ProchargedMopar's Trading Trilogy

[prochargedmopar]

I ended up closing the above trade for +22.3
Still not a good R/R as I was -26 at one point......
I consider that an H4 z-line ish trade.....did not hold for 1/2 momentum of previous H4 candle though.....I'll watch and see if it developes.
Gotta trust what I see.
I did grab a quick 9.x pips with the live account when it broke.....No drawdown what so ever on that trade.......follow the demo.
hehehehe

[Patch]

prochargedmopar

Hey, how are you doing today?

Wondering how to pivots work and assist you in the course of your trading?

My son's mom in law flew out to Houston last week and took our grandson on the plane and had a job interview. Now she it selling her house and moving to Houston too. Josh is back east, gave notice and will work for 30 days, then he is off to Houston too.

Patch
In VA

[prochargedmopar]

Wow, gonna be a bunch of Texans eh?

Not to good trading wise.

+39 on demo for 3 trades.

+0.1 live. Played around with $1 pips as the market was sloooooooow when I finally got home from work. Market was not breaking out or reversing unless you were looking at smaller time frames.

Was really perfect for scalping if I would have picked one currency and just went in the direction of 15m or 30m trend.

I'm reading and studying up on VSA.
Sounds good.

The Why.
The When.
And the Where.........Of price action.
I'm liking it.

Big boys selling on up bars and buying on down bars.
Interesting, now we are on to something.

Today's trades:
I upped my stop for the longer term trades and should have lowered it for scalping.....I've got to get used to closing when I'm at my limit though so It can be all mental. Only a catastrophic S/L.
I wasted 26 pips on the one trade because I had a chance to close the two entries out at -3.x twice.

13132441 EUR/JPY 10 B 134.200 134.266 6.6 6.98 0.00 7/20/2009 10:48 7/20/2009 10:48
13131572 EUR/JPY 10 B 134.280 134.308 2.8 2.96 0.00 7/20/2009 10:31 7/20/2009 10:36
13131900 EUR/JPY 10 B 134.205 134.308 10.3 10.89 0.00 7/20/2009 10:35 7/20/2009 10:36
13131653 EUR/JPY 10 B 134.255 134.308 5.3 5.60 0.00 7/20/2009 10:32 7/20/2009 10:36
13131575 EUR/JPY 10 B 134.288 134.308 2 2.12 0.00 7/20/2009 10:31 7/20/2009 10:36
13131527 EUR/JPY 10 B 134.383 134.263 -12 -12.70 0.00 7/20/2009 10:29 7/20/2009 10:31
13131404 EUR/JPY 10 B 134.472 134.303 -16.9 -17.88 0.00 7/20/2009 10:24 7/20/2009 10:31
13130849 EUR/USD 10 S 1.42104 1.42100 0.4 0.40 0.00 7/20/2009 10:10 7/20/2009 10:11
13130410 EUR/USD 10 B 1.42212 1.42249 3.7 3.70 0.00 7/20/2009 10:00 7/20/2009 10:00
13130117 EUR/USD 10 B 1.42270 1.42249 -2.1 -2.10 0.00 7/20/2009 09:52 7/20/2009 10:00
13129063 EUR/USD 10 S 1.42265 1.42361 -9.6 -9.60 0.00 7/20/2009 09:28 7/20/2009 09:31
13117338 EUR/JPY 10 B 134.094 134.190 9.6 10.14 0.00 7/20/2009 02:00 7/20/2009 02:01
Total 120 0.1 0.51 0.00

[prochargedmopar]

Some more lessons......for noobs like me.
I was watching this setup on e/u during london and then early NY.
momo, wick, and then.....'i went short during a pulback instead of going long on retraces with the trend and momentum.
Look at the -66.
Suppose to be long trades only I suspect.

At least until things get crazy like they did...... only -16 now.
Profit taking or selling on weakness I surmize after the big break up....??
27 hrs of consolidation before a break of channel...
Accumulation/distribution eh?

I'm gonna figure those dudes out, and when I do I'm gonna be snickering all the way to their banks.......kickin back in my easy chair, just like they are!!!!
And, laughing my butt off at the sheeples...(me).

