ProchargedMopar's Trading Trilogy

[prochargedmopar]

+3.5 pips today.
Outa time, gotta go.
Here is what I traded.
Look at all those pips in this chart.
Same stuff, different day.

11732059 EUR/JPY 20 S 136.203 136.200 0.3 0.63 0.00 6/3/2009 22:00 6/3/2009 22:01
11730731 EUR/JPY 20 B 136.395 136.413 1.8 3.74 0.00 6/3/2009 21:06 6/3/2009 21:07
11729389 EUR/JPY 20 B 136.294 136.318 2.4 4.99 0.00 6/3/2009 20:18 6/3/2009 20:19
11728673 EUR/JPY 20 B 135.788 135.810 2.2 4.58 0.00 6/3/2009 20:00 6/3/2009 20:02
11728275 EUR/JPY 20 S 135.975 135.880 9.5 19.80 0.00 6/3/2009 19:35 6/3/2009 19:41
11728137 EUR/JPY 20 B 136.089 135.987 -10.2 -21.23 0.00 6/3/2009 19:23 6/3/2009 19:33
11727938 EUR/JPY 20 B 136.062 136.037 -2.5 -5.21 0.00 6/3/2009 19:14 6/3/2009 19:17
Total 140 3.5 7.30 0.00

[prochargedmopar]

MightyOne trend info:

Every thing that you need is in the candles:

2 x 2 METHOD:

3 time frames: small, med, large

Pay attn to the BODIES and disregard the wicks

When a candle closes and THE BODY overlaps the prev candle then you are range bound.

When a candle closes and there is NO OVERLAP then you are in a TREND.

The longer the body that closed with NO OVERLAP the stronger the TREND

The greater the time frame the more value is given to the trend direction.

[Gyro_1]

pierre23
Where did you get ~19pip range from? Shows around 5 on a range indicator I chucked on the chart
*********
I think each candles length (range) is 19 pips once it gets
a range of 19 it draws a new candle
no time frame almost similar to point and figure
Gyro

[pierre23]

ahh ok. I didnt know that was possible

[prochargedmopar]

2 trades, -21.1ish.
Well, 35 days to my goal.
Add one. LOL

11774722 EUR/USD 20 S 1.41692 1.41801 -10.9 -21.80 0.00 6/4/2009 19:19 6/4/2009 19:37
11774724 EUR/JPY 20 S 136.933 137.035 -10.2 -21.10 0.00 6/4/2009 19:19 6/4/2009 19:20
Total 40 -21.1 -42.90 0.00

[prochargedmopar]

Little better london and NFP.
Bailed on all early.
+20
Back to 34 days.

11796733 EUR/JPY 20 B 138.230 138.278 4.8 9.79 0.00 6/5/2009 09:03 6/5/2009 09:03
11795963 EUR/JPY 20 S 138.091 138.039 5.2 10.63 0.00 6/5/2009 08:58 6/5/2009 08:58
11793538 EUR/JPY 20 B 138.940 138.973 3.3 6.76 0.00 6/5/2009 08:40 6/5/2009 08:40
11793111 EUR/JPY 20 S 138.902 138.885 1.7 3.49 0.00 6/5/2009 08:37 6/5/2009 08:37
11784688 EUR/JPY 20 B 137.412 137.426 1.4 2.90 0.00 6/5/2009 03:26 6/5/2009 03:29
11784266 EUR/JPY 20 B 137.405 137.466 6.1 12.62 0.00 6/5/2009 03:12 6/5/2009 03:20
11783897 EUR/JPY 20 B 137.410 137.385 -2.5 -5.18 0.00 6/5/2009 03:05 6/5/2009 03:12
Total 180 20.0 40.00

News trading chart:

[prochargedmopar]

M.O.
How do you draw boxes on your chart?
I'm using MT4 and FXCM's trade station.
I'd like to take a look at mimicking your "training" technique.


Razor,
Are you using sema settings for the M15 candles, ie. 5,13,34, or are you changing them to match the H1 sema's by using
20,52, and 136
on a M15 chart??

[prochargedmopar]

Razor,
Can you Imagine if this 3,1,1 actually held and bounced off the support line?
Whew,
That would be a doozy.

The H1 bars look a little to big for a retrace yet.

[prochargedmopar]

See the most recent 311 on this chart?
LOL
Nobody in there right mind would have taken it before news.
LOL
It's building one now though.

[prochargedmopar]

Hey, look at the H1 chart.
I'm up 3 pips with a 5 pip spread.
Oh my what a 50% retrace of the H4 candle would do for my account.
To bad it's a demo trade.

Update:
Up 12 now.
I'm holding this bad boy over the weekend.
I've got a 35 pip stop which puts it about 10 below the support dots.
100pip TP might be a little overzealous being that would put it at the 4100 line.
Aren't these currencies suppose to start trending down.
This chart looks to be doing that already.
Going for 100 against the grain on a retrace might be pushing it.
H4 chart still looks upish.
D1 chart looks like it could push a new low. And my stop.
Ever trade the 3,1,1 on a D1 chart????????