Jump to content

Oil-George

Members
  • Posts

    206
  • Joined

  • Last visited

  • Days Won

    7

Posts posted by Oil-George

  1. My Targets on Sym3 are 30t, Sym 5 50t. BE after 11T .

    Problem:

    If the Triangle pops up, then you can chose 3 Ways.

    1. in fast Markets Straight GoIn ad miss some Ticks (Price is some Ticks away from the Entry thanks to Symrenko)

    2. in slow Market you wait until the Price comes back to the Open of the Triangle-Bar, or

    3. the middle-Way. you wait until the Price comes back to the Close of the Tri-Bar (mostly he does)

     

    The Target and SL is every Time counted from the close of the Pull-In (Triangle-) bar.

     

    Hope, that helps

     

    OG

  2. My Intention was not to roil ya! Sorry, if that came over to ya.

    OK. Caliente had a bad Day. Maybe he didn´t noticed a quiet flat Magenta MA. And he lost money. And i see that as a knd of verbal-arround-punch against -whatever. I understand that.

    i was often in that Situation before i learned the 2 Parts of the Holy Grail.

     

    Yes -THE HOLY GRAIL OF TRADING EXISTS!!!

     

    Part1:

    Follow the Rules. You have about 5 to 10 Things that have come together (S/R, Breakout L/HVA, Dots, Zero-Line, TIME of Trading, aso...) As more, as better for one of the 3 Setups.

    BUT: You ´ll never have a 100%-System. (How new...) so:

     

    Part 2 and most important: Losing is Part of the Game. Never (N E V E R) trade without Risk Management. I learned it from Birger Schäfermeyer -a german Sef-Made-Millionaire.

    He just have to see NEARLY a Chance to se an Outbreak or Retest or something else to set arround this Place an order. The Rest is calculating. Where is the Target, where

    the Stop, therefore: how big is my Position.

     

    If the Account is to small: there are also solutions in the www.

     

    I am NOT the Follow-the-rules-super-master here. But as more i learnd to Trade what i see (even it can´t be that it goes long here because all my Cells in my Body say

    "SHOOOORT"!!!) and not what i hope or what my 15 Years experience says, as better where the Results.

     

    I have also my Problems:

    right this EU-Morning: normally my Stop is 15, target mostly 30 (except a Sym5-Setup, there it is 50). I had a good Setup on a Super Resistance -all well- but cutted my

    Stop from 15 down to 12. Surprise: i was stopped out to the Tick before the move started (would be a BE).

     

    I was the last Days in a Daytrading-Room where the Trader has called the Trades Live and real. Only to see, if or where the Setups are matching with J2 an -most important- to see, how he calculates the really wide Targets of 60 70 80 Ticks. The Setups didn´t match. But Mr. Love, the sympathik

    Trader had the same Problem:

    on one Day he traded against his own Rules, and tried to go short 5 Times, where all (his) Setups showed long.

    A blind man could see that! also the last Trade -i think it was the last- he says: "... ok it goes short here with thr Target XY! Then we have this Day Break even...!" That sounds lie a bloody Beginner.

    In Fact, he isn´t. The days before he made Tons of Ticks live and real (165 in 3 Dasy). So this man has also to fight with the psychology like all here and all out there.

     

    Except my Son: he was 9 Years old, and i showed him, how to trade one Setup of this System. After 1 Hour, he tried it. He was sitting 3 Hours made 2 Trades and 600 Bucks on Paper.

    As less you know, as better.

     

    So in Future i´ll post no more Qitz-Questions. Except it was a clear and funny Day. And then with black Chart. I know the Feeling of Caliente if someone comes to me and says :!...what a nice Day1 it was all so clear, and i

    made money..." after i burned down my account. Ohhh yes!! I can´t describe what there was going in in my Brain, Body and then in my Office! (if there is a Wall between you and the Target where the Laptop has to land, then a: the Laptop is destroyed, b: the wall has a big Slack, and the Rest of the Famaly is sitting BEHIND instead on the couch (just kidding with the couch, the rest was FACT). Turn off the Computer for 2 or 3 Days, come back, and take a Look, if

     

    YOU

     

    where right with your descisions,

     

    OR THE MARKET.

     

     

    Old and often spoken words, but sometimes is it good to be remembered!

     

    Hope, that helps,

    Oil-George

×
×
  • Create New...