ProchargedMopar's Trading Trilogy

[prochargedmopar]

Jan, 8th 2009.

Mightyone wrote:

It is a small loss because I DO NOT let price move to my SL orders.

Do I need a SL of that size?

No, it is a MAXIMUM SL calculation that is best used for targeting gains of 0.5 to 1.

If the Avrg. is 14.85 pips and price has to move at least 8 pip to reach your price then chances are you are not going to stopped when using a 14.8 pip stop.

Don't play follow the leader

Do whatever you feel comfortable doing.

[prochargedmopar]

Ride, Ride, Ride, let it ride!!!!

+93.x...

It's amazing what happens when you look at candles bigger than 14 pips in length.

[prochargedmopar]

Z-lines revisited:

Doesn't "shouting" usually end with a fall?
I went long at the price box, BTW.



Look how the Z-line aligns to 50% of D1 momo candle?
Interesting.



Watch fo any wicks into M.O.'s "BLACK BOX" above ZL.

[prochargedmopar]

Questions, questions.....

[prochargedmopar]

I can hear es/pip snickering in my ear....

"take your profit or I will take it from you"...+130

[prochargedmopar]

If we could only make it 200 more pips to the white line.....!!
Come on tv, we need some good news to come out so we can get this bad boy up into supply.

Successful traders are not afraid to buy high and sell low. So I read.

[es/pip]

not sure what time frame you are trading but this is what i would be looking at on the h1

[prochargedmopar]

psychological hurdles abound in trading.

I exited the trade at +124 BUT because I spent all that time hoping price would move up it was not so easy to put a stop and reverse order at the 95 level. It would have almost Immediately gave opportunity to bank 20 and then let the rest run until strength or long entry came back in.
Maybe use one of platforms with hedging abilities??

SIGH*

[prochargedmopar]

Analyzing the market is piece of cake.
See Sig.
I understood all this last year and spent all this time trying to make a million in one scalp.

Doh.

LIVES gives me a whole new perspective!!!!

[prochargedmopar]

not sure what time frame you are trading but this is what i would be looking at on the h1

It looks as though we see the market pretty close to the same way.
Difference, you have discipline, I have a dream.

Nice digital pic you have there.