ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed Apr 22, 2009 11:20 am

Just tried the line cross trick on e/u at the 2940 line short for kicks after posting in this log/ new hr opened so first line with candle color. +4 using MT4 mini account. Got to get some sleep................
#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 22, 2009 5:40 pm

Quotes directly from March king of micro winner...........

The King started the month with $961 and ended up with $19714 a winning percentage increase of 1951.22%

What?s the best overall strategy for trading? What?s the worst? Every trade must begin with a clear plan and direction, and the trader must follow the plan. If there is no plan, or if the trader doesn?t follow the plan, failure is almost certain.

What advice would you give to a new trader? Better to miss an opportunity than to make a wrong decision.

Hmmmm, where have I heard those before???
Last edited by prochargedmopar on Fri Apr 24, 2009 4:35 am, 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

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Postby prochargedmopar » Thu Apr 23, 2009 12:47 am

2 trades in 16 min.
+11 total
Used 50 and 40 lines as "triggers" to place trades.
Off to workout.
Then work.

EUR/JPY 20 S 127.433 127.360 7.3 14.90 0.00 4/22/2009 20:37 4/22/2009 20:38
EUR/JPY 20 S 127.572 127.535 3.7 7.54 0.00 4/22/2009 20:22 4/22/2009 20:26
40 11 22.44 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 prochargedmopar » Thu Apr 23, 2009 2:36 pm

DANG IT,

I did good but did not shut off my paltalk and sat there listening.
TEMPTED-----I took a couple more trades and was down -40 pips.
Ended up giving back a total of 6 pips so I'm only up +20ish for the morning session.

I'm kickin my self!!!!!!!!!!!!!!!!!!
Last 5 trades were not according to plan.
I paid for it in more ways than money.

TRO Thankyou Gratuity Donation Fund:
Previous balance + all the little trades while practicing. Then the most recent $2 pip trades the last few days is 74+65+22+40.4 =$201.40

Making progress, SLOWLY.
Not sure if anyone noticed but I'm no longer just trying to get 2's and 3's.
I want what the market has to offer.

EUR/JPY 20 B 127.575 127.680 10.5 21.41 0.00 4/23/2009 10:03 4/23/2009 10:06
EUR/JPY 20 B 127.966 127.684 -28. -57.50 0.00 4/23/2009 09:51 4/23/2009 10:06
EUR/JPY 20 S 127.749 127.575 17.4 35.47 0.00 4/23/2009 10:00 4/23/2009 10:03
EUR/JPY 20 S 127.853 127.890 -3.7 -7.53 0.00 4/23/2009 09:55 4/23/2009 09:59
EUR/JPY 20 S 127.903 127.935 -3.2 -6.51 0.00 4/23/2009 09:53 4/23/2009 09:54
EUR/JPY 20 B 127.899 127.923 2.4 4.88 0.00 4/23/2009 09:19 4/23/2009 09:20
EUR/JPY 20 S 128.092 128.050 4.2 8.54 0.00 4/23/2009 08:38 4/23/2009 09:04
EUR/JPY 20 S 128.123 128.050 7.3 14.85 0.00 4/23/2009 08:46 4/23/2009 09:04
EUR/JPY 20 S 128.347 128.144 20.3 41.30 0.00 4/23/2009 08:27 4/23/2009 08:31
EUR/JPY 20 B 128.420 128.352 -6.8 -13.83 0.00 4/23/2009 08:24 4/23/2009 08:27
EUR/JPY 20 B 128.335 128.385 5 10.17 0.00 4/23/2009 08:17 4/23/2009 08:20
EUR/JPY 20 S 128.252 128.312 -6 -12.21 0.00 4/23/2009 08:13 4/23/2009 08:15

280 20.2 40.40
#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 » Fri Apr 24, 2009 6:35 pm

I will spare you all the gory details from today by not posting all the trades......40ish. Ugh.
Lets just say I'm up 4.1 pips.
18 a day (min) starts Monday.
TRO Thankyou fund 201.40 +8.28 =209.68
EDIT: see below.
$221.23
I started out down 69 pips on 8 trades.
Follow the rules son, There are only Two of them!!!!
I would put a LOL after that but this is no laughing matter.

When I started to do that I banked 70 in less than two hrs, what a waist of + pips eh? And time.
WAIT, WAIT, WAIT, and GREAT opportunities will arrive.
WAIT I say.

