NLA 5 years later

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withnail
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Postby withnail » Mon Jun 02, 2014 7:03 am

Nice and straightforward Thanks Alias.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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aliassmith
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Postby aliassmith » Mon Jun 02, 2014 5:20 pm

Took a small loss here. Out where it says closed. I didn't take as
big of loss as projected.

For me, the key is keeping average loss smaller than average gain at
a multiple larger than 1.5
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Postby withnail » Mon Jun 02, 2014 5:32 pm

Trade for today - order blocks appear under the obvious worn out S/R.

Dollar for direction.

Yen because it was the most obvious setup in my watch list. Retest entry after BO.
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1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Jalarupa
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Postby Jalarupa » Mon Jun 02, 2014 5:46 pm

withnail wrote:Trade for today - order blocks appear under the obvious worn out S/R.

Dollar for direction.

Yen because it was the most obvious setup in my watch list. Retest entry after BO.


Just before your trade there was market talk from the interbank that a 3/4 'yard' (trader speak for a billion) offer was sitting around 25...

Market stalled dropped down and you traded into the vacuum... Skillful as always withnail :)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby dchappy » Tue Jun 03, 2014 3:46 pm

aliassmith wrote:Took a small loss here. Out where it says closed. I didn't take as
big of loss as projected.

For me, the key is keeping average loss smaller than average gain at
a multiple larger than 1.5


Alias ..It looks like you are targeting longer trades vs. rapid small

scalps . Is this due to the markets overall contraction , or just a

change in personal style ?

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aliassmith
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Postby aliassmith » Tue Jun 03, 2014 10:28 pm

dchappy wrote:
aliassmith wrote:Took a small loss here. Out where it says closed. I didn't take as
big of loss as projected.

For me, the key is keeping average loss smaller than average gain at
a multiple larger than 1.5


Alias ..It looks like you are targeting longer trades vs. rapid small

scalps . Is this due to the markets overall contraction , or just a

change in personal style ?


I do trade small timeframe charts and long timeframe charts, it depends
On where i think there is a setup. I lean more toward the large charts
So i don't have to stare at the charts for hours per day.

I like the idea of a doctor's salary on a part-time work schedule!
Trade Your Way as Long as It Makes Money!

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Postby Jalarupa » Wed Jun 04, 2014 7:06 am

So I've been doing a little Dragon analysis lately and I've come to realize that this trader is meticulous in his understanding of the Higher Time Frame charts, he is also extremely patient...

I've noticed that the deeper a pullback into a Zline the stronger the move away from said Zline...

here is what I saw today... (I know a lot of traders here don't look at M5, but a lot do also...)

Image
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby Jalarupa » Wed Jun 04, 2014 9:18 am

Again seeing the Deeper Retrace = Bigger Move Mumbo Jumbo...

Image

Here's the M15... Showing much more solid entry signals and a massive stop hunt into Dragon line... Need big stones to trade into that

Image

This PA reminds me of a chart by Dragon which gives a glimpse into how someone trades $400 into $400 000 :shock:

Image
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby Jalarupa » Wed Jun 04, 2014 9:57 am

This one's for MO...

Short term Cones and Pennants...

Image

Okay last one till someone else says something... :|
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

aliassmith
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Postby aliassmith » Wed Jun 04, 2014 3:44 pm

A good video that most traders should learn about... The most important trading system video ever: http://youtu.be/023DOvzwxms
Trade Your Way as Long as It Makes Money!

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