Never Lose Again

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Shadik
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Postby Shadik » Tue Mar 31, 2009 4:11 pm

razorboy wrote:Going long on something like that is like asking for a kick in the groin...........please sir, can I have another.

I bought myself a protective cup after a while :)

Seriously, no upside momentum in that series...........

Shadik wrote:nope, only watching what price is doing now..

Sometimes i make big line:)

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Please Razorboy show me some charts (show me the way:P)... Im now little confused

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es/pip
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Postby es/pip » Tue Mar 31, 2009 4:11 pm

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TheRumpledOne
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Postby TheRumpledOne » Tue Mar 31, 2009 4:12 pm

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SHORT 10

COVER 01

DRAIN THE BANKS!!
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.

Shadik
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Postby Shadik » Tue Mar 31, 2009 4:26 pm

es/pip wrote:
Shadik wrote:nope, only watching what price is doing now..

Sometimes i make big line:)

Image


1. u have decreasing momo on the up bars

2. you have increasing down momo on the bar you entered on

3. too many bars in between--- followed by no wick

4. after you did enter and a 5 min bar closed against you you should have exited then or tried to get out at b/e--which u could have done

and or flipped short on the next bar

but that long trade should not have happened


Ok ES look what I saw.

2 - Yes - but i tought that price will bounce from ZL
3 - too many? there was only one bar.
4 - hm.. ok :)

This picture show you what i saw
Image

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MightyOne
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Postby MightyOne » Tue Mar 31, 2009 4:26 pm

es/pip wrote:
MightyOne wrote:I have about 6.5% profit on the EURUSD that you guys can trade for.

Do it for the bragging rights :roll:

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i am hoping that that turns into 25% profit for you since i am short as well :D :D :D :D


I just let it do what it do baby 8)

Open a different pair, set the sit down price, create an 8 hour cycle from the time, and worry about that currency.

One of these pairs is going to give me my Dolar_Smile

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MightyOne
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Postby MightyOne » Tue Mar 31, 2009 4:36 pm

Shadik wrote:
es/pip wrote:
Shadik wrote:nope, only watching what price is doing now..

Sometimes i make big line:)

Image


1. u have decreasing momo on the up bars

2. you have increasing down momo on the bar you entered on

3. too many bars in between--- followed by no wick

4. after you did enter and a 5 min bar closed against you you should have exited then or tried to get out at b/e--which u could have done

and or flipped short on the next bar

but that long trade should not have happened


Ok ES look what I saw.

2 - Yes - but i tought that price will bounce from ZL
3 - too many? there was only one bar.
4 - hm.. ok :)

This picture show you what i saw
Image


Only the bar hugging the momo triggers a ZL trade :!:

After that you are looking at a trade off of support.

It hit your line and it closed strong RED so I would be highly inclined to exit at any profit.
For sure when it closed weak GREEN I would just exit.

If at any time you were sitting with a loss on the close of a 5m chart then I would just exit at B.E.

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es/pip
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Postby es/pip » Tue Mar 31, 2009 4:37 pm

well i changed my mind from the 4hr target and took it out here off the 1 hr

may regret that later :D

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razorboy
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Postby razorboy » Tue Mar 31, 2009 4:45 pm

Wasnt much momentum on that second bar - first one had a long upper wick, second had a small body. if the third's body had closed above the wick of the first, then maybe..................


Shadik wrote:
es/pip wrote:
Shadik wrote:nope, only watching what price is doing now..

Sometimes i make big line:)

Image


1. u have decreasing momo on the up bars

2. you have increasing down momo on the bar you entered on

3. too many bars in between--- followed by no wick

4. after you did enter and a 5 min bar closed against you you should have exited then or tried to get out at b/e--which u could have done

and or flipped short on the next bar

but that long trade should not have happened


Ok ES look what I saw.

2 - Yes - but i tought that price will bounce from ZL
3 - too many? there was only one bar.
4 - hm.. ok :)

This picture show you what i saw
Image

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MightyOne
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Postby MightyOne » Tue Mar 31, 2009 4:48 pm

es/pip wrote:well i changed my mind from the 4hr target and took it out here off the 1 hr

may regret that later :D

Image



Image

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MightyOne
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Postby MightyOne » Tue Mar 31, 2009 4:55 pm

I am sure that you guys at the very least see how easy it is to make 10% or more per day.

What if you have a few monitors and you trade 2 or 3 pairs?

What if you exit for 10% on one and let the rest slide?

Even if all you make is 10% per day you will not be working at your
job after 5 months I guarantee it.

I'll make it easy on you:

First gain of the day is for 10%

It has been about 4.5 hours and I am starting to get a head ache so I am going to call it a day and cap it will this small profit.

Just remember that there is a calm before a storm; when momentum slows it is just storing up energy to explode.

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Last edited by MightyOne on Tue Mar 31, 2009 5:14 pm, edited 1 time in total.

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