Never Lose Again

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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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Patch
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Postby Patch » Fri Aug 28, 2009 10:50 am

WAY TO GO LUKX !!!

You hit the pips out of the banks pip volt into your account. You are working with H1 and H4 bars. This is the zone where the BIG pips are found.

Luck or skill, You are moving from luck to skill by your dilligent studing and learning. Luck takes you so far, your skill will serve you for the rest of your life.

Patch
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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dragon33
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Postby dragon33 » Fri Aug 28, 2009 11:05 am

lukx wrote: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


Sometimes you have to squeeze your chart and watch the left that way you have an idea where price is running to. Try to see where held profit is. Price always sooner or later that way

Image

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Postby Fxtraveller » Fri Aug 28, 2009 11:12 am

Can see the white line. But Would (did?) you enter at the momo candle or the following which wicked the Open/bottom of the momo candle?

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lukx
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Postby lukx » Fri Aug 28, 2009 11:13 am

Thanks Patch for your support and pushing me! ;).
Dragon don't see based on what you came up with this white line?

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Patch
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Postby Patch » Fri Aug 28, 2009 11:37 am

Lukx-Dragon33-Fxtraveller

Below is where I figure profits are being held onto by the H4 traders.

dragon33-What is the white line-entry line based on? I am getting brief glimpses and flashes of seeing. Always start by seeing where the profit it on the big time frame, in this case H4, then look at the next lower frame, H1 and see where the held money is for the H1 traders. How far back should I look on the H4 frame?

Fxtraveller-Are you referring to the 3rd pink H1 candle, counting from right to left?

Lukx-What are you basing the yellow ZL on?

Next time I will mark the lower time frame momo candle(s).

Patch
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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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PTG
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Postby PTG » Fri Aug 28, 2009 11:51 am

@Patch & lukx:

Not much time right now, but I suggest you look at the smaller timeframes and then tell what you see. Hint: look at the position of the white line on the smaller TF.
This is my new signature: "new signature".

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dragon33
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Postby dragon33 » Fri Aug 28, 2009 11:55 am

Fxtraveller wrote:Can see the white line. But Would (did?) you enter at the momo candle or the following which wicked the Open/bottom of the momo candle?


You don't trade the breakout with zerolines!!!
You take the pullback

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