Where have i seen this before...
The ideas that I trade by:
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Re: The ideas that I trade by:
yai wrote:Hello MO,
I've been following your thread since last November so far this is the best forex lesson I have ever come across(my forex journey is about 10 yrs which so far 'so so')
I read this thread from page 99 few times I'm going to reread again from page 169.
Is it possible to briefly guide me & many newbies with full time jobs? ''How to enter the trade & adding the space with one hour working time per day'' Your idea should enlighten us to see light at the end of tunnel.
Thank you for the very best thread.
Best regards,
It is recommended that you have access to charts 24 hours per day.
Ideally you would sit at a computer for 12+ hours and sleep for 6.
I think that you need to examine where you are wasting time and
work on reallocating those hours to chart time; at least 4 hours.
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Re: The ideas that I trade by:
Is this making any sense? Past PA for EURUSD
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Re: The ideas that I trade by:
Goonslinger wrote:Is this making any sense? Past PA for EURUSD
I was merely pointing out that it was price action that you have already seen before.
Master the basics and then maybe we'll talk about the rest.
- TheRumpledOne
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Re: The ideas that I trade by:
MightyOne wrote:Where have i seen this before...
In trading, there is no "right/wrong"...
Only "profitable/unprofitable"...
If you change your words, you change your thinking... you change your attitude... you change your behavior.
Be the leaf...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Re: The ideas that I trade by:
I probably won't complete stage 3 this week boss.
I should have exited when price failed to close below the previous days open and gone long. Was hell bent on shorting to the cash zone that I didn't pay attention to what the chart was telling me. The news was bad for the US too - I should have taken that into account.
I should have exited when price failed to close below the previous days open and gone long. Was hell bent on shorting to the cash zone that I didn't pay attention to what the chart was telling me. The news was bad for the US too - I should have taken that into account.
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"So let it be written; so let it be done."
Re: The ideas that I trade by:
Goonslinger wrote:I probably won't complete stage 3 this week boss.
I should have exited when price failed to close below the previous days open and gone long. Was hell bent on shorting to the cash zone that I didn't pay attention to what the chart was telling me. The news was bad for the US too - I should have taken that into account.
Do not focus on the result of a trade, focus on the ideas that guide your trading.
As a card counter knows that short term results will not deter success so should you also know the reason for your success:
I know that long term charts will make large moves with or without me & that these moves are measured from one extreme to the other.
I know that price can neither rise on wicks nor can it fall without closing lower.
I know that trading is placing and trailing stops.
I know that I trade small charts for low risk accumulation and not for pips.
I know that if I am in the market with SIZE when a large move is made that I will make huge amounts of money; it's simple math.
The money is in everything I know to be true...
triangles and other patterns make pips, but it is not about pips it is about being in the market with SIZE.
Once you realize that the name of the game is not 'Pips' you will naturally gravitate towards the direction of profit.
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Re: The ideas that I trade by:
MightyOne wrote:Goonslinger wrote:I probably won't complete stage 3 this week boss.
I should have exited when price failed to close below the previous days open and gone long. Was hell bent on shorting to the cash zone that I didn't pay attention to what the chart was telling me. The news was bad for the US too - I should have taken that into account.
Do not focus on the result of a trade, focus on the ideas that guide your trading.
As a card counter knows that short term results will not deter success so should you also know the reason for your success:
I know that long term charts will make large moves with or without me & that these moves are measured from one extreme to the other.
I know that price can neither rise on wicks nor can it fall without closing lower.
I know that trading is placing and trailing stops.
I know that I trade small charts for low risk accumulation and not for pips.
I know that if I am in the market with SIZE when a large move is made that I will make huge amounts of money; it's simple math.
The money is in everything I know to be true...
triangles and other patterns make pips, but it is not about pips it is about being in the market with SIZE.
Once you realize that the name of the game is not 'Pips' you will naturally gravitate towards the direction of profit.
The name of the game can't be pips alone, but it
is important.
pips x size = $$$$$
Trade Your Way as Long as It Makes Money!
Re: The ideas that I trade by:
MightyOne wrote:yai wrote:Hello MO,
I've been following your thread since last November so far this is the best forex lesson I have ever come across(my forex journey is about 10 yrs which so far 'so so')
I read this thread from page 99 few times I'm going to reread again from page 169.
Is it possible to briefly guide me & many newbies with full time jobs? ''How to enter the trade & adding the space with one hour working time per day'' Your idea should enlighten us to see light at the end of tunnel.
Thank you for the very best thread.
Best regards,
It is recommended that you have access to charts 24 hours per day.
Ideally you would sit at a computer for 12+ hours and sleep for 6.
I think that you need to examine where you are wasting time and
work on reallocating those hours to chart time; at least 4 hours.
Thanks MO I will do that
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Re: The ideas that I trade by:
I still don't understand how to accumulate size on smaller timeframe. I use same size (0.5lot) for every new trade on only one timeframe (5 min). After entry I watch if movement is still strong and should continue (closing over something, last 3 bars, 2failures) after some bad close, I exit position.
After I double account I should trade with (1 lot)
With this I am trading only for pips I would like to understand how to accumulate.
I understand that if trade goes long time in direction of profit and price (over bar must not close) is moving with direction of profit (new swing) I should not move SL with hand but add new position and it must always be risk of 1% (normalize).
Thats all what I think I know, something is missing to me and it would be great if someone can help me please.
After I double account I should trade with (1 lot)
With this I am trading only for pips I would like to understand how to accumulate.
I understand that if trade goes long time in direction of profit and price (over bar must not close) is moving with direction of profit (new swing) I should not move SL with hand but add new position and it must always be risk of 1% (normalize).
Thats all what I think I know, something is missing to me and it would be great if someone can help me please.
Just learning
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