Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Tue Sep 15, 2009 2:30 pm

Hold on Lukx,
I know what you're feeling. I'm on that side of the line as well. I've lost a significant amount of money learning this thing... it's been 1.5 yrs and it is almost sinking in. Wont rest until I recover all my losses and I know I will do that, that is my first target.

Remember that the most successful of the traders in this forum have had some prior experience, and also the vast majority have passed through this devastating stage.

I do hope to be in the other side of the line soon, but is a matter of patience and hard work and discipline. You don't have to be in the market always, is not mandatory... (I did that before). Try to be extremely selective before hitting the trigger.

What job out there can pay you thousands a day? Extremely hard/impossible to get right? It is possible by trading, so we need to push harder to be able to do so.

Don't give up my friend!!!!!!



lukx wrote:well after today I think I'm done with trading forex.
I got hit really bad today I took long on EU and it went down fast.
I guess I don;t see it and will never do.
Good luck guys with your trading hope for you fortune be better.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 841
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 0
Real name: Pete
Gender: None specified

Postby pablo101 » Tue Sep 15, 2009 2:48 pm

lukx wrote:es/pip, I tried TRO DTB method but scalping for 5 pips with huge drawdowns didn't work for me, and his other way are totally mystical for me. He's just dropping screenshot and expect everyone to understand what he is doing.

Here's mine chart. I guess it was my mistake but I was looking at bigge rpicture daily and I was aiming for longerterm trade for about 200 pips

Image

I was looking at this aim:

Image


Lukx,

I just want to be clear, on the 1 hour, your entry was long around 4620 and your stop was around 4560? So it was a stop of about 60 pips???

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Sep 15, 2009 3:12 pm

Image

OPPORTUNITY TIME
Last edited by TheRumpledOne on Tue Sep 15, 2009 6:54 pm, edited 1 time in total.
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.

tradepar
rank: <50 posts
rank: <50 posts
Posts: 12
Joined: Tue Apr 14, 2009 7:02 pm
Reputation: 0
Gender: None specified

Postby tradepar » Tue Sep 15, 2009 3:13 pm

Isn't the SL below Momentum bar a good place?

Or at least if the candle closes below the MOMO bar, should close the position.

I am still learning and demoing.

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Tue Sep 15, 2009 3:19 pm

Great job espip,
Damn... you're always on the screen when there's good action. What's your secret/advice to do so?

Really, you mentioned you have an idea of when there's going to be action. and as sitting in front of the PC for hours is extremely boring, not to mention need sleep time, I wonder how you determine to stay up during London or not to miss a particular session? Please give your hints or unveil the secret :)

Thanks


es/pip wrote:jeez


done for the day

Image

Image

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

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Patch
rank: 500+ posts
rank: 500+ posts
Posts: 941
Joined: Sat Jan 06, 2007 6:13 pm
Reputation: 0
Location: Virginia
Real name: Jeff
Gender: Male
Contact:

Postby Patch » Tue Sep 15, 2009 3:21 pm

lukx

If the above trade just wiped you out, please tell me were you trading a demo account, a mini account or a regular account?

You are as of right now suspended from trading any real money until you trade and earn 1000 pips in 200 trades. I learned this from MO. I learned from Forest Gump that stupid does what stupid is so Stop trading money. Take a break for as long as you need. You gotta go back to kindergarten; you can sit next to me in the back row if you like. Hey man, I've lost more than you ever did. So what?

If you can't make profit in demo for 200 trades, what makes you think you will do any better with real dinero on the line?

You back row buddy,

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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Tue Sep 15, 2009 3:26 pm

Just took a GBP/USD short M15

I felt it was going to bounce at 1.6411 so I bailed with
about 30 pips so 40 pips on the day 6%.
Attachments
aliasgbpusdsep15m15.gif
aliasgbpusdsep15m15.gif (8.78 KiB) Viewed 992 times

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Tue Sep 15, 2009 3:54 pm

Image


OPPORTUNITY TIME
Last edited by TheRumpledOne on Tue Sep 15, 2009 8:37 pm, edited 1 time in total.
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.

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Tue Sep 15, 2009 4:15 pm

lukx wrote:es/pip, I tried TRO DTB method but scalping for 5 pips with huge drawdowns didn't work for me, and his other way are totally mystical for me. He's just dropping screenshot and expect everyone to understand what he is doing.

Here's mine chart. I guess it was my mistake but I was looking at bigge rpicture daily and I was aiming for longerterm trade for about 200 pips

Image

I was looking at this aim:

Image



let me say this first

if you are going to continue to try and make trading work for you, you r going to have to take a never give up never quit attitude. THat you emotionaly and mentaly will not accept anything less than what you want. Then you make it happen

trading is 5-10% knowledge and 90-95 % emotions--- or somewhere around that

i have been looking at charts and trying to trade for 12 years

6 years ago i started making steady money and it has just got better from there

i lost more money than you could imagine----my money, others peoples money and borrowed money

i had no real idea what i was doing, but finaly figured it out

you are presented with info from everyone on this site that contributes that allows you to significatly reduce your potential learning curve.

Trading is not for everyone. If its not for you then quit and save yourself the pain of going thru the learning curve. If it is for you then you have to change your attitude and make it work.

and lastly----- i cant believe i am going to say this again---- no matter what stye anyone is learning to trade EITHER TRADE DEMO OR AT A $ PER PIP THAT HAS NO POSITVE/NEGATIVE IMPACT ON YOUR ACCOUNT---- this will save you $$$$$ and your sanity

then when YOU KNOW WHAT YOU ARE DOING then start applying %'s and risk and grow your account
____________________________________________________


on that trade

sigh

the only acceptable reason to have that large of a stop is if you have been playing the whole way up getting in and out and adding pips( from profits) to your stop with your end target in mind

look at how far it has moved off the bottom

you have large amounts of held profit below you

you got in half way up the move( with no profits) and took a new position --with risking a huge stop 1/2 of the move up



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

User avatar
es/pip
rank: 1000+ posts
rank: 1000+ posts
Posts: 2898
Joined: Wed Jan 21, 2009 9:28 pm
Reputation: 0
Gender: None specified

Postby es/pip » Tue Sep 15, 2009 4:20 pm

cfabian wrote:Great job espip,
Damn... you're always on the screen when there's good action. What's your secret/advice to do so?

Really, you mentioned you have an idea of when there's going to be action. and as sitting in front of the PC for hours is extremely boring, not to mention need sleep time, I wonder how you determine to stay up during London or not to miss a particular session? Please give your hints or unveil the secret :)

Thanks


es/pip wrote:jeez


done for the day

Image

Image

Image



lol

and the answer is--------------no sleep

honestly

i had alerts set at that h4 zl area and i was sleepibg in my office
Bend over and assume the position for another 4 years of hope and change.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”