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trendchaser super ea

  • #1,721
  • Oct 6, 2009 11:16pm Oct 6, 2009 11:16pm
just so every1 knows, im fundamentally stupid, i only look at charts
  • #1,722
  • Oct 6, 2009 11:24pm Oct 6, 2009 11:24pm
i figure i owe u a little more datail

wrather price is going up or down
theres a strong chance itl go here

Quoting trendchaser
might as well share my thoughts

thats a great trade, but i think the sl is way to close

for your trade to winn, ur thinking price is about to jump hard

is there a reason?

i figure itl bounce up n down this week, probly hitting ur sl
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  • #1,723
  • Oct 6, 2009 11:28pm Oct 6, 2009 11:28pm
Quoting trendchaser
might as well share my thoughts

thats a great trade, but i think the sl is way to close

for your trade to winn, ur thinking price is about to jump hard

is there a reason?

i figure itl bounce up n down this week, probly hitting ur sl
It is close, but I thought the set up makes for a good opportunity to 'swing for the fences'.

I was faced with a decision to either give myself more cushion by playing less lots (2 lots with sl at 50 pips = $100 loss) but take less at tp ($1,000 profit)

or

play 10 lots with a sl down 10 pips, but take home $5,000

Money management is a big part of this game.

Lastly, I would feel less confident about getting to 1.5300 if it went down to 1.4650 or lower.
  • #1,724
  • Oct 6, 2009 11:32pm Oct 6, 2009 11:32pm
well good point, you could be wrong 7eral times
long as you stick to ur plan, youd be in profit, id love to see you do this here

Quoting 2+2=4ex
It is close, but I thought the set up makes for a good opportunity to 'swing for the fences'.

I was faced with a decision to either give myself more cushion by playing less lots (2 lots with sl at 50 pips = $100 loss) but take less at ($1,000 profit)

or

play 10 lots with a sl down 10 pips, but take home $5,000

Money management is a big part of this game.

Lastly, I would feel less confident about getting to 1.5300 if it went down to 1.4650 or lower.
  • #1,725
  • Oct 6, 2009 11:37pm Oct 6, 2009 11:37pm
Quoting trendchaser
i figure i owe u a little more datail

wrather price is going up or down
theres a strong chance itl go here
It just very well might. Odds are I will get knocked out. I honestly don't expect to win this trade. Truth be told I don't profit or expect to profit on most of my trades....BUT, when I do....it makes up for every loss and then some. That's my style of trading and everyone has their own style.
  • #1,726
  • Oct 6, 2009 11:41pm Oct 6, 2009 11:41pm
your style is mathematically correct

long as you win a few, ur in profit

i used to trade like that, but i lost to many, so i must put my sl farther, im not that good

Quoting 2+2=4ex
It just very well might. Odds are I will get knocked out. I honestly don't expect to win this trade. Truth be told I don't profit or expect to profit on most of my trades....BUT, when I do....it makes up for every loss and then some. That's my style of trading and everyone has their own style.
  • #1,727
  • Oct 6, 2009 11:48pm Oct 6, 2009 11:48pm
i've sold because i think price will touch sma20 (1.4645),will buy again there,then it could go above sma5 (1.4720), according to rules of spgm
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Money is made by sitting, not trading. Jesse L. Livermore
  • #1,728
  • Oct 6, 2009 11:50pm Oct 6, 2009 11:50pm
my lines on the chart are area's

they are not exact, just areas

my trade happens in the area
  • #1,729
  • Oct 6, 2009 11:53pm Oct 6, 2009 11:53pm
i totally agree, youv said axeactly what i think, heres a pick of what me n you think
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Quoting sam69
i've sold because i think price will touch sma20 (1.4645),will buy again there,then it could go above sma5 (1.4720), according to rules of spgm
  • #1,730
  • Oct 6, 2009 11:54pm Oct 6, 2009 11:54pm
i should say

