Never Lose Again

[dragon33]

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!

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

[lukx]

anyone get on that train

that was a gift from the banks

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)

"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...

[Braathen]

No offence taken dragon

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

[pablo101]

...

[Braathen]

sweeeeeeet trade pablo! nice1 m8.. didnt even look at the ej.. ahh well.. im concentrating on 2 pairs max atm

[Braathen]

Im trying to figure out the basics of binary's.. and something as basic as
GBP/USD >1.5880 at 3PM .. if i sell this i am "betting" for it to be lower then 1.5880 at 3pm and visa versa? or if anyone knew a good place to read up on the subject that would be even better

[dragon33]

trade based on the M15 with momo higher frames on my side knowing there is a possible reverse coming.

[Azuremaster]

5 Hours of screen time, 9 trades: 8 losses and 1 BE. My stop was always below Momo candle.
All higher timeframes are pointing up. Not sure what is wrong with me, I guess I am too stupid to understand all of this.

[es/pip]

5 Hours of screen time, 9 trades: 8 losses and 1 BE. My stop was always below Momo candle.
All higher timeframes are pointing up. Not sure what is wrong with me, I guess I am too stupid to understand all of this.

#1 this is a m5 chart

#2 your entries are no where near correct you are getting in at the high of each move
#3 YOU ARE TREATING IT AS A "SYSTEM" AND PULLING THE TRIGGER JUST BECAUSE IT IS THERE

#4 SHOW ME ONE CHART THAT MO DRAGON OR MYSELF HAVE POSTED THAT HAS THE ENTRIES THAT FAR AWAY FROM ALL THE IMPORTANT STUFF

[jcelano]

Here's another EU ZLine trade from this morning. This one also went in my favor and I SAW what price was doing so I took the trade for 11 pips

Here's what I observed and I'd like your thoughts on if you interpret it the same way:

1) Volatile price with huge swings up and down
2) Profit getting ZEROED OUT nearly immediately (one - three candels)
3) Candle 1 (Body Direction of profit)
4) Candle 2 (Wick Direction of Loss)

I entered LONG at the yellow line through an Entry Order (bit near a 5 min ZLine...as I saw it)

Exited at another 5 min ZLine (obviously profit ran beyond but I'm playing conservative for now)

QUESTION:

Do my points 1-4 make sense from a ZLine point of view; again, it worked, I simply want to make sure I'm not manufacturing what it is I'm seeing and that the old-timers see it too.

I sincerely appreciate your critiques...

Thank you once again for your time!

James