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  • #2,101
  • Apr 19, 2009 3:53pm Apr 19, 2009 3:53pm
Quoting AstonDan
Hi Rgrace, i don't think there is one answer to this as it down to what each individual trader is comfortable with so you may just have to find out for yourself

Thanks for your reply, I know there is not one answer to this. I just wanted to hear views from others.

So generally, i am taking profits to GROW MY ACCOUNT but also letting them run to GROW MY ACCOUNT and cutting my losses short to GROW MY ACCOUNT!

You'll find your path only by experiencing it
Thanks again for your reply, I know I will find my path by experience. But, opinions and different viewpoints from other traders help on that path.
  • #2,102
  • Edited 9:14pm Apr 19, 2009 8:47pm | Edited 9:14pm
Thanks strat for helping me with my indicator addiction. Your story finally got me through my twelve step program. Once I stayed clean for awhile and employed your longer term strategy I managed to stay away from the dealers down on the corner with the 5 minute magic rushomatic psychedelic black light poster charts. Not saying some of it isn't good..... just not for me. I had my best month trading to date. Never looking at lower time frames anymore just the Price action and S/R and nothing else. I know I have a long way to go but just being stressfree and not being clued to the tube, managing my money and holding onto the trades has really been helpful. Staying with the trades/trend and not getting spooked out when they retrace some has really helped. In other words setting the stop and letting it run until the next S/R level before doing anything has made a world of difference. Paralysis through analysis was leading me nowwhere and really understanding when to buy and sell based on what I see and not what some indie told me has gotten me in and out with consistent postive Pips. Thanks again for sharing.http://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon6.gif
  • #2,103
  • Apr 19, 2009 9:08pm Apr 19, 2009 9:08pm
Quoting One14
Going over the thread again Strat and I ran into this post.

There are others in our group that might not know what you're talking about, so, for their benefit, would you mind explaining the following in simpler terms?

What was the price action you bought on Oct 21? Looks like a doji on the previous day, not a hammer.

I see inside bars in the preceding days, but long wicks.

Any other confluence of events not mentioned?

Do you rank this one of your more riskier trades (non "A").

BTW, what were your initial targets for the Oct 21 trade?

My...
Oct 21st - let's see - was that last week - hell no! This is April 19! I can't remember what I did yesterday let alone 6 months ago!

Give me a clue then - what pair was it and I'll see if I can ressurect the brain cells
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,104
  • Apr 19, 2009 9:13pm Apr 19, 2009 9:13pm
Quoting rgrace
Clues on the BOSS and BIG BOSS....
I wanted you and all those on The Path of Learning to start their analysis with the BIG BOSS - yes you need it to close at month end but it still reveals itself as the month wears on. After the BIG BOSS, review the BOSS and then the Daily remembering that if we are trading the Daily, the BOSS is what guides the Daily and the BIG BOSS which guides the BOSS
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,105
  • Apr 19, 2009 9:19pm Apr 19, 2009 9:19pm
Quoting rgrace
First of all, the 3 contract issue....
Profit taking is VERY SUBJECTIVE and PERSONAL. What is one man's meat is another man's poison.

You have to try ALL the options available to you and find the one that you are COMFORTABLE WITH. I cannot tell you what I do because it is different each time depending on where I am in the trade, whether I'm just going to the ATM or whether I'm in a trend trade.

The Hammer and the Shooting Star is what those on The Path of Learning should focus on - nothing else. Learn how to use these for entry and CLOSING OUT a running trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,106
  • Apr 19, 2009 9:21pm Apr 19, 2009 9:21pm
Quoting Beachsitter
Thanks strat for helping me with my indicator addiction. Your story finally got me through my twelve step program. Once I stayed clean for awhile and employed your longer term strategy I managed to stay away from the dealers down on the corner with the 5 minute magic rushomatic psychedelic black light poster charts. Not saying some of it isn't good..... just not for me. I had my best month trading to date. Never looking at lower time frames anymore just the Price action and S/R and nothing else. I know I have a long way to go but just being stressfree...
Thanks for the appreciation - why not register on The Path of Learning and become one of the gang?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,107
  • Apr 19, 2009 9:25pm Apr 19, 2009 9:25pm
Quoting strat
Oct 21st - let's see - was that last week - hell no! This is April 19! I can't remember what I did yesterday let alone 6 months ago!