Update:
Opened charts and saw the e/j near the 50 line. Took 3 trades for 5.8 pips.
Oscillations at the line. hehehe

Total 9.7 pips.
#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 » Sat Apr 25, 2009 3:27 pm

Jesgpy,

What do we do for a little kid who is afraid of the dark? We have to turn a light on in the closet to remove this fear of the unknown. Our fear is price movement and for this we have to be able to SEE so that we can grow into our teens and not be afraid of what is an Illusion(the current candle) in our own mind.
Let's turn on the light with a price TICKER:


Think about what happens over and over. higher/highs and lower/lows and reversals from these.
On all time frames from 10 sec chart to years.

These are my observations on e/j the last few days...........

Lets look at a 15min chart:
price is moving down, you know it's moving down. How? Price is lower over some given time frame from where it started on your chart. It could be the last hr or 5 or even from the last 15m candle to the next.
But the real kicker is how it gets there!!!!!!!!!

Lets LOOK and SEE.

From what we SEE price is moving down and toward a psych line so,
The next candle opens and turns green, goes up 5, down 3, up 4, then 2 (new high) down 3, up 2 down 5, up 2, down 4 and flashes red (new low). Immediately it goes up 3, down 1, up 4 and is green again, (lower high), now down 3, up 1, down 5, up 2 and down 4,(new low and just crossed psych line). your in the trade, candle is red, hr is red, congratulations your now fixing to be in the HOLE (-pips) and you understand why if you followed the price action above.

Notice how each time it made a new high/low or new lower high or low it immediately retraced and went back the other way? A pdf that TRO sent out said price is counter trading 60%, trending 30% and breaking out 10% of the time........Doesn't this mean that ONLY 10% of the time that price crosses a line we will show Immediate profit?? Look at the numbers and how price moves.

Back to our line entry above. It just made a NEW LOW, what happens after a new anything with price? People take profit!!!! Doh, now we are down -4, back to -2 and then down -6, back to -3 and then -8, ok so hopefully we just made a NEW lower high again, and we can start to see price come back to our entry and make a New Lower/ Low and we can take 5 pips from it. Whew.

Watching 15M candles what do I see? I SEE 2-3 reds,(new low) a green or 2, (lower high) and then 2-3 reds,(new low) then maybe 3 greens (lower high) and then 1-2 reds (new low).......
Now what happens?
Uh oh,
2-3 or even 4 greens, a NEW high, then a red or 2, higher low. ect, ect...

It does this maybe 90% of the time on each candle and every time frame.
No more fear.
The big question is how can we get in a trade so we don't have to be "in the hole" right off the bat?????

If price is going down given the time frame I'm looking at, I can just wait for a NEW/Lower high and enter. Use the psych line as a reference point for your entry. Be careful not to be to exacting in your estimates or you'll lose perspective and the price will reverse without you. It's crazy, because you can never pick tops and bottoms consistently and even if it's retraced on the 15M candle 7-9 pips sometimes it will go another 5-7 even in a "stable" market. When things are crazy all bets are off. Your just in for a ride as we never know WHO is going to come in and take profit or whatever. So the H1 is RED, but you may be entering near a psych line on a GREEN 15M candle.....

Sometimes I'll wait for the price to cross the line, it goes a little farther then I wanted and when it back ups a few pips I'll enter "thinking" it's never going to make it back to the line. Remember, it just made a new lower Low. Well, I get in and I'm at B/E, then some joker wants to take profit and it backs up 5 past the line and I'm down 8, it was just 7 past it (short) and I entered at 3 past it. Emotions made me do it/ heard mentality I guess thinking I was going to "miss" the entry. I could have been calm as a cucumber and waited a little longer for it to go 5 above the line and then entered. Or maybe entered after it got CLOSE to the line and backed up to 10 above it. Or maybe it never comes back to enter and I just wait for the next "trigger" line.

I swear if a person gets his head into the flow of the market he can sit down at any time, watch price movement for a few minutes and start bagging 2-4 pips like clockwork.....NO BULL. As long as we are not in a breakout situation (90% of the time) As soon as price makes a new low, BUY. Someone is going to take profit and give you your pips, As soon as price makes a new high(a few min. later) sell and bag your 2-4 pips.

This can be done over and over on a single 15M candle regardless of candle color. The only difficulty comes in when we start to anticipate or hope or hang on to one that goes against you.......It takes some serious focus to be able to react ONLY and not judge what is going to happen or how far it's going to go. ect. ect.

It may not be the best way to bag pips for all personalities but it sure does help me to know what price does over and over when I'm sitting in a trade and looking at a loss. This is how it's possible to get out at B/E after being down/or very close to B/E. You just can't wait for the 2nd or 3rd lower/higher situation to occur or you'll have to wait for a MUCH higher time frame to come back to your price........Maybe even a year. LOL

Do you SEE what I SEE???

