just got this little beauty as my first trade today... got in at 1.4550 and out at 95 for a little 45+
was a very nice trade hardly any drawdown and shot pretty fast imo.
Thanks again to everyone who helped me see this!!
Never Lose Again
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- aliassmith
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- aliassmith
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traded the pound trade off the m15 first and didnt like the pa got out +15, then got back in on the m5 and traded ( the higher time frame setup) it up to the target---
nice when they do exactly what they are supposed to do --lol
looks like the same exact thing aliassmith was talking about
ej trade
nice when they do exactly what they are supposed to do --lol
looks like the same exact thing aliassmith was talking about
ej trade
Bend over and assume the position for another 4 years of hope and change.
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espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
- aliassmith
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Andy123 wrote:Thanks to everyone who has contributed to this thread, it's absolutely amazing, it really is.
I've attached a picture here, I was just wondering where you would enter on the 5 min, I was really unsure at it didn't quite hit the ZL, but as you can see I missed the boat.
Thanks
I missed the boat on that one also Andy, I was doing something else.
As for entry, sometimes I look for MoMo leaving a ZL area.
Other times I just calculate my risk and figure out a lot size and
Stop loss size that I am comfortable with and use that as my entry criteria.
Ok, I've realized you posted that trade when I was typing mine.
If you have further comments more than welcome
If you have further comments more than welcome
cfabian wrote:espip,
This is what I was cooking for a trade. Price never reached my ZL. I've marked the MZ for the next candle, which could be a good entry as well.
The thing is that I was so hesitant to enter at that zone, as I thought price would come back to the line, specially since the first short candle (the highest price in the blue box) had already ZL some traders.
How would you have handled this? I didn't take the ride.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
TheRumpledOne wrote:
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.
I was looking into it. But I'm not as smart as TRO and don't get it.
Can someone explain this way of trading for me?
1) "After price makes a new low" on 1h tf or on daily?
2) "I will enter long on a green M1 or M5 candle (within 20 pips of the low)". I don;t get this "20 pips of the low" thingy? Some chart would be awesome.
Thanks in advance for help with this one. I hope there is someone who understand TRO's quick screenshots with only few sentences
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