Give me a clue then - what pair was it and I'll see if I can ressurect the brain cells
I was referring to post #112 and ignoring how long ago it was (March 4th). I am on the path and at this point time doesn't matter (well, for reading anyway).

EUR/GBP I believe. You were giving an example to whet our appetites about your method.
  • #2,108
  • Apr 19, 2009 9:47pm Apr 19, 2009 9:47pm
Quoting strat
I wanted you and all those on The Path of Learning to start their analysis with the BIG BOSS - yes you need it to close at month end but it still reveals itself as the month wears on. After the BIG BOSS, review the BOSS and then the Daily remembering that if we are trading the Daily, the BOSS is what guides the Daily and the BIG BOSS which guides the BOSS

Point taken. From now on, will start with big boss then boss then daily. Thanks for keeping me on the path. Must start at BIG BOSS! I will keep repeating that to myself until it becomes habit.
  • #2,109
  • Apr 19, 2009 9:49pm Apr 19, 2009 9:49pm
Anyone heard from Lance (rogueforex)? Seems to have been gone for quite a while.
  • #2,110
  • Apr 19, 2009 9:52pm Apr 19, 2009 9:52pm
Quoting strat
The Hammer and the Shooting Star is what those on The Path of Learning should focus on - nothing else. Learn how to use these for entry and CLOSING OUT a running trade.

Thanks for your reply. HAMMER and SHOOTING STAR! Got it! That is all I will focus on until it becomes second nature. I knew that is what you wanted us to focus on for entry, not for profit taking though. It makes it much simpler. I will focus on the hammers and shooting stars till they haunt me in my sleep. By the way if any one sees me straying from this and the analysis starting with the BIG BOSS, please kick me.
  • #2,111
  • Apr 19, 2009 10:03pm Apr 19, 2009 10:03pm
Quoting strat
Oct 21st - let's see - was that last week - hell no! This is April 19! I can't remember what I did yesterday let alone 6 months ago!

Give me a clue then - what pair was it and I'll see if I can ressurect the brain cells

I do not know, but on my data it was the break of a nice hammer.

I am sure Strat will enlighten us when he goes back to check his data.
  • #2,112
  • Edited 10:12pm Apr 19, 2009 10:11pm | Edited 10:12pm
Quoting rgrace
I do not know, but on my data it was the break of a nice hammer.

I am sure Strat will enlighten us when he goes back to check his data.
I was basing my questions on the chart in post #112, because my feed also showed a hammer. The chart shown was what intrigued me. Just wanted to bring that up in case Strat looks at his data instead of the post itself.

Thanks rgrace.
  • #2,113
  • Apr 19, 2009 10:13pm Apr 19, 2009 10:13pm
Quoting One14
I was referring to post #112 and ignoring how long ago it was (March 4th). I am on the path and at this point time doesn't matter (well, for reading anyway).

EUR/GBP I believe. You were giving an example to whet our appetites about your method.
You are right - it doesn't matter how long ago or how old the post is - if you have questions - ask them. I made a promise to myself that I would always answer posts from those on The Path of Learning.

First, you have to recognise that I am teaching HOW YOU should trade to be CONSISTENTLY profitable and NOT how I trade (not yet). I am very experienced and am trading in ways which are way too advanced for those on this thread. However, if you stay on The Path of Learning and get to where you are successful and consistently profitable over at least 2 and maybe three years, then these methods and those of Baba G will be made available

""What was the price action you bought on Oct 21? Looks like a doji on the previous day, not a hammer.

I see inside bars in the preceding days, but long wicks.

Any other confluence of events not mentioned?

Do you rank this one of your more riskier trades (non "A"). ""

As with most of my trades, I am looking to get in at the beginning of trends to ride them to the end, or near the end - see also my EURJPY example trade.

Yes, this was entered on a doji because my Momentum and Cycles had already "kicked in" long and I was looking for the first low risk entry to get in and get positioned. Remember, I have been working on Momentum, Cycles and Volume for years (I guess I'm still trying to prove Dr. Joe wrong!) Nothing is risk for me when I enter with my Momentum and Cycles - yes, I may suffer some drawdown if I enter "blind" until prices rise above my entry but if I enter at the bottom of my Cycles, I am usually OK.

