ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Tue Apr 14, 2009 2:41 pm

Your right, I'm always down spread plus it will back up a couple and sometimes even 5-7 but I just watch price and if truly starts to back up and not just oscillate then I close out. You can tell the difference most times if you watch closely. keep an eye on the little digits not just the big ones.

When things are really moving your at break-even quickly.
It only costs a pip or two to feel the market and you can close out a pip or two later if things don't act right.
Not much lost.
#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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Postby prochargedmopar » Tue Apr 14, 2009 4:37 pm

I'm thinking about trading this.
Switched lines to the ZERO's and added an extra filter.
M15, H1, and H4 must all be the same color.
D1 would be added backing.
This way I might be able to stick with one currency and get the feel of it better. I'm wanting to grab more pips per trade........I MAY HAVE TO GET A BAG! LOL
Just thinking, I'll try it and see.
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#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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Postby prochargedmopar » Tue Apr 14, 2009 11:02 pm

Not even with price action only??
Image

I digress. LOL
Back to basics.
This is fun.......
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#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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Postby prochargedmopar » Wed Apr 15, 2009 12:41 am

Didn't have much time this morning but had some good wins...Actually held one for 14.xx pips.
The g/u run-up got me when I was short. Anchored to that position and bam, Re-entered at original spot for -26.6x2 I came back later (1.25hrs) and noticed it went up about 50ish and then was right back at my original entry. Then it dropped like a rock. 6hr candles in a row and we all knew it was gonna drop sometime..
I've got to decide on no stops or 5 pip stops.....I'm thinking the 5 pippers will be best for my current strategy. I like bailing early so I don't Anchor in while looking at a loss. Gotta work on that psychological aspect.
I know, listen to Mark Douglass!!!

Tonight I traded a total of 30 min at the computer during asian session, missed the big runs as it was slow when I sat down/got up/sat down.
I spend a lot more time posting and reading these forums.
Anyway.
+ pips again on 4 trades.
EUR/JPY 4 S 131.312 131.286 2.6 1.05 0.00 4/14/2009 20:27 4/14/2009 20:27
EUR/JPY 4 B 131.394 131.409 1.5 0.61 0.00 4/14/2009 19:43 4/14/2009 19:45
GBP/USD 4 B 1.49084 1.49111 2.7 1.08 0.00 4/14/2009 19:36 4/14/2009 19:36
EUR/JPY 4 S 130.968 130.929 3.9 1.58 0.00 4/14/2009 17:09 4/14/2009 17:09
16 10.7 4.32 0.00
#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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Postby noone22 » Wed Apr 15, 2009 3:09 am

prochargedmopar wrote:I'm using market orders


With limit orders rules of the game will be rather different.
You could put limit order and have some time to wait, until
it will be filled - or even cancel, if price go against your limit entry.

With market order you're jumping into the battle immedeately,
which means - you need to be present at the moment of market
move, be focused & concentrated exactly as this moment to enter the trade. It's very hard - to catch such moment. With your quantity
of trades you're doing - this seems to be as stress for me.

Pro, do you have any statistics of slippage?
For example current EURJPY bid/ask is 130.300 / 130.310
You've put buy market order.
At what price you will be filled in?
1 or 2 or 3 pips higher or what?
What is the average statistics of this slippage?

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Postby prochargedmopar » Wed Apr 15, 2009 7:33 am

noone22,
If price is stalled or oscillating slowly the price will be exactly as I click it. Usually starting trade after entrance at -1.2 or -1.4 pips on e/j.
All you have to do is watch. price is continually going up and down. MOST of the time it just does not cross a line and keep on going. It inches up/back up closer/back over the line/back 1 or 2 pips/ ect, ect.

There are plenty of chances to get in. I have to fight clicking when it jumps forward as it feels like I'm gonna miss it. When I do this it pulls back and I'm down 3-4 pips Immediately. My fault.

