Never Lose Again
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- TheRumpledOne
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- TheRumpledOne
- rank: 10000+ posts
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It is clear that knowledge of oneself is
just as important in trading as knowing
facts, economic theories, news or trading
methods. In the trading world, often
emotion reigns supreme, facts are ignored
and there is no wrong or right. The person
who has control of himself due to his
discipline and emotional self-control will
ultimately emerge from the battleeld a
winner.
- Windsor Advisory Services
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
TheRumpledOne wrote:xmess7 wrote:TRO,
Is it plausible to have like 100% chance of getting 6pips if one uses some hedging combined with the histogram?
Just ideas... that come to mind.
Jess
QUITING THINKING AND FOCUS ON EXECUTION.
The histogram shows HISTORY.. WHAT HAPPENED.
YOU NEED TO FOCUS IN THE PRESENT.
LOL YOU ARE CORRECT!! But right now I have the luxury of thinking. My trading day is over. . So I can think, think, and think... LOL.
The only time I don't THINK is when I trade.
I EXECUTE when I trade.
Just looking for an more edges Bro, tis all.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Consider the following: If making money
is important to you, as it is to most people,
you will have difculty taking a small loss.
If you bear in mind a trader?s self esteem
and the fact that money is on the line, you
will appreciate the psychological turmoil
this can cause. Prots, on the other hand,
are just as difcult to cope with. When
a large prot occurs, he gets excited, and
the bigger the prot becomes the harder it
is to resist the temptation to take it now.
However, prots need to be run to cover
inevitable losses. In their efforts to avoid
risk, investors actually end up creating it.
- Windsor Advisory Services
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
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What exactly are the rules for this system?
Correct me if I am wrong but here I go.
enter trade when 3 or more consecutive bars the same colour on 1hr chart and enter in reversal direction as soon as it moves the other way and aim for 5, 10 or more pips.
It is not clear to me on when to know when trades are worth more pips and should i use limits to tp and set stop losses or trailing stops and at what point should a loosing trade be closed?
Could you clear things up for me TRO? thanks
Correct me if I am wrong but here I go.
enter trade when 3 or more consecutive bars the same colour on 1hr chart and enter in reversal direction as soon as it moves the other way and aim for 5, 10 or more pips.
It is not clear to me on when to know when trades are worth more pips and should i use limits to tp and set stop losses or trailing stops and at what point should a loosing trade be closed?
Could you clear things up for me TRO? thanks
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15562
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
What exactly are the rules for this system?
Correct me if I am wrong but here I go.
enter trade when 3 or more consecutive bars the same colour on 1hr chart and enter in reversal direction as soon as it moves the other way and aim for 5, 10 or more pips.
YES.
It is not clear to me on when to know when trades are worth more pips and should i use limits to tp and set stop losses or trailing stops and at what point should a loosing trade be closed?
No one knows. If you want to set TP, SL and TS, that is up to you. Losing trade? How much do you want to lose?
Could you clear things up for me TRO? thanks
You're welcome.
Correct me if I am wrong but here I go.
enter trade when 3 or more consecutive bars the same colour on 1hr chart and enter in reversal direction as soon as it moves the other way and aim for 5, 10 or more pips.
YES.
It is not clear to me on when to know when trades are worth more pips and should i use limits to tp and set stop losses or trailing stops and at what point should a loosing trade be closed?
No one knows. If you want to set TP, SL and TS, that is up to you. Losing trade? How much do you want to lose?
Could you clear things up for me TRO? thanks
You're welcome.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.