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newyear498 replied Nov 26, 2010wait as long as it takes.. your gonna need some patients.. if you have a few strong red candles on the 30M and whites on the 5M.. you might consider having a limit sell under the lows of the whites.. (since it might just be a retracement) so when ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 26, 2010human flaws and what Price really means — Also... I think if there is a good way to trade the market it is about finding out a flaw in the human behavior when it comes to trading and milk that flaw.. if anyone has a suggestion for some human ...
Thinking Outside the Box!?!
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newyear498 replied Nov 26, 201090% of traders lose money — This I think is the biggest lie out there.. I wish we could find the source of this comment. really so only 10% of traders are making money? maybe they ment 90% of new traders.. but how far do you consider a trader ...
Thinking Outside the Box!?!
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newyear498 replied Nov 26, 2010A different dimension — Ok, out of the box... I just dont understand how the hell we can trade the market based on our time.. the markets are in a whole new dimension.. you see the thing I trust most is high's and lows.. where it open and ...
Thinking Outside the Box!?!
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newyear498 replied Nov 26, 2010I don't think thats in the box.. the majority of people go for 1:1 or better in risk.. I know some go for high probability but its definitely not the majority of traders.. and most that go for high probability are still trading 1:1 or highly abandon ...
Thinking Outside the Box!?!
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newyear498 replied Nov 26, 2010hahaha! if you wanna make money in the markets buy right sell left damnit!
Thinking Outside the Box!?!
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newyear498 replied Nov 25, 2010I have always been told from the traders before me to always have a good risk to reward in trading.. like a 10 pip risk for a 20 pip win.. but I have been contemplating using high probability over that method.. I have had several ideas that looked ...
Thinking Outside the Box!?!
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Thinking Outside the Box!?!
Started Nov 25, 2010|Trading Discussion|658 replies
I would like to post a thread about thinking outside the box.. I mean honestly.. There must be ...
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newyear498 replied Nov 25, 2010whatfx, you are always looking at the last closed candle.. so the last closed candle for 30M is red.. look to last closed candle for 5M.. if its 11:24 look at the 5M candle thats closed etc. etc. how many candles to look back on? well I would look ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010I think I have given a good explanation on my indicators and already provided quite a bit of chart examples I am not used that ADX for this method so I know its on the chart but I ignore it. Even Jmag provided some examples of his own trades.. ...
Leading indicator & Scalping Method
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newyear498 replied Nov 25, 2010try to measure the last 5M range and go for half of that ranges pips take profit.. and usually what I do.. is once my trade is profitable but hasent hit my target is I start putting my stop loss at the high/low of the previous 1M candles.. (but I ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010I think you are referring to this...? now say the 30m candle is red. we look at the 5m candle. but that is not red but is white. so we cannot enter here right ? do we wait for the NEXT 5m candle and if that is red then we can enter ? but if that is ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010I did not wait for active 5M candle to close because the prevous 5M candle was weak.. it was weak because it had lower shaddow than the one before it.. so yeah I took the active candle because I saw price reversing direction. Keep in mind this trade ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010Live Trade — ok..in my last trade the 30M was weak so I scalped off the 5 minute.. going from left to right on the picture... notice how the last 5M HA closed candle was weaker and now active 5M is red also the 1M HA was red.. all the better.. ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010Some info ;-P — Ok, Let me help you out some.. see if a HA chart has a big green bar and the next bar closes with a lower upper shadow then the momentum is ending and you might not want to take those trades.. wait a minute for better ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010did you see post 26? see why its easy to spot trend? you could draw trend lines on your 30M's and 5M's and trade the same way.. its trading with the trend.. most people are trend traders.. I usually go with the trend myself.. sometimes I go against ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 25, 2010Yes I count wicks as part of the candles.. I am just looking at the range so yes wicks are important for the range.. theres no specific entry and exit.. like I said I use this method to find out which direction the trends are going and then I scalp ...
Easy Eyes (No Indicators) Simple Day Trading
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newyear498 replied Nov 24, 2010Yeah limit sell, limit buy that what I ment.. you know how I used the 10SEC in other post..
yeah I like how they look too.. its easier for my mind to see.. (oh were in an uptrend) without drawing trendlines or looking for candle patterns.. and ...Easy Eyes (No Indicators) Simple Day Trading