Never Lose Again

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Braathen
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Postby Braathen » Wed Oct 21, 2009 7:22 am

Crap day yesterday but today started alot better.. again would have been alot better if i had waited about 20 with closing my winner.. ahh well.. up 23 pips for the day.. woot im a happy camper atm!! :) :) Still trying to become a master DoP MO ,,, i better keep drawing ^^

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omg its still going strong.. ahh well... no regrets!! no fear!!
"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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mthomas
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hindsight

Postby mthomas » Wed Oct 21, 2009 8:01 am

Guys and gals take 2, didnt post this in here last time by mistake..

What did i miss here the %50 pull back was great.... but hind site so should I have paid more attn to the zlines that held 11 and 13 hrs back?

Thanks for the help,
Alotofpips
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Braathen
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Postby Braathen » Wed Oct 21, 2009 8:26 am

hey thomas... this is how i saw it.. i got outa bed too late but still managed to get this.. first short was a chancer and the long became pretty obvious.. i was in late but had a chance at 80 pips.. i ofc only pulled 30.. typical.. :) :) anyway i dunno about paying more attention but if u see something playing up on the higher TF look for entries (momo pullback) on 15m 5m and as ezz/pip shown us the 1m can help too.. example below..

Image

this is ofc only how i saw it and i proberbly missed alot of good info.. just wanted to share :)
"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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Braathen
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Postby Braathen » Wed Oct 21, 2009 9:07 am

Hi my name is edwin and im addicted to trading! got my goal for the day so decided to size down and throw the extra 3 pips i made away! not... ahh well.. litttle jump in trade here on the 1m playing with the trend and playing away from BO spot.. took for 25 pips.. could have gotten more but that was my plan to start so..

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

Azuremaster
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Postby Azuremaster » Wed Oct 21, 2009 9:14 am

Frustrated....

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Braathen
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Postby Braathen » Wed Oct 21, 2009 9:53 am

if everytime there was a 4h bar in some direction that price pulled back 50% and then ran that way.. it would be a system.. and everyone would be rich except the brokers.. woot.. erm...so you wanna be a full time trader? ie start your own buisness.. what other buisness in the world.. i dunno.. a grocery store.. does not take risks? If the short wasnt working for u.. look for longs..especially since there had been a ton of 4h momo up.. several breakouts on lower tf's etc.. plenty of entries on the way up that could have gotten u nice profit.. u win some.. u loose some.. but u cant win if u aint playin.. and cursing and being negative about it wont solve anything.. hope this isnt a pile of crap.. pretty wasted atm after my victory doobie
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

aliassmith
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Postby aliassmith » Wed Oct 21, 2009 12:26 pm

prochargedmopar wrote:
aliassmith wrote:$100,000 wow that would be about $100 per pip.
You would make a ton of money and then blow the account up :cry:

Plenty of opportunities to make 20 pips a day.

4 chances on GBP/USD in the US Session alone and I showed the
trade on EUR/JPY earlier that moved about 25 pips


You gotta go with history so your lack of confidence is understood.

Your mistaken though, It's only $10 per pip with a 10,000 pip cushion.

20-30 pips a day is 2-3 hundred per day.
Compound account accordingly.
Patron should be payed back in a year or so.
LOL

Hey, it's ok to dream. Gotta start some where.
Like, $1000 and 10 cent pips. hehehehehe
The only option at this point.


It's kool PRo I was just busting your "chops". Seriously, I
don't think more money will make up for your lack of self
control. You really need to figure out how to condition
yourself first.
Trade Your Way as Long as It Makes Money!

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es/pip
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Re: exit's

Postby es/pip » Wed Oct 21, 2009 12:56 pm

mthomas wrote:Hi Everyone,

Please help me with the exit....The Fibs .....Keep them or get rid of them?

entry was sell @ 14 and took 10 pips profit left some on the table..

Hoping that someone may have a better way to explain to me an exit startegy, post 2 different charts 1 was entry on 14 then 2nd chart is same chart just looking @ the 50 level for exit....Please I mean no disrespect just need help with exits sorry if allready been answered.

Alotofpips


toss the fibs imho-- just going to cause you to look at things that do not matter

sometimes it may look like the fib level held the price----- but in reality the fib level matched up with what really mattered on the left side of the chart

just my opinion


targets

1. held profit
2 watch the PA
Bend over and assume the position for another 4 years of hope and change.

aliassmith
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Postby aliassmith » Wed Oct 21, 2009 1:09 pm

20 Pips
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aliassmith
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Postby aliassmith » Wed Oct 21, 2009 1:14 pm

20 Pips also :wink:
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