The idea's we trade by, so we never lose again. p2. The students become the masters

[pablo101]

Last one.

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Board is dead :/

Thanks MO wherever you are. God bless on making us see channels!

[pablo101]

I hope everyone is thinking red

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EDIT: Still dropping!

[pablo101]

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[pablo101]

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[Jalarupa]

Yup ECB day today...

[pablo101]

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[pablo101]

I thought it was important to show this. I didn't take it but I felt like it followed my plan if I was looking at GU at the time. Just showing you to take small losses.

I would have certainly taken the second short.

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[Mr. Hyde]

Where's Mr. Hyde?

Sorry Pro, dealing with health issues.

So basically for the past two weeks all I do is get up during London, look at 3-4 pairs on the 1hr, Switch to the 15 m chart then lay in bed till a momo bar shows up and enter. been working out pretty good. I really like this method. but for me its missing something. I need either something for direction or anhothe indy for to confirm the trend. I say this only because I want to get it more mechanical were all I don is wait for everything to line up and place a trade. Also I use the momo bar extreme as my sl and I aim for 2-1 RR. So it is agrresive on that part and is probably causing some of my loses. If I could get a solid 2 or 3-1 RR each day I would be in heaven. And I want to do that with about a 2 out of 3 win rate and not having to watch a million charts. Back when I got into day trading when Lem was helping I would be watching way to many pairs and just cause to much anxiety. I burnt myself out doing that 8-16 hours a day. The money was great but u cant do that forever.

Even with very little effort on my part I have already seen about a 20% increase in profits with this method. Which is awesome. I think a 50% is def in the cards. My biggest thing is, I don't just want to use this as an entry method on trades im already doing off a HTF. I would like to be able to use it on pairs im not in trades on. I did a quick test. Taking every trade using my sl and tp over three weeks I won 20 out of 35 trades. Not the best win rate, but the RR makes up for it. This was off a 15m chart.

Just relized I have been using a ema and not sma. Could be making a difference.

[Mr. Hyde]

I thought it was important to show this. I didn't take it but I felt like it followed my plan if I was looking at GU at the time. Just showing you to take small losses.

I would have certainly taken the second short.

GUfail1.png

Hey Pablo. What are we looking at and how are you trading it.

[Mr. Hyde]

Where's Mr. Hyde?

Sorry Pro, dealing with health issues.

So basically for the past two weeks all I do is get up during London, look at 3-4 pairs on the 1hr, Switch to the 15 m chart then lay in bed till a momo bar shows up and enter. been working out pretty good. I really like this method. but for me its missing something. I need either something for direction or anhothe indy for to confirm the trend. I say this only because I want to get it more mechanical were all I don is wait for everything to line up and place a trade. Also I use the momo bar extreme as my sl and I aim for 2-1 RR. So it is agrresive on that part and is probably causing some of my loses. If I could get a solid 2 or 3-1 RR each day I would be in heaven. And I want to do that with about a 2 out of 3 win rate and not having to watch a million charts. Back when I got into day trading when Lem was helping I would be watching way to many pairs and just cause to much anxiety. I burnt myself out doing that 8-16 hours a day. The money was great but u cant do that forever.

Even with very little effort on my part I have already seen about a 20% increase in profits with this method. Which is awesome. I think a 50% is def in the cards. My biggest thing is, I don't just want to use this as an entry method on trades im already doing off a HTF. I would like to be able to use it on pairs im not in trades on. I did a quick test. Taking every trade using my sl and tp over three weeks I won 20 out of 35 trades. Not the best win rate, but the RR makes up for it. This was off a 15m chart.

Just relized I have been using a ema and not sma. Could be making a difference.

I did a test on the euro during us session. With the ema it win from 3 wins, 3 loses to sma 3 wins, 1 loses. maybe this is the slight change I was looking for. Sometimes it amazes me how stupid I can be. Will say its cuz im sick.