ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed Mar 17, 2010 9:56 pm

Anyone here try to trade a 5sec chart?

Stop is set at 3-5 pips.
TP is set at 20, 50, and 120 pips.
Move stop to B/E at +8
Entry is on 8 pip range candle during market opens.

Talk about good reward to risk ratios!!!

Check it out here:
http://www.forexfactory.com/showthread.php?t=156106

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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 newschool » Thu Mar 18, 2010 12:22 am

holy sh*t mopar

that tony guy is trading exactly like me !

at first he traded MAs only (virus system) and now he trade pure price movement (5 sec charts)

very cool

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Postby aliassmith » Thu Mar 18, 2010 1:22 pm

newschool wrote:holy sh*t mopar

that tony guy is trading exactly like me !

at first he traded MAs only (virus system) and now he trade pure price movement (5 sec charts)

very cool


I don't know about 5 second chart, I strive more and more each day to
trade a naked chart with pure price action. Even MightyOne's ruler of six
has its place, but I'll probably shed that.
Trade Your Way as Long as It Makes Money!

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Postby prochargedmopar » Fri Mar 19, 2010 10:30 am

A little MBT nav practice.
Fxcm is jacking micro spreads.
Dump em'
It's nice to get back to instant execution without any funny business.
:twisted:

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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 pablo101 » Fri Mar 19, 2010 11:07 am

PRO, how're MBT markets working out for you, are you finding executions quite tight?

I sure they work well with small lots but how about more standard lots, anyone with XP?
What line? The line that tells you which way you are trading! - MO

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Postby Pro Trader » Fri Mar 19, 2010 12:03 pm

prochargedmopar wrote:
Pro Trader wrote:
prochargedmopar wrote:
Pro Trader wrote:prochargedmopar whats the name of the indicator you use to plot the daily pivots?


prochargedmopar any idea where I can find out what all the different levels are? I know the future pivot and the rejection areas but Im unsure of some of the others.

Funnily enough some of the levels are the same as s/r levels I'd already drawn on some of my pairs.

Thanks


That is called a confluence. If you have a supply/demand level line up with a pivot level and a fib level and a trend line and a ect, ect. You get the point, then it's suppose to be a stronger "Key" level to trade from, especially if it lines up with, get this, DAILY candle levels.

That statement is the one that all noob scalpers disregard and it tears them a new butt. It also prevents them from seeing the opportunity for holding trades to get in on the really big moves of a weekly or monthly chart.

The more people that look at a certain level, the higher the probability of the trade working. If you had 100mil position in the market would YOU know what price you paid?????

I think so, and so do they.


Thanks Pro

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Postby prochargedmopar » Fri Mar 19, 2010 8:15 pm

Pro Trader wrote:
prochargedmopar wrote:
Pro Trader wrote:
prochargedmopar wrote:
Pro Trader wrote:prochargedmopar whats the name of the indicator you use to plot the daily pivots?


prochargedmopar any idea where I can find out what all the different levels are? I know the future pivot and the rejection areas but Im unsure of some of the others.

Funnily enough some of the levels are the same as s/r levels I'd already drawn on some of my pairs.

Thanks


That is called a confluence. If you have a supply/demand level line up with a pivot level and a fib level and a trend line and a ect, ect. You get the point, then it's suppose to be a stronger "Key" level to trade from, especially if it lines up with, get this, DAILY candle levels.

That statement is the one that all noob scalpers disregard and it tears them a new butt. It also prevents them from seeing the opportunity for holding trades to get in on the really big moves of a weekly or monthly chart.

The more people that look at a certain level, the higher the probability of the trade working. If you had 100mil position in the market would YOU know what price you paid?????

I think so, and so do they.


Thanks Pro


Protrader,
You asked in other thread (dont'want to junk up mighty one's) what system I used, what time frame I traded, ect.

I dont trade a specific system, I dont trade a specific time frame.
I want to know how the markets work, why they move the way they do.
With that info, It's just as es/pip said,
PRO vs. PRO

My difficulty is I've got academic tendencies and fear of losing what is not even mine.
Bad combination for a trader.

After the most recent 700 pip move you'd expect a little consolidation.

Isn't this 4 day event a thing of BEAUTY?

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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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prochargedmopar
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Postby prochargedmopar » Mon Mar 22, 2010 1:54 pm

While in every trade I must ask myself.

How are you feeling in contrast to what the market technicals are telling you.
Do- Keep your losses small.
Do- Let your profits run.


AND,
Always remember,
It's WHAT you do when you are WRONG that Counts.

The power to control your interpretation = A New Reality.

Money is made by the ELIMINATION of downside risk.

This Navigator was kinda sketchy at first but I'm starting to get used to it a little. Lost 50 pips just trying to figure out how to move stop while in a trade.
Once I get the 2-3 order types down that I'm gonna use I'll set up some hot keys and let her rip.

I freakin deleted the ma's for good, I've had it with that crap.
Big figure(00's), DPV, Yhigh/Low, and ruler of 6 targets.

Image
#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 aliassmith » Mon Mar 22, 2010 3:41 pm

prochargedmopar wrote:While in every trade I must ask myself.

How are you feeling in contrast to what the market technicals are telling you.
Do- Keep your losses small.
Do- Let your profits run.


AND,
Always remember,
It's WHAT you do when you are WRONG that Counts.

The power to control your interpretation = A New Reality.

Money is made by the ELIMINATION of downside risk.

This Navigator was kinda sketchy at first but I'm starting to get used to it a little. Lost 50 pips just trying to figure out how to move stop while in a trade.
Once I get the 2-3 order types down that I'm gonna use I'll set up some hot keys and let her rip.

I freakin deleted the ma's for good, I've had it with that crap.
Big figure(00's), DPV, Yhigh/Low, and ruler of 6 targets.

Image


Abandoning the MA's oh my!

You don't need that crutch anyways.

Stick to legit S/R by observation and keep this in mind always...........
Do- Keep your losses small.
Do- Let your profits run.
It's WHAT you do when you are WRONG that Counts.

Emotions are the enemy :evil:
Trade Your Way as Long as It Makes Money!

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Postby adaseb » Mon Mar 22, 2010 4:00 pm

ProchargedMopar

Is this you?

http://www.forexfactory.com/showpost.ph ... count=1732

Your alter-ego MightyZoner ?

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