Never Lose Again

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prochargedmopar
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Postby prochargedmopar » Fri Aug 21, 2009 7:12 am

here is an m5 momo trade....it actually lined up on the H1 chart too....I could have held for much more if I'd just waited for a M1 body to close against me. I'll get there.

I got a slow fill at 46, (internet connection on aircard) and then added when it broke.

Total was 21.1 but as you see here even if I took 1 off the table I still could have grabbed 30-40 more pips.....
G/J looked even better.
Hmmmmm Shall we? hehehehehehe

EUR/JPY 1 B 133.559 133.623 6.4 0.68 0.00 8/21/2009 02:53 8/21/2009 02:54
EUR/JPY 1 B 133.465 133.612 14.7 1.57 0.00 8/21/2009 02:41 8/21/2009 02:54
2 21.1 2.25 0.00


M1's baby!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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#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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monolisa
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Postby monolisa » Fri Aug 21, 2009 7:29 am

Guys and gals,

I will be away from trading for a few weeks to enjoy a well earned holiday with my family.

Good luck with your trading.

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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Math Lines

Postby razorboy » Fri Aug 21, 2009 8:22 am

Patch

I take no credit for Momo - that is Mighty One. I see the edge in it, but don't get hung up if you don't. A simple MA cross can do the trick as well - despite what some may say.

in regards to math lines - Just unzip and read the attachment - more of an explanation than a system per se

more here

http://codebase.mql4.com/4868

http://www.google.com/search?hl=en&rlz= ... ell=1&aq=t

Remember this is a game of aggregated statistics - one or two trades means nothing, much like a few hands of black jack mean nothing if you are counting cards or running the casino. You should learn to love the law of large numbers almost as much as you love your family (maybe more in my case, but that is between myself and my therapists). You will realize what mightyone means when he says more risk is just more risk, but more profit is more profit.

I could probably tell you everything I have learned in the past year, much like mightyone has been dumping his brain, but until you see for yourself how you can make a fortune losing up to 85% of the time, and how you can risk 10 to 15 pips to make 100 pips plus, it will not register with you - it didn't register with me, but i could be super stupid.

If you figure out how to regularly kill a trade when a candle closes against you and not have it keep going in the way you thought it was going to go, the battle is almost half won. If you rejig your concept of what you consider a loss to be, you will be closer still (here is a hint, a loss doesn't always need to be negative).............

Remember, a pair moves thru both price and time............and pay particular attention to the daily range relative to the open of the 3 major markets

Having said all that, crack open a spread sheet and start recording price behavior when momo comes into the market and crunch some RR numbers. It doesn't need to be exact........i promise you that

I don't know where you are in your trading, so this could all be redundant and i could be the fool...........





Patch wrote:razorboy

How do I know when momo comes into the market? What time frames am I looking at?

I've cut and pasted all of MO's posts for about 100 pages and reading them, then will do the same with the next 100. Right now I look at you all's 101 charts and I don't see much, and don't hear what the red and green bars are whispering to me.

Could you post a chart of the Murray Math line on a EJ chart? What kind of line does this make anyway?

Patch
In VA
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Postby razorboy » Fri Aug 21, 2009 8:28 am

once it hits you, the only thing you maybe left wondering is what to bank traders do with all of their time.............
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby prochargedmopar » Fri Aug 21, 2009 9:58 am

these look like some pretty steep angles to me...................

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#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 razorboy » Fri Aug 21, 2009 11:22 am

Trading Days #of Trades Winners Losers Positive Pips Negative Pips Net Pips Pips Per Day
06/19/09 5 8 3 5 346 -100 246 49.2
06/26/09 5 8 1 7 106 -54 52 10.4
07/03/09 5 8 1 7 105 -48 57 11.4
07/10/09 5 9 4 5 457 -44 413 82.6
07/17/09 5 9 3 6 330 -88 242 48.4
07/24/09 5 9 4 5 438 -67 371 74.3
07/31/09 5 8 1 7 121 -102 19 3.8
08/07/09 5 8 1 7 100 -44 56 11.2
08/14/09 5 10 2 8 242 -92 149 29.94
08/21/09 5 7 3 4 385 45 430 86.04

And yes, that last week the losing column shows positive 45 pips, not negative......

about 8 trades a week on average.......

I post these weekly numbers not to show my brilliance - but as a thank you to MO and as proof that yes an idiot can learn this, if you forget all your bad habits. Sorry for the formatting
Last edited by razorboy on Fri Aug 21, 2009 11:36 am, edited 1 time in total.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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***FX-JEDI***
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Postby ***FX-JEDI*** » Fri Aug 21, 2009 11:34 am

pablo101 wrote:Here is a nice EU for today. This one was an ehhh or orrr kind of trade. I placed the trade on the 1 hour short from the H4 1.4256 I had marked up from a while back, then I checked the H4 and there was a zline from yesterday candle (time 8:00) 1.4227! So I probably wouldn't have entered this trade if I saw that. But saying that, some nice wick action on the H1.