[prochargedmopar]

Here are my live trades for london and NY.

+7.5,
I've gone forward in my knowing and backward in my actual performance of making pips. (I've read that happens)

No matter.
I'm getting very sick of this crud.
Both mentally and physically.
It seems so simple.

I remmember the battle cry of Albert Beckles a 56 yo bobybuilder from the 80's......
Consistent and persistent effort ........NEVER GIVE UP!

13158398 EUR/USD 10 B 1.42405 1.42400 -0.5 -0.50 0.00 7/21/2009 09:57 7/21/2009 09:58
13157027 EUR/USD 10 S 1.42680 1.42661 1.9 1.90 0.00 7/21/2009 09:32 7/21/2009 09:32
13153923 EUR/USD 10 B 1.42285 1.42366 8.1 8.10 0.00 7/21/2009 08:18 7/21/2009 08:25
13153791 EUR/USD 10 B 1.42231 1.42222 -0.9 -0.90 0.00 7/21/2009 08:09 7/21/2009 08:14
13153635 EUR/USD 10 B 1.42281 1.42235 -4.6 -4.60 0.00 7/21/2009 08:00 7/21/2009 08:05
13150593 EUR/JPY 1 B 133.930 133.933 0.3 0.03 0.00 7/21/2009 05:31 7/21/2009 05:32
13147345 EUR/JPY 10 B 133.420 133.452 3.2 3.40 0.00 7/21/2009 02:34 7/21/2009 02:37
Total 61 7.5 7.43 0.00

[MightyOne]

Some more lessons......for noobs like me.
I was watching this setup on e/u during london and then early NY.
momo, wick, and then.....'i went short during a pulback instead of going long on retraces with the trend and momentum.
Look at the -66.
Suppose to be long trades only I suspect.

At least until things get crazy like they did...... only -16 now.
Profit taking or selling on weakness I surmize after the big break up....??
27 hrs of consolidation before a break of channel...
Accumulation/distribution eh?

I'm gonna figure those dudes out, and when I do I'm gonna be snickering all the way to their banks.......kickin back in my easy chair, just like they are!!!!
And, laughing my butt off at the sheeples...(me).

Body in the direction of profit

Wick in the direction of loss

Current candle is illusion

Sound familiar?

What about this one:

Every profitable trade has momentum which carries it into profit.

(naturally I am not talking about +3.8p as being a profitable trade as the EV is likely negative)

If you want to make money then you have to stop playing around

Placing a trade "just to see what happens" teaches you nothing

Either you see how the money is going to flow into your account or you do not.

Either you know how to act on an opportunity or you do not.

BE-DO-HAVE it is that simple

BE: I already know how to trade

DO: I know that I must hold for as much profit as I can if I am to overcome my losses

Have: It is only natural that all monies come to me

[prochargedmopar]

MightyOne.
Very descriptive and to the point.
Thx.

This is why we should not "panic" when trading.
That -66.x trade from above has turned into a +8.
It was actually +40 while I slept.
Now it is a momo/Z-line trade short using H1 time frame as refference.
Hmmmmm
The best entry would have been 4206 8 hrs ago when it was really a momo off the big run up.
See 2nd pic for what I'm talking about.
It would have netted a max of 46 pips.
Delicious.
Lower low/lower high.
I'll hold this one a third time....
Same trade, cracks me up!!!!!!

[prochargedmopar]

Making progress:

[prochargedmopar]

It's just nutty how the EXACT same entry can be a catastropy at one time draining yoiur account and then 5hrs hrs later your a genius. Then 8 hrs after that your a genius again.
I guess 66% genius rate ain't bad if your stop is 15 and your tp is 30.....
Not sure if this one will go that far, I'll have to check the higher time frame for a ZL line target.......



E/J is banking for someone too.
Double your pleasure, double your fun.

[prochargedmopar]

Daily doesn't look to bad except for the fact that the candle I'm riding is the Illusion, and could close green when it goes up to re-test the spinning top.
There is momo long on bar 2.
Ouch.



Weekly, I'm trading momo in the wrong direction.