The ideas that I trade by:

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MightyOne
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Postby MightyOne » Thu Sep 13, 2012 3:29 pm

In the last picture:

If you look at the lowest red 'x' you will notice that there was no momo behind it and are probably scratching your head.

It was actually momo away from this point and trying to exit short trades as price returned to the zone (MZ).

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Braathen
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Postby Braathen » Thu Sep 13, 2012 4:35 pm

I got wicked out.. bad planning.. all within 7 minutes :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Postby MightyOne » Thu Sep 13, 2012 4:37 pm

That wasn't hard now was it ;)

Image


PS: stops are for people who want to get stopped out :D

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Postby Braathen » Thu Sep 13, 2012 4:40 pm

i didnt use a stop .. i closed it out :( i always enter with no stop :D

I see the target.. i see my entry.. i just *censored - swear word* it up with my head :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Neo88
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Postby Neo88 » Thu Sep 13, 2012 4:45 pm

Karma wrote:
Neo88 wrote:MO can you post some IF/THEN lines on EURUSD chart; when you have time

I appreciate it


Isn't that cheating?


Cheating who ? :)
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Neo88
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Postby Neo88 » Thu Sep 13, 2012 4:46 pm

MightyOne wrote:Before we talk IF/THEN lets talk about what comes first:

Body in the direction of profit: the true meaning:

Image


If a body in the direction of profit is sale then a wick in the direction
of loss is a ...


MightyOne wrote:Some recent PA:

Image


MightyOne wrote:In the last picture:

If you look at the lowest red 'x' you will notice that there was no momo behind it and are probably scratching your head.

It was actually momo away from this point and trying to exit short trades as price returned to the zone (MZ).



Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4

This is something I am looking at


Image

Image


Edit: charts fixed
Last edited by Neo88 on Thu Sep 13, 2012 4:50 pm, edited 1 time in total.
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore

Neo88
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Postby Neo88 » Thu Sep 13, 2012 4:47 pm

sorry for the big charts !
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MightyOne
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Postby MightyOne » Thu Sep 13, 2012 4:49 pm

Neo88 wrote:sorry for the big charts !


just put them in quotes like this:

quote ---- chart here --- /quote

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Postby Neo88 » Thu Sep 13, 2012 4:51 pm

Done.
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Neo88
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Postby Neo88 » Thu Sep 13, 2012 4:57 pm

MightyOne wrote:That wasn't hard now was it ;)

Image


PS: stops are for people who want to get stopped out :D


I guess there is two sides to successful trading

First is knowing where price is going --> Momentum, Close over/under, IF/THEN lines

And second how to get there --> Space management
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