Never Lose Again

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***FX-JEDI***
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Postby ***FX-JEDI*** » Thu Jun 11, 2009 2:10 pm

Hi all again, being doing some good trading this week, looking into teomans 5 min scalping,have put in some screen shots of what I looking at on 5 min. basically only just using Horizontal lines, Fibs & trading with hr & daily candle. see attachment for results
around 893 pips.
:D

Cheers ***FX-JEDI***
Attachments
893pips.rar
(237.02 KiB) Downloaded 119 times
893pips1.doc
(87 KiB) Downloaded 156 times

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MightyOne
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Postby MightyOne » Thu Jun 11, 2009 2:21 pm

Small position sizes and multiple pairs is the only way around a bad day.

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Postby razorboy » Thu Jun 11, 2009 2:27 pm

and expensive prostitutes......dont forget the expensive prostitutes...........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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Postby razorboy » Thu Jun 11, 2009 2:47 pm

philosophical question.............

Say you are comfortable in your edge and take your signals as they come.

Should you have a daily loss limit? Or just trade your usual markets during your usual times?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 11, 2009 3:27 pm

Image

THE ONE THAT GOT AWAY....

There was a Red Arrowhead on the USDCHF.

I was THINKING no way, USDCHF is beaten down...

Well, there were 5 pips for the taking.

This is the REASON WHY YOU MUST NOT THINK!

You must execute according to your signals, method, triggers, etc...
Last edited by TheRumpledOne on Fri Jun 12, 2009 3:56 am, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 11, 2009 3:28 pm

Image

There was MORE THAN 5 PIPS TO BE HAD!

Learn from my failure to execute.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 11, 2009 3:31 pm

Image

RED ARROWHEAD ON GBPUSD

Good for 7 pips.

I DIDN'T THINK ABOUT IT THIS TIME!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby MightyOne » Thu Jun 11, 2009 3:47 pm

Of course this is just opinion...

For every lot you trade break it up into 5 or 10 smaller positions and quit for the day after 5 or 10 losses.

Cut your losses short, let your profits run, one full size loss per day.

Personally I trade in multiples of 5 even though I could get away with multiples of 2 or 3.

Anything can happen on a single trade, but I know what is going to happen over several trades.

I believe in loss limits because losses should not be happening...

razorboy wrote:philosophical question.............

Say you are comfortable in your edge and take your signals as they come.

Should you have a daily loss limit? Or just trade your usual markets during your usual times?

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 11, 2009 3:55 pm

Image

GBPUSD BLUE ARROW HEAD...

Simple.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby prochargedmopar » Thu Jun 11, 2009 7:31 pm

http://www.nobrainertrades.com/2009/06/ ... ttern.html

Looks alot like what M.O. is showing but without the description of new highs/lows in the opposite direction.
#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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