- GBPUSDH1.png (92.97 KiB) Viewed 3128 times
Never Lose Again
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Re: Never Lose Again
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.
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.
There's no business like [strike]show[/strike] covid19 business.
Re: Never Lose Again
Switch to e.g. M15 after new HOTD/LOTD on H1:
There's no business like [strike]show[/strike] covid19 business.
Re: Never Lose Again
Same chart on MT4 with Dragon H1 lines:
There's no business like [strike]show[/strike] covid19 business.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15572
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Never Lose Again
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.