ProchargedMopar's Trading Trilogy

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MightyOne
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Postby MightyOne » Thu Oct 08, 2009 5:16 pm

prochargedmopar wrote:Why does this crap look so easy after the fact?
What the .... am I missing?

I'm growing more and more ANGRY each day.

Yeah, I WAITED. Watch hundreds of pips float in front of my eyes....hundreds upon hundreds.

I then enter.
The pissers went directly to my stop.
Yes, it was exactly the same triggers that I watched be successful over and over and over.

-14 and -14


You know what.....both the damn things ended up banking pips.
I got back in e/u (at a worse price mind you, and g/u I couldn't get close to my exit price) at double lot value and closed it out in 4 steps.

Then I fiddle around with a few trades that I don't get what I should.....I decide to hold to my stop, again......what do you know, the very next trade gets wacked!!! And I get a -2.3 trying to close it the wrong way.

FINALLY.
Get a trigger on g/u and scale out of it for some pips.

I was long E/U on one that went 14-5m frickin candles in a row with ONLY 2 reds mixed in. That's 65 pip rise....Scaling out I got 13 pips total...

#12
EUR/USD 1 S 1.47788 1.47744 4.4 0.44 0.00 10/8/2009 11:55 10/8/2009 12:05
#11
GBP/JPY 1 S 142.224 142.258 -3.4 -0.38 0.00 10/8/2009 11:55 10/8/2009 12:05
#10
GBP/USD 3 S 1.60931 1.60920 1.1 0.33 0.00 10/8/2009 11:43 10/8/2009 11:43
#9
Scaled into this one.....
GBP/USD 1 B 1.60989 1.61091 10.2 1.02 0.00 10/8/2009 11:19 10/8/2009 11:31
GBP/USD 1 B 1.60989 1.61040 5.1 0.51 0.00 10/8/2009 11:19 10/8/2009 11:30
GBP/USD 3 B 1.60989 1.61085 9.6 2.88 0.00 10/8/2009 11:19 10/8/2009 11:29
GBP/USD 1 B 1.60989 1.61085 9.6 0.96 0.00 10/8/2009 11:19 10/8/2009 11:29
#8
GBP/USD 3 S 1.60966 1.60989 -2.3 -0.69 0.00 10/8/2009 11:19 10/8/2009 11:19
GBP/USD 3 S 1.60842 1.60979 -13.7 -4.11 0.00 10/8/2009 11:15 10/8/2009 11:19
#7
EUR/USD 1 B 1.47359 1.47474 11.5 1.15 0.00 10/8/2009 10:15 10/8/2009 10:28
EUR/USD 1 B 1.47359 1.47395 3.6 0.36 0.00 10/8/2009 10:15 10/8/2009 10:26
EUR/USD 4 B 1.47359 1.47379 2 0.80 0.00 10/8/2009 10:15 10/8/2009 10:25
#6
EUR/USD 6 B 1.47289 1.47390 10.1 6.06 0.00 10/8/2009 10:10 10/8/2009 10:23
#5
EUR/USD 3 B 1.47407 1.47260 -14.7 -4.41 0.00 10/8/2009 10:00 10/8/2009 10:03
#4
GBP/USD 3 B 1.60632 1.60491 -14.1 -4.23 0.00 10/8/2009 10:00 10/8/2009 10:03
#3
EUR/USD 3 B 1.47417 1.47420 0.3 0.09 0.00 10/8/2009 09:42 10/8/2009 09:45
#2
EUR/JPY 2 B 130.532 130.571 3.9 0.88 0.00 10/8/2009 08:35 10/8/2009 08:36
#1
EUR/JPY 4 B 130.422 130.408 -1.4 -0.63 0.00 10/8/2009 07:53 10/8/2009 08:00
44 21.8 1.03 0.00


I made 61.5 pips on demo in 4 trades during London session.
3-1

PROFIT GAP!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!


If trading is not just as easy before the trade as it is after the trade then you do not have a solid plan of attack.

Even being discretionary, after comparing new information to the past, there is only one solution that I can trade.

Analysis is supposed to point you in the right direction and the right direction only has one arrow.

A solid plan of attack contains an exit strategy that makes sense when you look at the risk vs reward ratio or a strong technical reason that you are wrong (not the small jiggle of orders being filled).

