Never Lose Again

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aliassmith
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Postby aliassmith » Thu Sep 17, 2009 2:32 pm

bakaender wrote:Sell at 1.6509 Exit at 1.6496. Bottom blue line was my target, trying to work on figuring out good targets to set so I'm able to get more of the pips available with more certainty. I based the target off the fact that price seemed to bounce off that point a couple times prior, but price quickly dropped another 20 pips beyond.

Should I be happy with what I got for just starting this ZL trading? or should I have moved up to the H1 or H4 and picked a target off there, seems like 1.6478 off the H1 chart might have been a better target decision.

Image


If you look at the second to last candle (white) and see where the bottom of it is then look left. You will see held profit which is a good target also.

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es/pip
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Postby es/pip » Thu Sep 17, 2009 3:58 pm

lukx wrote:another loosing day:

Image



" another losing day"

" its like this everytime"

:roll:

because you are negative is the main reason it is like that

if you think you are going to lose than u will lose---i dont give a poop what you know or think u know-- if you are negative then you will lose money--------------PERIOD.

i am not sure what else to say

go back and read MO's posts

you got zl'ed onn your first one instead of taking a profit

you could have got out at b/e small loss on most of those

others you let go against you by 20 pips or so when you could have gotten out at be or a small loss.

you continued to try and play it when it was not working while it was making lower highs




maybe you cant trade like i trade

i am just showing what i see and trying to give back since i got the stuff i am using from this forum from MO

I dont do it EXACTLY the same as MO presented.

If you cant do it this way do what tro is doing or what dchappy is doing
Bend over and assume the position for another 4 years of hope and change.

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prochargedmopar
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Postby prochargedmopar » Thu Sep 17, 2009 4:00 pm

Why?

I was short....saw -5 pips drawdown a couple times, then added a 2nd entry when I got in profit......

Then I exit for 7.x pips total.
Mother .......

see what happened afterward, exactly what I thought was going to happen.
EUR/JPY 3 S 134.413 134.398 1.5 0.49 0.00 9/17/2009 07:50 9/17/2009 07:52
EUR/JPY 3 S 134.463 134.400 6.3 2.07 0.00 9/17/2009 07:36 9/17/2009 07:52


Image

Yes, and more missed opportunities here too, that I was long on.
Hmmmm

EUR/JPY 3 B 134.345 134.338 -0.7 -0.23 0.00 9/17/2009 08:41 9/17/2009 08:43
EUR/JPY 3 B 134.290 134.338 4.8 1.58 0.00 9/17/2009 08:42 9/17/2009 08:43

I feel ya future winner dude!!!!!!!!!!!!
I'm getting grumpy.

Oh, and that big candle to the left kept going for a ways...........

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Thu Sep 17, 2009 4:12 pm

What would have been wrong with entering at 133.85 and just holding on for dear life??
Maybe I should try that some time.

LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

aliassmith
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Postby aliassmith » Thu Sep 17, 2009 4:23 pm

es/pip wrote:
lukx wrote:another loosing day:

Image



" another losing day"

" its like this everytime"

:roll:

because you are negative is the main reason it is like that

if you think you are going to lose than u will lose---i dont give a poop what you know or think u know-- if you are negative then you will lose money--------------PERIOD.

i am not sure what else to say

go back and read MO's posts

you got zl'ed onn your first one instead of taking a profit

you could have got out at b/e small loss on most of those

others you let go against you by 20 pips or so when you could have gotten out at be or a small loss.

you continued to try and play it when it was not working while it was making lower highs




maybe you cant trade like i trade

i am just showing what i see and trying to give back since i got the stuff i am using from this forum from MO

I dont do it EXACTLY the same as MO presented.

If you cant do it this way do what tro is doing or what dchappy is doing


It's nice of you to give back so much ES/PIP. I have done a lot of research of this type of trading and I can say it is the best thing since news trading. I know when it is not working is because of something I missed or emotions "make" me hold on to losess too long.

Lukx,

It may take some time to SEE what is going on and if you let your emotion control the trading you will lose. Maybe go back and read the thread again and look at a lot of past chart to learn to spot the right things.

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es/pip
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Postby es/pip » Thu Sep 17, 2009 4:55 pm

quote="prochargedmopar"]What would have been wrong with entering at 133.85 and just holding on for dear life??
Maybe I should try that some time.
LOL[/quote]

Lol---- I saw how u are doing this week in your thread----good week. What do u have to complain about? J/k
"Maybe I should try that"
Or

Target held profit and use the PA to get u out

Nice week regardless.
Bend over and assume the position for another 4 years of hope and change.

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dragon33
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Postby dragon33 » Thu Sep 17, 2009 6:36 pm

lukx wrote:another loosing day:

Image


I still don't get it why you try to reenter buys while you keep losing money??? :cry:
When price hits a H4 zone the first thing you should think is "Stop and reverse" Never think of buying not even if price runs again back up untill you can choose the right directions!!!
The second you need is H1 momo or if you are happy with less pips M15 momo will do the trick.
After momo you mark the candle that is momo, switch to M5 or M15 and watch the PA. If price needs more time to retrace that the sign you need to see before you start selling. If PA back up is as fast as the run down stay out that trade! Simple

I prefer H1 momo but when there isn't momo i start looking on smaller tmf's.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

jz166
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Postby jz166 » Thu Sep 17, 2009 8:24 pm

good point, dragon!

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jahjahblessed
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Postby jahjahblessed » Thu Sep 17, 2009 11:34 pm

es/pip wrote:
lukx wrote:another loosing day:

Image



" another losing day"

" its like this everytime"

:roll:

because you are negative is the main reason it is like that

if you think you are going to lose than u will lose---i dont give a poop what you know or think u know-- if you are negative then you will lose money--------------PERIOD.

i am not sure what else to say

go back and read MO's posts

you got zl'ed onn your first one instead of taking a profit

you could have got out at b/e small loss on most of those

others you let go against you by 20 pips or so when you could have gotten out at be or a small loss.

you continued to try and play it when it was not working while it was making lower highs




maybe you cant trade like i trade

i am just showing what i see and trying to give back since i got the stuff i am using from this forum from MO

I dont do it EXACTLY the same as MO presented.

If you cant do it this way do what tro is doing or what dchappy is doing




" another losing day"

" its like this everytime"

IT IS ONLY A LOSING DAY IF NOTHING WAS LEARNED
WHAT DID YOU LEARNED (AGAIN)?
transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

Image
JAHJAHBLESSED

JTurnbull
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Postby JTurnbull » Fri Sep 18, 2009 1:45 am

Nice Little 1hr ZL short for 20 pips
5min entry
Image

here is what it looks like on the 1hr frame
Image

Any and all comments appreciated
Up or Down I dont care, as long as i am with it

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