Never Lose Again

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michal.kreslik
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Re: Never Lose Again

Postby michal.kreslik » Mon Nov 20, 2017 4:16 pm

PhilipLangford wrote:Any particular reason why my bitcoin Zline trades were deleted from the thread? Seems rather odd.


post109343#p109343

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PhilipLangford
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Re: Never Lose Again

Postby PhilipLangford » Mon Nov 20, 2017 4:53 pm

michal.kreslik wrote:
PhilipLangford wrote:Any particular reason why my bitcoin Zline trades were deleted from the thread? Seems rather odd.


post109343#p109343


Ah thanks. Glad to know I hadn't unwittingly broken any rules.

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MightyOne
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Postby MightyOne » Mon Nov 20, 2017 5:52 pm

The weekly range is an end result that is of an approximate size.

There are only two options:
1. go up and expand the range
2. go down and expand the range

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Mira
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Re:

Postby Mira » Mon Nov 20, 2017 7:11 pm

MightyOne wrote:The weekly range is an end result that is of an approximate size.

There are only two options:
1. go up and expand the range
2. go down and expand the range

NLA_004.png



Is it like saying that the weekly range could be a reason to hold for more than 2 lines on H1?
I know, I know.. I have to learn to stop&reposition for now.
I’m asking just for my own sake :lol:

Thanks MO
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MightyOne
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Re: Never Lose Again

Postby MightyOne » Mon Nov 20, 2017 7:27 pm

I used to draw the CZ by hand.

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MightyOne
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Re: Re:

Postby MightyOne » Mon Nov 20, 2017 8:09 pm

Mira wrote:
Is it like saying that the weekly range could be a reason to hold for more than 2 lines on H1?
I know, I know.. I have to learn to stop&reposition for now.
I’m asking just for my own sake :lol:

Thanks MO


You only hold if your position size is large and even then you are sized for wider price movements.

If trader A holds his trade for 1 year and makes 1000 pips & trader B accumulates to 5x their starting size, by absorbing small profits, then how many pips does trader B need to make before he makes the same amount of money as trader A? (25/125)1000 = 200 pips.

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Mira
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Re: Re:

Postby Mira » Mon Nov 20, 2017 8:46 pm

MightyOne wrote:
Mira wrote:
Is it like saying that the weekly range could be a reason to hold for more than 2 lines on H1?
I know, I know.. I have to learn to stop&reposition for now.
I’m asking just for my own sake :lol:

Thanks MO


You only hold if your position size is large and even then you are sized for wider price movements.

If trader A holds his trade for 1 year and makes 1000 pips & trader B accumulates to 5x their starting size, by absorbing small profits, then how many pips does trader B need to make before he makes the same amount of money as trader A? (25/125)1000 = 200 pips.


Thank you MO.. I’m just trying to understand..

So why trading big charts is better than trading small ones? Isn’t because there are thousands of pips from extremes to extremes?
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MightyOne
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Re: Re:

Postby MightyOne » Mon Nov 20, 2017 11:43 pm

Mira wrote:Thank you MO.. I’m just trying to understand..

So why trading big charts is better than trading small ones? Isn’t because there are thousands of pips from extremes to extremes?



What is the difference between plotting 4 ticks & the OHLC of the monthly chart?

What can be drawn on any chart, smaller than MN, to say that price is going up when the monthly candle is pushing on its lows?: all trendlines have broken, every 1-2-3 has failed, & if someone wanted to go short then they are short.

Can the same be said of 4 ticks or even the OHLC of any of the smaller charts? No, it is meaningless without more information.

So be it position sizing, money management, technical analysis, or life, one should take a well balanced approach and not rely on one aspect of something to be a cure all.

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Re: Never Lose Again

Postby MightyOne » Tue Nov 21, 2017 4:36 pm

It is usually the case that TRO's indicators match the areas of interest.

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Mira
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Re: Never Lose Again

Postby Mira » Tue Nov 21, 2017 5:44 pm

MightyOne wrote:It is usually the case that TRO's indicators match the areas of interest.

for_TRO.png



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