ProchargedMopar's Trading Trilogy

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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Fri Oct 06, 2017 4:28 pm

prochargedmopar wrote:
Describe this is your fancy terms.
Price came within 7 pips of my tp
then turned back toward the direction of profit.

Now I'm sitting here holding a loss.

What say you?



Sht happens; Is that 'fancy' enough for you :lol:

I guess my questions are:
1. what is the smallest profit that you would take?
2. was that target reached?
3. if you decided to hold then why did you choose to hold everything?
4. would you go long if you were not already in the trade & if you would not then for what reason are you holding?

You get what you want by first taking what you need.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Oct 06, 2017 9:14 pm

MightyOne wrote:
prochargedmopar wrote:
Describe this is your fancy terms.
Price came within 7 pips of my tp
then turned back toward the direction of profit.

Now I'm sitting here holding a loss.

What say you?



Sht happens; Is that 'fancy' enough for you :lol:

I guess my questions are:
1. what is the smallest profit that you would take?
2. was that target reached?
3. if you decided to hold then why did you choose to hold everything?
4. would you go long if you were not already in the trade & if you would not then for what reason are you holding?

You get what you want by first taking what you need.



bahahah,
That works.

#1
7 more pips because I'm tired of being scared out of trades.
#2
Nope.
#3
I had my stop in place at a point where I was comfortable with losing it all.
#4
Yes, I always feel I would like to re-enter OR add to a trade that puts me in drawdown or nears my SL.
Better price to engage market but I've learned its not always the most profitable move to make.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Oct 07, 2017 8:57 pm

hmmmmmm



This world has losts its marbles.

#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Oct 07, 2017 11:16 pm

One dude fasted for 384 days.
We can do 16 to 23 hrs!!!!
EASY

#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: ProchargedMopar's Trading Trilogy

Postby MightyOne » Mon Oct 09, 2017 4:06 am

prochargedmopar wrote:One dude fasted for 384 days.
We can do 16 to 23 hrs!!!!
EASY

...


I've been eating so much pasta...
I think that next year I won't eat food :lol:

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 10, 2017 4:33 pm

MightyOne wrote:
prochargedmopar wrote:One dude fasted for 384 days.
We can do 16 to 23 hrs!!!!
EASY

...


I've been eating so much pasta...
I think that next year I won't eat food :lol:


I've been writing so many pages in my notebook...
I think that next year I WILL continue to be a FX loser. :lol:

Probabilities are about the same as you not eating for a year. :mrgreen:
#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: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 11, 2017 1:01 am

Hmmmm?

IMG_2266.JPG
IMG_2266.JPG (105 KiB) Viewed 163 times
#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: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 11, 2017 5:00 pm

I was reading an article on paracurve upon waking and got a different perspective on price being patterns and breakouts.

Steve said something to the effect that when he was a newbie trader back in 08 he had it all wrong.
Price moves TOward consolidations.

Everyone thinks that price wants to breakout or move toward extremes/pointy places.
Yeah, I still think of you sometimes Capt' and wonder how the whole Insanity group is doing.

Anyway.

#MovingTowardPatterns.JPG
#MovingTowardPatterns.JPG (50.39 KiB) Viewed 126 times


Price is always seeking a pattern?
Most say it's dangerous to trade inside a consolidation.
The dragon line is at the 50%. Fifty percent of what?
Bodies it would seem are consolidations and the wicks are the breakout. Hmmmm

Joe Ross calls the breakouts connectors.
An aberration.
So it would also appear that trading in a consolidation would be the highest of probabilities.

Damn big boys always accumulating and making bank when the breakout happens.

So,
find a pattern, Build a large position, Take profit on a big candle. (next consolidation)

I just thought it was unique to say PRICE MOVES TOWARD CONSOLIDATION.

Hmmmmmmm
#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: ProchargedMopar's Trading Trilogy

Postby LeMercenaire » Wed Oct 11, 2017 5:45 pm

prochargedmopar wrote:I was reading an article on paracurve upon waking and got a different perspective on price being patterns and breakouts.

Steve said something to the effect that when he was a newbie trader back in 08 he had it all wrong.
Price moves TOward consolidations.

Everyone thinks that price wants to breakout or move toward extremes/pointy places.
Yeah, I still think of you sometimes Capt' and wonder how the whole Insanity group is doing.

Anyway.

#MovingTowardPatterns.JPG

Price is always seeking a pattern?
Most say it's dangerous to trade inside a consolidation.
The dragon line is at the 50%. Fifty percent of what?
Bodies it would seem are consolidations and the wicks are the breakout. Hmmmm

Joe Ross calls the breakouts connectors.
An aberration.
So it would also appear that trading in a consolidation would be the highest of probabilities.

Damn big boys always accumulating and making bank when the breakout happens.

So,
find a pattern, Build a large position, Take profit on a big candle. (next consolidation)

I just thought it was unique to say PRICE MOVES TOWARD CONSOLIDATION.

Hmmmmmmm


''Bodies it would seem are consolidations and the wicks are the breakout. Hmmmm''
This would tie in to the concept of wicks being mini supply and demand zones, I guess.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 11, 2017 10:09 pm

Oops,
Lower level buy inside of a consolidation hit tp.
Now for another drop so i can scoop up some more before the run to another congestion area.

IMG_2277.JPG
IMG_2277.JPG (98.32 KiB) Viewed 88 times

IMG_2276.JPG
IMG_2276.JPG (140.07 KiB) Viewed 88 times
#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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