ProchargedMopar's Trading Trilogy

prochargedmopar · Post by **prochargedmopar** » Sun May 16, 2010 5:20 pm

#3 is the hardest to explain but the EASIEST TO SEE.

Open a chart, any chart, doesn't matter.
Look at that chart.
Where did price turn/bounce/pause, ect..??

If it is NOT totally visible to you CLEARLY and the rest of the planet that's NOT it.

In reality ALL a person needs is Rule #3.
That's it, no fancy rules like highs/lows/Range/ Pips from here, pips to there, Daily, Hourly, indicators.......NOTHING like that.

Pro's 2 rule trading system.

1. Wait for price to move to a sup/res level.

2. Take a trade in the direction of the market flow( ASK YOUR 8 YR OLD CHILD TO TELL YOU WHICH WAY PRICE IS MOVING)

TAKE ALL YOU CAN GIVE NOTHING BACK......LOL

If the kid can't tell you, close the trading station.
If you can't see a CLEAR level, WAIT.

Never looked at this chart before. (Is mxn the peso?)
Where were the trades?
What do we do now?

Post by **TheRumpledOne** » Sun May 16, 2010 7:17 pm

MXN = Mexican Peso

prochargedmopar · Post by **prochargedmopar** » Mon May 17, 2010 7:53 am

Sample:

"2 rules trade"

prochargedmopar · Post by **prochargedmopar** » Mon May 17, 2010 10:09 am

PRO'S 2 RULE TRADING SYSTEM WORKING LIKE A CHARM!!!

See support?
See Market flow?
See Pips?

prochargedmopar · Post by **prochargedmopar** » Mon May 17, 2010 11:47 pm

I posted this above my desk last year not to long after starting my pippin' career.
Minor adjustment has been made.

Doh.

tmanbone · Post by **tmanbone** » Tue May 18, 2010 12:03 am

prochargedmopar wrote:I posted this above my desk last year not to long after starting my pippin' career.
Minor adjustment has been made.

Doh.

And for each one that passes, the next one seems to pass a little quicker. Don't miss Dragon's post, today, in the z line thread, IMO it's the best summary, of what he does, that I've seen.

prochargedmopar · Post by **prochargedmopar** » Tue May 18, 2010 1:44 am

Level of interest.

prochargedmopar · Post by **prochargedmopar** » Wed May 19, 2010 3:43 pm

Blew another account, basically
see below for p/l

I got some + on mbtrading (+30) and also a +60 on fxcm......
poor fxdd, it's getting KILLED.
Hmmmmm, maybe I should follow the rules???

Not pretty.

prochargedmopar · Post by **prochargedmopar** » Thu May 20, 2010 5:26 pm

First long I saw 100ish and took 78ish.

This long here I saw 154, will hold for 120 pip stop or a few hundred.

WAIT for a trade that suites your fancy?

LOL

prochargedmopar · Post by **prochargedmopar** » Thu May 20, 2010 5:28 pm

BTW, last time that bad boy dropped 800+ I blew an account....
NOT today.

Was back to only $30 lost yesterday.
B/E ish today.......had to use a little hedging to get out of bad situation but good practice.

Nice to know I can buy, buy , buy when market is tanking and still get out alive.