Never Lose Again

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prochargedmopar
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Postby prochargedmopar » Wed Sep 02, 2009 1:22 am

cfabian wrote:
"Daaaahhhh, stop thinking and trust what you see !!!!!!!!!! "

The epitome of my f-ups.
#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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gutek04
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Postby gutek04 » Wed Sep 02, 2009 7:40 am

alliasmith, i did not understand why You have entered first trade... It doesnt look like MO trade. Seckond one is perfect!

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lukx
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Postby lukx » Wed Sep 02, 2009 7:47 am

hmm, to me 1st trade also was MO trade

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Postby gutek04 » Wed Sep 02, 2009 8:17 am

well, I could be wrong of course :D Im just starting with this strategy.

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Postby Fxtraveller » Wed Sep 02, 2009 9:06 am

perhaps the momo of the first trade was continuation of the initial momo, that really counts, and its the one where the price truly reversed after.

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lukx
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Postby lukx » Wed Sep 02, 2009 9:35 am

how is today for you guys ? for me only looses. price jumping between 4h ZLines like crazy and I'm on the wrong side of the trade every time.

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Postby gutek04 » Wed Sep 02, 2009 10:00 am

Same as me 2x SL today, didnt saw Daily ZL bounce on GBP/USD and that cost me 60 p.

What do You guys think about entering SHORT on the opposite area?
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Fxtraveller
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Postby Fxtraveller » Wed Sep 02, 2009 10:33 am

well, I'll join you guys.

Lost all profit and more, SL too big and TP tiny.

saw bear momo, saw retracement, wicked, entered, price continued upwards....
I ignored my own D1 MZ, where I should have started looking to enter long.

But I decided to trust H1 more, and lost.
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pablo101
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Postby pablo101 » Wed Sep 02, 2009 10:40 am

ha, I thought it was only me losing today :) I was up 70 pips but down to half that.

Momo is telling porkies today ....
What line? The line that tells you which way you are trading! - MO

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Postby Fxtraveller » Wed Sep 02, 2009 11:37 am

its us who are misreading the momo.... everything HAS to make sense, aiming at 80% accuracy with money management requiring 50% or less win ratio.

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