ProchargedMopar's Trading Trilogy

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lukx
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Postby lukx » Sat Oct 24, 2009 1:10 pm

yep I lost another account on that drop

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PTG
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Postby PTG » Sat Oct 24, 2009 2:44 pm

That big drop is nothing looking at the weekly. The bullish momentum during this week was so strong, that price came nowhere close to previous week's candles zerolines. Only after the GPB news wasn't too good, it dropped.

Long term trend (M,W) is down, daily is flat. And over 24 hours to figure out what to do :-k
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Postby PTG » Sat Oct 24, 2009 5:30 pm

prochargedmopar wrote:THOSE VIDEOS..........


.... are really worthwhile to watch.

Including the other ones from Sam Seiden that I've seen so far. It helps to actually understand MZ/ZL.

@ lukx: I would check them out if I were you. All of them.
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Postby lukx » Sat Oct 24, 2009 6:47 pm

Already did, but still CAN'T BLOODY SEE :)

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Postby PTG » Sat Oct 24, 2009 6:58 pm

lukx wrote:Already did, but still CAN'T BLOODY SEE :)


What are gaps, which kinds do you have and how can you trade them ?
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Postby lukx » Sat Oct 24, 2009 7:16 pm

Well the gaps I can see but the problem is that I can't spot the turning point when price is going to comeback to hit this gap.

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Postby PTG » Sat Oct 24, 2009 7:22 pm

lukx wrote:Already did, but still CAN'T BLOODY SEE :)


And another question: somebody else (Monolisa ?) asked you if you had a plan for entries and exits. If you don't have that, then you'll be suckered into trades all the time and you will consistently fork over your money to others.

The question: can you post your PLAN please ?

If you don't have it, I suggest you make one and post it.

I also suggest you open your thread and post your trades, like PRO does.

You HAVE to take this seriously or you will be BROKE before you know it.

This is a BUSINESS venture. You invest money ONLY if you can SEE a higher return. You must find yourself in the circumstances that cater for such profitable trades. If you don't see those circumstances, you do NOT make a trade.

Listen, you say you're an architect by trade if I remember correctly. Can one build buildings from a drawing on a napkin covered with food ? I don't think so.

So, here is my question: can you post your TRADING PLAN please ?
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Postby lukx » Sat Oct 24, 2009 7:48 pm

Well based on what's written here http://www.babypips.com/school/what_sho ... ading.html

I don't have the first main point: trading system!
So I don't think I can have the rest of the points of trading plan created.

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Postby PTG » Sat Oct 24, 2009 8:06 pm

lukx wrote:Well based on what's written here http://www.babypips.com/school/what_sho ... ading.html

I don't have the first main point: trading system!
So I don't think I can have the rest of the points of trading plan created.


Sounds to me like chasing ones own tail :P
Forget the babypis shite. Backtesting ? Useless. Forget whatever else they write, no time to waste here.

I wouldn't make it too difficult. Wite down
- when you consider an entry
- where your protective stops need to be
- how you want to manage your exit
- what your money management looks like

I suggest you start with H4 stop and reverse, go to H1, etc. etc. Sounds familiar ? Yes, you were into that not too long ago. Then I saw you being distracted and loosing money on something else that has nothing to do with Dragon's entries. That's because you don't even have a dirty napkin to work off of !

Another thing, and this is VERY important. Once more, you write that you CANNOT do something, for this or that reason. Stop doing that. Turn ir around and make it a POSIIVE question. That way your brain will help you to find SOLUTIONS instead of concentrating on the PROBLEMS.
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Postby prochargedmopar » Sat Oct 24, 2009 8:20 pm

PTG wrote:
lukx wrote:Well based on what's written here http://www.babypips.com/school/what_sho ... ading.html

I don't have the first main point: trading system!
So I don't think I can have the rest of the points of trading plan created.


Sounds to me like chasing ones own tail :P
Forget the babypis shite. Backtesting ? Useless. Forget whatever else they write, no time to waste here.

I wouldn't make it too difficult. Wite down
- when you consider an entry
- where your protective stops need to be
- how you want to manage your exit
- what your money management looks like

I suggest you start with H4 stop and reverse, go to H1, etc. etc. Sounds familiar ? Yes, you were into that not too long ago. Then I saw you being distracted and loosing money on something else that has nothing to do with Dragon's entries. That's because you don't even have a dirty napkin to work off of !

Another thing, and this is VERY important. Once more, you write that you CANNOT do something, for this or that reason. Stop doing that. Turn ir around and make it a POSIIVE question. That way your brain will help you to find SOLUTIONS instead of concentrating on the PROBLEMS.


Your a smart man PTG.

The difference,

Poor, "We don't have the money, can't afford that"

Rich, "How can we make the money, so we can afford that"

BIG DIFFERENCE
#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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