Pretty much sucks.
Broke the #1 and only rule that cannot be broken.
Never have a large loss. (% wise in comparison to my acct.)
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
I was looking @ the h4 and h1 chart thinking this was a good place to buy.
Looks nasty on m5.
Looks nasty on m5.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Re: ProchargedMopar's Trading Trilogy
Wouldn't it have been better to wait for a failure to break lower on the hourly before considering a long? Its descent seems relentless.
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Hmmmm
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Re: ProchargedMopar's Trading Trilogy
Bread and Butter
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Goonslinger wrote:Z-line?
I dont know.
I watched it as it formed.
Flashed in split second into a huge bullish candle.
I thought buyers were stepping in so reveresed and went long.
Then appeared to be someone taking profit as more sellers jumped in on the spike up.
Would have been a good day if not for that one wick.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Finally out of bed.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Goonslinger wrote:Wouldn't it have been better to wait for a failure to break lower on the hourly before considering a long? Its descent seems relentless.
All depends on your trading method and what you consider a "failure".
My first loss of $26 was a loss.
This can easily be recouped even with 2-4x SMALLER trade size.
(that trade size was too big considering how little distance the market moved to get to my order)
The next 3 losses were NOT according to any trading plan or lot size (risk) parameters that are acceptable.
Next.
I will easily "make it back" with 10 to 20 cent pips.
Even though there is no such thing as "making back".
What ever you are risking, you are risking. M.O.
What ever you have in your acct to make $$ is what you have to make $$. M.O. (paraphrased)
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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