Never Lose Again

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Shadik
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Postby Shadik » Mon Sep 07, 2009 8:10 am

TheRumpledOne wrote:Image

Remember what H. Rearden said?

"Now, 2 patterns of market behaviour happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)"


After price makes a new low, I will enter long on a green M1 or M5 candle (within 20 pips of the low) with a 10 pip stop loss. Sooner or later, price reverses and I catch the move. This is simple and I don't get beat by the rat.

dailyhl20pips template attached. You should already have the indicators TRO_PLOT and TRO_DYNAMIC_FIBS_SR_TRAIL.

I really hate seeing fellow traders struggling. KEEP IT SIMPLE.


Sth like AMAZING strategy? :)

Ok, I have sth for you gays and (one?) girl :)

1. This is not my strategy.
2. if price make daily high and low wait for broken OR reversal (pin bar or momo like confirmation ? its depentd from you)
3. One trade per day on one pair - no more
4. Look how often its works perfectly (if daily high is broken then price many times will continue this move if dont then price will back to daily low/high)

check it out:

Image

Sorry for my english but i hope you all guys see it :)

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pablo101
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Postby pablo101 » Mon Sep 07, 2009 11:55 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


Hi, can someone name the indicator that shows the vertical lines to separate the days. Thx in advance. :)

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lukx
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Postby lukx » Mon Sep 07, 2009 12:32 pm

Right click on chart, properties, common, Show Period separators

aliassmith
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Postby aliassmith » Mon Sep 07, 2009 1:00 pm

M5 Short Momo to Momo for 20 pips
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es/pip
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Postby es/pip » Mon Sep 07, 2009 2:18 pm

lukx wrote:
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


i shouldn't have really mentioned that------

i was just scalping off the zl's--- bec not much was happening, i think i made 8 pips on it. That's why i was saying it wasn't worth really worth it

Image

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

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spa
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Postby spa » Mon Sep 07, 2009 4:32 pm

decided to ask for feedback on the MZ/ZL trades since i don't seem to be able to figure it completly out...

today's EJ trade.. 4h shows a clear ZL while the smaller TFs don't..took the short trade(3rd of the position)had 20+ pips profit and it returned and i got out .. on the 4h nothing has changed ..comments welcomed

is MO's pdf file available, if so can someone be kind enough to share..thanx
Attachments
gj.jpg
4h ZL combined with a 1h ZL took the 15 min wick(2 entries) ..on hindsight could have waited for the momo on the 15 min chart
gj.jpg (165.97 KiB) Viewed 1533 times
ej.JPG
obviously after i got out price continued towards the 4h target
ej.JPG (202.2 KiB) Viewed 1540 times
Last edited by spa on Mon Sep 07, 2009 4:49 pm, edited 1 time in total.

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dragon33
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Postby dragon33 » Mon Sep 07, 2009 4:42 pm

The first trade is not out the book it is just a trade away from resistance

Image

Here you can see the reentry based on the H1 chart.

Image

Here you can see the priceaction on the M15. After the first high price drops down but stays in the momocandle. When running back up there is a decrease in speed and time. That made me decide to take the trade!

Image
Last edited by dragon33 on Mon Sep 07, 2009 6:03 pm, edited 1 time in total.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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lukx
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Postby lukx » Mon Sep 07, 2009 4:55 pm

nice onbe with ej. I'm stuck form London open with EU long from 1.43352 ZL. It's just fooling around and doesn't want to go up.

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cfabian
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Postby cfabian » Mon Sep 07, 2009 5:19 pm

Very nice dragon... I had the same trade, but going the other way LOL. Here's what I was seeing:

H1, price had long momentum, then short momo started to build and saw the area you marked on your H1 chart. As long momo candle was bigger and saw price action bouncing up, thought would be a long entry point. Then looked for that entry point on lower TF.

What made you believe price would go down even further? My H4 candle at that time showed no momo (it does now at the close).

Image

Image

dragon33 wrote:The first trade is not out the book it is just a trade away from resistance

Image

Here you can see the reentry based on the H1 chart.

Image

Here you can see the priceaction on the M15

Image
Last edited by cfabian on Mon Sep 07, 2009 5:25 pm, edited 1 time in total.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

gutek04
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Postby gutek04 » Mon Sep 07, 2009 5:24 pm

Well, I dont know what to say... my broker is annoying me sometimes, Ill better start to look after another one.
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