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prochargedmopar
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Postby prochargedmopar » Mon Mar 30, 2009 8:05 am

Took a London open BZ trade on G/U because I read that the probabilities are very high for no cross of open price.
Went long at .4196 which was actually 5 pips late.
Got to within -1 of B/E. Was going to close at -5 but wham price jammed my stop and actually slipped it a couple pips to -11.4......
I immediately sold!!
Was up to +18 on short when it started to fiddle. Got out for +13.xx.
It went down another 20 pips after I bailed before the start of it's next retrace.
Crazy stuff.
I'll read your 2nd post M.O. in a bit as I gotta get buzy at work.
I may just do the "pop a line trick" when I sit down to trade this A.M.
It sure would be a shame to toss all the pretty indi's for an open chart.
Not sure if they help me anyway though.
BTW, Mt4 will not get through the firewall at work so.........It's this.
Pro
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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Postby dragon33 » Mon Mar 30, 2009 8:21 am

prochargedmopar wrote:I can actually see the trend here: LOL
So the line that says "11 min. ago" on it is considered a ZL line.
the 2nd to last candle wicked the candle by a few pips.
Ok to got short???????
Look at all those 3's.
Being on the sideline pisses me off more than anything.
Even losing money.
Pro
Image


Hey pro,

You are now where i was before i met TRO. Everything i had learned was putted on my charts. Now you are mixing a lot of different approaches. (i even see something from MP on your charts).
Take a break, stop trading for a week. Go playing with your weights (i do it also) i know you like it.

Clean up your charts (start with nothing) then you add just one thing you think you need and start from there. Forget about everything you now and start from scratch.

This was very important to me: Try to identify when you hit sup res on a H4 chart (you know the blue and red dots) Then you can trade away from that point. If you like TRO's method you use that, if you like ZL's use that if you like something else you know what to do.

I know a lot of people make mistakes because they only watch one tmf. Just pick up direction on a higher tmf and you will gain money.

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Postby winny » Mon Mar 30, 2009 9:47 am

prochargedmopar wrote:Took a London open BZ trade on G/U because I read that the probabilities are very high for no cross of open price.
Went long at .4196 which was actually 5 pips late.
Got to within -1 of B/E. Was going to close at -5 but wham price jammed my stop and actually slipped it a couple pips to -11.4......
I immediately sold!!
Was up to +18 on short when it started to fiddle. Got out for +13.xx.
It went down another 20 pips after I bailed before the start of it's next retrace.
Crazy stuff.
I'll read your 2nd post M.O. in a bit as I gotta get buzy at work.
I may just do the "pop a line trick" when I sit down to trade this A.M.
It sure would be a shame to toss all the pretty indi's for an open chart.
Not sure if they help me anyway though.
BTW, Mt4 will not get through the firewall at work so.........It's this.
Pro


PRO, for GBP-USD you probably would get a better result on a 1 minute frame, at least for the setup I gave you.
You would have made at least 10-30 pips net on this trade.

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es/pip
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Postby es/pip » Mon Mar 30, 2009 12:46 pm

pierre23 wrote:Short at 79, out at 02. A good gain.

Image

MO, you say to add profit to your SL and continue trading with the big picture. What happens if that retrace is large enough to hit your SL, does that not bring you back to square one minus your initial stop?

eg. If you risk 2% over 10 pips and add 20 pips in profit then
you are risking the initial 10 and the 20 pips for a 30sl.

The retrace hits your 30sl, taking you back to the start minus 10pips to your account.



:shock: :shock: :shock: :shock: :shock: :shock: :D :D :D :D :D :D :D :D

exactly

nice one

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Postby es/pip » Mon Mar 30, 2009 1:34 pm

MightyOne wrote:
es/pip wrote:
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


Beautiful analysis es / pip :P

I would say that multiple bars traded into resistance (since momentum increased short last) and then momentum increased short.


thanks

yeah i can see what your saying

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Postby es/pip » Mon Mar 30, 2009 1:39 pm

Image

Image

Image

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prochargedmopar
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Postby prochargedmopar » Mon Mar 30, 2009 2:39 pm

I want to do that so bad I can taste it......
#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 3:38 pm

Let me first say that I am very fortunate and amazed that you take as much time as you do to write all this stuff out.......It's a lot and very much appreciated.

MIGHTYONE:
I just dont get it, I really don't

So I am going to lay out the frame work for profiting in a such a way
that can be accomplished by anyone:

1. Which way is price likely to move in the long term (more on this later). Not sure How can I know?

2. How small can I make my stops (you would be surprised)
I'd say 5 pips Min from what I see.
3. Risking 1% per trade/chart enter with the momentum of the small time frame. After looking at higher setup?

4. Exit all when you feel that price is likely to reverse and add that profit to your SL amount less commission.

EXAMPLE: 10 pips = 1%: You make 15 pips on a short and exit as the market starts to reverse. The next trade you risk your initial 10 + the 15 gained from shorting less 1 pip for commission to re enter.
Perfectly clear, gotta get some profit first. LOL

5. Price starts heading in the long term direction and again you get an entry to short on your small TF. You short with your 25 pip stop and the market starts stalling at +7 so you exit (you are at +32).
What's long in relation to what's short?
Price retraces 45 pips and you believe price is again heading south so you short again on you small TF with a 31 pip stop.

7. YOU CAN ONLY EXIT WHILE IN PROFIT OR GET STOPPED OUT!
Fine, Some would say it's only the "houses" money anyway, I disagree but OK.
Price retraces 27 pips and then turns around and plummets 74 pips.

