Never Lose Again

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aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:42 pm

A wick in

If it closes up then stay and watch

If it close down then run away.
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aliassmith
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Postby aliassmith » Fri Oct 16, 2009 1:54 pm

Then you take profit just in case it turns around
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flossnhoss
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Postby flossnhoss » Fri Oct 16, 2009 2:01 pm

MightyOne wrote: I like to answer posts, but please don't ask me $#!+ like:

"Every candle is green and bullish momentum is getting out of control...when do I go short?"


Here is the triangle trade from not too long ago:

Image


Okay, I'll bite :)

Here's what I see:

I believe I understand where the triangles are being formed... that part seems pretty straight forward (at least in hind sight).

In your picture, what I _think_ the numbers marked 1 and 2 seem to indicate a new high (1), and then a higher high (2), yes?

I'm unclear what the smaller lines with the check marks are indicating. It looks like those are bars where price bounced off of the top triangle line, and closed lower. I'm not clear on the significance of these, other than they help confirm the formation of the line.

*Important question*

Where was your trade(s)? I'll make an educated guess and at least say you were going long... perhaps at the break of the top triangle.

Really not sure...thus my post :)

**Really Important question**

Concerning scale, and price angles...I'm really struggling to understand what scale is the 'right' scale for the angles to be 'correct'. If I adjust my chart size, the angles get all messed up.

I think this issue was addressed in earlier posts, but I have since gone back a couple times in this thread (and a couple others) and can't seem to find the answer.

Many thanks for any information.

-floss

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prochargedmopar
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Postby prochargedmopar » Fri Oct 16, 2009 3:04 pm

Thankyou to both aliassmith and Dragon33 for your most recent exchanges with Lukx.

There are others watching and these post have been very helpful.
#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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prochargedmopar
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Postby prochargedmopar » Fri Oct 16, 2009 3:17 pm

Hmmmmm

Possible h4 momo short for e/j???

Image

I see here the m5 red rat just triggered and the H1 red rat is about to trigger.
Man, that just seems so late to the party and now having to sell at support has always killed me.

Image
#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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prochargedmopar
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Postby prochargedmopar » Fri Oct 16, 2009 3:26 pm

Sellling at support has got to increase the risk of the trade......
I see a double top...(valley was broken around 135.40 for short entry conformation) Even that would have been selling at previous support level but 40 pips up the ladder.

These are the kind of things that make me hesitate and miss trades then get hasty and enter to late.

What to do?

Where have you guys entered the short for e/j?
I see a few M5 entries when price was 20 pips from the daily high but those are just a guess most times.

HMMMM??
Double Hmmmm!!!

Selling at support not working out to well for someone.
after price failed to make a new high sure looks good in hindsight, but it is something we see ALL the time.
So maybe.

Image
Last edited by prochargedmopar on Fri Oct 16, 2009 3:29 pm, edited 1 time in total.
#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

aliassmith
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Postby aliassmith » Fri Oct 16, 2009 3:29 pm

prochargedmopar wrote:Thankyou to both aliassmith and Dragon33 for your most recent exchanges with Lukx.

There are others watching and these post have been very helpful.


You are welcome PRO.

I try to give back when I can.

What I had to do to improve my trading:

*Go back and read everything MO has posted more than once.
*Forget there are timeframes less than M15 and trade more pairs instead.
*Learn to take that small loss or BE.
*Learn to take a profit before it is snatched away.
Trade Your Way as Long as It Makes Money!

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es/pip
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Postby es/pip » Fri Oct 16, 2009 3:37 pm

prochargedmopar wrote:Sellling at support has got to increase the risk of the trade......
I see a double top...(valley was broken around 135.40 for short entry conformation) Even that would have been selling at previous support level but 40 pips up the ladder.

These are the kind of things that make me hesitate and miss trades then get hasty and enter to late.

What to do?

Where have you guys entered the short for e/j?
I see a few M5 entries when price was 20 pips from the daily high but those are just a guess most times.

HMMMM??
Double Hmmmm!!!

Selling at support not working out to well for someone.
after price failed to make a new high sure looks good in hindsight, but it is something we see ALL the time.
So maybe.

Image



this is what i did

Image


Image
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 16, 2009 3:42 pm

when i was using firefox and typing out a message i accidentally hit cntl +some letter

it drastically reduced the font size on everything on the kreslik site


only site it did it to

i dont know what i did and cannot correct it

its not the end of the world bec i can use chrome to view kreslik--but would rather use firefox

anyone have any idea how to reverse it
Bend over and assume the position for another 4 years of hope and change.

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blubbb
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Postby blubbb » Fri Oct 16, 2009 3:50 pm

Press Control and 0 (zero)

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