Never Lose Again

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brettnchris
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Postby brettnchris » Tue Oct 06, 2009 3:05 pm

Nice trade Pablo,

I was watching AU but didnt find an entry I liked.

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Fxtraveller
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Postby Fxtraveller » Tue Oct 06, 2009 3:18 pm

brettnchris wrote:FX are you only taking trades away from the Daily mz?


no no =]

these are the most obvious and (imo) secure trades to take, which I will be doing live.

I do plenty off H1 and H4 (very rarely go down to M5 to pinpoint the entry, but mostly just use my rule of MOMO BO/ open +3-4 pips).

Here is ONE trade (finally) on GU H1, left Limit orders on friday night, worked out nicely.
Entered at read lines, the 2 Opens of MOMOs, SL=1.5858, both TPs hit with +17+20= 37 pips.

10th profitable trade in a row. and countinnnng !
Attachments
gu h1 (2).gif
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brettnchris
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Postby brettnchris » Tue Oct 06, 2009 3:49 pm

Fxtraveller wrote:
brettnchris wrote:FX are you only taking trades away from the Daily mz?


no no =]

these are the most obvious and (imo) secure trades to take, which I will be doing live.

I do plenty off H1 and H4 (very rarely go down to M5 to pinpoint the entry, but mostly just use my rule of MOMO BO/ open +3-4 pips).

Here is ONE trade (finally) on GU H1, left Limit orders on friday night, worked out nicely.
Entered at read lines, the 2 Opens of MOMOs, SL=1.5858, both TPs hit with +17+20= 37 pips.

10th profitable trade in a row. and countinnnng !
Limit orders are great if your not infront of the computer. Thanks for posting charts its been a little ruough start for me this wiik I need to get my head in the game.

brettnchris
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Postby brettnchris » Tue Oct 06, 2009 3:53 pm

Im watcing EU looks like its at a H4 MZ and has ran out of steam. Waiting for a reversal sign.
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eu setting up for shorts.gif
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Fxtraveller
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Postby Fxtraveller » Tue Oct 06, 2009 4:11 pm

THE BO of the bigger candle was more important, thus price reversed earlier than I anticipated.

Keep repeating to self: enter only at the price you want !
Attachments
gu h1 missed (2).gif
gu h1 missed (2).gif (17.47 KiB) Viewed 1169 times
gu h1 missed.gif
gu h1 missed.gif (14.86 KiB) Viewed 1188 times
Last edited by Fxtraveller on Tue Oct 06, 2009 4:41 pm, edited 1 time in total.

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brettnchris
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Postby brettnchris » Tue Oct 06, 2009 4:23 pm

I need those rules also to remind myself to be patient. I just took this EU short trade. So far so good only put in a 30 pip target.
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short tues eu.gif
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Fxtraveller
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Postby Fxtraveller » Tue Oct 06, 2009 5:02 pm

I've already set a mini challenge to myself- 20 profitable trades in a row.

when MO was claiming that he wins 20 times in a row and more, I (and I apologise) sincerely thought that was exaggerated bragging :smt003

I've barely learned the concept and have 10 wins in a row (althoug hcarefully selected, was eager to rush into many more) .... expecting to live up to MO's achievements !

brettnchris
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Postby brettnchris » Tue Oct 06, 2009 5:04 pm

This was a huge trade for me. I entered on the M5 chart after I saw the hourly in the H4 MZ. But what was big was I set my sl and tp and did not pull the trigger when price went against me. Price did what I thoght and took my tp out only leaving 4 pips on the table. +28 for the trade.
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target hit +28.gif
target hit +28.gif (11.37 KiB) Viewed 1163 times

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prochargedmopar
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Postby prochargedmopar » Tue Oct 06, 2009 10:18 pm

Hey brett,
Are you combining the bottom of bucket sup/res trades with the Mighty Zone area's?
#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

brettnchris
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Postby brettnchris » Tue Oct 06, 2009 10:29 pm

prochargedmopar wrote:Hey brett,
Are you combining the bottom of bucket sup/res trades with the Mighty Zone area's?
Not on this one it was pure price action but I did look for a 61 percent fibb area for my entry just to keep me from entering too early...I ended up leaving 20 pips or so but left as soon as I got my profit for the day...I can live with 28 pips a day...hehe

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