Never Lose Again

[BambinoFlex]

Ref Diamond of perception (DOP), the problem i've always had with it, is the changing lines on mt4, if DOP drawn on monthly for instance, even if linked to two highs exactly, will not even remotely correspond as you go down two or more timeframes, so each timeframe has to almost be traded in its own right. There is also, in my view a timeframe problem, numerically they do not correspond to each other in terms of math differential. That is the problem with timeframe analysis. Would be better to say 10 mins, 60mins, 360mins etc.

The way i get around this is to merely anchor everything to my preferred trading chart, the 5min. (Yes i know i used to trade m1, but i used adr 30 5% stop and adr 30 10% minimum take profit, the five mins, with average 30 bars is about the same as 5% 30 adr. The 1min doesn't allow for that math in terms of spread. )

Any thoughts comments appreciated.
regards
Kate

ps) i've added my much loved jiggled lightweight MTF semafore indicator to mt4's indicators on kreslik. I prefer to use H1 semafors on my m5 to save all the clutter and giver higher probability space starts. Yes i love space. Best mo teachings ever.

You would want to use the Trendline vs the Trendline by Angle to not have the lines shift.

Interesting, you trade the 5m inside the hourly candle. Do you use ADR 30 of the 1hr or the 5min? I'm assuming 1hr? Do you buy below hourly open and sell above hourly open or how do you enter?

[kate682]

Ref Diamond of perception (DOP), the problem i've always had with it, is the changing lines on mt4, if DOP drawn on monthly for instance, even if linked to two highs exactly, will not even remotely correspond as you go down two or more timeframes, so each timeframe has to almost be traded in its own right. There is also, in my view a timeframe problem, numerically they do not correspond to each other in terms of math differential. That is the problem with timeframe analysis. Would be better to say 10 mins, 60mins, 360mins etc.

The way i get around this is to merely anchor everything to my preferred trading chart, the 5min. (Yes i know i used to trade m1, but i used adr 30 5% stop and adr 30 10% minimum take profit, the five mins, with average 30 bars is about the same as 5% 30 adr. The 1min doesn't allow for that math in terms of spread. )

Any thoughts comments appreciated.
regards
Kate

ps) i've added my much loved jiggled lightweight MTF semafore indicator to mt4's indicators on kreslik. I prefer to use H1 semafors on my m5 to save all the clutter and giver higher probability space starts. Yes i love space. Best mo teachings ever.

You would want to use the Trendline vs the Trendline by Angle to not have the lines shift.

Interesting, you trade the 5m inside the hourly candle. Do you use ADR 30 of the 1hr or the 5min? I'm assuming 1hr? Do you buy below hourly open and sell above hourly open or how do you enter?

Thank you for the trendline information, i will try that, that would change things somewhat Will let you know if i get on ok with that.

I have the h1 mtf semafor on my m5 and tend to sit up and take notice when the alert goes off. However I tend to trade the m5 as a standalone, zooming out to get areas where i feel stops live. I look for momentum, and then try and get a good entry on a pull back. I use adr - the average daily range, 5% of which is my stop and 10% is my minimum target (2r). At the moment, the dow (US30) is running at 316 (ie 36 point stop) and 632 (ie 62 take profit) - 5 point broker, (the adr for the dow is currently 6315, (613 points per day) and at the moment we've only covered 65% of this. I also tie in with 30 atr of the 5 min chart, which is currently running at 419 (ie 41 points) per bar. So i know my sl/tp within that scope (with a 2 pip broker spread) works out math wise. (if you zoom into the bottom left data label, all my details are there) The green lines are the adr space of 5% (thick line is the day's open). I got help from an mql5 coder (cost a bit!) to help me with the code so I've got that info auto on every instrument and adr fluctuation change.

WS30_SBM5.png (41.74 KiB) Viewed 27579 times

[kate682]

Although I trade the 5min, this is roughly how i frame the market (credit to MO). I take - usually the h1, or whatever higher timeframe 'looks right', to get an idea of where price is in the cycle. I also like drawing what i call megahorns (marked in thicker green). I don't follow any hard or fast rule. For me at the moment we are in no-mans land in Dax, so apart from 5m scalps, i'm not building up space. I tend to use the megahorns to build up space, and when that happens magic begins You can build up a large position in space, whilst scalping contra to yourself to add to that space and bank account. Really is a wonderful way to trade. Safety for me is paramount, and this is where working on space is brilliant.

