Never Lose Again

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JTurnbull
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Postby JTurnbull » Fri Sep 18, 2009 1:47 am

Possible 4hr MZ bounce coming.
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Up or Down I dont care, as long as i am with it

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pablo101
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Postby pablo101 » Fri Sep 18, 2009 1:51 am

lukx wrote:another loosing day:

Image


:roll: :shock: :(
Last edited by pablo101 on Tue May 04, 2010 5:32 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Fri Sep 18, 2009 4:02 am

pablo101 wrote:
lukx wrote:another loosing day:

Image


It sounds like a broken record.

You had some trades in green yet you didn't take profit. Sounds to me like you're holding on for the big moves and .... hope comes in play.

I was like this when I blew my very first account. I had a 'horse racing' mentality. You place a bet because you are absolutely sure that your horse will win and when the race starts, you are screaming and shouting, cheering your horse to run faster. Even when your horse starts faltering, you KNOW it will win. This is hope and when money comes in play you will find you lose it all.

Time for a "REALITY CHECK" lukx. Take smaller moves and be happy with it. Or I'll come over and slap your head (hard if necessary) until it sinks in :lol:


One can hold for big pips, but that person needs to remember to exit high and buy back some time during the reversal...and maybe repeat this step once more before coming to rest as a flee on the elephants back.

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lukx
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Postby lukx » Fri Sep 18, 2009 4:38 am

pablo101, you're totally right... this is exactly what I was doing.
MO, and again I didn't though about such obvious thing !

spa
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Postby spa » Fri Sep 18, 2009 10:16 am

heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...
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es/pip
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Postby es/pip » Fri Sep 18, 2009 10:40 am

spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

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

spa
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Postby spa » Fri Sep 18, 2009 12:13 pm

es/pip wrote:
spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

Image


price approaching the lower H1 ZL.. depending on the momo we should look for longs on 15 min and lower?

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es/pip
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Postby es/pip » Fri Sep 18, 2009 12:29 pm

spa wrote:
es/pip wrote:
spa wrote:heres one for you...
GJ 4h wicked a 4h MZ, also double bottom and price jumped to the closest 1h ZL.. what to do next is the 1$ question.. looking on the smaller tf's for a short as the higher tf's also show bearish bias...


for me

look at how the h4 and h1 bars were forming into that dbl bottom---ie momo was decreasing into it

i would have tried to play it long off there back into the first h1 zl area.

then as you move back into that h1 res area the h1 bar that got you there also then created support so i would not look to be shorting into it bec it has no where to go( based on the h1 up bar into it and the dbl bottom

just what i see as of now

things will change as new pa unfolds

Image


price approaching the lower H1 ZL.. depending on the momo we should look for longs on 15 min and lower?


seems you are looking at the right things---- just trade what you see.

i dont want to say do this or do that----- not sure if you will be trying to trade off what i say--- then i will be thinking about if you lost money based off what i was saying----

i would potentially be looking for a long based on pa-- but you have some held profit resistance above this now on the h1 its kinda in a range

after it tried to go up in that h1 zone a couple times and failed i could see trying to trade short out of it although it was not real clear and would have been tough to get in it


just look to where you are and where you came from based on held profit and momentum and trade the PA to and from the area
Bend over and assume the position for another 4 years of hope and change.

spa
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Postby spa » Fri Sep 18, 2009 1:00 pm

just trying to grasp how you look at this, not going to open a trade just because someone told me to do so ;)

aliassmith
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Postby aliassmith » Fri Sep 18, 2009 1:11 pm

Just some observations on H1 G/U

I believe this goes along with breakouts returning to the
breakout point before moving on.

In my chart you can see (first and last ellipses) a small body
candle followed by a breakout candle. Then the next candle
comes back and tags the breakout point.

The second ellipse shows a breakout returning a little later
on a higher timeframe.

Looks like good places to get in on small stoplosses.
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