Never Lose Again

prochargedmopar · Post by **prochargedmopar** » Wed Sep 23, 2009 2:13 pm

Hmmmm,

Looks like we are going back up for a bit.
Man, these m5 charts are slow.

prochargedmopar · Post by **prochargedmopar** » Wed Sep 23, 2009 2:23 pm

Lukx,

No, I use a netbook.

Do not try this at home!!! Not recommended for safety's sake.

Anyway,

Live scalp trade call from above.

Worked for someone who wanted 10 pips, and still trying to go up.

See the strength.
Climax down bar
2 churn bars, 2nd closing on low with wick up.
Hit it there for 3 pip stop. LOL

Then, bail at 4.3 like I do. hehehehe

prochargedmopar · Post by **prochargedmopar** » Wed Sep 23, 2009 2:55 pm

And to think, I took 2.7 on this retrace from 96.
It went like 20 more pips.

GBP/USD 1 B 1.63963 1.63990 2.7 0.27 0.00 9/23/2009 10:41 9/23/2009 10:44

cfabian · Post by **cfabian** » Wed Sep 23, 2009 4:13 pm

Damn.... got hit on this one!!!!!!!!!!!!!!! "#$"#!"#$!"$@

cfabian · Post by **cfabian** » Wed Sep 23, 2009 4:17 pm

Lukx,
I do follow the market on my PDA, but believe me you do not want to trade with it. It helps to follow open trades, or as a backup system if your in a trade and something happens.

It is a Samsung Omnia.

lukx wrote:
prochargedmopar wrote:Story of my career so far.

Short g/u at 38 line.

Out +3.4.
It dropped to the 10 line.......and I waited 15 min for 3.4 pips...wt?

GBP/USD 1 S 1.64382 1.64348 3.4 0.34 0.00 9/23/2009 09:38 9/23/2009 09:53

Oh, I did make 30 pips scalping on the drive home from work....had a couple mishaps where I hit buy instead of sell trying to close trades.......Dang thing fills orders slow on the road sometimes too.

pro, you're using PDA for trading when on the road?
what pda you got?

Post by **TheRumpledOne** » Wed Sep 23, 2009 4:30 pm

cfabian:

Use the RAT REVERSE TRADE...

You need to see a white candle followed by a black candle BEFORE you enter a reversal. BOTH CANDLES MUST BE CLOSED!!

That should keep you out of trouble.

Fxtraveller · Post by **Fxtraveller** » Wed Sep 23, 2009 5:28 pm

es/pip

coming back to that EURJPY trade. after the successful short, I shorted again, and could have gotten away with 20 pips. (chart below)

Needed to be elsewhere, so let a reasonable winner become a loser.

Looking at D1 chart, I am still looking for a big reversal down....

I WILL catch it =]]]

Just like I caught GBPUSD to the up from the very start, very successful entry... BUT I scaled my last lot out at 1.6285 !!! there was another 125 pips to GO ! arrr, still cutting my winners, but less than before....

breathe, I am getting there.... MO's education enables predictions of reversals of surgical precision

es/pip · Post by **es/pip** » Wed Sep 23, 2009 5:45 pm

Fxtraveller wrote:es/pip

coming back to that EURJPY trade. after the successful short, I shorted again, and could have gotten away with 20 pips. (chart below)

Needed to be elsewhere, so let a reasonable winner become a loser.

Looking at D1 chart, I am still looking for a big reversal down....

I WILL catch it =]]]

Just like I caught GBPUSD to the up from the very start, very successful entry... BUT I scaled my last lot out at 1.6285 !!! there was another 125 pips to GO ! arrr, still cutting my winners, but less than before....

breathe, I am getting there.... MO's education enables predictions of reversals of surgical precision

Yes, I am with u on that. Just that, if playing short one would want to know that h1 increase in momo may offer an issue with the short attempt

I almost traded short out of there myself.

jz166 · Post by **jz166** » Wed Sep 23, 2009 6:02 pm

TheRumpledOne wrote:cfabian:

Use the RAT REVERSE TRADE...

You need to see a white candle followed by a black candle BEFORE you enter a reversal. BOTH CANDLES MUST BE CLOSED!!

That should keep you out of trouble.

Avery, I thought your 'rat set' is still in development. Are they already done and sent out?

Thanks!

Post by **TheRumpledOne** » Wed Sep 23, 2009 7:04 pm