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pablo101
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Postby pablo101 » Fri Aug 21, 2009 5:20 am

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.
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Postby pablo101 » Fri Aug 21, 2009 5:35 am

***FX-JEDI*** wrote:
pablo101 wrote:I know most are learning MO 202 so far so sorry for the buggin, I'm still in 101 class duh :)

First chart is the EU trade zline trade I entered from yesterday 19 Aug. Shame it was on demo only :( Second chart is GU today which turned out to be a loss. It may still work out so I already put an order in. Can any pros here comment on my GU and was it a bad entry on my part ... sort of like operator error?


Hi Pablo,

Not a pro...not yet anyway... but willing to make a comment on ur GBP trade. explanation in pics. Hope it helps..

Regards ***FX-JEDI***


Thank you for your explanation FX, some new terms and indis such as KR and fibs for me to get my head around. Will need more studying which is a good thing as I want to learn more :) TU

Nice trade on that GJ In my books, 165 pips is in the major leagues so you really are a PRO!

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Postby pablo101 » Fri Aug 21, 2009 6:12 am

es/pip wrote:
pablo101 wrote:I know most are learning MO 202 so far so sorry for the buggin, I'm still in 101 class duh :)

First chart is the EU trade zline trade I entered from yesterday 19 Aug. Shame it was on demo only :( Second chart is GU today which turned out to be a loss. It may still work out so I already put an order in. Can any pros here comment on my GU and was it a bad entry on my part ... sort of like operator error?


that one is a little trickier bec it does not happen on consecutive bars--


not sure what your exact entry price was---- but looking back at the chart i think you could have got out at b/e or - a few--

are u watching the 5 min chart at all?

i don't think it was an incorrect trade. i watch the 5 min and tend to get out when a 5 min bar closes against me
:?: :?:

Entry was 1.6513. Looking back on that trade, there weren't many wicks in loss, I see bodies in profit but the wicks weren't that prominent. Maybe its something for me to keep in mind.

I did eventually enter GU again, when I saw the sudden reversal on the 8:00 bar yesterday and I saw the wick then I entered short and got 47 pips from it LOL. I was down -92pips yesterday but still managed to be in profit :)

5 min is too fast for me and normally I get fried trading from it. To tell you the truth, I'm not sure what I'm looking for in the smaller TF's javascript:emoticon(':?:'). For now I follow dragons suggestion and stick to the 1 hour for entry.

By you saying that 'it wasn't an incorrect trade' makes me feel the happiest zline newbie in the world. I least I know my thinking is in the right direction. Thank you ES/PIP, you're one of the best in the business!
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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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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!



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

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

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

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