Never Lose Again

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Braathen
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monday morning...

Postby Braathen » Mon Sep 14, 2009 1:43 pm

just got this little beauty as my first trade today... got in at 1.4550 and out at 95 for a little 45+ :D :D

was a very nice trade hardly any drawdown and shot pretty fast imo.

Image

Thanks again to everyone who helped me see this!! :)

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aliassmith
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Postby aliassmith » Mon Sep 14, 2009 2:04 pm

Bailed 1.6595 waiting for better price to get in long

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es/pip
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Postby es/pip » Mon Sep 14, 2009 2:07 pm

aliassmith wrote:Anyone on this H4 GBP/USD?

Long at 1.6567 fingers crossed :)



with ya :D

also caught a little in the ej of the h1 momo bar 8)
Bend over and assume the position for another 4 years of hope and change.

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aliassmith
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Postby aliassmith » Mon Sep 14, 2009 2:30 pm

es/pip wrote:
aliassmith wrote:Anyone on this H4 GBP/USD?

Long at 1.6567 fingers crossed :)



with ya :D

also caught a little in the ej of the h1 momo bar 8)


Looks like I missed my re-entry at 1.6577 off of the M5 G/U

OH well made 7% today, I'll take that 5 days a week 8)

Nap Time!

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es/pip
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Postby es/pip » Mon Sep 14, 2009 3:04 pm

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

Image


ej trade


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

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cfabian
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Postby cfabian » Mon Sep 14, 2009 3:11 pm

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.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Andy123
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Postby Andy123 » Mon Sep 14, 2009 3:13 pm

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


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aliassmith
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Postby aliassmith » Mon Sep 14, 2009 3:29 pm

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.

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cfabian
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Postby cfabian » Mon Sep 14, 2009 4:09 pm

Ok, I've realized you posted that trade when I was typing mine.

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.

Image
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

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lukx
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Postby lukx » Mon Sep 14, 2009 4:46 pm

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.



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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