Mightyone wrote Feb. 2 09:
It is important that you look at the positions as fractions of a whole trade and not individual trades so that you can make bold decisions and position your pieces for an ambush/single exit.
I know that some of you are going fire back with,"each trade should be placed according to its own merits; there is no such thing as adding to a position."
To that I can only respond with -->
You are not adding to a position you are creating one
ProchargedMopar's Trading Trilogy
Moderator: moderators
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- razorboy
- rank: 500+ posts
- Posts: 627
- Joined: Tue Oct 21, 2008 2:06 am
- Reputation: 0
- Location: Toronto
- Gender:
- Contact:
This stuff is the real never lose again...........or how to generate 30 to 40% annual returns........all there in black and white
Long term trading is where the real money is made.........
Long term trading is where the real money is made.........
- Attachments
-
- Formula_Research_V-9.pdf
- (75.19 KiB) Downloaded 304 times
-
- csmith.pdf
- (161.94 KiB) Downloaded 324 times
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Got kinda messy.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
With all the gloom and doom in the news about the euro. this chart here tells me to go long....so I am.
After all those lines above I took 1 pip short on a horizontal trend line bounce.
Now this....LOL
After all those lines above I took 1 pip short on a horizontal trend line bounce.
Now this....LOL
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
hmmmm
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
I'm thinking the h4 chart was right.........
You?
Sure look pretty on a 1 MIN.
You?
Sure look pretty on a 1 MIN.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Chris Lori (Olympic gold champ / CTA), Justus(10), and I in Charlotte.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Last weekend I went to a 3 day highly intensive trading workshop.
From a technical aspect I learned very, very little. (almost nil)
Then again I've watched 100's and 100's of hrs of PTClub archives and all chris's video courses so I had a little leg up. Not to mention all of what M.O. has taught here.........
WHAT I DID LEARN.
Chris lori is HUMAN.
Steve W. from www.nobrainertrades.com...... Is HUMAN
Greg Crisp (cta) is HUMAN.
Going out with these guys and having small talk over dinner I saw the insecurities in each.
es/pip said it most clearly.
IT'S PRO VS. PRO.
And this should be my guiding light.
Mightyone wrote:
I think that ever person has gone through that stage in their trading where nothing is working.
I have gone through total despair in the thought that maybe before I was just lucky and maybe I don't have what it takes to trade after all.
When nothing is going right that just means that you are doing things wrong.
Now that you figured out how not to trade how can you do things differently?
What is all this talk of fear?
Place a trade and if it doesn't work then you attempt to exit for zero loss.
If that doesn't work then you attempt to exit for a smaller loss and if that doesn't work you exit if you have not already been stopped out.
In fact, if you spent all of your time creatively thinking of how you can exit for zero loss and let profit be some thing that "just happens" then you would have nothing to fear at all.
The very first thing I take into account is range; I like it when candles have to move 5 or 10 pips to reach my orders.
I am thinking along the lines of if this candle closes so that my order is sitting at a loss is that order likely to be reachable by the next candle so I can get out at BE.
My second thought when sitting with a loss before there is a close is if there is a 0 or 5 near by a little further in the direction of loss so that I can move the BE point closer for the next candle (I am speaking of 1/2 or 1/3 position strategy not multiple full orders).
My third thought is exiting at the best price available to me.
From a technical aspect I learned very, very little. (almost nil)
Then again I've watched 100's and 100's of hrs of PTClub archives and all chris's video courses so I had a little leg up. Not to mention all of what M.O. has taught here.........
WHAT I DID LEARN.
Chris lori is HUMAN.
Steve W. from www.nobrainertrades.com...... Is HUMAN
Greg Crisp (cta) is HUMAN.
Going out with these guys and having small talk over dinner I saw the insecurities in each.
es/pip said it most clearly.
IT'S PRO VS. PRO.
And this should be my guiding light.
Mightyone wrote:
I think that ever person has gone through that stage in their trading where nothing is working.
I have gone through total despair in the thought that maybe before I was just lucky and maybe I don't have what it takes to trade after all.
When nothing is going right that just means that you are doing things wrong.
Now that you figured out how not to trade how can you do things differently?
What is all this talk of fear?
Place a trade and if it doesn't work then you attempt to exit for zero loss.
If that doesn't work then you attempt to exit for a smaller loss and if that doesn't work you exit if you have not already been stopped out.
In fact, if you spent all of your time creatively thinking of how you can exit for zero loss and let profit be some thing that "just happens" then you would have nothing to fear at all.
The very first thing I take into account is range; I like it when candles have to move 5 or 10 pips to reach my orders.
I am thinking along the lines of if this candle closes so that my order is sitting at a loss is that order likely to be reachable by the next candle so I can get out at BE.
My second thought when sitting with a loss before there is a close is if there is a 0 or 5 near by a little further in the direction of loss so that I can move the BE point closer for the next candle (I am speaking of 1/2 or 1/3 position strategy not multiple full orders).
My third thought is exiting at the best price available to me.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
prochargedmopar wrote:Last weekend I went to a 3 day highly intensive trading workshop.
From a technical aspect I learned very, very little. (almost nil)
Then again I've watched 100's and 100's of hrs of PTClub archives and all chris's video courses so I had a little leg up. Not to mention all of what M.O. has taught here.........
WHAT I DID LEARN.
Chris lori is HUMAN.
Steve W. from www.nobrainertrades.com...... Is HUMAN
Greg Crisp (cta) is HUMAN.
Going out with these guys and having small talk over dinner I saw the insecurities in each.
es/pip said it most clearly.
IT'S PRO VS. PRO.
And this should be my guiding light.
Mightyone wrote:
I think that ever person has gone through that stage in their trading where nothing is working.
I have gone through total despair in the thought that maybe before I was just lucky and maybe I don't have what it takes to trade after all.
When nothing is going right that just means that you are doing things wrong.
Now that you figured out how not to trade how can you do things differently?
What is all this talk of fear?
Place a trade and if it doesn't work then you attempt to exit for zero loss.
If that doesn't work then you attempt to exit for a smaller loss and if that doesn't work you exit if you have not already been stopped out.
In fact, if you spent all of your time creatively thinking of how you can exit for zero loss and let profit be some thing that "just happens" then you would have nothing to fear at all.
The very first thing I take into account is range; I like it when candles have to move 5 or 10 pips to reach my orders.
I am thinking along the lines of if this candle closes so that my order is sitting at a loss is that order likely to be reachable by the next candle so I can get out at BE.
My second thought when sitting with a loss before there is a close is if there is a 0 or 5 near by a little further in the direction of loss so that I can move the BE point closer for the next candle (I am speaking of 1/2 or 1/3 position strategy not multiple full orders).
My third thought is exiting at the best price available to me.
i am not going to comment on going to seminars and paying people to teach trading stuff.
as for your trade
that was a great setup
nice one
notice where it came into at the top as well
you just need to fix the PRO part, everything else will fall into place
l
Bend over and assume the position for another 4 years of hope and change.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.