I would have considered a very risky Z-line/SR trade. You have an added intuition for sure. Worked out well though so can't argue with that.

Back to staring at all the profit in my chart, and I do mean IN my chart cuz it ain't in my bank.
YET!
Some people take cigs to their grave, Some take alcohol or drugs, And most are put there because of it.
I'm taking trading with me.
Pro


It's all this other stuff that gets mixed in that is throwing me for a loop.

u lost me there----- what other stuff

[color=#]I see you got in for a quick 50+ off what I would have considered a very risky Z-line/SR trade. You have an added intuition for sure. Worked out well though so can't argue with that.
[/color]

we had a large gap down and then i just traded the setup, with the assumption that they would try and fill the gap. not any riskier than any other trade

could i have lost on that trade and taken a full stop---sure anything can happen

i just trade the setups

from Mark Douglas trading in the zone

1. Anything can happen.

2. You don't need to know what is going to happen next in order to make money.

3. There is a random distribution between wins and losses for any given set of variables that define an
edge.

4. An edge is nothing more than an indication of a higher probability of one thing happening over
another.

5. Every moment in the market is unique

and

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.

6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success and, therefore, I
never violate them.

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es/pip
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Postby es/pip » Mon Mar 30, 2009 12:58 am

pro,

also

i think u are looking at too many ideas/strategy's at the same time and taking some of this one here and some of this one there

pick one thing--- whether it be buyzone's, dfsr, MZ/ZL or whatever

no matter what you trade u have to believe in what you are trading so take the time and go back and look at a poop load of data on whatever strategy you are going to trade----

1. see if it gives you an edge--- if so then trade the setup without thinking about it

2. start with small size and build up based off your success----- but like MO has said never size down that is a losing battle

3. move your size up accordingly

not sure----but it sounds like your mind/emotions are getting in the way

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Postby pierre23 » Mon Mar 30, 2009 1:02 am

Not sure if you'd consider this a true ZL trade. Got in 6 pips late, which was risky. Was supposed to enter long at the top of the green box but had my mind elsewhere. Entered at the price you see to the right at the candle with the arrow. Managed to get out with 2pips.

Image

As for Humbles post above, has it ever occured to you that maybe es/pip or MO or anyone else may NOT BE TEACHERS but TRADERS? Anyone can see they are trying their best trying to show this way of trading. In the post es/pip wrote to pro I see no flack given... at all. YOU think it's frustrating? Imagine what es or MO are feeling.. you don't think they are trying to simplify it for us? They would have more frustration than anyone, because they can see it perfectly and you cant.

It's all this other stuff that gets mixed in that is throwing me for a loop.
I think what he means is the money/risk management, position sizes etc that has been mentioned. With all the percentages being thrown around and stuff may be a little confusing. Correct me if I'm wrong pro.

In regard to the "risky trade" es/pip did, personally I wouldn't see that as any riskier than any other ZL setup. As he mentioned, and as you can see, there is a gap. Gaps tend to get filled. So in a way it may be confirming a long trade.
Last edited by pierre23 on Mon Mar 30, 2009 1:03 am, edited 1 time in total.

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prochargedmopar
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Postby prochargedmopar » Mon Mar 30, 2009 1:03 am

Yup,
That stuff is printed on a page and sitting right next to my monitor.
I'd like to clarify that I did not feel like anyone gave me any flack.
I know this is all on me. (in me actually)
Carry On..........
Thanks.
Pro

A winner never quits and a quitter never wins!
The battle cry of Albert Beckles is, "Consistent and persistent effort"
#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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Postby prochargedmopar » Mon Mar 30, 2009 1:32 am

Here's a supper dupper buyzone losing trade.
I got in late off the line when I clicked the same time it jumped up.
Ok, so I need to use limit orders.....

It appeared to be a good z-line setup also and look at the indi's in the corner. Almost ALL green. Should we go long?
NOT, out at - 5.9 pips.
A HH and HL should equate to a good trade out of the bottom eh?
2 trades today (EDIT) -6% of my account.
Image
Last edited by prochargedmopar on Mon Mar 30, 2009 3:27 am, edited 1 time in total.
#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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prochargedmopar
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Postby prochargedmopar » Mon Mar 30, 2009 1:37 am

And look at all that profit....for somebody but me.
Go short.. yeah right.
If I would have taken a short it would have been against the D1 and H1 both.
Body in direction of profit(short) and it didn't even make a wick in the direction of loss(long) before it dropped like a rock......It didn't need to cuz I was already zeroed out. ;)

Image
Last edited by prochargedmopar on Mon Mar 30, 2009 3:29 am, edited 1 time in total.
#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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Postby es/pip » Mon Mar 30, 2009 1:42 am

prochargedmopar wrote:Here's a supper dupper buyzone losing trade.
I got in late off the line when I clicked the same time it jump.
Ok, so I need to use limit orders.....

It appeared to be a good z-line setup also and look at the indi's in the corner. Almost ALL green. Should we go long?
NOT, out at - 5.9 pips.
A HH and HL should equate to a good trade out of the bottom eh?
2 trades today -11% of my account.
Image


cant comment on the buyzone --as i do not know that setup


as far as the zline trade this is how i would have looked at it

Image

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Postby es/pip » Mon Mar 30, 2009 1:44 am

and then this


Image



edit---- saw you just posted that

pierre23
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Postby pierre23 » Mon Mar 30, 2009 1:55 am

It's the drain the bank triggers I think hes taking.

Pro, yes when you entered the multimeters were green etc, but only just.. you can see where price is and your overlay of the h1. It's near the open, and price has already travelled up, theres nothing to say it can't go down..

If you had taken the short trigger, just before you would have been in profit.

I'm pretty sure the rule of thumb for this type of trade (DTB method) is you wait for the semafor to appear first on the H1 before taking the trade.

Beside those points, you have your stops in place right? :D so nothing to worry about, win some lose some

-- I don't intend this to sound like I'm having a go at you or anything, but if I were you I wouldn't be trading live today, it doesnt seem like you're in the right frame of mind.. and maybe it's just me but I'm feeling some negativity from you.. yes, through the computer.. (don't ask me how :wink:)

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