Never Lose Again

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Thu May 19, 2016 3:37 pm

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Fri May 20, 2016 3:33 pm

GBPUSDH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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PTG
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Re: Never Lose Again

Postby PTG » Fri May 20, 2016 5:49 pm

v8power wrote:
PTG wrote:
aldomcfaldo wrote:
Hi PTG,

Can I ask then how you decide to enter the market and in which direction or do you base everything purely on feel? You seem to have a different attitude towards trading compared to your older posts. Its interesting.

Cheers


Hi aldomcfaldo,

Yes that may be different. I've had quite a few years of Yale-ing around and decided to ditch it all completely. What I do is quite easy and it's more about the exits and not the entry. I enter the market when I feel like it, usually around London Open, at the start of an hour on an H1 chart, first trade in the direction of the previous bar (latest closed bar), then I wait for an opposite entry which could turn out to be the extreme of the day, and I may add another one in the same or opposite direction, depending on what the market does. I could start with a long, then add a short, then add a long again, and the short stops out leaving me with two longs. Or vice versa. Or the market just takes off. I then wait until I have enough profit overall and close. Could also do this on H4 or D1 or W1 or lower time frame charts. No thinking, no what-ifs, no analysis, no SR, no squigglies, no trying to predict what's going to happen next, no BS. :wink:


Could you post a chart of this type of trade.


Sure. See picture. That's my basic idea (or one of them actually). Stops below the pivot, or don't use a stop and simply close if it closes below. Target: e.g. let it run to 50 or stop out, and if it really starts to fly (like Wednesday), take more. Let me know if you have questions.

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PTG
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Re: Never Lose Again

Postby PTG » Fri May 20, 2016 6:01 pm

Switch to e.g. M15 after new HOTD/LOTD on H1:

2016-05-20_1956.png
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Re: Never Lose Again

Postby PTG » Fri May 20, 2016 6:11 pm

Same chart on MT4 with Dragon H1 lines:

2016-05-20_2007.png
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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Fri May 20, 2016 7:58 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon May 23, 2016 3:24 pm

GBPUSDH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Tue May 24, 2016 2:33 pm

GBPUSDH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re:

Postby Jarex » Wed May 25, 2016 12:04 pm

MightyOne wrote:Image

I'll work on the colors and chart size...

Do you see how I try and get "wicked" into a trade?

The last thing I want is a candle to close against me!

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Wed May 25, 2016 2:44 pm

GBPUSDH1.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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