Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby PTG » Thu Sep 24, 2009 5:06 pm

Image
This is my new signature: "new signature".

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

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

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby es/pip » Thu Sep 24, 2009 5:16 pm

PTG wrote:Image



lol


nice

glad to see some others killed it today
Bend over and assume the position for another 4 years of hope and change.

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

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby cfabian » Thu Sep 24, 2009 5:43 pm

Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.

2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????



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

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby PTG » Thu Sep 24, 2009 5:43 pm

es/pip wrote:
PTG wrote:Image



lol


nice

glad to see some others killed it today


:D

Higher timeframe led the way yesterday evening (CET)

Effin' UNREAL this. UNREAL. A s/l of 11 pips, and it went only 2 pips against me :shock: :lol:

I've now had a couple of these, but this was the biggest so far. Patience is the name of the game.

Thanks to TRO, MO, you, many others who post their trades here and especially Dragon. It's finally beginning to pay off ! :mrgreen:
Last edited by PTG on Thu Sep 24, 2009 6:15 pm, edited 1 time in total.
This is my new signature: "new signature".

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu Sep 24, 2009 6:01 pm

PTG,

It baffles me as well the precision of trade entry that the MO methods provides....

I thought that "scaling in" was a very good strategy... now it is being made redundant, since price goes no more than 5 pips against any properly entered trade =]

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

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Postby PTG » Thu Sep 24, 2009 6:10 pm

Fxtraveller wrote:PTG,

It baffles me as well the precision of trade entry that the MO methods provides....

I thought that "scaling in" was a very good strategy... now it is being made redundant, since price goes no more than 5 pips against any properly entered trade =]


Yeah. The precision is almost beyond comprehension. If you have the patience and guts to wait for these fine trading opportunities and NOT accept ANY trades that do not conform to that requirement of a low s/l it's party time for those trades that do because of the low risk-reward ratio and therefor the high $/pip. It is only time before the next one comes :lol:
This is my new signature: "new signature".

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby PTG » Thu Sep 24, 2009 6:35 pm

cfabian wrote:Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.


Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here :wink:

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.


2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????


The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path :shock:

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..
This is my new signature: "new signature".

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Thu Sep 24, 2009 6:48 pm

Even though you guys/gals are now profitable you should sit down to trade with an open mind and a willingness to learn whatever the market has to show you.

The most important thing to remember is that analysis is based on that which is set in stone.
A changing picture is like a moving ladder and you certainly do not want to put your faith in instability.

You do not reach the height of your trading by learning a technical pattern, but through your ability to adapt to changes in the market both now and in the future.

A flexible branch resists being broken...

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

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby cfabian » Thu Sep 24, 2009 6:49 pm

Well, H4 momo not very clear with my broker, as compared with this other...

MINE
Image


OTHER
Image





PTG wrote:
cfabian wrote:Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.


Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here :wink:

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.


2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????


The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path :shock:

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

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

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 645
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 2
Gender: Male
Contact:

Re: DRRRRRAAAIIN THE BAAAAAANKS !!!!!

Postby PTG » Thu Sep 24, 2009 7:13 pm

cfabian wrote:Well, H4 momo not very clear with my broker, as compared with this other...

MINE
Image


OTHER
Image





PTG wrote:
cfabian wrote:Looks like you pulled out ALL the pips available... congrats!!!!!

Now my questions...

1- What made you see price had turned direction? Look at my charts and you'll see a hell of held profit to the upside, and a significant bullish momo bar.


Thanks. I haven't shown you all the mistakes and stupid errors I've made so far, so please don't overestimate the situation here :wink:

If you look at H4 you could see the price reverse and make a bear momo. That is the time to investigate H1 and look for a short. Higher timeframe is prevalent, that is the direction where held profit is eaten up.


2- I also market that area for a short trade (I was sleeping though) but had I taken it would be aiming that daily line area, expecting a bounce up. But you remained till the last fraction of a pip available there without hesitation.... Why????? What did you see?????


The exit is dictated by the shear force with which the sucker went south and that should warn you that it's better to look for a sensible point to get out on a higher timeframe. In cases like these there is a big mass behind it, like a snowball getting bigger rolling off the mountain, taking away everything in its path :shock:

I see trades like these oftentimes happening in two steps. In fact, one should have stepped out midway to re-enter at a better price and get more..


Yeah, good observation. I have the same situation with Alpari and MB Trading. In both cases there was H1 bear momo after price reversed on the higher timeframe. That's the one to watch; price didn't go beyond 50% of that candle. If you switch down to M5 you will see that there were was another point where you could have entered, an hour or so later about 3 pips lower only !
This is my new signature: "new signature".

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


Return to “TheRumpledOne”