Never Lose Again

[TheRumpledOne]

MightyZones and SweetSpots on the weekly chart.

[lukx]

Earth from Space ;P

[Patch]

lukx

This shot from space of earth sure is a macro view of forex trading.

Would you please pin point Hawaii?

Breath-taken

Patch

[nelreth]

Hi

I have question about MZ - how do You determine when MZ is broken ?
Candle close above/below MZ ?

Example



On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

How do You handle in this case ?

Regards

[flinux]

earth from space .. LOL

[flinux]

This is my working template.

GBP/JPY M30

[razorboy]

Anyone here use the kelly ratio for position sizing (and stick to the recommended size)?

Based on my win/loss and payoff ratio, my kelly ratio is close to 20% a trade and "common sense" tells me that is way too much, yet mathematically, it shows some insane compounding - about 5000 to 86000 in 100 trades or so, even a 7% win rate works out to a 2000 dollar gain on a 5000 account over the same 100 trades

any thoughts on the sheer lunacy of strictly adhering to the kelly ratio......

[es/pip]

Hi

I have question about MZ - how do You determine when MZ is broken ?
Candle close above/below MZ ?

Example



On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

How do You handle in this case ?

Regards

for me anyway

once the PA goes above/below a MZ and we have new PA then the zone is no longer valid

On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

u just have to read the PA and make a decision on what makes the most sense----- and look at where the next level of held profit is that you are shooting for. When you were looking short off the above MZ you have a new held profit just created right below you---- so not much room to go down---same on the long that could have been traded--- no real room to go up

could it have been traded----yes------did i trade it-----yes--- was it worth it---- not really

but i was aware that there was no room and just got out at the first sign it was stalling-----


but this trade is a lot more inviting bec it has more room

[nelreth]

Hi

Thanks es/pip for answer

I think in moments like this the best way is wait for more "cleaner" situation - at least for me I'm still fresh with ZL

Regards

[lukx]

On this picture price is currently in MZ (for short) but the last candle create new MZ (for long)

hmmm... I can see MZ for short but wher eis this "the last candle create MZ for long" ?