GER40_SBH1.png (75.53 KiB) Viewed 27468 times

GER40_SBH1 002.png (78.76 KiB) Viewed 27467 times

[cheunt3]

Although I trade the 5min, this is roughly how i frame the market (credit to MO). I take - usually the h1, or whatever higher timeframe 'looks right', to get an idea of where price is in the cycle. I also like drawing what i call megahorns (marked in thicker green). I don't follow any hard or fast rule. For me at the moment we are in no-mans land in Dax, so apart from 5m scalps, i'm not building up space. I tend to use the megahorns to build up space, and when that happens magic begins You can build up a large position in space, whilst scalping contra to yourself to add to that space and bank account. Really is a wonderful way to trade. Safety for me is paramount, and this is where working on space is brilliant.

GER40_SBH1.png

GER40_SBH1 002.png

Your charts are very clean, I'm so jealous

[kate682]

15min megahorn pinpointed a nice pip collection pretty much. So much better than indicators. Love this stuff. h1 Semafor moved down with fast moving price. (Also clearly on H1)

WS30_SBM15.png (47.93 KiB) Viewed 27403 times

[kate682]

Lets talk about those dark cloaked people on the other side of your trade. The ones that have to take the other side, or the market could not exist, the ones that do not like being offside, for long, and will fight with huge cavernous pockets to fill their own. Ask yourself this, when you see a pattern that is so obvious in a chart, that surely everyone will trade it, supporting your entry and giving you an amazing pip range to bank. Who is on the other side, and are they happy, or plotting.

example big movement up, and then another, and then range / consolidation. You have no idea which way it will break, up or down. And - neither do they. However the side that is the most heavy, the cloaked ones will take it the other way. Even right up to the last moment, there could be an at market order that tips the balance, and instead of it going up and away from the range, it will go down. And that is why you can never bet the farm or trade without stops, because it will never be known. No indicator on the planet, no insider knowledge, nothing can change that . . . in my view of course, we all see our own truth in the market.

And this is how I finally managed to be happy with stops. The markets teacher. So I smile and try and learn from my stops. Close enough not to hurt, with entries placed carefully enough not to be mainstream. But before that, I wait for the clues. If I watch candles long enough, I start to feel it. Candle by Candle. What is the previous candle telling me. So this thread 'never lose again' doesn't include me, because my space does get eaten, and my first 5 trades can be stopped out for peanuts, but then, often enough to keep me in the game, i win and win big.

I trade three different ways.

(1) scalp what I see on M5, htf framed in diamonds and megahorns, then its all about candle colour and size.
(2) Trade space at pointy bits, my size in 5 or 10 chunks. I enter full size 1, which is divisible by 10. It goes against me, I close a chunk 2/10, so I am now short 8/10, my space is larger, price continues against me, I close another chunk, so I am now short 6/10, my space is bigger, my carry forward loss/margin/risk smaller. And again, till and if my box is spent, my stop eaten. Carefully placed and then managed, 5 chunks of 2 lasts a long time, and suddenly, often without warning, my original idea works, and I can re-sell those chunks I closed. That to me is space. And then I add, 2/10 at a time, where my breakeven is far enough to support the 5% adr 30 stop. Moving my space, till it's tiny and at the biggest size I can get it to before that gets zapped into my bank, eaten up, by me, not the cloaked ones.
(3) Glass of wine during fomc and nfp, tiny size, fun and hit the button, my sl tp based on 5% each way. 50 50. me against the market. With a ££ i'm allowed to lose. Because trading should be fun.

