Never Lose Again

[TheRumpledOne]

Well, razorboy, this is a TRADING FORUM. If you put a "-" in front of a number, many will read it as a MINUS SIGN. Use ":" instead.

Thanks.

[MightyOne]

plus baby plus the "-" was meant to be a hyphen, not a minus

Is that MINUS 37.4 or + 37.4 on the trade?

Let us look how he started his post:

"First chart - 30 minute - big MOMO bar comes into a 13 period low - red line represents a 50% retrace - set up for a MZ trade - there was also potential for this set up on the 15 minute chart but again in never panned out (second chart)"

You can then assume that he would include the word "lost" or the dash right next to the number ( -27 instead of - 27) if he were talking of negative pips.

I know the text was probably confusing, but understanding how people think is our job as a trader

[MightyOne]

MO "There is only 1 highest high and 1 lowest low so the question is:
Is this highest high or lowest low the one that is going to pay me off big time?
Lets find out..."

Well the main move of the year is down.

Is there any thing that you would like to add to that

[razorboy]

So the 126.20ish support line got busted by a momo

Thinking of more short trades based on these chart

Wait for price to hit 126.20 ish - then go short with a 20 pip SL - looking for next zero line in the 122 region - will build a trade with 3 to 4 individual positions







Let see how it goes............

[Humble]

Is there any thing that you would like to add to that

It's just my way of thinking. If a lower low was formed after a higher high then the move is down (regardless of fluctuations) until such time as a new higher high is formed. Then the main move would be up until a new lower low is formed.

[ak]

Tro
I'm not sure if I'm right on how to get the indicators.

Do I send a donation and you send the indicators? Or
do I need to send you an email to request them?

ak

[TheRumpledOne]

You can download a whole bunch of indicators for FREE right here on www.krelslik.com. Not to mention there are other sites like www.mql4.com that has a bunch of free indicators.

You do NOT have to send me a donation.

But if you do make a donation to my PayPal, then I will send you the 2009 donational indicators for the rest of the year.

[TheRumpledOne]

Check THIS out.

[rowdy]

TRO,
I have been following the James16 thread on FF. It is extremely long so I am just getting started. Are you a member of the PF? What are your thoughts on James16? He seems to be a good guy and I was considering joining the PF. What is your opinion of him and/or his methods?

[razorboy]

MO,

Was playing the ej today - the day after a what i thought - major support line was broken.

As per my pictures, I was expecting a new res line to be formed at the 126.20 region - yellow line

Things didnt pan out that way and price kept rising - almost exactly to the point of zeroing out the first "big move down"

looking back at the charts, i suspect my problem was that i didnt let the market define it at the 126.20 region ( should have waited for a lower low before I shorted)

Anyway, I suspect I am probably answering my own question here (or this could just be total gibberish), but when using the idea of Zeroing out other large moves, do you find that longer term S/R lines usually form at the origin of a big move (rather than an old support line automatically turning into a res line), or do you just wait for the market to define itself over a certain range that could be considered support ---------------ok i obviously just answered my own question, but have put all this time in so I will just throw up some pics