What time frame are your trading? It was 1's and 5's but now I'm trying 5's and 15's. What does that chart look like? A Mess!
How many bars has it been since you first started shorting?
See below. ;)
Trade NO MORE THAN 2 bars of any time frame!
How did we just ride the 74 pips on 2- 5m bars???
8. You either reach your goal and make 7, 15, 26, 52, or 80%+ on your account or you lose 1%.

By reinvesting profit, having an unwillingness to let price trade to your stop while you are were profit at some point, and by sticking to a goal knowing that PRICE DOES MOVE HUNDREDS OF PIPS EVERY DAY (just about) then you will reach the goals you set out to attain and your losses
will cause you great laughter.
My new goal starting last week has been 25% at 50 pips. 10 pips =5%. I'm getting greedyer as I see you guys making 50 with ease......1 trade after the other.
3clipz calculated the e/u moved 10,000 pips in 24hr period. If it moved 5 pips a minute it would be 7200 pips movement.
Think and grow rich PRO
Thinking may be getting me into trouble.

That looks like an 8 steps to riches program but I do not see a #6. TRO said I need an I.A. program. (Indicators anonymous)
Even without the #6 is still looks like a 10step program...Thankyou, My name is.........I'm an.....


How powerful is color that we should buy if its green or sell if its red?

How powerful is the line that leads us to believe that price is supported or resisted?

How powerful is the indicator that lulls us into believing that
every thing will be ok if we just follow its magic.
These seem like rhetorical questions after the last one.....

EVERY OBJECT ON YOUR CHART HAS A POWERFUL IMPACT ON YOUR
PERCEPTION!
Do you mean the indy's give me a mis-perceptional?
If you sat down to trade and bought on a green candle could it decline or change to red before it closes?
YES!! is does.
Hour, four hour, daily, weekly, monthly, yearly, what do these mean to you?
LIfe's short, but not much if I'm trading a tick chart....
No matter the time frame and no matter the color price will either go up or go down from the time you sit down to trade to the time
you get up.

In the beginning it may go up and down, but price cannot run horizontally for long periods of time in fact price moves up or
down by hundreds of pips most every day.

Do you want hundreds of pips?
MORE!!
How about hundreds of pips while using a 10 pips stop?
EASY. Once I get this figured out.
The secret to surviving is to reinvest your gains into your stop.
Let price retrace and then trade in the same direction with the
larger stop.
Keep reinvesting your profits into your stop and do not exit
without new profits or move your stop closer.

WHATEVER YOU ARE RISKING YOU ARE RISKING!
Great, What direction do I trade?
If you risk 2% over 10 pips and add 20 pips in profit then
you are risking the initial 10 and the 20 pips for a 30sl.

If you risk 10 pips every trade without inflating it with profit then you may find your self getting whipsawed and no one can recover from that.

If you increase your SL to 20 and then take 20 pips in profit then
you are going to risk all of your profit on the next trade for another
mediocre profit.
Even if you made 40 pips you are risking half your profit and for what, a 2 to 1 return?
Even if you go for big pips you just sliced your profit potential in half!

By reinvesting your profit back into your stop you give your self "option like" staying power.
You use your day trading abilities to make a push on a small TF
and then you retreat (stay out DO NOT REVERSE!) as the animals give chase. Add more pips to your armor and then advance.

Keep retreating, adding, retreating, & adding until you reach your goal or your line dissolves.
Gotta know which way to attack and which way to retreat
What line?

The line that tells you which way your are trading!

This one:
Is this the one that I popped when I sat down, What's with the "line ends in 480min.?
I see know one else took you up on your challenge and I fissiled quickly as I was blinded by all the bright lights and glamour.
Time to reconsider.



You are not here trying to make Baby Pips (there is another forum for that) you are trying drain all the cash right out of the pockets of the Illuminati.

At 1% a 100 pip gain is a profit of 20%
At 2% a 100 pip gain is a profit of 40%
5% =10 pips 100pips 50%
At 1% a 300 pip gain is a profit of 60%
At 2% a 300 pip gain is a profit of 120%
5%=10 pips 300pips =150% as I see it.
Risking even 0.5% per trade and reinvesting profits until
you reach your goal is enough to make the same as a trader
risking 5% per trade in and out of the market.

Please tell me which way to trade and we'll do it.
I sat down and popped a line on this chart at the price I saw. The blue one.
All the indicators and the trend looked to be up BIG TIME but price was going down. Took 2 trades long and lost on both. -9.6 and -6.1. The first trade I sat through 6 -5m bars while it was building an ascending triangle and never saw more than +1. Took me a while to trade against the trend but when I finally did I made 11 pips. Only took z-line type trades. The first pic my trade was on the 2nd candle short that I rode down after being stopped out long. It looked as though the triangle would break up but it didn't even give me a chance to stop out with less loss when it took off.
The 2nd pic is how the day panned out, I did not take any more trades short as I thought we were up for the day. Had lots of opportunities to ride a couple reds here and there. How do I tell which way to trade with those BIG up pushes mixed in between the feeble but methodical down strokes??
Thanks.
Procharged.
BTW, cleaned up the charts a little more.

Image
Image
Last edited by prochargedmopar on Mon Mar 30, 2009 4:44 pm, edited 2 times 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 3:42 pm

BTW, Those are 5m candles and 15m candle_m_candle_m's. To trade from.

Dragon33,
Thanks also for your input.
I want to be a z-line trader. Anytime/Anywhere, just like you guys are doing.
Pro
Last edited by prochargedmopar on Mon Mar 30, 2009 4:00 pm, 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

winny
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Postby winny » Mon Mar 30, 2009 3:43 pm

es/pip wrote:Image




ES/pip, I should read all the posts first, but perhaps you can tell me.
What kind of strategy is it that you are using here in this pic ?
Is this a breakout strategy (DIBS perhaps) ?
Are these TRO's indicators that you are using ?
Thank you.

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