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  • #7,001
  • Oct 12, 2012 8:12am Oct 12, 2012 8:12am
Out @ BE after 8 hours and 35 pips reached

have a good w/e
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Don't give up
  • #7,002
  • Oct 12, 2012 3:29pm Oct 12, 2012 3:29pm
Hi geomink. I took a sell first and then a second buy trade. I work off a 1min chart. The initial direction was a sell which did go 2 pips yes? I am hoping you did the same or what am I doing wrong?
Ah, I am talking about the LO not the NY- I missed the NY (not good )
Having a brain strain morning but, can I ask, do you enter on the INITIAL direction even if it doesn't go 2 pips straight away or do you enter on whichever direction reaches 2 pips first, even if it isn't the initial direction?
  • #7,003
  • Oct 13, 2012 6:52am Oct 13, 2012 6:52am
I like trades that have a 2 pip stop - so i will come on board and see how long it takes to grab a runner.

This is a link to a great tick chart from a great trader:

http://www.forexfactory.com/showthread.php?t=287284

the tick chart only starts to generate once you have your chart open, but it is great that you can have a decent size tick chart open rather than relying on time bars or the small offerings standard on mt4.

See u at the opens guys.
Enter Signature
  • #7,004
  • Oct 15, 2012 7:22pm Oct 15, 2012 7:22pm
Guys we are screwed, I have learned that there is a magic wizard of the name of Douckshtzer that threw a malicious spell on the opens meaning we will never ever encounter an epic win anymore in our lives. U must abandon right now sorry.
Invest in alarm clocks
  • #7,005
  • Oct 15, 2012 8:48pm Oct 15, 2012 8:48pm
Quoting Tony112
Guys we are screwed, I have learned that there is a magic wizard of the name of Douckshtzer that threw a malicious spell on the opens meaning we will never ever encounter an epic win anymore in our lives. U must abandon right now sorry.
Never!
Whether you can or you can't, you are both right.
  • #7,006
  • Oct 15, 2012 10:15pm Oct 15, 2012 10:15pm
Quoting Tony112
Guys we are screwed, I have learned that there is a magic wizard of the name of Douckshtzer that threw a malicious spell on the opens meaning we will never ever encounter an epic win anymore in our lives. U must abandon right now sorry.
talk about unexpected news, Tony...
didn't see that coming!
  • #7,007
  • Oct 15, 2012 11:54pm Oct 15, 2012 11:54pm
Why the sudden negativity?
Whether you can or you can't, you are both right.
  • #7,008
  • Oct 15, 2012 11:59pm Oct 15, 2012 11:59pm
Quoting fartist
Why the sudden negativity?
Have a look at your account balance if you are trading this strategy.

There you will find the answer.
  • #7,009
  • Oct 16, 2012 12:08am Oct 16, 2012 12:08am
Quoting Fizzerr
Have a look at your account balance if you are trading this strategy.

There you will find the answer.
I had close to 20 losses in row now.

Nice LO btw.
Whether you can or you can't, you are both right.
  • #7,010
  • Oct 16, 2012 12:12am Oct 16, 2012 12:12am
LO BE, see you at NY.
Whether you can or you can't, you are both right.
  • #7,011
  • Oct 16, 2012 12:20am Oct 16, 2012 12:20am
Quoting Fizzerr
Have a look at your account balance if you are trading this strategy.

There you will find the answer.
I insist: this is the crucial point:

http://www.forexfactory.com/showthre...64#post6085364

I think is better starting to learn seriously the price action at high timframes.......
Don't give up
  • #7,012
  • Oct 16, 2012 12:22am Oct 16, 2012 12:22am
Quoting fartist
I had close to 20 losses in row now.

Nice LO btw.
it doesn't matter when the winner trade comes, if you burned the account before it happens
Don't give up
  • #7,013
  • Oct 16, 2012 12:29am Oct 16, 2012 12:29am
Quoting geomink
it doesn't matter when the winner trade comes, if you burned the account before it happens
That's why you risk an appropriate amount and refund weekly.
Whether you can or you can't, you are both right.
  • #7,014
  • Oct 16, 2012 12:46am Oct 16, 2012 12:46am
Quoting fartist
That's why you risk an appropriate amount and refund weekly.
yes, but in this way I could refund much more than I win
Don't give up
  • #7,015
  • Oct 16, 2012 12:53am Oct 16, 2012 12:53am
Quoting fartist
That's why you risk an appropriate amount and refund weekly.
I think there is a misconception going around that refunding your account on a weekly basis means the strategy is not losing any money!

Any newbie trading this would be crazy to be betting big until they have a few wins under their belt. So if you are trading small amounts, no refund is required. Just look at the account balance and ask yourself if trading this strategy is going to make money in the long run.

I think even Tony is starting to have doubts.
  • #7,016
  • Oct 16, 2012 1:33am Oct 16, 2012 1:33am
Ok folks. Then I wish you guys in finding a profitable strategy.
Whether you can or you can't, you are both right.
  • #7,017
  • Oct 16, 2012 3:02am Oct 16, 2012 3:02am
Quoting fartist
Ok folks. Then I wish you guys in finding a profitable strategy.
I think an epic win is around the corner, you know it is always darkest before the sunrise...
  • #7,018
  • Oct 16, 2012 6:53am Oct 16, 2012 6:53am
What tony said was a joke..."ironic", got it ??
  • #7,019
  • Oct 16, 2012 7:13am Oct 16, 2012 7:13am
Quoting JackintheBox
What tony said was a joke..."ironic", got it ??
I'd prefer be much serios about this kind of things
Don't give up
  • #7,020
  • Oct 16, 2012 7:19am Oct 16, 2012 7:19am
Lol epic win is just around the corner
Invest in alarm clocks
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