ProchargedMopar's Trading Trilogy

[prochargedmopar]

Yen pairs are as sneaky as Joe Brandon.

Trade fast in off times of day.
See daily chart wick. (in direction of loss)

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[prochargedmopar]

Walking by and looking at chart just after the first break was dumb luck.

[prochargedmopar]

There was an add level:

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[prochargedmopar]

Still 10 pips from daily chart first target on down side.

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[aliassmith]

Still 10 pips from daily chart first target on down side.

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You made it to 3.5 lines. It must be easy
What is you accuracy going for 3.5 lines?
65%?
If you average 20 trades per month you'll have 40.5 lines gained and approximately 10.5 lines lost for a net of 35 lines.
If a line is .33% then you'll have about 11.5%.

30 trades is about 17% a month
40 trades is about 23% a month
60 trades is about 34% a month

Between 20 to 40 trades is probably ideal.
Risking .25% to .5% is reasonable IMO.
Unless you are using some OPM strategy.

The Holy Grail has been found good job. Don't go trading it for snake oil.

[prochargedmopar]

Still 10 pips from daily chart first target on down side.

#aj4.JPG

You made it to 3.5 lines. It must be easy
What is you accuracy going for 3.5 lines?
65%?
If you average 20 trades per month you'll have 40.5 lines gained and approximately 10.5 lines lost for a net of 35 lines.
If a line is .33% then you'll have about 11.5%.

30 trades is about 17% a month
40 trades is about 23% a month
60 trades is about 34% a month

Between 20 to 40 trades is probably ideal.
Risking .25% to .5% is reasonable IMO.
Unless you are using some OPM strategy.

The Holy Grail has been found good job. Don't go trading it for snake oil.

This week? LOL

1st "entry" went 1 line 4x on same trade.
2nd entry 4+ lines.
3rd entry an ACCIDENTAL 15 Lines.

That would NEVER happen without looking at the weekly/daily chart.
2nd daily target hit D1.

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[prochargedmopar]

There is no holy grail.
All that mumbo jumbo has been hashed over a million times. My head hurts and It doesn't make lines.

TP hit @ 3.5 lines: First LIVE trade of the week.

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[prochargedmopar]

Trades EU and AJ both buys.

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[prochargedmopar]

EU, 6 pips drawdown...

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[prochargedmopar]

This is where I WANT to enter.
2nd trade was perfect but I was NOT happy about that down bar, thought for a second it was gonna make another run lower. Tricky tricky.
The short would have finished a trading day in one fell swoop. (1,2 buckle my shoe setup but with ZL/Gap combo)

#aj1.JPG (79.7 KiB) Viewed 1079 times