Simple as 1-2-3

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prochargedmopar
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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 2:47 am

dojirock wrote:2017-09-21_2201_9.jpg

doji 8)


Well your stress was A+ approved this time around as we had a TL break, AO cross, S/R break, and a 123 Top. lol

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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 1:58 pm

The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Simple as 1-2-3

Postby judokamak » Fri Sep 22, 2017 2:07 pm

prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm


Filter=higher TF position/zline/s&d, leave the rest of them

As Doji says...you only need 2 TF max

just a suggestion....

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Re: Simple as 1-2-3

Postby dojirock » Fri Sep 22, 2017 2:21 pm

We dont trade the breakout without seeing the retest. That minimizes risk and keeps the SL small.
If trading the sma cross, you will still see the retest...Those are the great trades.

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 4:10 pm

judokamak wrote:
prochargedmopar wrote:The last two swings were classic 123 patterns.
After the prior 2-3 swings being sketchy giving doublw 123's before a move or giving a false 123 and then continuation I was very hesitant to trade these two.

Have to be a dang soothe sayer with crystal ball to know which ones to trade.

Or have some kind of MM system to overcome the 60+% loss rate one would encounter.

Hmmmmmm


Filter=higher TF position/zline/s&d, leave the rest of them

As Doji says...you only need 2 TF max

just a suggestion....


I spent years trying to trade the triple screen. Not gonna happen.
Higher TF is great for levels but then I do not honor my smaller tiimeframe SL because I'm actually trading the higher time frame.
I'm not one to accept being stopped 3x to get into the bigger move. I'd prefer to just wait in drawdown for the bigger move to take place.
Or trade only the smaller move but this always leaves me in the 1:1 or worse profit ratios.

Anyway.
There were a lot of decisions to be made in ONE week on an m15 chart using only ej.

#decisions.JPG
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#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Simple as 1-2-3

Postby judokamak » Fri Sep 22, 2017 5:13 pm

prochargedmopar wrote:I spent years trying to trade the triple screen. Not gonna happen.
Higher TF is great for levels but then I do not honor my smaller tiimeframe SL because I'm actually trading the higher time frame.
I'm not one to accept being stopped 3x to get into the bigger move. I'd prefer to just wait in drawdown for the bigger move to take place.
Or trade only the smaller move but this always leaves me in the 1:1 or worse profit ratios.

Anyway.
There were a lot of decisions to be made in ONE week on an m15 chart using only ej.

#decisions.JPG



I understand and can relate, i had identical problem. The issue here is not fear or greed, which are commonly mentioned in trading bussines, but PRIDE.
Pride brings the need "to be right", which means, trader will not take SL with ease. He wants to be right, period. I ve read somewhere, that the ability to take SL is the first thing one learnes in trading firm and i understand why. Beacuse it s the hardes thing to do. At least for me was.
Try to trick your mind in doing this on continuous basis, don t just accept that you can t, because you definitely can. It s a mind habbit and it can be removed as any habbit. With will power.

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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 8:14 pm

This to me is PERFECT market symmetry.

123 bottom, followed by a trend.
123 high, followed by a trend.

If continuously enganged in the market as Joe Ross teaches a loss would have had to be taken before the next string of winners.
So YES.

I can only be successful when my "losses cause me great laughter". MO

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Nothing from arrow to arrow said to buy.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Simple as 1-2-3

Postby MightyOne » Fri Sep 22, 2017 9:26 pm

prochargedmopar wrote:...
Nothing from arrow to arrow said to buy.


The chart is there, but what you are really trading is money.

+2 lines twice is +56.25% size and if I do hit a run where I make 16 lines then that is an extra 9 lines of profit.

Imagine targeting 20 pips but each time you reach it your broker credits you more pips than you have made:
+20, +25, +31, +39, +48, +61, +76, +95
Stacking: +395 pips
Not stacking: +160 pips
---------------------------
Difference: 235 pips (+11.75 trades winning trades)

Of the 395 pips you are risking 98.7 pips (your stop is not 98.7 pips, it is worth 98.7 pips) on one trade; that might seem like a lot but even if
you were to lose your next 2 trades you would still be up more money than the person who is not stacking.

I'm just risking lines and making lines; I do whatever I feel that I can get away with using acceptable levels of risk.

If the idea is based on H1- then more often than not I am going to 'exit too early'
If the idea is based on H4 then I am going to catch a nice run or if the idea is that of the daily+ then the pip gain will be epic.

All that I am saying is be smart without being too rigid.

Every trade is simply the risk weighed against the reward.

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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 10:24 pm

MightyOne wrote:
prochargedmopar wrote:...
Nothing from arrow to arrow said to buy.


The chart is there, but what you are really trading is money.

+2 lines twice is +56.25% size and if I do hit a run where I make 16 lines then that is an extra 9 lines of profit.

Imagine targeting 20 pips but each time you reach it your broker credits you more pips than you have made:
+20, +25, +31, +39, +48, +61, +76, +95
Stacking: +395 pips
Not stacking: +160 pips
---------------------------
Difference: 235 pips (+11.75 trades winning trades)

Of the 395 pips you are risking 98.7 pips (your stop is not 98.7 pips, it is worth 98.7 pips) on one trade; that might seem like a lot but even if
you were to lose your next 2 trades you would still be up more money than the person who is not stacking.

I'm just risking lines and making lines; I do whatever I feel that I can get away with using acceptable levels of risk.

If the idea is based on H1- then more often than not I am going to 'exit too early'
If the idea is based on H4 then I am going to catch a nice run or if the idea is that of the daily+ then the pip gain will be epic.

All that I am saying is be smart without being too rigid.

Every trade is simply the risk weighed against the reward.

EURJPYM15.png


This is why i said it was a PERFECT day in the market
(for me and what i see).
A close over something. Nope.

IMG_1965.JPG
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Joe Ross didnt teach that in any books that I know of.
So I'll give ya one for that. Kuddos.
Which Is also why I would assume your 2ma of the close is what you say to focus on.
Last edited by prochargedmopar on Fri Sep 22, 2017 10:32 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: Simple as 1-2-3

Postby prochargedmopar » Fri Sep 22, 2017 10:27 pm

2nd time through would be his closest concept.
Correct me if I'm wrong.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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