If I feel the market is going to go higher I must calculate my SL and engage the market Immediately.
Where I enter is irrelevant.
As the market moves In my favor I must continually search for areas that I can trail my SL behind by increasing my lot size.
Being IN the market and increasing my lot size is ALL that matters.
P.S.
That 4 hrs extra sleep felt great
What day is it again?
LOL
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
Last edited by prochargedmopar on Thu Jun 18, 2015 4:34 pm, edited 1 time in total.
#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
#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
Hmmmmmmmmm
EDIT:
I will move my stop along the way as the H4 allows.
EDIT:
I will move my stop along the way as the H4 allows.
Last edited by prochargedmopar on Thu Jun 18, 2015 5:06 pm, edited 1 time in total.
#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
MightyOne wrote:Why is it ... I continue to enter buys on pairs that are clearly in downtrends.
Probably the same reason why people don't take profit at extreme prices.
Everyone knows that there is only one lowest low ... but it could be this one!
After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.
Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods
BTW, check out this beautiful inner channel:
What kind of technical wizardry are you talking about??!?
Huh?
This seems legit
Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods MightyOne
Last edited by prochargedmopar on Thu Jun 18, 2015 4:51 pm, edited 1 time in total.
#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
prochargedmopar wrote:MightyOne wrote:Why is it ... I continue to enter buys on pairs that are clearly in downtrends.
After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.
In other words a
123,RH
#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 present to you,
FUN.
I need to revisit WHY I am here:
To Make $$
FUN.
I need to revisit WHY I am here:
To Make $$
#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
MightyOne wrote:Why is it ... I continue to enter buys on pairs that are clearly in downtrends.
Probably the same reason why people don't take profit at extreme prices.
Everyone knows that there is only one lowest low ... but it could be this one!
After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.
Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods
BTW, check out this beautiful inner channel:
Let me simplify this technical analysis thing with a nursery rhyme.
#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
Now we are back in the game.
#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
Here was the short "confirmation".
Im waiting for the 2nd failure to go lower and I will then move my SL up to just below the lows.
123-1 is in place.
Need #2
Im waiting for the 2nd failure to go lower and I will then move my SL up to just below the lows.
123-1 is in place.
Need #2
#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
prochargedmopar wrote:Here was the short "confirmation".
Im waiting for the 2nd failure to go lower and I will then move my SL up to just below the lows.
123-1 is in place.
Need #2
I guess there was a micro double failure (2 bar pattern) to go higher after the #3 shown on the chart. But I'll stick with full on swings.
Not that Im not willing to get in early or anything. LOL
#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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