It is getting out that is tricky.
If you see lets say 3.8 as it lerches forward and you hessitate on clicking, it will back up and give you a pip or two less. you can wait for it to pull back to B/E or -1ish and wait for the next push. Sometimes it just stalls for a few seconds and you don't know if it's gonna blow forward or blow backward.......I guarantee it's gonna do one or the other and sometimes it never (relative to my s/l or time in a trade) goes back into profit. That's the hard part for me to gauge and why I miss so many big drops of 20+ pips or more.

Try it on a demo for a while and see what happens. Getting you in is pretty good, trying to take profit from them is harder because sometimes they just widen the spread for as long as possible so it doesn't show profit in your open orders box. But MT4 is showing 2-3 pips extra. It's crazy because one box price in fxcm moves to what is showing on MT4 chart but the other box price sits right there.

This is of little consequence for me as once I can bag 5-10 pips like clockwork I'll switch to MBTrading. I've funded it but need to learn how to trade first and then learn their platform. I'd like to build up a few thou in fxcm and then transfer some of that over so I can use bigger pips with the 100:1 leverage they offer. fxcm is 400:1 Only put $800 in MB so I coundn't go very big on pippage.

You seem to be thinking too much as I was/am doing. Just pick one of these systems and trade it.

BTW, limit order at psych line will GUARANTEE a larger drawdown most every time. It can't wait for a cross and pullback. Even if you put your order in 2 pips before the line it will still hit it and then pull back.
It's fun trying to outsmart these jokers. sometimes i'm the one getting outsmarted or miss the trade by 4 pips or so but then I just don't take it.
Dude, I'm finding trades are everywhere.
Have fun
#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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Postby prochargedmopar » Wed Apr 15, 2009 2:59 pm

I was not near as selective today and got into a couple trades with 3clipz3.
Started the day losing 6 out of 7 trades.
Got back to the RULES and picked up 5 straight wins. for 35.x pips.
I'll tighten up ship tomorrow. Still came out +2.5 but worked for it.


EUR/JPY 4 B 131.224 131.259 3.5 1.41 0.00 4/15/2009 09:59 4/15/2009 10:10
EUR/JPY 4 S 130.786 130.730 5.6 2.25 0.00 4/15/2009 09:31 4/15/2009 09:35
EUR/JPY 4 S 130.896 130.860 3.6 1.45 0.00 4/15/2009 09:22 4/15/2009 09:27
GBP/USD 4 S 1.49541 1.49316 22.5 9.00 0.00 4/15/2009 09:07 4/15/2009 09:27
USD/JPY 4 S 99.493 99.484 0.9 0.36 0.00 4/15/2009 09:08 4/15/2009 09:27
USD/JPY 4 S 99.376 99.474 -9.8 -3.94 0.00 4/15/2009 08:48 4/15/2009 09:27
GBP/USD 4 B 1.49658 1.49565 -9.3 -3.72 0.00 4/15/2009 09:13 4/15/2009 09:15
GBP/USD 4 S 1.49511 1.49619 -10.8 -4.32 0.00 4/15/2009 09:06 4/15/2009 09:07
EUR/JPY 4 S 130.904 130.925 -2.1 -0.85 0.00 4/15/2009 08:42 4/15/2009 08:43
EUR/JPY 4 S 130.760 130.862 -10.2 -4.11 0.00 4/15/2009 08:36 4/15/2009 08:39
EUR/JPY 4 S 131.023 130.885 13.8 5.56 0.00 4/15/2009 08:05 4/15/2009 08:07
EUR/JPY 4 S 131.008 131.060 -5.2 -2.09 0.00 4/15/2009 07:59 4/15/2009 08:02
+2.5
#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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Postby prochargedmopar » Thu Apr 16, 2009 2:43 pm

Today was going Great. But.