So this is me, and i'd love to hear about you.
kate

[cheunt3]

Lets talk about those dark cloaked people on the other side of your trade. The ones that have to take the other side, or the market could not exist, the ones that do not like being offside, for long, and will fight with huge cavernous pockets to fill their own. Ask yourself this, when you see a pattern that is so obvious in a chart, that surely everyone will trade it, supporting your entry and giving you an amazing pip range to bank. Who is on the other side, and are they happy, or plotting.

example big movement up, and then another, and then range / consolidation. You have no idea which way it will break, up or down. And - neither do they. However the side that is the most heavy, the cloaked ones will take it the other way. Even right up to the last moment, there could be an at market order that tips the balance, and instead of it going up and away from the range, it will go down. And that is why you can never bet the farm or trade without stops, because it will never be known. No indicator on the planet, no insider knowledge, nothing can change that . . . in my view of course, we all see our own truth in the market.

And this is how I finally managed to be happy with stops. The markets teacher. So I smile and try and learn from my stops. Close enough not to hurt, with entries placed carefully enough not to be mainstream. But before that, I wait for the clues. If I watch candles long enough, I start to feel it. Candle by Candle. What is the previous candle telling me. So this thread 'never lose again' doesn't include me, because my space does get eaten, and my first 5 trades can be stopped out for peanuts, but then, often enough to keep me in the game, i win and win big.

I trade three different ways.

(1) scalp what I see on M5, htf framed in diamonds and megahorns, then its all about candle colour and size.
(2) Trade space at pointy bits, my size in 5 or 10 chunks. I enter full size 1, which is divisible by 10. It goes against me, I close a chunk 2/10, so I am now short 8/10, my space is larger, price continues against me, I close another chunk, so I am now short 6/10, my space is bigger, my carry forward loss/margin/risk smaller. And again, till and if my box is spent, my stop eaten. Carefully placed and then managed, 5 chunks of 2 lasts a long time, and suddenly, often without warning, my original idea works, and I can re-sell those chunks I closed. That to me is space. And then I add, 2/10 at a time, where my breakeven is far enough to support the 5% adr 30 stop. Moving my space, till it's tiny and at the biggest size I can get it to before that gets zapped into my bank, eaten up, by me, not the cloaked ones.
(3) Glass of wine during fomc and nfp, tiny size, fun and hit the button, my sl tp based on 5% each way. 50 50. me against the market. With a ££ i'm allowed to lose. Because trading should be fun.

So this is me, and i'd love to hear about you.
kate

Your megahorn is a cone to me.

Thanks for sharing, you got the technical side to fine art but I read your post as a psychological one.

FOMO was the one thing that held me back for years. My stops and timeframes kept getting larger and larger due to my insanity of wanting to win each trade but the win loss was even worse the higher it got, I couldn't figure it out and that was my journey into squiggles. Then MO came along and told me to not have one huge stop but to break it up into pieces. Don't bet the whole farm on one crop but to plant seasonal crops to lessen the risk of not losing the entire farm. I credit TRO too, he kept saying, once you placed the order, you have no control of what will happen next, he kept saying it and saying it until after I have placed many trades, I finally got it what he was saying and finally got what MO was teaching:

Since you have no idea the outcome once you place the trade why risk on one big stop?

Since you have no idea the outcome once you place the trade wouldn't it be better to take smaller stops until one succeeds?

And after that, building position on a small chart and waiting for a large move, OPM and the MM maths to Never Lose Again

[BambinoFlex]

Lets talk about those dark cloaked people on the other side of your trade. The ones that have to take the other side, or the market could not exist, the ones that do not like being offside, for long, and will fight with huge cavernous pockets to fill their own. Ask yourself this, when you see a pattern that is so obvious in a chart, that surely everyone will trade it, supporting your entry and giving you an amazing pip range to bank. Who is on the other side, and are they happy, or plotting.

example big movement up, and then another, and then range / consolidation. You have no idea which way it will break, up or down. And - neither do they. However the side that is the most heavy, the cloaked ones will take it the other way. Even right up to the last moment, there could be an at market order that tips the balance, and instead of it going up and away from the range, it will go down. And that is why you can never bet the farm or trade without stops, because it will never be known. No indicator on the planet, no insider knowledge, nothing can change that . . . in my view of course, we all see our own truth in the market.

And this is how I finally managed to be happy with stops. The markets teacher. So I smile and try and learn from my stops. Close enough not to hurt, with entries placed carefully enough not to be mainstream. But before that, I wait for the clues. If I watch candles long enough, I start to feel it. Candle by Candle. What is the previous candle telling me. So this thread 'never lose again' doesn't include me, because my space does get eaten, and my first 5 trades can be stopped out for peanuts, but then, often enough to keep me in the game, i win and win big.

