Never Lose Again

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Fxtraveller
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Postby Fxtraveller » Fri Oct 09, 2009 5:10 pm

Yeap.
Got burned on GU going long, MOMO down is unreal

BUT- EJ turned out quite nicely =]
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Fxtraveller
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Postby Fxtraveller » Fri Oct 09, 2009 5:13 pm

It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.

live or not live next week, that iz ze question =]

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es/pip
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Re: playing it slow

Postby es/pip » Fri Oct 09, 2009 5:16 pm

Braathen wrote:Nice trading es/pip as always.. im playing it slow atm and only traded the EU today.. 2 trades and 2 wins.. 42 pips. Thanks again for all the time u spend posting m8 :)

Image



you have been trading very well

42 pips is more than enough a day

20-30 a day and you are loaded in due time
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Fri Oct 09, 2009 5:19 pm

Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.

live or not live next week, that iz ze question =]



just start small----- to where it doesn't matter if you win or lose $$$

just get comfortable doing it live

then add size later

trust me, it will save you a vast amount of time over the long run in getting to where you want to be :wink:
Bend over and assume the position for another 4 years of hope and change.

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Braathen
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Postby Braathen » Sat Oct 10, 2009 6:22 am

live or not live next week, that iz ze question =]

I have not got alot of experience but from my point of view i learnt alot from 10 cent pips with the whole emotional thing.. the aspect of seeing myself loose real money really got my drive going and made me take alot less trades after loosing like 40 bucks in 10 cent pips :P i have worked myself up to 30 cent pips atm if all goes well next week i will be moving up my original target of 50 cent a pip.. ie 4% risk with 30 pip hard SL.. anyway.. i pretty much just wanna say i think its worth it (especially with some of the nice trades u have posted) to go for the small amount and feel the money if u will :) :) feel free to flame me!!

Best wishes

Edwin
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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pablo101
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Postby pablo101 » Sat Oct 10, 2009 8:05 am

Braathen wrote:live or not live next week, that iz ze question =]

I have not got alot of experience but from my point of view i learnt alot from 10 cent pips with the whole emotional thing.. the aspect of seeing myself loose real money really got my drive going and made me take alot less trades after loosing like 40 bucks in 10 cent pips :P i have worked myself up to 30 cent pips atm if all goes well next week i will be moving up my original target of 50 cent a pip.. ie 4% risk with 30 pip hard SL.. anyway.. i pretty much just wanna say i think its worth it (especially with some of the nice trades u have posted) to go for the small amount and feel the money if u will :) :) feel free to flame me!!

Best wishes

Edwin


I learnt to use a smaller stop from ES and dragon, thanks guys!
Last edited by pablo101 on Tue May 04, 2010 7:27 am, edited 1 time in total.

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Braathen
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Postby Braathen » Sat Oct 10, 2009 8:37 am

Hi pablo!

Thanks for your insight and would just like to add my idea of a hard stop is a worst case scenario SL.. i will generally get out when 5 or 15m candle closes against me.. my avg loss is about 6-15 pips.. i picked 30 as my extreme because its made my MM like i want it

400$
risk 4% = 16$
30 SL at .50$ = 15$
I might wanna change this i dont know but atm i guess im focusing more on the market and entries exits compared to MM
and i generally try to aim for 20+ runs atm.. i should have held my EU short yesterday a few more minutes ^^

PS. I dont know if im seeing IT.. but i believe very firmly that soon i will see my own version of IT ;)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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prochargedmopar
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Postby prochargedmopar » Sat Oct 10, 2009 5:45 pm

es/pip wrote:
Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.

live or not live next week, that iz ze question =]



just start small----- to where it doesn't matter if you win or lose $$$

just get comfortable doing it live

then add size later

trust me, it will save you a vast amount of time over the long run in getting to where you want to be :wink:


Losing Always matters and will never stop mattering...
You can not lose continuously and win.

127 continuous wins MATTERS
20 wins in a row MATTERS

It's the SIZE of the losses compared to your account balance that you are referring to.

losing small we can accept. Losing big is what's unacceptable which is the very reason you have a 20 pips hard stop but usually exit closer to B/E.

