ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Fri Apr 23, 2010 11:42 pm

MightyOne wrote:
prochargedmopar wrote:Got kinda messy.

Image


I have no idea what the reason for a lot of those angles on your chart are.

If it is "right" then the chart will look clean and pretty :roll:

With equilibrium (not that you were drawing them) price will look as though it were moving around circles.

Image


Pretty chart.

Yes, price deals in a range 80% of the time.......So, we are trading back into that range from extremes.

Nice and simple.
Finally sinking in.....finally.

Oh, BTW, no reason for all the angles.......I was playing with trendlines and following the market around like a puppy. Watching the beauty of price action, that's all.
#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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MightyOne
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Postby MightyOne » Sat Apr 24, 2010 7:57 am

prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:Got kinda messy.

Image


I have no idea what the reason for a lot of those angles on your chart are.

If it is "right" then the chart will look clean and pretty :roll:

With equilibrium (not that you were drawing them) price will look as though it were moving around circles.

Image


Pretty chart.

Yes, price deals in a range 80% of the time.......So, we are trading back into that range from extremes.

Nice and simple.
Finally sinking in.....finally.

Oh, BTW, no reason for all the angles.......I was playing with trendlines and following the market around like a puppy. Watching the beauty of price action, that's all.



Price is ranging 100% of the time

&

Price is trending 100% of the time

it

all depends on where you are standing.

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prochargedmopar
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Postby prochargedmopar » Sat Apr 24, 2010 9:01 am

I wonder if anyone ever took this challenge that was not already a trading master?? (like es/pip, ect)

Mightyone Wrote:

I offer a special challenge to those who dare accept it.

1. Place a horizontal line on the first price you see when you sit down to trade.

2. Make a note of the current time and do not move the line you have placed for 8 hours.

3. You may only trade away from the line.

4. Your line exists in all time frames.

5. You must have a body close in the direction of profit in at least 1 time frame and may not liquidate for less than 0.3333 pips multiplied by the minutes of the above time frame (15m chart * 0.3333 = 4.9 pip min. profit).

6. No indicators whatsoever! The only thing that should be on the chart is that single horizontal line.

7.It is ok to demo the challenge for 5 trading days by placing the line and then coming back to it after 8 hours and post how you think you would have traded away from it.

8. The challenge is to trade this way live for 5 days.

If you should be so brave as to accept then I would like to hear what you have learned from this exercise


Image

I keep getting side tract but seems to be a good way to trade next week.
Pop new line every 8hrs eh?
#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 24, 2010 9:04 am

MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:Got kinda messy.

Image


I have no idea what the reason for a lot of those angles on your chart are.

If it is "right" then the chart will look clean and pretty :roll:

With equilibrium (not that you were drawing them) price will look as though it were moving around circles.

Image


Pretty chart.

Yes, price deals in a range 80% of the time.......So, we are trading back into that range from extremes.

Nice and simple.
Finally sinking in.....finally.

Oh, BTW, no reason for all the angles.......I was playing with trendlines and following the market around like a puppy. Watching the beauty of price action, that's all.



Price is ranging 100% of the time

&

Price is trending 100% of the time

it

all depends on where you are standing.


You must be running (switching time frames constantly) for this to be true.......
If you were standing (one time frame) it would be 70/30 or 80/20.
#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 » Sat Apr 24, 2010 12:55 pm

MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:Got kinda messy.

Image


I have no idea what the reason for a lot of those angles on your chart are.

If it is "right" then the chart will look clean and pretty :roll:

With equilibrium (not that you were drawing them) price will look as though it were moving around circles.

Image


Pretty chart.

Yes, price deals in a range 80% of the time.......So, we are trading back into that range from extremes.

Nice and simple.
Finally sinking in.....finally.

Oh, BTW, no reason for all the angles.......I was playing with trendlines and following the market around like a puppy. Watching the beauty of price action, that's all.



Price is ranging 100% of the time

&

Price is trending 100% of the time

it

all depends on where you are standing.


And that my friend is why I never could understand "trends"

Look at timeframe 1 and then plot my trend, switch to timeframe 2 and
the trend is the opposite direction.

This is why I now look at logical places to find orders stacked and trade to other places that would also have orders stacked. Makes sense to me this way.
Trade Your Way as Long as It Makes Money!

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Postby MightyOne » Sat Apr 24, 2010 7:25 pm

aliassmith wrote:
MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:Got kinda messy.