Oh yeah, I'm still iffy about choosing targets, so I chose the next H4 target.


Hi Pablo, good thing u got out at just above 1.4200 level you were also trading against current daily candle, so in regards to targets be mindful of zline area on Hr also, & any area where bullish areas may happen. Fib levels, support, whole numbers, when i'm short Im always looking for areas where the longs may come into play & when long looking for where shorts may come into play, they are my target levels.
Another thing I look for trade with current Daily candle & Hr as in Euro pic below, wait for HR to retrace, Daily still long, look for long areas on HR as mentioned above, fib levels, support lines, plus I use some candle formations,much safer when starting out.

I'll explain KR candles in next post, but question for you, as what TRO does ;-) here I have the yellow lines pointing to Bullish KR candles in pic below, what the difference between them & the candle just prior to it. hint its all about low & close. for BULLISH KR Candles

Here is how I see/think Euro short term...

Thanks for the comment

Cheers ***FX-JEDI***
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Its better to be out of the market wishing you were in,
then being in the market wishing you were out.....

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Postby ***FX-JEDI*** » Fri Aug 21, 2009 11:44 am

razorboy wrote:Trading Days #of Trades Winners Losers Positive Pips Negative Pips Net Pips Pips Per Day
06/19/09 5 8 3 5 346 -100 246 49.2
06/26/09 5 8 1 7 106 -54 52 10.4
07/03/09 5 8 1 7 105 -48 57 11.4
07/10/09 5 9 4 5 457 -44 413 82.6
07/17/09 5 9 3 6 330 -88 242 48.4
07/24/09 5 9 4 5 438 -67 371 74.3
07/31/09 5 8 1 7 121 -102 19 3.8
08/07/09 5 8 1 7 100 -44 56 11.2
08/14/09 5 10 2 8 242 -92 149 29.94
08/21/09 5 7 3 4 385 45 430 86.04

And yes, that last week the losing column shows positive 45 pips, not negative......

about 8 trades a week on average.......

I post these weekly numbers not to show my brilliance - but as a thank you to MO and as proof that yes an idiot can learn this, if you forget all your bad habits. Sorry for the formatting


BRILLIANT RAZORBOY!! :D There's hope for me also...This website has really kicked my trading into gear :)
what is the positive 45 pips all about?

Thanks ***FX-JEDI***
Its better to be out of the market wishing you were in,

then being in the market wishing you were out.....

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Postby ***FX-JEDI*** » Fri Aug 21, 2009 12:23 pm

This is what I'm seeing on GBP/JYP Daily,
Possible new swing low @ 61.8 Fib level bounce, at MZ area, target the Upper Red MZ area 500+ pips away.. My thoughts only not a trade recommendation.

Any thoughts anyone??

Went long last nite on GBP/JYP got 28 pips, was up 71 @ one stage, but failed to take profit as was asleep. got out next morning...lol, missed good short trade tho..

I noticed a text box missing in one of my GBP/USD pics posted, I must of uploaded it before I saved it so will repost pic, I had arrows going to the current 61.8 & 78.6 fib levels, was saying here it areas market may bounce, esp 78.6 level as it was in 4hr MZ area.
price did bounce off these levels as I thought they may have down to the 4hr Buy MZ.


Hmm I need to trade what I think more...
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Screenshot - 20_08_2009 , 9_01_19 PM.png (135.13 KiB) Viewed 1321 times
Screenshot - 21_08_2009 , 8_12_33 PM.png
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Its better to be out of the market wishing you were in,

then being in the market wishing you were out.....

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Postby ***FX-JEDI*** » Fri Aug 21, 2009 12:34 pm

brettnchrism wrote:FX good explination. I don't know what KR means. Nice trade on GJ. Im still on EJ babysteps to GJ.

Are you using fibb retracements drawn on H4 or H1?

Thanks Im getting better but still alot to learn.


Thanks,
Yes I draw Fibs on all timeframes, when looking for long, I pull First fib from most recent swing Hi down to most recent swing Lo, then keep pulling fibs down to next swing Lo, & so forth whilst keeping same swing Hi, so there will be a 1hr fib that will match a 4hr fib, just there will be more candles in between.
A swing Hi or Lo is where there is a candle that has for a swing Hi 2 candles to the right & left of it, that are lower then its Hi & viceversa for swing Lo, just in case you didn't know.
I also pull fibs on the previous days Hi & Lo of the current daily candle.

ok I better stop, i've posted enough, tonight..
Its better to be out of the market wishing you were in,

then being in the market wishing you were out.....

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