Never Lose Again

[MightyOne]

[es/pip]

anyone get on that train

that was a gift from the banks

[prochargedmopar]

anyone get on that train

that was a gift from the banks

Not me.

I can see this style of trading is not working.
Guess I need to go for even bigger pips........Close 30m chart. Look at daily's only. 100 pip stops.
LOL
This is definitely Not what I would call enjoyable. (Losing)

[PTG]

anyone get on that train

that was a gift from the banks

me choochoo too

This, imho, is a very clear example of a Dragon-trade based on
1) a stop-and-reverse on H4 (that is to say on Alpari server time..)
2) after the H4 reverse candle closed, switching back to H1 -> M5, the beauty is right before your eyes, ready to be undressed etc. etc.

Almost makes you blind, sooo nice..

[es/pip]

anyone get on that train

that was a gift from the banks

me choochoo too

This, imho, is a very clear example of a Dragon-trade based on
1) a stop-and-reverse on H4 (that is to say on Alpari server time..)
2) after the H4 reverse candle closed, switching back to H1 -> M5, the beauty is right before your eyes, ready to be undressed etc. etc.

Almost makes you blind, sooo nice..

it really is a thing a beauty

you see it on the h4 then the h1 and then open the m5 and it is just laid out in front of you just begging for you to take it-----

almost free money

[es/pip]

anyone get on that train

that was a gift from the banks

Not me.

I can see this style of trading is not working.
Guess I need to go for even bigger pips........Close 30m chart. Look at daily's only. 100 pip stops.
LOL
This is definitely Not what I would call enjoyable. (Losing)

"I can see this style of trading is not working."

which "style" are we talking about this time

you switch methods so fast i never know what you are trading

while you are on vacation, close the computer ------ take a week and clear your mind----dont even look at a chart

think about all of the stuff that you have looked at and tried

come to an agreement with yourself on what you are going to trade

then come back and stick to it and make it work--WITHOUT AVERAGING DOWN

btw

trading "demo" at $10 pip is not going to do anything but hurt you in the long run. you are seeing bigger loses than what you were trading live via .10 pips, this is going to have a negative impact emotionally on you.

that's why i say that hardly any trader has the discipline to trade demo like they would live.


you can do this

you just need to clear your head and start over

[PTG]

anyone get on that train

that was a gift from the banks

me choochoo too

This, imho, is a very clear example of a Dragon-trade based on
1) a stop-and-reverse on H4 (that is to say on Alpari server time..)
2) after the H4 reverse candle closed, switching back to H1 -> M5, the beauty is right before your eyes, ready to be undressed etc. etc.

Almost makes you blind, sooo nice..

it really is a thing a beauty

you see it on the h4 then the h1 and then open the m5 and it is just laid out in front of you just begging for you to take it-----

almost free money

yeah

It keeps surprising me, in the sense that I pinpoint the entry price, telling myself well let's see what happens and then, well what do you know, BINGO lol. Almost like a "no way Jose" it will be like that. But it is..

Took me considerable time effort to get the idea, but I strongly advise everybody looking into this to not give up. You WILL get it, sooner or later. Nice, veeeerry nice

[PTG]

anyone get on that train

that was a gift from the banks

Not me.

I can see this style of trading is not working.
Guess I need to go for even bigger pips........Close 30m chart. Look at daily's only. 100 pip stops.
LOL
This is definitely Not what I would call enjoyable. (Losing)

"I can see this style of trading is not working."

which "style" are we talking about this time

you switch methods so fast i never know what you are trading

while you are on vacation, close the computer ------ take a week and clear your mind----dont even look at a chart

think about all of the stuff that you have looked at and tried

come to an agreement with yourself on what you are going to trade

then come back and stick to it and make it work--WITHOUT AVERAGING DOWN

btw

trading "demo" at $10 pip is not going to do anything but hurt you in the long run. you are seeing bigger loses than what you were trading live via .10 pips, this is going to have a negative impact emotionally on you.

that's why i say that hardly any trader has the discipline to trade demo like they would live.


you can do this

you just need to clear your head and start over

Absolutely, you can do this Pro.

From reading your posts, you're making it way too difficult. Spinning tops this, volume that, yadayada. I did too. Forget it.

You can do it. Really.

[TheRumpledOne]

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE

"The secret to learning new things is to be willing to unlearn--even if your behaviors previously brought success." - Marcia Conner

Choose Your Advice Carefully

"Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new"

Pg 119 WHY WE WANT YOU TO BE RICH

[Brookmyre]

Thanks for that list of definitions MO. I have most of that pasted into my MO file but theres a couple of additions there I haven't seen before that are certainly helpful. I still have a lot of trouble with momentum though, as it's all relative to whats gone before.

I would like to ask you and es/pip....once you have made your analysis on a higher tf, found your entry from a lower tf....where do you manage your trades from?

i do it a little different

but i will either do 1 of two things

1. i will watch the m5 until it starts to go my way and then watch it on the time frame that the trade came from

2. i will watch it on the m5 and trade in and out of it on the way to the base decisions target.

if i feel real strong about the trade i tend to just watch it on the higher time frame.

but sometimes trading it on the way to the target you can make 150 pips on a 100 pip move--

Thanks es/pip...I had been waiting for it to go my way in the m5 and then dialing up and down between the m5 and the peg chart (and everything in between), I find it's harder to watch each tick go against me in the smaller time frames.......