Never Lose Again

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brettnchrism
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Postby brettnchrism » Thu Aug 27, 2009 10:19 pm

Hey ES thanks for the comments. Could you send a screen shot of what you mean on the dialy when you say no good bodies? thankx brett

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dragon33
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Postby dragon33 » Thu Aug 27, 2009 11:18 pm

lukx wrote:
dragon33 wrote:3. Now you have to observe. The closer you come to one of your marking lines the more interesting it is to take that trade. Why? Because you take it on the best price available and you can do it with a tiny SL.
I hope this helps.


dragon can you please explain a bit more, how to set this tiny SL? Bottom of momo? bottom of momo plus 10 pips etc?


It seems like you are getting the picture! Mozone starts from the openprice from the candle to the midsection.
You have a few options there. If the range from the zone is not to big (acceptable for SL) You can place a limit. The best way to do it is by going to the smaller timeframe and get in as near as possible. I think there are picture enough from es pip labeled with the entry and the close. Watch them.
If you use limit orders use the M5 to close before initial SL. If candle close outside your zeroline close your trade and search for new entry.

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dragon33
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Postby dragon33 » Thu Aug 27, 2009 11:21 pm

brettnchrism wrote:Weds Loss: Short trade at the Z line I guess we bounce off the bottom on this one...


Count your candles! Two red candles down. All held profit is taken out in also 2 candles. Hmm that's not really a decrease of speed.

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marypipins
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Postby marypipins » Thu Aug 27, 2009 11:43 pm

hey gang...
thanks for your help.. i shall keep studying and hope the light goes on..lisa
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aliassmith
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Postby aliassmith » Fri Aug 28, 2009 12:26 am

Nice little Trade on GBP/USD M5
I entered when I thought I was going to get
the best price and a small stoploss of about 9ish pips
can't ask for much better than that.

A 26% return on a 4% risk.

The price definitly ran more but I felt
like it was time to make an escape, from past
experience it usually is a bad thing to press my
luck too much :)
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pablo101
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Postby pablo101 » Fri Aug 28, 2009 1:43 am

H4 zlines all the way yesterday :)

Many KR days today.

Anyone considered starting a new thread to continue this almighty discussion on this already almighty thread? Seems to have a lot of downtime :(

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prochargedmopar
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Postby prochargedmopar » Fri Aug 28, 2009 1:56 am

TRUST THE MOMO!!!
HOLD THE MOMO!!!!

Look to the lower left of screen.
See the first m5 momo of asian session?
I went long on close at 18 with mental stop about 00's. (should have waited for pullback 08ish)

Anyway, I was up 12.4 and down 9.x.
Kids football game was starting so I closed at +4.

Look to right of screen....it went to 90!!!!!
yes, that's a 72 pip run untill the first largest correction....

It gave you a chance to exit with profit at 85 and 77...still +59-67 pips.

Gotta love the m5's baby!!!!!!

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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es/pip
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Postby es/pip » Fri Aug 28, 2009 2:17 am

prochargedmopar wrote:TRUST THE MOMO!!!
HOLD THE MOMO!!!!

Look to the lower left of screen.
See the first m5 momo of asian session?
I went long on close at 18 with mental stop about 00's. (should have waited for pullback 08ish)

Anyway, I was up 12.4 and down 9.x.
Kids football game was starting so I closed at +4.

Look to right of screen....it went to 90!!!!!
yes, that's a 72 pip run untill the first largest correction....

It gave you a chance to exit with profit at 85 and 77...still +59-67 pips.

Gotta love the m5's baby!!!!!!

Image


the reason behind that run was the h1 momo---

it showed the way bec it was the truth----

where was the held profit----

on the h4 chart of course

was i in that trade?----------- :D :D :D
edit--------------------------------------------------
traded it twice out at be on the first try

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

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lukx
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Postby lukx » Fri Aug 28, 2009 4:38 am

es/pip wrote:just be aware that a true zl happens on consecutive bars--- other wise you trade away from the area


I don't quite get it... can you drop quick screenshot , pretty please :)

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lukx
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Postby lukx » Fri Aug 28, 2009 8:25 am

Here's my trades today...one is still open.
Green box enter, blue exit.

Do you think it were good decisions or just luck ?

Image

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