Never Lose Again

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es/pip
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Postby es/pip » Thu Aug 06, 2009 3:41 am

sleep time

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

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monolisa
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Postby monolisa » Thu Aug 06, 2009 3:50 am

Nice trade, es/pip. Have a good nite.

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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 » Thu Aug 06, 2009 3:53 am

monolisa

I lost about net 40 demo pips this morning and felt terrible. Then I read pro's post and felt worse for him. This is real life whether demo or dollars. 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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monolisa
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Postby monolisa » Thu Aug 06, 2009 4:13 am

I understand your feeling, Patch.

Losing is part of trading, the important thing is that you need to learn from it and keep your losses tight (and let your profits run!!).

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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prochargedmopar
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Postby prochargedmopar » Thu Aug 06, 2009 5:21 am

MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO


It's not what you trade it's how you trade it......Isn't that what TRO says?

Well, I was short e/j from the 137.60 line, stopped myself out at -4.2 as it looked like price was gonna make another push.
Then went short again about the 52 when price made a larger correction that was not able to return to the extreme.....had a couple entries there as I got frustrated......Then subsquently started going long in anger "knowing" that price would retrace at some point. Hmmmmm
You can see from the m1 chart that there was not much of a re-trace.
News/operators helped to margin acount with my assistance.
-211 pips.....just enough to zero me.
Account drained.......LOL
#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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MightyOne
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Postby MightyOne » Thu Aug 06, 2009 6:12 am

monolisa wrote:Oops! I read the explanation on the "diamond" chart. Thanks

Lis


The second black box should read:

Each box is then 50 bars left/right from vertical

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monolisa
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Postby monolisa » Thu Aug 06, 2009 6:32 am

MO,

So are you saying there's a positive relationship between the trend angle (or angle of attack :)) and price range of such trend?

20 degree = 11 pips
5 degree = 2.8 pips
50 degree = 28 pips
etc

Is the diamond restricted to 50 bars? Also is there any particular reason to use M1?

Thanks.

Lis
MightyOne wrote:Ok, it took me almost 2 hours to create this picture :roll:

I usually do not draw full Diamonds of perception because they take so fergin long to draw and moving them is even worse!

Feel free to code it ;)

If you can have it delete the background boxes after the diamond is drawn then that would be spectacular.

The lime green angles in the picture are sharps and the dark green angles are flats.

DIAMOND OF PERCEPTION 202
Learning the angles of perception


Image
"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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MightyOne
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Postby MightyOne » Thu Aug 06, 2009 7:38 am

prochargedmopar wrote:
MightyOne wrote:Here is the Diamond of Perception formula used on the EJ minute last night.

While the momentum was bullish on the H1, price did make a larger correction than the previous corrections which returned to reach new highs and I expected a dynamic trend reversal.

It is very dangerous to trade against H1 momentum so I dropped down to the minute charts and used M1 202 on the charts for a 55 pip gain.

The VAST MAJORITY of the time I am trading with H1 momentum as it is suicide not to with few exceptions.

See if you can find any secrets revealed in this chart:

Image

Keep growing and learning -MO


It's not what you trade it's how you trade it......Isn't that what TRO says?

Well, I was short e/j from the 137.60 line, stopped myself out at -4.2 as it looked like price was gonna make another push.
Then went short again about the 52 when price made a larger correction that was not able to return to the extreme.....had a couple entries there as I got frustrated......Then subsquently started going long in anger "knowing" that price would retrace at some point. Hmmmmm
You can see from the m1 chart that there was not much of a re-trace.
News/operators helped to margin acount with my assistance.
-211 pips.....just enough to zero me.
Account drained.......LOL


If you are basing your decisions on what the active candle is doing then you are allowing your self to be fooled by the illusion.

Bodies show the way PRO and bodies are never active.

The best you can hope to see on an active candle is a better price to enter.

And for God sakes man use a daily loss limit!

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MightyOne
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Postby MightyOne » Thu Aug 06, 2009 8:03 am

monolisa wrote:MO,

So are you saying there's a positive relationship between the trend angle (or angle of attack :)) and price range of such trend?

20 degree = 11 pips
5 degree = 2.8 pips
50 degree = 28 pips
etc

Is the diamond restricted to 50 bars? Also is there any particular reason to use M1?

Thanks.

Lis
MightyOne wrote:Ok, it took me almost 2 hours to create this picture :roll:

I usually do not draw full Diamonds of perception because they take so fergin long to draw and moving them is even worse!

Feel free to code it ;)

If you can have it delete the background boxes after the diamond is drawn then that would be spectacular.

The lime green angles in the picture are sharps and the dark green angles are flats.

DIAMOND OF PERCEPTION 202
Learning the angles of perception


Image


The number of bars used creates the size of the diamond.

It can be 50, 100, 230, 473, it does not matter.

Whichever time frame you see the angles on is the time frame in which you draw the diamond.

I hope that this example clears things up:

Image

Who Am I ?
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Postby Who Am I ? » Thu Aug 06, 2009 8:10 am

Hi Lis,

Can you please post this template on your chart?

-- WAI?

monolisa wrote:Nice trade, es/pip. Have a good nite.

Image

Lis

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