NEVER LOSE AGAIN!! TheRumpledOne

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Dec 5, 2008
45
6
18
Illinois
Greetings,

Weekly math, avg winner /avg loser * winning prob,- losing prob. Hopefully above .4
w/l =5 prob = .3 math = .8 = You write your own ticket anywhere with people lining up to pay you to trade.Problem being why trade for others,the reason Wall street has the worst traders.
cordially Ponce
 
Likes: Joey25

Joey25

Well-known member
Mar 30, 2005
872
236
53
Greetings,

Weekly math, avg winner /avg loser * winning prob,- losing prob. Hopefully above .4
w/l =5 prob = .3 math = .8 = You write your own ticket anywhere with people lining up to pay you to trade.Problem being why trade for others,the reason Wall street has the worst traders.
cordially Ponce
A gem.

Along with drawdown, the only thing a trader need worry about.
 
May 9, 2008
27
2
13
California
Made a couple of more trades today to close out the week. 5 trades today. A little to much per my preference. I used the H1 timeframe but in the pick used M30 so I could show the individual trades.

TOTALS: +51 -32 +33 +5 + 120 -20 +110 = 307 PIPS for the week.

Plus I left a lot pips after I go out of last trade. In these trades I decided to use -30pips mental stop loss since I had gained a good amount before.
(There are typo's on the image. The top entries are at 136.55 and exit at 136.88)
 
May 9, 2008
27
2
13
California
OH, I want to mention this. On two open trades WINDBLOZE took a dump, lucky I was ahead when that happened. Went to LINUX and problem solved.
I Will ad that to my list of do not trade:
1. If using windblows DO NOT TRADE

LOL
:)
 
May 9, 2008
27
2
13
California
1st trade of the week. GBPJPY on the H1 using the TRO FIB DYNAMIC SR and the MultiCandle with the SP_openline.

In a way I was already bias since last Friday. What I saw last Friday was that the GBPJPY pair was moving up. So I figured that the buyers were in control. I placed the TRO DYN FIB SR and I saw that there was a resistance around 170.05 or so (red dots). At that moment H1 and D1 were Green and I saw that it was nearing the 170.00 (pyscho Horizontal lines) and decided to place a long entry at 169.67. This time since I was already bias LONG I didn't check H1 range (which was ok) and the spread (varied from 5 - 11 pips). As I saw it the buyers were in control.

Once I was in the trade the long green candle took me up around +70 and decided to hang around. I was willing to let it drop to +20pips and call it a trade but it kept going up. Once it broker thru 100pips I waiting to see if it would pop up again and it didn't. There was a stall around +108 pips and so I closed the trade as it dropped to +105 pips

When I saw the new hour I saw the reaction of the candle (Short) and was tempted to take it, but I had already reached my 100pip day limit so NO TRADE.