Off for vacation. 5 days in the TN Mountains. NO net in the cabins......Whaaaaaeee......Grumps me. :( I think they will have internet at the main office of the cabins so I'll try to get some trading in down there.
Today up +1.2 Oh joy....Guess it's better than a loss.
I was adding the pips gained to my stop so I'd have more staying power. Was up +16.4 and had a 26 pip stop. Worked out great until I broke my rules.... 4th H1 candle and price was not moving with force when it hit the 25 line. That's a NO TRADE for me. Here's the "but" , LOL -24 Got the 2% original loss/risk back on the Immediate reversal short from 00 when the candle turned red. Doubled up on that one.
Seeing a lot and grabbing quick pips is actually getting EASY.
May have to re-think the FULL stop situation depending on what the candles are telling me.......I knew that Trade was gonna hit it but just waited it out to see if I was correct. Yup. I'm learning more and more each day.
Lessons learned and no harm done. A couple really good lessons.
#1 I'm glad they are making hedging Illegal. It kills me. -9.8
#2 Do not take trades according to someone else trading plan or enticing unless you've integrated it into your system and know how your gonna react if things go astray. Burnt me two days in a row.
#3 I'm not good enough yet to adjust on the fly, I've got to stick to the basics.
PLAN YOUR TRADE AND TRADE YOUR PLAN
I LIKE HORIZONTAL LINES!!!!!
They make me SEE.

EUR/JPY 5 B 130.817 130.919 10.2 5.15 0.00 4/16/2009 09:54 4/16/2009 09:55
EUR/JPY 5 S 130.712 130.832 -12 -6.06 0.00 4/16/2009 09:50 4/16/2009 09:54
EUR/JPY 5 S 130.988 130.901 8.7 4.39 0.00 4/16/2009 09:27 4/16/2009 09:36
EUR/JPY 5 S 131.028 130.903 12.5 6.31 0.00 4/16/2009 09:18 4/16/2009 09:36
EUR/JPY 5 B 131.111 131.013 -9.8 -4.94 0.00 4/16/2009 09:22 4/16/2009 09:27
EUR/JPY 5 B 131.277 131.034 -24.3 -12.25 0.00 4/16/2009 09:13 4/16/2009 09:18
EUR/JPY 5 B 130.926 130.968 4.2 2.12 0.00 4/16/2009 08:49 4/16/2009 08:54
EUR/JPY 5 S 130.779 130.825 -4.6 -2.32 0.00 4/16/2009 08:30 4/16/2009 08:30
EUR/JPY 5 B 130.680 130.717 3.7 1.87 0.00 4/16/2009 08:20 4/16/2009 08:25
EUR/JPY 5 B 130.545 130.563 1.8 0.91 0.00 4/16/2009 08:12 4/16/2009 08:15
EUR/USD 5 B 1.32023 1.32034 1.1 0.55 0.00 4/16/2009 08:08 4/16/2009 08:08
EUR/JPY 5 B 130.379 130.393 1.4 0.71 0.00 4/16/2009 08:06 4/16/2009 08:07
GBP/USD 5 B 1.49002 1.49016 1.4 0.70 0.00 4/16/2009 08:02 4/16/2009 08:02
EUR/JPY 5 S 130.323 130.315 0.8 0.40 0.00 4/16/2009 08:00 4/16/2009 08:00
EUR/JPY 5 B 130.435 130.473 3.8 1.92 0.00 4/16/2009 07:52 4/16/2009 07:53
EUR/JPY 5 B 130.297 130.312 1.5 0.76 0.00 4/16/2009 07:49 4/16/2009 07:50
EUR/JPY 5 B 130.200 130.208 0.8 0.40 0.00 4/16/2009 07:42 4/16/2009 07:42
85 1.2 0.62 0.00
#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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prochargedmopar
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Postby prochargedmopar » Thu Apr 16, 2009 2:55 pm

I'm not really glad they are making single account hedging Illegal because I DO NOT like the Gov. Involvement!!!!!
Man, they keep raising taxes like it nobody's business. Land taxes around here DOUBLED. How can that be when our houses are suppose to be worth only half????
Whatever.
#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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Postby eudamonia » Thu Apr 16, 2009 6:05 pm

The Man's going to get his unfortunately. And what's this about making hedging illegal? Never heard of such a silly thing.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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