I trade three different ways.

(1) scalp what I see on M5, htf framed in diamonds and megahorns, then its all about candle colour and size.
(2) Trade space at pointy bits, my size in 5 or 10 chunks. I enter full size 1, which is divisible by 10. It goes against me, I close a chunk 2/10, so I am now short 8/10, my space is larger, price continues against me, I close another chunk, so I am now short 6/10, my space is bigger, my carry forward loss/margin/risk smaller. And again, till and if my box is spent, my stop eaten. Carefully placed and then managed, 5 chunks of 2 lasts a long time, and suddenly, often without warning, my original idea works, and I can re-sell those chunks I closed. That to me is space. And then I add, 2/10 at a time, where my breakeven is far enough to support the 5% adr 30 stop. Moving my space, till it's tiny and at the biggest size I can get it to before that gets zapped into my bank, eaten up, by me, not the cloaked ones.
(3) Glass of wine during fomc and nfp, tiny size, fun and hit the button, my sl tp based on 5% each way. 50 50. me against the market. With a ££ i'm allowed to lose. Because trading should be fun.

So this is me, and i'd love to hear about you.
kate

I like your explanation on space....it just makes sense.

[kate682]

Your megahorn is a cone to me.

Thanks for sharing, you got the technical side to fine art but I read your post as a psychological one.

FOMO was the one thing that held me back for years. My stops and timeframes kept getting larger and larger due to my insanity of wanting to win each trade but the win loss was even worse the higher it got, I couldn't figure it out and that was my journey into squiggles. Then MO came along and told me to not have one huge stop but to break it up into pieces. Don't bet the whole farm on one crop but to plant seasonal crops to lessen the risk of not losing the entire farm. I credit TRO too, he kept saying, once you placed the order, you have no control of what will happen next, he kept saying it and saying it until after I have placed many trades, I finally got it what he was saying and finally got what MO was teaching:

Since you have no idea the outcome once you place the trade why risk on one big stop?

Since you have no idea the outcome once you place the trade wouldn't it be better to take smaller stops until one succeeds?

And after that, building position on a small chart and waiting for a large move, OPM and the MM maths to Never Lose Again

You are ahead of me , I don't immediately know what OPM and MM are, is there a list of these abbreviations anywhere? Also, yes you are right, my megahorn is MO's cone, but you see the word cone didn't resonate with me, a cone to me is ^.
hugs kate

[cheunt3]

Your megahorn is a cone to me.

Thanks for sharing, you got the technical side to fine art but I read your post as a psychological one.

FOMO was the one thing that held me back for years. My stops and timeframes kept getting larger and larger due to my insanity of wanting to win each trade but the win loss was even worse the higher it got, I couldn't figure it out and that was my journey into squiggles. Then MO came along and told me to not have one huge stop but to break it up into pieces. Don't bet the whole farm on one crop but to plant seasonal crops to lessen the risk of not losing the entire farm. I credit TRO too, he kept saying, once you placed the order, you have no control of what will happen next, he kept saying it and saying it until after I have placed many trades, I finally got it what he was saying and finally got what MO was teaching:

Since you have no idea the outcome once you place the trade why risk on one big stop?

Since you have no idea the outcome once you place the trade wouldn't it be better to take smaller stops until one succeeds?

And after that, building position on a small chart and waiting for a large move, OPM and the MM maths to Never Lose Again

You are ahead of me , I don't immediately know what OPM and MM are, is there a list of these abbreviations anywhere? Also, yes you are right, my megahorn is MO's cone, but you see the word cone didn't resonate with me, a cone to me is ^.
hugs kate

Hi Kate, OPM is Other People's Money and MM is money management.

OPM is just betting and winning small hands from your opponents and going all in with their money when a large move on a large chart is happening. Using their money is nicer on the brain instead of risking your money which is more stressful to think about. It's not really a convention but I think it was introduced by MO to get us to think differently about risking money. I think it was MO who started it, I could be wrong.

Do you keep in touch with the big guy? I hope he is doing fine.