Now, lets use that to DRAIN SOME BANKS, even if it's just a LOCAL branch.
hehehe
Last edited by prochargedmopar on Sat Apr 25, 2009 9:49 pm, edited 2 times 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

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Postby JESGPY » Sat Apr 25, 2009 3:52 pm

Yes I see what You see.
I take a look at that kind of behavior this week. Maybe that will keep me on the correct side of the trade more often.

Thanks for sharing.

JUAN

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Postby AndreasF » Sat Apr 25, 2009 3:57 pm

Thanks, Pro.

It was an excellent posting to explain price action in praxis.

regards

Andreas

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Postby prochargedmopar » Sat Apr 25, 2009 7:30 pm

Thank TRO for forcing me to trade psych lines or I would have never seen
this. It's just one step I'm sure.

Even though I've read over and over that price makes new highs and lows and then reverses.
Even though I've read over and over that price does not just go up or down.
That didn't matter at all until I watched while in trades at a reference point. (The line)

IT IS STILL A HUM DINGER TO KEEP FROM GETTING BLINDED AND NOT BEING ABLE TO SEE THE FOREST FOR THE TREES.
One gets so close and involved with price movement that I lose track of where I'm at.

Mightyone said if your always looking at the zig and the zag you will never see the zoom......
Keep an H4 chart open, and a D1 chart open. Always look for the zoom even though your trading the zigs and zags.

I'm gonna give it H**L and try to keep my brain off and eyes open.
The line is my "trigger" but I make the "trade".
Pro
#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 » Mon Apr 27, 2009 3:36 pm

$4 pips must have done something because I decided to follow ALL the rules exactly but use a 7 pip stop. My thinking is I can always get back in at a better price..................
That didn't work.......
Seems like I may have to go to .20 pips with a 50 pip stop and never lose another trade again.

So much for 18.3333333333333333333 pips a day.
Hey, it ain't over yet.... Got an hr tonight during Asian session.

I must trade for 10 min on demo to find out what the market is doing and then switch to MONEY.
Only started banking pips when I traded the oscillations of the market. Selling after new high and buying after new low using the 15m candle......
It's OK to take more than one trader per candle and I don't wait for a trigger when getting my money back....... See the last 6 trades, NO LOSSES.
LOL

TRO fund 221.23 + 18.24 = 239.47

2.8% acct increase.
That STINKS.

EUR/JPY 40 S 126.865 126.855 1 4.14 0.00 4/27/2009 10:58 4/27/2009 10:58
EUR/JPY 40 B 126.681 126.696 1.5 6.21 0.00 4/27/2009 10:29 4/27/2009 10:29
EUR/JPY 40 S 126.707 126.667 4 16.57 0.00 4/27/2009 10:18 4/27/2009 10:18
EUR/JPY 40 S 126.610 126.525 8.5 35.24 0.00 4/27/2009 10:15 4/27/2009 10:15
EUR/JPY 40 S 126.628 126.615 1.3 5.39 0.00 4/27/2009 10:12 4/27/2009 10:13
EUR/JPY 40 S 126.707 126.612 9.5 39.32 0.00 4/27/2009 09:53 4/27/2009 09:57
EUR/JPY 40 S 126.548 126.620 -7.2 -29.81 0.00 4/27/2009 09:49 4/27/2009 09:51
EUR/JPY 40 B 126.564 126.623 5.9 24.43 0.00 4/27/2009 09:42 4/27/2009 09:43
EUR/JPY 40 S 126.505 126.535 -3 -12.41 0.00 4/27/2009 09:42 4/27/2009 09:42
EUR/JPY 40 S 126.936 126.925 1.1 4.55 0.00 4/27/2009 09:12 4/27/2009 09:13
EUR/JPY 40 S 126.873 126.945 -7.2 -29.77 0.00 4/27/2009 09:11 4/27/2009 09:11
EUR/JPY 40 S 126.813 126.772 4.1 16.96 0.00 4/27/2009 08:38 4/27/2009 08:46
EUR/JPY 40 S 126.833 126.915 -8.2 -33.92 0.00 4/27/2009 08:30 4/27/2009 08:33
EUR/JPY 40 S 126.908 126.895 1.3 5.38 0.00 4/27/2009 08:26 4/27/2009 08:26
EUR/JPY 40 S 126.793 126.875 -8.2 -33.94 0.00 4/27/2009 08:23 4/27/2009 08:24
600 4.4 18.34 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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