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bakaender
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Postby bakaender » Wed Oct 14, 2009 4:03 am

es/pip wrote:anyone get on that train

that was a gift from the banks :roll:



Image


Was in that one as well, I chickened out and only took 25 even though I knew where it was going. Just have to work on trusting myself more at this point, the technical part is easy if your willing to just wait for the perfect setup.

Definitely the best trade I've taken so far, based on the setup being right and waiting for the entry. I sat watching for 4 hours figuring it was coming, really eye opening to me. I realize if I just wait that 1 trade will come and is more then I need in a week, not that there aren't so many others.

Patience has certainly been the biggest factor holding me back.

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frang0nve
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Postby frang0nve » Wed Oct 14, 2009 5:41 am

PTG wrote:
es/pip wrote:anyone get on that train

that was a gift from the banks :roll:



me choochoo too :shock:

This, imho, is a very clear example of a Dragon-trade based on
1) a stop-and-reverse on H4 (that is to say on Alpari server time..)
2) after the H4 reverse candle closed, switching back to H1 -> M5, the beauty is right before your eyes, ready to be undressed etc. etc. :wink:

Almost makes you blind, sooo nice.. :D


Hello PTG,

Can you post the H4 chart mentioned?

That will help me to see... I hope

Cheers

Francisco

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PTG
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Postby PTG » Wed Oct 14, 2009 8:46 am

frang0nve wrote:
PTG wrote:
es/pip wrote:anyone get on that train

that was a gift from the banks :roll:



me choochoo too :shock:

This, imho, is a very clear example of a Dragon-trade based on
1) a stop-and-reverse on H4 (that is to say on Alpari server time..)
2) after the H4 reverse candle closed, switching back to H1 -> M5, the beauty is right before your eyes, ready to be undressed etc. etc. :wink:

Almost makes you blind, sooo nice.. :D


Hello PTG,

Can you post the H4 chart mentioned?

That will help me to see... I hope

Cheers

Francisco


Sure, here goes:

Image

Image

Image

All it takes is patience for the H4 to stop and reverse !

Once you're in a trade, target the next H1 MZ whilst monitoring the price action, then take profit and re-enter in the same direction at a better price.

In the case shown I would only trade LONG until the next H4 reversal, only then reconsider trading direction. Has something to do with rats, monkeys and parrots :shock:

Hope this helps !
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dragon33
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Postby dragon33 » Wed Oct 14, 2009 8:46 am

I don't know for you guys but i'm still in this trade.
This is my first trade based on a weekly chart. I would like to do what mo is doing and start thinking by myself why don't i look higher tmf's.

This is the beautifull of it. First trade smaller lotsize. I used $20/pip and i'm up for 250 pips while i'm writing this. No matter what of which tmf you use it keeps paying of

:P

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Postby PTG » Wed Oct 14, 2009 9:09 am

dragon33 wrote:I don't know for you guys but i'm still in this trade.
This is my first trade based on a weekly chart. I would like to do what mo is doing and start thinking by myself why don't i look higher tmf's.

This is the beautifull of it. First trade smaller lotsize. I used $20/pip and i'm up for 250 pips while i'm writing this. No matter what of which tmf you use it keeps paying of

:P


Weekly - hmmm :smt027
Looks like a stop and reverse is in the make right now.
Switch back to D1, do some drawing and find your entry I suspect :smt025
on it's way to the 1.66 area ?
nah - can't be that simple, can it ? :shock:
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dragon33
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Postby dragon33 » Wed Oct 14, 2009 9:28 am

Well, I will try to explain how i see things on the weekly chart. I will do it here so everybody can benefit from. Lets make real Dolar_Smile
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Postby Braathen » Wed Oct 14, 2009 9:38 am

Nice pippin' dragon.. u rock man ;)

Anyway i tried shorting it today without any luck.. lucky i bagged my 10 pips at the right time!

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dragon33
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Postby dragon33 » Wed Oct 14, 2009 10:21 am

Braathen wrote:Nice pippin' dragon.. u rock man ;)

Anyway i tried shorting it today without any luck.. lucky i bagged my 10 pips at the right time!

Image


This is a common mistake i see constantly on this board. People trying to short when there are no shorts yet.
No offending but where is the first momo you need to make your decision on?
It is like PTG told in a previous post. Only think short when you are under a mightyzone untill you reach the next and vice versa. When you all can handle that then you can scalping the shorts in the longs. After all it is nice to grab 10 pip here and there but you will see when you do that the most mistakes are coming from the shorts in the longs because of greed. Everybody wants those pips now you need to learn take profit when there is especially if you are trading against those momo bars.

Nice trading for those ten pips
:P
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lukx
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Postby lukx » Wed Oct 14, 2009 10:38 am

PTG wrote:
es/pip wrote:
prochargedmopar wrote:
es/pip wrote:anyone get on that train

that was a gift from the banks :roll:



Image


Not me.

I can see this style of trading is not working.
Guess I need to go for even bigger pips........Close 30m chart. Look at daily's only. 100 pip stops.
LOL
This is definitely Not what I would call enjoyable. (Losing)

Image


"I can see this style of trading is not working."

which "style" are we talking about this time

you switch methods so fast i never know what you are trading

while you are on vacation, close the computer ------ take a week and clear your mind----dont even look at a chart

think about all of the stuff that you have looked at and tried

come to an agreement with yourself on what you are going to trade

then come back and stick to it and make it work--WITHOUT AVERAGING DOWN

btw

trading "demo" at $10 pip is not going to do anything but hurt you in the long run. you are seeing bigger loses than what you were trading live via .10 pips, this is going to have a negative impact emotionally on you.

that's why i say that hardly any trader has the discipline to trade demo like they would live.


you can do this

you just need to clear your head and start over


Absolutely, you can do this Pro.

From reading your posts, you're making it way too difficult. Spinning tops this, volume that, yadayada. I did too. Forget it.

You can do it. Really.


pro isn't the only one failing with this method... :cry:

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Braathen
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Postby Braathen » Wed Oct 14, 2009 10:52 am

No offence taken dragon :) :)

Well here is what i was thinking on higher tf.. so i guess thats called jumping in.

Image
"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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