How to trade ranges by Jinhar - Pt1

I thought I just post what Jinhar taught us today on trading ranges. I've also highlighted the parts where it I think it's the most imoprtant lesson.

17:02:01 [Jinhar] anyways market is not movin
17:02:15 [Jinhar] Price to retest a range .
17:02:24 [Jinhar] Ma to confirm the move
17:02:33 [Jinhar] Indica to supprt my entri exit
17:02:47 [Jinhar] trend lines .. to evalu
17:02:53 [ericsatch] how do u use MA to confirm the moves?
17:03:11 [ericsatch] ahhh ok.
17:03:16 [ericsatch] for the direction.. is thar right?
17:03:25 [Jinhar] yeah
17:03:31 [ericsatch] ic
17:04:00 [ericsatch] nice. i got it
17:04:07 [Jinhar] da short we talkin abt .. was a perfect by using channels
17:04:08 [Jinhar] range
17:04:10 [Jinhar] stoch
17:04:11 [ericsatch] may just try trading ranges now in demo

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17:04:46 [Jinhar] I go long .. wen dey r movin down
17:04:47 [Jinhar] counter trend
17:04:49 [gtk] good point jinhar
17:04:59 [MrT] Hi Dan - Welcome
17:05:01 [Jinhar] Look at the channels
17:05:17 [Jinhar] It was at high
17:05:28 [Jinhar] High of the range .
17:05:35 [Jinhar] stoch at high
17:05:37 [ericsatch] the reverse is forming now jinhar is that right?
17:05:40 [Jinhar] prices cant break abv
17:05:46 [Jinhar] Its a no brainer short
17:06:04 [gtk] cool

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17:14:01 [ericsatch] do you get stopped out a lot? or u just keep trading knowing that the money management will make up for it?
17:14:52 [Jinhar] I get stopped out a lot
17:14:55 [Jinhar] i mean lot
17:15:12 [Jinhar] But dats fine .. i knw my style is to aggrsive.
17:15:22 [Jinhar] so i have to get used to it
17:15:24 [Jinhar] cant let it affect me
17:15:37 [Jinhar] i knw my right ones will tc of the rong.
17:15:41 [Jinhar] So doesnt matter
17:16:38 [Jinhar] i need .. 2000 rong trades .. to wipe my accnt .. need 20 right ones to double it
17:16:42 [rebuzz] re
17:16:46 [Jinhar] Do the math .. where will u put ur money ?

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17:18:41 [ericsatch] how do you do your money management jinhar? 2000 trades? so each trade risk is 0.005&?
17:18:42 [rebuzz] oh, sorry mate ?
17:18:57 [rebuzz] but i guess u made ur pips ?
17:19:01 [Jinhar] O ya
17:19:10 [Jinhar] did 1 percent prof on total accnt
17:19:15 [Jinhar] In da asian session
17:19:29 [Jinhar] Juz waitin for tradin again
17:19:41 [rebuzz] how many pips is that? u trading more conservative now?
17:19:49 [Jinhar] eric my sl gen in 20 pips 25 pips max ..
17:20:04 [Jinhar] but i close within 5-6 pips .. at da 1st signal dat i m rong
17:20:06 [ericsatch] ic that's mine too. and that's 0.05% of your account?
17:20:21 [Jinhar] i dont wait .. for price to hit my sl of 20 pips ..
17:20:46 [Jinhar] if i m rong i will close it .. wid -1 or 0 pips .. also .. Dont care if market goes in my favour or no
17:20:54 [Jinhar] 1st sign u get ur rong .. dat da exit point for me
17:21:04 [ericsatch] ic
17:21:11 [Jinhar] So in dis manner i will need more then 2000 trades to get my ass kiked ..
17:21:33 [ericsatch] i mean to ask, how much risk you put ni the 20pips SL if it does hit. -1% if it hits?
17:21:57 [rebuzz] and if its in plus jinhar? say 30-40 pips and ur target is say +80 and then u get a "bad feelin" do let the trade roll?
17:21:59 [Jinhar] I let the trade roll to max point
17:22:09 [Jinhar] If its in profit .. it should b alwwed to fly
17:22:25 [Jinhar] u cant . close it wid 10 20 pips of prof .. and den compllain u dont get any big movers
17:22:46 [rebuzz] do u put ur stop to breakeven then or let it be where it is at the beginnin?
17:22:46 [Jinhar] once trade is in profit .. Lock it in wid .. some pips profs .. and den let the price tell u wen to go outta trade
17:22:50 [gtk] yesterday, i took a range trade and closed it at 25 pips. checked it later and it hit the bottom of range at 93 pips.
17:23:05 [Jinhar] Gtk it will always hit the bottom
17:23:13 [gtk] just wanted to break even on the day
17:23:16 [Jinhar] u need to wait
17:23:22 [gtk] but you are right of course
17:23:22 [Jinhar] durin asian .. i missed 3 entries
17:23:33 [Jinhar] all of them moved more then 100 points
17:23:47 [Jinhar] i didnt enter dem coz i missed all of emm and der was no chance to enter
17:24:06 [gtk] bummer
17:24:07 [Jinhar] i knwd it wld go up .. but didnt matter i missed it and der was no clear entri point later.
17:24:12 [Jinhar] Doestn matter
17:24:12 [rodhuy] jinhar what pair are you trainding in asain session?
17:24:20 [Jinhar] i will get more in da evenin
17:24:36 [Jinhar] Imp thng is follow da rules .. to the last point
17:24:42 [Jinhar] dont .. go wid emotions
17:24:51 [Jinhar] emot wont .. make u pips
17:24:54 [Jinhar] rules will
17:25:06 [Jinhar] I mostli trade the yen pairs .. all the time