i fully agree, but id like to ad that i use no indies

not even a ma to decide my trade

Quoting sam69
i've sold because i think price will touch sma20 (1.4645),will buy again there,then it could go above sma5 (1.4720), according to rules of spgm
  • #1,731
  • Oct 6, 2009 11:59pm Oct 6, 2009 11:59pm
lets see real trades

even if demo, id like to see real trades that are executed in real time by real ppl

il post mine
  • #1,732
  • Oct 7, 2009 12:00am Oct 7, 2009 12:00am
Quoting trendchaser
your style is mathematically correct

long as you win a few, ur in profit

i used to trade like that, but i lost to many, so i must put my sl farther, im not that good
When in a trend, you will definitely win a few (at the least) if you make the trades after a retracement (dip or pullback). The key is money management and discipline. Too many traders (the novice and inexperienced) get excited and close trades before they reach take profit. By doing this you are preventing your strategy, which was mathematically correct to begin, from working. Essentially you now are turning the math against you.

As for determining at what point to take profit.... Take profit has to be determined BEFORE the trade and NEVER altered during trade. Again you make the math work against you if you do. I use a risk/reward ratio AND the chart resistances/supports to figure out where to set tp.

The only thing I might change during a trade is my sl to break even, but only when I'm halfway to tp (at the least).

Good luck.
  • #1,733
  • Oct 7, 2009 12:07am Oct 7, 2009 12:07am
hey 2 by 4

man, you took the words right outa my mouth

my main project is to show real time decisions, in a real market

im tired of the bull, youve shown the plan, i love ur plan, what we need here is to see a person go through this live

showing that he can trade his plan

can u trade your plan, its easy to say ur plan, but to trade it live before many, is the challenge

show us a example man



Quoting 2+2=4ex
When in a trend, you will definitely win a few (at the least) if you make the trades after a retracement (dip or pullback)....
  • #1,734
  • Oct 7, 2009 12:08am Oct 7, 2009 12:08am
im here to trade mine

let us see you trade yours
  • #1,735
  • Oct 7, 2009 12:10am Oct 7, 2009 12:10am
Quoting trendchaser
i should say

i fully agree, but id like to ad that i use no indies

not even a ma to decide my trade
hi TC,

may i ask, how can you see the PA,i'm not able to see/forecast it without indi's,i like pure PA trading 'cuase indi's are often too late
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,736
  • Oct 7, 2009 12:14am Oct 7, 2009 12:14am
i am a coder, as a coder i get many jobs, many of which the customer tells me, theres many ppl on ff making a killing

i tell them, show me something

iv yet to see something

lets see something here
im posting my real trades, il post them as i go

i invite any and all to join in

especially some1 who can prove something

THIS IS A NO BULL AREAH
NO BULL ALLOWED
  • #1,737
  • Oct 7, 2009 12:16am Oct 7, 2009 12:16am
I like this, when I return (2 weeks), I will be apart of this.
Dr. C
  • #1,738
  • Oct 7, 2009 12:17am Oct 7, 2009 12:17am
only post if its real live trades


BTW,my trade is live,i'm very happy with this thread,so thanks for your idea,i dont like the other threads its full of illusions and no reality!
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,739
  • Oct 7, 2009 12:19am Oct 7, 2009 12:19am
THATS A GOOD QUESTION, THINK IL ANSWERE IT A LONG TIME

THE FIRST AND BEST ANSWERE IS

i trade on pure gut feeling
i trade towards the closest, most reliable , most nearest
s/r

open a chart now, look at it on h4 or greater tf
now i ask you, wheres it most likely to go

thats what i trade



Quoting sam69
hi TC,

may i ask, how can you see the PA,i'm not able to see/forecast it without indi's,i like pure PA trading 'cuase indi's are often too late
  • #1,740
  • Oct 7, 2009 12:21am Oct 7, 2009 12:21am
thats exactly what im sick of

threads without trades

if you cannot show ur trade, then why post

im with you man

Quoting sam69
only post if its real live trades


BTW,my trade is live,i'm very happy with this thread,so thanks for your idea,i dont like the other threads its full of illusions and no reality!
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