Never Lose Again

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manujoos
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Postby manujoos » Fri Aug 14, 2009 4:36 pm

Thanks es/pip and dragon

Very helpful! I wish you a nice weekend and see you next week!

manu

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cfabian
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Postby cfabian » Fri Aug 14, 2009 4:44 pm

Damn.... I've been away from my duties as my 2nd child was born this week :)

Looks like I have lots to study as many info has been posted in the last 10 days.

Cheers
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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dragon33
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Postby dragon33 » Fri Aug 14, 2009 7:21 pm

cfabian wrote:Damn.... I've been away from my duties as my 2nd child was born this week :)

Looks like I have lots to study as many info has been posted in the last 10 days.

Cheers


Congratulations and wish you a happy future with your children :smt041 :smt041 :smt041
Last edited by dragon33 on Fri Aug 14, 2009 10:38 pm, edited 1 time in total.

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brettnchrism
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Postby brettnchrism » Fri Aug 14, 2009 7:24 pm

I get to see new things all the time. I had been wondering how it was that ES was able to anticipate that a target would be hit.

I have looked at the posted charts and many times I see a reversal pattern that may be headed for a target and then fizzle out but what I see is that it is better to wait until price is closer to a target and that price may not just turn around and go the opposite direction after a big up or down move. I also see that the H1 and H4 targets seem to be the norm to shoot for. I have been trying M15 targets entering on M5 but that doesnt work too well. So now I plot H4 H1 z lines and watch the H1 for some pattern and then go to M% or M15 for entry.
Thanks for the help .

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es/pip
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Postby es/pip » Fri Aug 14, 2009 8:11 pm

cfabian wrote:Damn.... I've been away from my duties as my 2nd child was born this week :)

Looks like I have lots to study as many info has been posted in the last 10 days.

Cheers


congrats
:D
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 » Fri Aug 14, 2009 8:28 pm

brettnchrism wrote:I get to see new things all the time. I had been wondering how it was that ES was able to anticipate that a target would be hit.

I have looked at the posted charts and many times I see a reversal pattern that may be headed for a target and then fizzle out but what I see is that it is better to wait until price is closer to a target and that price may not just turn around and go the opposite direction after a big up or down move. I also see that the H1 and H4 targets seem to be the norm to shoot for. I have been trying M15 targets entering on M5 but that doesnt work too well. So now I plot H4 H1 z lines and watch the H1 for some pattern and then go to M% or M15 for entry.
Thanks for the help .


yeah, u have to use the higher time frames. No matter if you are trading forex, stocks, futures or whatever the higher time frames are always more important. If you have huge down momo on the 4 hr and 15 min up momo into the 4hr momo who is going to win? most likely the 4hr

along with all of that------- there are a ton more pips to be had trading and targeting off the h1-monthly charts.

as far as " I had been wondering how it was that ES was able to anticipate that a target would be hit. "

------- if u r looking at a h1 chart and we have just come down and zl'ed a group of traders, we then have momo up creating a possible zl long trade---- if this trade/area holds where is the next group of traders sitting with held profits-------- that's the new target for the long. they hit most times bec as MO has said--" that's how the market works". If it doesn't hit just use PA to get out.

Also, every one that is trading this way is doing it a little different. I know that i could not replicate exactly what MO, monolisa, zap, dragon, etc etc etc does. They trade the way they do bec. it is what they see. i trade the way i do bec that is what my mind sees and thinks when i look at the chart. Your mind may not see and process what mine does.

I think it comes down to taking every thing MO has taught and making it your own. Not changing what he has taught to fit your mind, but fitting your mind to what he has taught so it works for you.
Bend over and assume the position for another 4 years of hope and change.

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dragon33
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Postby dragon33 » Fri Aug 14, 2009 8:32 pm

brettnchrism wrote:I get to see new things all the time. I had been wondering how it was that ES was able to anticipate that a target would be hit.

I have looked at the posted charts and many times I see a reversal pattern that may be headed for a target and then fizzle out but what I see is that it is better to wait until price is closer to a target and that price may not just turn around and go the opposite direction after a big up or down move. I also see that the H1 and H4 targets seem to be the norm to shoot for. I have been trying M15 targets entering on M5 but that doesnt work too well. So now I plot H4 H1 z lines and watch the H1 for some pattern and then go to M% or M15 for entry.
Thanks for the help .


You are on the right way. H4 as starting point (entry and exit) H1 as basic chart to watch. When target is far away from the entry it is sometimes better to look on H1 for a pitstop and reentry.

Humble
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Postby Humble » Fri Aug 14, 2009 10:06 pm

cfabian wrote:Damn.... I've been away from my duties as my 2nd child was born this week :) Looks like I have lots to study as many info has been posted in the last 10 days.
Cheers


Congrats.

Just think of all those sleepless nights you are going to have, to catch up on the study :shock:

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brettnchrism
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Postby brettnchrism » Fri Aug 14, 2009 10:51 pm

Hey ES and Dragon thanks for the replies. I have been trading with Pro but the M1 chart is a little fast for me. I can see the set ups when I back test now I just need to identify them live. I also watch EJ and GU so I think that I will just pick one pair right now to watch until I can be consistant with my results then maybe add a second pair for more pips.

aliassmith
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Postby aliassmith » Sat Aug 15, 2009 12:25 am

es/pip wrote:
lol
im not going to throw out any %'s per week--- but it is up there.

people who have their own own paradise Island's do not have the real estate portfolio that i have at the moment :oops:

i also do not continually compound my account, some weeks i take out 25-100% of what i made---- just depends on where it grew to and how i feel about where i am ---based on the $ per pip i am trading at. some weeks i take nothing out. the only reason i take anything out is bec it gets to a point that it is just retarded

also remember that i am risking 4% per trade--- not saying that anyone should do that----its just what i do

i could also put in enough cash to quadruple my account and risk 1% but it is all the same.



what MO has shown is the most powerful thing i have ever seen

think about this for a second

I am not saying to trade towards a per day/week goal-- DON'T DO THAT- just giving an example----



say you trade with 20 pip stop at 4% risk per trade

1$ per pip per $500

you make 30 pips a day/ 150 pips per week

150/500= 30% per week

you start with 5k

in six months you have roughly 2.4 million---------------- :shock:

but as MO has said you do not need sixquadzillionmillionzillionumpteenzillion dollars either :D


Thanks es/pips and Dragon

I didn't expect anyone to say exactly how much percentage they make each week. I still appreciate what you did reveal :) I see so much opportunity from just watching the 1 hour charts it is rediculous. I see at least 4 pairs I could trade full time and make 30% to over 100% each week based on 3% risk. trading full time.

Currently I am trying to trade part time a little before US open until lunch. I don't find as much opportunity in this time frame yet. I am sure it will be a challenge at first until I can trade full time. I see a lot more potential since I came across you guys and Mightyone, along with Zapzining as I use mostly his style. Well off to simulation 8)

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