Image


I have no idea what the reason for a lot of those angles on your chart are.

If it is "right" then the chart will look clean and pretty :roll:

With equilibrium (not that you were drawing them) price will look as though it were moving around circles.

Image


Pretty chart.

Yes, price deals in a range 80% of the time.......So, we are trading back into that range from extremes.

Nice and simple.
Finally sinking in.....finally.

Oh, BTW, no reason for all the angles.......I was playing with trendlines and following the market around like a puppy. Watching the beauty of price action, that's all.



Price is ranging 100% of the time

&

Price is trending 100% of the time

it

all depends on where you are standing.


And that my friend is why I never could understand "trends"

Look at timeframe 1 and then plot my trend, switch to timeframe 2 and
the trend is the opposite direction.

This is why I now look at logical places to find orders stacked and trade to other places that would also have orders stacked. Makes sense to me this way.



I position myself for XY patterns [-o< 8-[ [-o<

I have always been a buy & hold kind of guy.

I don't trade unless I have to :smt022

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Postby prochargedmopar » Sun Apr 25, 2010 7:50 am

es/pip wrote:3/5/09 (the simplest verbal description of z-lines ever!!! IMHO)

procharge,

there are no clues

it is what it is

traders enter into a position

a body closes in the direction of there profit===========#1

a wick comes back and gets them out at breakeven========#2

and then----most times the market continues in the direction of profit
#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 MightyOne » Sun Apr 25, 2010 8:32 am

prochargedmopar wrote:es/pip wrote:3/5/09 (the simplest verbal description of z-lines ever!!! IMHO)

procharge,

there are no clues

it is what it is

traders enter into a position

a body closes in the direction of there profit===========#1

a wick comes back and gets them out at breakeven========#2

and then----most times the market continues in the direction of profit


In the end the lines go away and you are left with an understanding that guides all of your actions.

Success will always be just outside of your comfort zone; if it were not then everyone would find it.

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Postby prochargedmopar » Sun Apr 25, 2010 2:04 pm

MightyOne wrote:
prochargedmopar wrote:es/pip wrote:3/5/09 (the simplest verbal description of z-lines ever!!! IMHO)

procharge,

there are no clues

it is what it is

traders enter into a position

a body closes in the direction of there profit===========#1

a wick comes back and gets them out at breakeven========#2

and then----most times the market continues in the direction of profit


In the end the lines go away and you are left with an understanding that guides all of your actions.

Success will always be just outside of your comfort zone; if it were not then everyone would find it.


Ahhh, yes,
Exactly why the entries with smallest risk and highest reward are when your gut is the most uncomfortable.

Chris calls these his "Big Stones" entries on a bald face candle coming into a market turning point.
He does NOT wait for momo on any time frame.
Smallest risk/highest reward.
He says it's NOT catching a falling knife when you understand the psychology and movement of the markets.

He watched charts for 10yrs, 18+ hrs a day until his eyes bleed. LOL

You know what though, it's all the same.

I personally like the big stones entry on a correction after YOUR momo(truth)!!!

Just like the h4 trade on fri a few posts back.

I can do this.
I am doing this.
I am making it happen right NOW.
#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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trueblueTEX
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Doji color?

Postby trueblueTEX » Sun Apr 25, 2010 2:26 pm

prochargedmopar wrote:I wonder if anyone ever took this challenge that was not already a trading master?? (like es/pip, ect)

Mightyone Wrote:

I offer a special challenge to those who dare accept it.

1. Place a horizontal line on the first price you see when you sit down to trade.

2. Make a note of the current time and do not move the line you have placed for 8 hours.

3. You may only trade away from the line.

4. Your line exists in all time frames.

5. You must have a body close in the direction of profit in at least 1 time frame and may not liquidate for less than 0.3333 pips multiplied by the minutes of the above time frame (15m chart * 0.3333 = 4.9 pip min. profit).

6. No indicators whatsoever! The only thing that should be on the chart is that single horizontal line.

7.It is ok to demo the challenge for 5 trading days by placing the line and then coming back to it after 8 hours and post how you think you would have traded away from it.

8. The challenge is to trade this way live for 5 days.

If you should be so brave as to accept then I would like to hear what you have learned from this exercise


Image

I keep getting side tract but seems to be a good way to trade next week.
Pop new line every 8hrs eh?


I like the ghostly color scheme on your chart. But how did you get the doji's to be yellow?

Thanks
Tex

btw: I'm in Waco!!

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