""BTW, what were your initial targets for the Oct 21 trade?""

Absolutely no idea! Remember, I am positioning myself for long trends - this one happened to work out beautifully - some don't and some flop real bad!

I know, I said YOU must ALWAYS know what your targets are - but this is for those on The Path of Learning and that is absolutely true.

No-one should be trading like me at this stage of their learning process. You should only be using me as an example of where you CAN get to if you LEARN the basics and PASR, etc. and then from there, using that experience and knowledge, move on to bigger and better things.

So, until you are at my level and experience, I'm afraid it's a case of do as I say and NOT as I do.

Remember, the path of a thousand miles begins with the first step, Rome was not built in a day and all those other sayings.

Stay on The Path of Learning, be patient, learn to crawl before you walk and practice, practice and then, practice some more. There is NO shortcut to this - those that have tried have gone broke a long time ago!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,114
  • Apr 19, 2009 10:15pm Apr 19, 2009 10:15pm
Quoting One14
Anyone heard from Lance (rogueforex)? Seems to have been gone for quite a while.
He's back now and catching up so hang in there - he has been taking care of his BOSS!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,115
  • Apr 19, 2009 10:21pm Apr 19, 2009 10:21pm
Quoting strat
He's back now and catching up so hang in there - he has been taking care of his BOSS!
Thank You Sir. Just wondering if he was ok.
  • #2,116
  • Apr 19, 2009 10:27pm Apr 19, 2009 10:27pm
Quoting strat
You are right - it doesn't matter how long ago or how old the post is - if you have questions - ask them. I made a promise to myself that I would always answer posts from those on The Path of Learning.

First, you have to recognise that I am teaching HOW YOU should trade to be CONSISTENTLY profitable and NOT how I trade (not yet). I am very experienced and am trading in ways which are way too advanced for those on this thread. However, if you stay on The Path of Learning and get to where you are successful and consistently profitable over...
Thanks for the explanations. It's becoming clearer to me your intentions for us Stress Free newbies (this is begging for a comment isn't it?). Thanks for lighting the path. Still crawling and motivated to walk. Tick Tock Tick Tock. My, how the patience is tested.
  • #2,117
  • Edited Apr 20, 2009 12:07am Apr 19, 2009 11:39pm | Edited Apr 20, 2009 12:07am
Quoting strat

Stay on The Path of Learning, be patient, learn to crawl before you walk and practice, practice and then, practice some more. There is NO shortcut to this - those that have tried have gone broke a long time ago!

Ahh, the light has gotten brighter. I understand a bit more now. So, basically focus on shorter term trades off of the daily, get in and out with profits. Use only hammer and shooting star for entries and exits at S&R areas of course. When we are consistently profitable with that, start looking at more PASR, Like maybe learn DBLHC then add those into the mix, trade it till you know it like the back of your hand, then add ..... etc. etc., Rinse and repeat till you can read and trade price action profitably. Then maybe we can catch these multi thousand pip moves like Strat . And of course do not trade unless BOSS and BIG BOSS agrees. The main problem I see is this. Are you going to be sane after working with us NOOBS for 2-3 years? I am willing if you are.
  • #2,118
  • Edited 3:10am Apr 20, 2009 2:41am | Edited 3:10am
Quoting strat
Hey, Amin, calm down! Bloom did not mean it in the way you took it. He WAS being positive and constructive which is more than can be said for your reply.

I suggest you issue him an apology and refrain from attacking your fellow traders.

You can also remove two of your picks which now take you back to LEVEL ONE.
Bloom, I apologize for my rude and agressive response to your constructive critiscism.

As for the picks, I need to get the picture from Lance.
Bang.
  • #2,119
  • Apr 20, 2009 3:11am Apr 20, 2009 3:11am
Saturday night was senior prom, and I got to go as a junior! How many guys on the thread can say that?
Bang.
  • #2,120
  • Apr 20, 2009 4:07am Apr 20, 2009 4:07am
Quoting AminAS
Saturday night was senior prom, and I got to go as a junior! How many guys on the thread can say that?
Dude how old are you? 17..........
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