You cannot protect open profit and expect to make a lot of money; either take a profit or take a loss.

You have to understand that you will be alright if you lose, but you will not be alright if you do not let your self win.

Success is a waiting game:

WAIT, take a trade, WAIT, reduce risk, WAIT, exit.

From the time you enter to the time you exit manually should not be less than 20 minutes.

If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money.

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Postby dchappy » Thu Oct 08, 2009 6:39 pm

WAIT, take a trade, WAIT, reduce risk, WAIT, exit.

From the time you enter to the time you exit manually should not be less than 20 minutes.

If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money.


Yeah , It only took me 8 yrs. to learn that one ..lol

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prochargedmopar
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Postby prochargedmopar » Thu Oct 08, 2009 7:45 pm

MightyOne wrote:
prochargedmopar wrote:Why does this crap look so easy after the fact?
What the .... am I missing?

I'm growing more and more ANGRY each day.

Yeah, I WAITED. Watch hundreds of pips float in front of my eyes....hundreds upon hundreds.

I then enter.
The pissers went directly to my stop.
Yes, it was exactly the same triggers that I watched be successful over and over and over.

-14 and -14


You know what.....both the damn things ended up banking pips.
I got back in e/u (at a worse price mind you, and g/u I couldn't get close to my exit price) at double lot value and closed it out in 4 steps.

Then I fiddle around with a few trades that I don't get what I should.....I decide to hold to my stop, again......what do you know, the very next trade gets wacked!!! And I get a -2.3 trying to close it the wrong way.

FINALLY.
Get a trigger on g/u and scale out of it for some pips.

I was long E/U on one that went 14-5m frickin candles in a row with ONLY 2 reds mixed in. That's 65 pip rise....Scaling out I got 13 pips total...

#12
EUR/USD 1 S 1.47788 1.47744 4.4 0.44 0.00 10/8/2009 11:55 10/8/2009 12:05
#11
GBP/JPY 1 S 142.224 142.258 -3.4 -0.38 0.00 10/8/2009 11:55 10/8/2009 12:05
#10
GBP/USD 3 S 1.60931 1.60920 1.1 0.33 0.00 10/8/2009 11:43 10/8/2009 11:43
#9
Scaled into this one.....
GBP/USD 1 B 1.60989 1.61091 10.2 1.02 0.00 10/8/2009 11:19 10/8/2009 11:31
GBP/USD 1 B 1.60989 1.61040 5.1 0.51 0.00 10/8/2009 11:19 10/8/2009 11:30
GBP/USD 3 B 1.60989 1.61085 9.6 2.88 0.00 10/8/2009 11:19 10/8/2009 11:29
GBP/USD 1 B 1.60989 1.61085 9.6 0.96 0.00 10/8/2009 11:19 10/8/2009 11:29
#8
GBP/USD 3 S 1.60966 1.60989 -2.3 -0.69 0.00 10/8/2009 11:19 10/8/2009 11:19
GBP/USD 3 S 1.60842 1.60979 -13.7 -4.11 0.00 10/8/2009 11:15 10/8/2009 11:19
#7
EUR/USD 1 B 1.47359 1.47474 11.5 1.15 0.00 10/8/2009 10:15 10/8/2009 10:28
EUR/USD 1 B 1.47359 1.47395 3.6 0.36 0.00 10/8/2009 10:15 10/8/2009 10:26
EUR/USD 4 B 1.47359 1.47379 2 0.80 0.00 10/8/2009 10:15 10/8/2009 10:25
#6
EUR/USD 6 B 1.47289 1.47390 10.1 6.06 0.00 10/8/2009 10:10 10/8/2009 10:23
#5
EUR/USD 3 B 1.47407 1.47260 -14.7 -4.41 0.00 10/8/2009 10:00 10/8/2009 10:03
#4
GBP/USD 3 B 1.60632 1.60491 -14.1 -4.23 0.00 10/8/2009 10:00 10/8/2009 10:03
#3
EUR/USD 3 B 1.47417 1.47420 0.3 0.09 0.00 10/8/2009 09:42 10/8/2009 09:45
#2
EUR/JPY 2 B 130.532 130.571 3.9 0.88 0.00 10/8/2009 08:35 10/8/2009 08:36
#1
EUR/JPY 4 B 130.422 130.408 -1.4 -0.63 0.00 10/8/2009 07:53 10/8/2009 08:00
44 21.8 1.03 0.00


I made 61.5 pips on demo in 4 trades during London session.
3-1

PROFIT GAP!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!