If a beginner started with a 300,000 account and used $10 pips it would be small losses. Adding to the position with $1000 or $4000 pips would be losing big.

Look at me, trading with 10-30 cent pips...then adding with $2, $3, or $5 pips is losing big..... NOT ACCEPTABLE.

Winning matters
Losing matters

LOSING SMALL AND WINNING BIG MATTERS MOST OF ALL.

And I should know as well as anyone.
#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

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es/pip
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Postby es/pip » Sat Oct 10, 2009 7:01 pm

prochargedmopar wrote:
es/pip wrote:
Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.

live or not live next week, that iz ze question =]



just start small----- to where it doesn't matter if you win or lose $$$

just get comfortable doing it live

then add size later

trust me, it will save you a vast amount of time over the long run in getting to where you want to be :wink:


Losing Always matters and will never stop mattering...
You can not lose continuously and win.

127 continuous wins MATTERS
20 wins in a row MATTERS

It's the SIZE of the losses compared to your account balance that you are referring to.

losing small we can accept. Losing big is what's unacceptable which is the very reason you have a 20 pips hard stop but usually exit closer to B/E.

If a beginner started with a 300,000 account and used $10 pips it would be small losses. Adding to the position with $1000 or $4000 pips would be losing big.

Look at me, trading with 10-30 cent pips...then adding with $2, $3, or $5 pips is losing big..... NOT ACCEPTABLE.

Winning matters
Losing matters

LOSING SMALL AND WINNING BIG MATTERS MOST OF ALL.

And I should know as well as anyone.



no

what i was referring to was

one must be able to trade "emotionless" to where losing or winning does not matter in order to trade correctly

which is learned/accomplished by trading a size that has no effect on your account--whether you make/lose money

a trader must learn to lose correctly before they will be able to win consistently

yes

small losers and big winners

but you have to learn how to control your emotions in order to do that-----

i tried to explain that to you and make suggestions on how to go about it

but you choose to continue to average down---- to show the world that you never have a loser. which results in blown account after blown account---as it always does and always will.

so you will never move "forward" until you are able to learn how to lose correctly


once a "trader" is just able to just trade the trade with no emotional attachment is where the real money is at :wink:
Bend over and assume the position for another 4 years of hope and change.

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prochargedmopar
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Postby prochargedmopar » Sat Oct 10, 2009 7:41 pm

es/pip wrote:
prochargedmopar wrote:
es/pip wrote:
Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.

live or not live next week, that iz ze question =]



just start small----- to where it doesn't matter if you win or lose $$$

just get comfortable doing it live

then add size later

trust me, it will save you a vast amount of time over the long run in getting to where you want to be :wink:


Losing Always matters and will never stop mattering...
You can not lose continuously and win.

127 continuous wins MATTERS
20 wins in a row MATTERS

It's the SIZE of the losses compared to your account balance that you are referring to.

losing small we can accept. Losing big is what's unacceptable which is the very reason you have a 20 pips hard stop but usually exit closer to B/E.

If a beginner started with a 300,000 account and used $10 pips it would be small losses. Adding to the position with $1000 or $4000 pips would be losing big.

Look at me, trading with 10-30 cent pips...then adding with $2, $3, or $5 pips is losing big..... NOT ACCEPTABLE.

Winning matters
Losing matters

LOSING SMALL AND WINNING BIG MATTERS MOST OF ALL.

And I should know as well as anyone.



no

what i was referring to was

one must be able to trade "emotionless" to where losing or winning does not matter in order to trade correctly

which is learned/accomplished by trading a size that has no effect on your account--whether you make/lose money

a trader must learn to lose correctly before they will be able to win consistently

yes

small losers and big winners

but you have to learn how to control your emotions in order to do that-----

i tried to explain that to you and make suggestions on how to go about it

but you choose to continue to average down---- to show the world that you never have a loser. which results in blown account after blown account---as it always does and always will.

so you will never move "forward" until you are able to learn how to lose correctly


once a "trader" is just able to just trade the trade with no emotional attachment is where the real money is at :wink:


to show the world that you never have a loser

NOW WE ARE GETTING CLOSER TO THE REAL PROBLEM!!!!!

Solution must be found.
#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

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