Never Lose Again

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PTG
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Postby PTG » Tue Aug 04, 2009 9:47 pm

cfabian wrote:No trades today anyone?????

Get ready for shorts later tonight or tomorrow.

When big moves happen like yesterday, you prefer to stay out next day and wait for reversal signals after ranging market????


No trades ? Are you nuts ? :shock: :lol: :wink:

I'm short GU. Have been for a while. The SOB started ranging on me the moment I had entered into a trade :shock:

If it goes up, I will have to take my loss tomorrow morning.

If it goes down, I will have to take my profit at some predefined point.

What will happen ? Not up to me. Watching the Mark douglas video again.. :)

Can't watch that video often enough ! :!:
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Patch
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Postby Patch » Tue Aug 04, 2009 9:53 pm

Note on the chart above, in the run up, 9 green candles in a row. Once it peaked, the most down candles was 4 before reversing. jb
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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es/pip
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Postby es/pip » Tue Aug 04, 2009 10:21 pm

im back---- and still pretty hung over :D


MightyOne------- sorry to hear about your loss


ZapZing------ on the daily chart you posted

did you take those trades or were you just labeling the chart showing what was possible?
Bend over and assume the position for another 4 years of hope and change.

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Postby zapzinig » Tue Aug 04, 2009 11:55 pm

es/pip wrote:ZapZing------ on the daily chart you posted did you take those trades or were you just labeling the chart showing what was possible?

I labeled the chart on the Daily, I did not stay in for the multi day moves. My trades are taken off the H1 in line with the daily ,H4. When PA exhausts itself on the H1 I exit.
After posting the D1 chart I've been thinking about doing Daily zlines, however MO's thoughts on longer term moves vs short moves was that it is best to continually compound than stay in for long periods because you are continually increasing your lot size.

--zz

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es/pip
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Postby es/pip » Wed Aug 05, 2009 12:51 am

zapzinig wrote:
es/pip wrote:ZapZing------ on the daily chart you posted did you take those trades or were you just labeling the chart showing what was possible?

I labeled the chart on the Daily, I did not stay in for the multi day moves. My trades are taken off the H1 in line with the daily ,H4. When PA exhausts itself on the H1 I exit.
After posting the D1 chart I've been thinking about doing Daily zlines, however MO's thoughts on longer term moves vs short moves was that it is best to continually compound than stay in for long periods because you are continually increasing your lot size.

--zz



with ya


thanks
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Postby Humble » Wed Aug 05, 2009 1:22 am

Lis, thanks for your continuing work on the indi.

A suggestion to see if you or others think it's a good idea. With for e.g. an upward memo bar, a zl is drawn to the close of the previous bar. Instead of drawing the zone up to the 50% level of the memo bar, draw it up to the high of the previous bar.

This is my understand of how es/pip draws the lines.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby cfabian » Wed Aug 05, 2009 1:34 am

That's precisely what we need to avoid.... unnecesary losses. GBPUSD is been ranging around the same values for 32 hours.

I'm pretty sure it will go down, but not in the trade until having bearish momentum and after it entering short.




PTG wrote:
cfabian wrote:No trades today anyone?????

Get ready for shorts later tonight or tomorrow.

When big moves happen like yesterday, you prefer to stay out next day and wait for reversal signals after ranging market????


No trades ? Are you nuts ? :shock: :lol: :wink:

I'm short GU. Have been for a while. The SOB started ranging on me the moment I had entered into a trade :shock:

If it goes up, I will have to take my loss tomorrow morning.

If it goes down, I will have to take my profit at some predefined point.

What will happen ? Not up to me. Watching the Mark douglas video again.. :)

Can't watch that video often enough ! :!:
Last edited by cfabian on Wed Aug 05, 2009 2:33 am, edited 1 time in total.

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es/pip
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Postby es/pip » Wed Aug 05, 2009 1:40 am

Humble wrote:Lis, thanks for your continuing work on the indi.

A suggestion to see if you or others think it's a good idea. With for e.g. an upward memo bar, a zl is drawn to the close of the previous bar. Instead of drawing the zone up to the 50% level of the memo bar, draw it up to the high of the previous bar.

This is my understand of how es/pip draws the lines.


i tend to not use highs or lows of bars but rather the open or closes depending which direction the bar is

i do it a little different each time depending on how the price action looks-----

if the momentum seems to kick in above the body of the previous bar i will draw it from there. If the price action tried to go above an area or bar previously but the momo didn't really kick in i try to draw it where it looks to have kicked in------- if that makes any sense---- i will try to post a chart with what i mean

edit---------------------------------------------------------------

i draw the lines where i see the held profit, i use the zone as a reference of where a zl could be in that area

the zone will always be 50% of the 2x bar's body no matter what

the zl can be any line in that area

9 out of 10 times i would have it where blubbs indicator puts it

here is a chart of what i was trying to explain above--



Image
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Wed Aug 05, 2009 2:06 am

cfabian wrote:That's precisely what we need to avoid.... innecesary losses. GBPUSD is been ranging around the same values for 32 hours.

I'm pretty sure it will go down, but not in the trade until having bearish momentum and after it entering short.




PTG wrote:
cfabian wrote:No trades today anyone?????

Get ready for shorts later tonight or tomorrow.

When big moves happen like yesterday, you prefer to stay out next day and wait for reversal signals after ranging market????


No trades ? Are you nuts ? :shock: :lol: :wink:

I'm short GU. Have been for a while. The SOB started ranging on me the moment I had entered into a trade :shock:

If it goes up, I will have to take my loss tomorrow morning.

If it goes down, I will have to take my profit at some predefined point.

What will happen ? Not up to me. Watching the Mark douglas video again.. :)

Can't watch that video often enough ! :!:



i took a shot at it on the 4 hr chart and got out at b/e

i obviously wasn't here yesterday or today but i can look back and see it wasn't easy to trade--- not sure what i would have done--- but it wouldn't have been much



Image
Bend over and assume the position for another 4 years of hope and change.

Humble
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Postby Humble » Wed Aug 05, 2009 2:57 am

es/pip, thank you for your explanations and patients.

cfabian, whilst some here such as es/pip have the ability to trade the PA every which way, as I understand MO's zl concept, the idea is to look at the above chart see all the held profit from the up move and trade it back down. I'm not sure whether MO may even wait for the reversal and then trade it back up.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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