Never Lose Again

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MightyOne
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Postby MightyOne » Mon Jul 27, 2009 12:21 am

prochargedmopar wrote:Blubbb_custom_candle is so cool.

H1/H2
Image

H1/H3
Image

H1/H6
Image

And what is the coolest is when you want to switch time frames you can just drag the line on top of the other for a "no indy" condition. Use that for inspecting the smaller time frames during entry or........

D1
Image


In my opinion it is more easy on the eyes to use a bar chart with blubbb's custom candle indi. and then switch to candles when you want to observe the base time frame.

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es/pip
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Postby es/pip » Mon Jul 27, 2009 12:54 am

MightyOne wrote:
Patch wrote:Welcome Tristalibur

You observe then ask, "Now what gets me confused is :why are there over a hundred systems(automatic or not)?
And when there is a good system,why do people always change??"

TRO might say people like to complicate things, someone else, someone has another idea, to make it a little bit better. MO says don't get stuck on a system and stop thinking and growing. I think people are people, not always logical or rational.

Get well fast. While using this time to learn and grow your trading muscles.

Patch
In VA


Good post Patch ;)

Trading is like a poker game where one side comes to the table with solid mathematics and the other side comes to the table with solid mathematics and the ability to adapt to the tendencies of the other players.

It is pretty clear that the poker players that are armed solely with mathematics (a system) are going to be on the losing end of the stick.

They may make money if someone weaker sits down at the table, but they damn sure are not going to beat the professional without lady luck.


Even if a trader has solid price action analysis and is wildly profitable on his entries he could still not make it to $100,000 or even a $1,000,000 for purely psychological reasons.

What does money mean to you?

If you scraped together $400 from skipping 2 meals a day for 2 months and you grew your account to $1,200 you may be fearful because $1,200 is a lot of money to you.

It is often the case that a person will trade really well with a small amount and then trade poorly with a larger amount until he reaches his initial account balance.

If $1,200 was not enough to shake the trader then what about $26,000 or $43,000?
The affects of losing are magnified by the value (to you) of the money at risk.

Do you have what it takes to look at $100,000 and say that it would not bother you one bit if you lost it all?

But that is what it takes to reach a million dollars:

ZERO EMOTIONAL ATTACHMENT :shock:



great post

100% exact

the mind is a very powerful thing. It can help you and it can also get in the way and hurt. You have to retrain your mind, making it believe that money has no value--- in a way.


you have to believe that the money in your account has no monetary value at all-----it is just a number.

its not easy to do----but u can do it

emotions kill traders

emotions are the enemy

this goes right along with what i have said before about having a daily target of pips or %------- this creates unneeded and additional emotions.

i have no per day, per week, per month goals. I know what i would like to be able to avg per week/month over time, but i do not trade towards or away from it. I just trade what i see



trade the chart don't trade a goal

the market could give two poops what your goals are
:D

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prochargedmopar
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Postby prochargedmopar » Mon Jul 27, 2009 1:08 am

MightyOne wrote:
prochargedmopar wrote:Blubbb_custom_candle is so cool.

H1/H2
Image

H1/H3
Image

H1/H6
Image

And what is the coolest is when you want to switch time frames you can just drag the line on top of the other for a "no indy" condition. Use that for inspecting the smaller time frames during entry or........

D1
Image


In my opinion it is more easy on the eyes to use a bar chart with blubbb's custom candle indi. and then switch to candles when you want to observe the base time frame.


Good tip M.O.
Or could even use this to minimize distractions after time frame is set:
Hmmmmmm

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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prochargedmopar
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Postby prochargedmopar » Mon Jul 27, 2009 1:12 am

Bar chart does look perty though.
I was in this "zl" trade long twice from.... 134.34 and again at 134.36...Only got 5 pips total......
fracky money.....demo I would have held.....

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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Postby prochargedmopar » Mon Jul 27, 2009 1:15 am

Could have went long and held with confidence off the M30 chart...either .50 or .40 depending on which way you trade ZL's.
As i said, I was long at 34 and 36.......Hmmmmmmm

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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Patch
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Postby Patch » Mon Jul 27, 2009 1:58 am

-zz

I am so excited to save time reading the rest of NLA. This is a work of art. I don't know how you did it, but thank you, thank you thank you.

It took me a couple minutes to find the index file in the new NLA directory everything was unzipped to. Once found, done. and very FAST.
and a lot of great info has been posted the last few days.

Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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aVi
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Postby aVi » Mon Jul 27, 2009 2:42 am

zapzinig wrote:Never Lose Again Thread Archive Available:

Here is a link to the Never Lose Again thread archive. It is a 115mb zip file.

There is an index.htm file that has links to pages 1 thru 499 (almost 5,000 posts in all).

Reading this thread offline is much faster and will make it easier for you to jump to a specific page.

http://rapidshare.com/files/260352574/N ... n.zip.html

Enjoy!

-ZZ


Wow, don't know how you did that either... but you're too kind. Thank you. =D>
Wake up Mr. Green...

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Postby monolisa » Mon Jul 27, 2009 3:42 am

Thanks zap! Very useful indeed.

Unfortunately I have read this thread 3 times the "hard way". Nevertheless others would benefit from your effort.

Lis
"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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Patch
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Postby Patch » Mon Jul 27, 2009 4:01 am

aVi

How is your trading progressing? Keep at it. Never stop.

Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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aVi
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Postby aVi » Mon Jul 27, 2009 5:50 am

Patch wrote:aVi

How is your trading progressing? Keep at it. Never stop.

Patch


Better, thanks. I hope your trading is going well.
Wake up Mr. Green...

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