If trading is not just as easy before the trade as it is after the trade then you do not have a solid plan of attack.

Even being discretionary, after comparing new information to the past, there is only one solution that I can trade.

Analysis is supposed to point you in the right direction and the right direction only has one arrow.

A solid plan of attack contains an exit strategy that makes sense when you look at the risk vs reward ratio or a strong technical reason that you are wrong (not the small jiggle of orders being filled).

You cannot protect open profit and expect to make a lot of money; either take a profit or take a loss.

You have to understand that you will be alright if you lose, but you will not be alright if you do not let your self win.

Success is a waiting game:

WAIT, take a trade, WAIT, reduce risk, WAIT, exit.

From the time you enter to the time you exit manually should not be less than 20 minutes.

If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money.


If you are not in most of your trades for longer than 20 minutes then you are just trading scared and fear does not make money.

Tell me about it.
#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

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dragon33
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Postby dragon33 » Thu Oct 08, 2009 11:15 pm

Hey MO, i heard you talking about book!

If there is one i'm very interested. You allready learned me to be patient and i can assure you that beeing patient is paying off!

Sign me up for the book please.
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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Postby pierre23 » Thu Oct 08, 2009 11:27 pm

MightyOne wrote:In my book there are only 1-2-3's and 4-5 extensions.


lol "in my book" is an idiom for "in my opinion". I don't think he meant it literally -- easy to misundertand though =)

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Postby dragon33 » Fri Oct 09, 2009 12:35 am

pierre23 wrote:
MightyOne wrote:In my book there are only 1-2-3's and 4-5 extensions.


lol "in my book" is an idiom for "in my opinion". I don't think he meant it literally -- easy to misundertand though =)


That's what you get when you are talking in a language different as mine. The little aspects are difficult to understand
Trading is like cycling, first you need to learn how.

Two options: you either lose or win!

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MightyOne
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Postby MightyOne » Fri Oct 09, 2009 2:15 am

ROFL, what pierre23 said :lol:

Sorry Dragon...

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Braathen
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so.. i tried demo trading some stuff last night

Postby Braathen » Fri Oct 09, 2009 7:52 am

so last night i was grinding these ideas and i just started trying to get one trade entry before sleep on demo.. took a few hours of "smoking" and coca cola (dont tell me) but with patience its just came to me.. the short i kept thinking omg its gonna get away from me.. hehe.. anyway.. i dont wanna ask some silly queston like is this right??!! cuz i know its diffrent.. spacial int. etc.. anyway thanks again MO for another hopefull eye opener

Image
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Re: so.. i tried demo trading some stuff last night

Postby MightyOne » Fri Oct 09, 2009 8:41 am

Braathen wrote:so last night i was grinding these ideas and i just started trying to get one trade entry before sleep on demo.. took a few hours of "smoking" and coca cola (dont tell me) but with patience its just came to me.. the short i kept thinking omg its gonna get away from me.. hehe.. anyway.. i dont wanna ask some silly queston like is this right??!! cuz i know its diffrent.. spacial int. etc.. anyway thanks again MO for another hopefull eye opener

Image


You may want to post anything directed at me here:

http://kreslik.com/forums/viewtopic.php?p=27672#27672

or here:

http://kreslik.com/forums/viewtopic.php ... start=6830

So PRO doesn't kick my ass :wink:

That said, you want to compress your chart to contain as much information as possible...
to the point where you see vertical lines marking just the high and low extreme or just before that point.

If you do not have at least some understanding of Elliot Wave analysis then you will never draw your triangles correctly.

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prochargedmopar
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Postby prochargedmopar » Fri Oct 09, 2009 10:13 am

Another Account Drained

Oh yeah, I held for 25 minutes....exited -5.
30 min. later it dropped 25 pips.

Ok, so I'll try again.....a couple -15's.

Ok, so I just start clicking.......9 clicks later I'm back to break even.

Then I did what a RED rat is not suppose to do, Went long after going short for a few pips from the daily extreme.

minus who knows.....margin called.

Congratulate me for holding the last trade over 2 hrs!!!!!!!!!!!!!!!!!!
#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

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