Never Lose Again

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monolisa
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Postby monolisa » Sat Jun 13, 2009 8:02 am

To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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jahjahblessed
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yes

Postby jahjahblessed » Sat Jun 13, 2009 8:28 am

MightyOne wrote:ImageImageImageImage

yes those semafor 3 2 and 1 with x are very powerful been trading them for the pass 2 days need more test been good so far
transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

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JAHJAHBLESSED

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 3:59 pm

You are confusing me for a systems trader when I am discretionary.

If you are asking if the probability that price will not return to the high is greater when price closes out side of the largest decline that returned to the high then the answer is yes.

I am usually short before the box is even hit.

I may go long shortly after the low break until price closes below the box.

My SL is either 9, 14, or 19 pips

If the spread is > 3 then my SL is not 9
If the spread is > 5 then my SL is not 14
If I scalp then it is added to my SL for re entry

My SL NEVER moves!

If I wish to reduce risk then I will take profit.

monolisa wrote:To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance

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razorboy
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Postby razorboy » Sat Jun 13, 2009 6:02 pm

this situation has become relatively obvious, but I are you aiming for 100+ pips on every trade?


Assuming that you are, I guess you end up with a lot of BE trades - once you start reducing your risk as price starts to go your way


MightyOne wrote:You are confusing me for a systems trader when I am discretionary.

If you are asking if the probability that price will not return to the high is greater when price closes out side of the largest decline that returned to the high then the answer is yes.

I am usually short before the box is even hit.

I may go long shortly after the low break until price closes below the box.

My SL is either 9, 14, or 19 pips

If the spread is > 3 then my SL is not 9
If the spread is > 5 then my SL is not 14
If I scalp then it is added to my SL for re entry

My SL NEVER moves!

If I wish to reduce risk then I will take profit.

monolisa wrote:To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 8:49 pm

I am aiming for a gain of at least 6x my SL on every trade (as high as 114 pips).

I am entering off the daily extremes or 70-30

It is not as hard as it looks

Once you have a significant profit you loosely defend it from corrections and keep rolling over the profit into the next trade.

I keep saying this, but some how it does not compute ;)

razorboy wrote:this situation has become relatively obvious, but I are you aiming for 100+ pips on every trade?


Assuming that you are, I guess you end up with a lot of BE trades - once you start reducing your risk as price starts to go your way


MightyOne wrote:You are confusing me for a systems trader when I am discretionary.

If you are asking if the probability that price will not return to the high is greater when price closes out side of the largest decline that returned to the high then the answer is yes.

I am usually short before the box is even hit.

I may go long shortly after the low break until price closes below the box.

My SL is either 9, 14, or 19 pips

If the spread is > 3 then my SL is not 9
If the spread is > 5 then my SL is not 14
If I scalp then it is added to my SL for re entry

My SL NEVER moves!

If I wish to reduce risk then I will take profit.

monolisa wrote:To MO and Manta: So do you short as soon as price break support (box with A low and B high) or wait until the next candle open? Where do you put your stoploss? Thanks in advance

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razorboy
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Postby razorboy » Sat Jun 13, 2009 9:06 pm

no it isnt hard as it looks - but like i said before - sometimes I nail it right on (50 to 150 pips) and others I'm so wrong that If I had faded my own trade, I would have been brilliant and am stuck trying to figure out why I see somethings so right and others so wrong - its like im dyslexic
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 9:48 pm

It is all about perception:


Image

razorboy wrote:no it isnt hard as it looks - but like i said before - sometimes I nail it right on (50 to 150 pips) and others I'm so wrong that If I had faded my own trade, I would have been brilliant and am stuck trying to figure out why I see somethings so right and others so wrong - its like im dyslexic
Last edited by MightyOne on Sat Jun 13, 2009 10:33 pm, edited 1 time in total.

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MightyOne
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Postby MightyOne » Sat Jun 13, 2009 10:31 pm

Image

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prochargedmopar
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Postby prochargedmopar » Sat Jun 13, 2009 10:45 pm

Manta wrote:How I see this price action...price is falling down quite fast. Somebody is making money. Suddenly it's slowing down and hesitate whether to go lower or stop and correct (this is ABCD formation), then it says "OK, enough, let's correct a bit", who made money before starts losing now, this is the moment I jump in. You can look at the MO's TL as the point where market decided "it is enough".

Look at the market and price as living creature :-D
Might this be the psychology you wanted me to see, MO?


Losing money?
I think they are taking profit and at the same time hitting stops which is driving price in the other direction.

So it's both, making money/losing money, depends on what position you have take. But then, I'm not suppose to be thinking about money.

:D
#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 » Sat Jun 13, 2009 11:21 pm

Here is a little scalping chart that I've setup for having fun with.

#1 breakouts.
#3 reversals.
DSS 6/10 for trigger
DSS 30/50 for Higher time Frame overbought/oversold market condition monitor.

Loosely based on this:
http://www.trade2win.com/boards/forex-s ... ors-3.html

And this:
http://www.trade2win.com/boards/forex-s ... trade.html

Very simple strategies and tro has all the idy's in "digital" format.
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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