Never Lose Again

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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 06, 2009 5:23 pm

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MightyZones and SweetSpots on the weekly chart.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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lukx
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Postby lukx » Sun Sep 06, 2009 6:43 pm

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Earth from Space ;P

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Patch
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Postby Patch » Sun Sep 06, 2009 9:34 pm

lukx

This shot from space of earth sure is a macro view of forex trading.

Would you please pin point Hawaii?

Breath-taken

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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Postby nelreth » Sun Sep 06, 2009 11:58 pm

Hi

I have question about MZ - how do You determine when MZ is broken ?
Candle close above/below MZ ?

Example

Image

On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

How do You handle in this case ?

Regards

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flinux
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Postby flinux » Sun Sep 06, 2009 11:58 pm

earth from space .. LOL :D
Last edited by flinux on Mon Sep 07, 2009 12:09 am, edited 1 time in total.

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flinux
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Postby flinux » Mon Sep 07, 2009 12:04 am

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This is my working template.

GBP/JPY M30

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razorboy
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Kelly Ratio

Postby razorboy » Mon Sep 07, 2009 1:07 am

Anyone here use the kelly ratio for position sizing (and stick to the recommended size)?

Based on my win/loss and payoff ratio, my kelly ratio is close to 20% a trade and "common sense" tells me that is way too much, yet mathematically, it shows some insane compounding - about 5000 to 86000 in 100 trades or so, even a 7% win rate works out to a 2000 dollar gain on a 5000 account over the same 100 trades

any thoughts on the sheer lunacy of strictly adhering to the kelly ratio......
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es/pip
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Postby es/pip » Mon Sep 07, 2009 3:35 am

nelreth wrote:Hi

I have question about MZ - how do You determine when MZ is broken ?
Candle close above/below MZ ?

Example

Image

On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

How do You handle in this case ?

Regards


for me anyway

once the PA goes above/below a MZ and we have new PA then the zone is no longer valid

On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

u just have to read the PA and make a decision on what makes the most sense----- and look at where the next level of held profit is that you are shooting for. When you were looking short off the above MZ you have a new held profit just created right below you---- so not much room to go down---same on the long that could have been traded--- no real room to go up

could it have been traded----yes------did i trade it-----yes--- was it worth it---- not really

but i was aware that there was no room and just got out at the first sign it was stalling-----


but this trade is a lot more inviting bec it has more room



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

nelreth
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Postby nelreth » Mon Sep 07, 2009 4:34 am

Hi

Thanks es/pip for answer

I think in moments like this the best way is wait for more "cleaner" situation - at least for me I'm still fresh with ZL :)

Regards

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lukx
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Postby lukx » Mon Sep 07, 2009 7:50 am

es/pip wrote:On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)
Image


hmmm... I can see MZ for short but wher eis this "the last candle create MZ for long" ?

Image

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