Never Lose Again

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es/pip
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Postby es/pip » Fri Sep 18, 2009 2:09 pm

aliassmith wrote:Long MoMo on M5 G/U after hitting a H4 ZL

Wonder where it may go! Probably to 1.6357 to the M15 ZL
for now.

edit:typo


was in that one with ya

had the m15 zl and then an h1 zl above it didnt make it, ended up closing it at .6370 and wanted to take it short but it just didnt form the way i was looking for it to. i almost clicked in at 1.6353 but passed---lol jeez
Bend over and assume the position for another 4 years of hope and change.

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bakaender
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Postby bakaender » Fri Sep 18, 2009 2:10 pm

I can't believe I spent 4 months avoiding reading this thread because I thought ZL's would be hard... :oops:

Getting better and better at seeing where price is likely going and then just trusting it to actually get there. Exited this at 6325 even though I figured it would keep going to 6300, just wasn't completely sure as both ZL's I based the trade off of had already been traded, and as I'm typing this price just broke below 6300.

Thanks everyone for all the posts, it wouldn't have come together in my mind like it has without seeing everyones interpretation, es/pip, MO, dragon, ZZ, and especially TRO for everything on this site. Blowing up my account and then typing "forex never lose again" into google was the best thing I ever did :)

Sell @ 1.6349 Exit @1.6325
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es/pip
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Postby es/pip » Fri Sep 18, 2009 2:28 pm

some from me

this is what i was saying before that i make a lot more trades than i normally post. i am trading the lower time frame based on the higher time frames ( zl, mz and PA). I may have a h4 setup that has a h4 target of 130 pips and i may make 4 or so trades up to its target based on its PA inside.

or i trade it off the higher time frame and just ride it out

lately i been trading the trade more---

i am not sure if me showing this- this way helps or hurts people, it is just how i trade.


this was a hell of a week to say the least. It wasn't my best week ever but it was right up there with it. Don't want to throw the ROI out there but it was up there.

needless to say i am going to go play golf and then most likely get extremely hammered during and after it lol





on the pound after i got out of the long we broke through support with momo missed the first shot at it and got the 2nd for a nice scalp into the previous h4 pivot-- then the rest is in the charts

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spa, here is what i was talking about on the beast


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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 2:44 pm

i took the Gj 5 min trade also, missed the initial wick got in at 149.10 but i just sat on the trade looking at the higher timeframes and it came down with a vegeance ... a lousy week, worst in a while

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Postby es/pip » Fri Sep 18, 2009 2:55 pm

spa wrote:i took the Gj 5 min trade also, missed the initial wick got in at 149.10 but i just sat on the trade looking at the higher timeframes and it came down with a vegeance ... a lousy week, worst in a while



what did you see on the higher time frames that made you want to hold long---post a chart--- besides the dbl bottom i dont see any momo anywhere that is telling me to try and hold long through the h1 resistance


do you see why it didnt continue to go up---h1?


i hope you are not trading size that impacts your account while you are trying to learn this
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Postby aliassmith » Fri Sep 18, 2009 3:07 pm

es/pip wrote:some from me

this is what i was saying before that i make a lot more trades than i normally post. i am trading the lower time frame based on the higher time frames ( zl, mz and PA). I may have a h4 setup that has a h4 target of 130 pips and i may make 4 or so trades up to its target based on its PA inside.

or i trade it off the higher time frame and just ride it out

lately i been trading the trade more---

i am not sure if me showing this- this way helps or hurts people, it is just how i trade.


this was a hell of a week to say the least. It wasn't my best week ever but it was right up there with it. Don't want to throw the ROI out there but it was up there.

needless to say i am going to go play golf and then most likely get extremely hammered during and after it lol





on the pound after i got out of the long we broke through support with momo missed the first shot at it and got the 2nd for a nice scalp into the previous h4 pivot-- then the rest is in the charts

Image

Image

Image

Image

Image

Image

Image

spa, here is what i was talking about on the beast


Image


So about 300 pips in a single day! I bet your ROI was "up there" :)

Good stuff ES/PIP you keep me thinking of the possibilities. I
know that my little 30ish pips today is just a stepping stone. 8)

I know people would kill to get my 1 week return in a year, so I
am not complaining, just practicing.

Don't hold on to LOSSERS aliassmith :) <----- note to self

spa
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Postby spa » Fri Sep 18, 2009 3:07 pm

on the right side was looking at the 1h chart after price reached the 30 min ZL

i'm trading just the right size to suit my current understanding of the MZ, which seems to be on the modest side to say the least
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es/pip
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Postby es/pip » Fri Sep 18, 2009 3:26 pm

spa wrote:on the right side was looking at the 1h chart after price reached the 30 min ZL

i'm trading just the right size to suit my current understanding of the MZ, which seems to be on the modest side to say the least



i see what you are saying-----

but

as that pa unfolded on the h1 things kind of changed

price comes down to purple

you are thinking it is going to go to yellow, but as the PA formed that got you down to the purple it created another area of resistance/held profit-- white. If the pa was able to make it through the white then i agree that the yellow was next.

if you were going to bypass the white and target the yellow---- you have to be aware that the white is there and when PA doesn't agree with the trade(especially with the white res. there) you have to get out and re-evaluate.

cant trade what you think have to trade what it is

i mean you are marking the chart correctly and i think-- from your charts that you get the basis of it-- the rest just comes with a little time


that is why everyone should trade small and build a foundation until they are sure they understand what they are trading

edit-------------------------

i just saw your post about trade size---

that is what u/ everyone should do---

sacrifice 1-6 months or whatever of small size until your mind understands what you are trying to do then increase size later---

people have to go to college for 4 years before they are allowed to get a degree that entitles them to make 50k a year.

6 months worth of learning how to trade is worth the time to get it
traders want to hurry hurry hurry and trade too large of a size before they are ready and they never learn what they should have taken the time to learn.--- i did it for 6 years--


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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 3:33 pm

appreciate the input.... will have to study more over the coming days

as we speak Gj touched a Zl on the 4h from 13th of July, i'll follow the pa to see if it builds momentum to the upside

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es/pip
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Postby es/pip » Fri Sep 18, 2009 3:39 pm

aliassmith wrote:
es/pip wrote:some from me

this is what i was saying before that i make a lot more trades than i normally post. i am trading the lower time frame based on the higher time frames ( zl, mz and PA). I may have a h4 setup that has a h4 target of 130 pips and i may make 4 or so trades up to its target based on its PA inside.

or i trade it off the higher time frame and just ride it out

lately i been trading the trade more---

i am not sure if me showing this- this way helps or hurts people, it is just how i trade.


this was a hell of a week to say the least. It wasn't my best week ever but it was right up there with it. Don't want to throw the ROI out there but it was up there.

needless to say i am going to go play golf and then most likely get extremely hammered during and after it lol





on the pound after i got out of the long we broke through support with momo missed the first shot at it and got the 2nd for a nice scalp into the previous h4 pivot-- then the rest is in the charts

Image

Image

Image

Image

Image

Image

Image

spa, here is what i was talking about on the beast


Image


So about 300 pips in a single day! I bet your ROI was "up there" :)

Good stuff ES/PIP you keep me thinking of the possibilities. I
know that my little 30ish pips today is just a stepping stone. 8)

I know people would kill to get my 1 week return in a year, so I
am not complaining, just practicing.

Don't hold on to LOSSERS aliassmith :) <----- note to self



if someone would guarantee me 30 pips a day forever--- i would take it in a heartbeat and never trade again


all i would like to do is average 30 pips a day over time anything over that is just a bonus.
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.


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