Never Lose Again

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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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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 !
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gu h1 missed (2).gif
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Last edited by Fxtraveller on Tue Oct 06, 2009 4:41 pm, edited 1 time in total.

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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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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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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dragon33
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Postby dragon33 » Tue Oct 06, 2009 11:32 pm

20 profitable trades in a row is not that hard.

I just made a stupid loser last friday but before that i had a strike of 127 winners in a row. I do not trade as much as ES/PIP but i try to catch the big ones. I try to trade where there is a possibility of 100 pips (read space betwoon the mozones on H4)
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

dchappy
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Postby dchappy » Tue Oct 06, 2009 11:54 pm

i had a strike of 127 winners in a row

:shock: =D>

brettnchris
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Postby brettnchris » Wed Oct 07, 2009 1:16 am

I missed my first entry to short EU at the hourly z line so i shorted this off the break out area. So far so good but I have to get used to EU being a little slower than GU or EJ.
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