ProchargedMopar's Trading Trilogy

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TheRumpledOne
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Postby TheRumpledOne » Fri Apr 30, 2010 6:43 am

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Making my RAT BRAIN work overtime...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Fri Apr 30, 2010 7:07 am

Funny... the CHALLENGE LINE is almost a derivation of the BUY ZONE!!

Considering you have to trade AWAY from both lines.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby prochargedmopar » Fri Apr 30, 2010 8:24 am

TheRumpledOne wrote:Funny... the CHALLENGE LINE is almost a derivation of the BUY ZONE!!

Considering you have to trade AWAY from both lines.



A quote I've heard from someone posting in this thread.
"BACK TO BASICS"

:lol:

Thanks!!!
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Postby prochargedmopar » Fri Apr 30, 2010 8:43 am

London open trade review.

Added a fancy indicator to chart and it tells you which way to trade.

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 zapzinig » Fri Apr 30, 2010 7:14 pm

This is very similar to the buy zone.

I see price differently from doing this for a few days. I can not explain what is different it just is.

Line challenge for today.
I use my sitdown time of 7 am est. candles moving down in M15 m5 closed below the line sold at open next m5 candle as it went below the low. It then retraced up and wicked out m5 traders with a full body up close. On m15 I saw it as a wick forming and entered at the mid and high of m5 bar.

Exit at low of m15 near previous low wicks.

-zz

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Postby prochargedmopar » Fri Apr 30, 2010 10:58 pm

Zapzinig,

Will you please post where/how you use a simulator.
Which one I guess I'm asking.

Also, YOUR Z-line charts waaaaaaay back when were the first ones that I really said AH HA. THAT'S IT.
I could see the momo thing from the beginning but it was the breakout lines on one of your chart that made it all come together.

Ever since then it's been a P/L column issue(beliefs).

Thx

EDIT:

It's funny, I remember jumping around the house with a printed pic and telling my wife, this is it.......this is it!!!!

:shock:
#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 zapzinig » Fri Apr 30, 2010 11:48 pm

prochargedmopar wrote:Zapzinig,

Will you please post where/how you use a simulator.
Which one I guess I'm asking.

Also, YOUR Z-line charts waaaaaaay back when were the first ones that I really said AH HA. THAT'S IT.
I could see the momo thing from the beginning but it was the breakout lines on one of your chart that made it all come together.

Ever since then it's been a P/L column issue(beliefs).

Thx

EDIT:

It's funny, I remember jumping around the house with a printed pic and telling my wife, this is it.......this is it!!!!

:shock:


Pro,

I can see the z-lines and momo and have traded it well for about a month profitably, then I did things like over-leveraging, not get out when price closed against me, etc. Seeing it AND trading it consistently are 2 different things.

It is a risk management behavioral issue for me to fix. That is why I am doing the mo line challenge. It is getting me in the "habit" of doing the right thing, cutting my losses fast, and holding my winners longer.

All this from a line.......

Once I habitually do the right thing, then zlines will be my lines instead of a random sit down price. Any line will work, because when you do the right thing, you naturally learn to cut your loss fast and let your winners ride.

I use forex tester2 http://forextester.com they have a limited demo version to test for free on 1 month of data and the paid version is $150. They have free data on 15+ pairs back to 2001 and update data monthly.

The best thing about this is that is really feels like mt4, you can run multiple pairs at once in testing mode and trade off any or all of them.

You can adjust speed of bars and step back and forward. Stepping back before order entry erases the order and allows you the opportunity to fine tune your entries and exits.

I have been drawing my line at 13:00 (7am est) off the h1 bar open in the simulator and switching to m5 to trade it because in my live account I sit down to trade at 7 am until 11:45am est.


Here is what the simulator looks like:


Image

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Postby bredin » Sat May 01, 2010 12:02 am

Aarrggghh!

thanks zapzinig! Now I will be frustrated for a week until I can return to my trading machine at home....

G.
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Postby Humble » Sat May 01, 2010 12:52 am

Is this similar to Blubbb's donation indi? (I don't have either)
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby aliassmith » Sat May 01, 2010 12:54 am

zapzinig wrote:
prochargedmopar wrote:Zapzinig,

Will you please post where/how you use a simulator.
Which one I guess I'm asking.

Also, YOUR Z-line charts waaaaaaay back when were the first ones that I really said AH HA. THAT'S IT.
I could see the momo thing from the beginning but it was the breakout lines on one of your chart that made it all come together.

Ever since then it's been a P/L column issue(beliefs).

Thx

EDIT:

It's funny, I remember jumping around the house with a printed pic and telling my wife, this is it.......this is it!!!!

:shock:


Pro,

I can see the z-lines and momo and have traded it well for about a month profitably, then I did things like over-leveraging, not get out when price closed against me, etc. Seeing it AND trading it consistently are 2 different things.

It is a risk management behavioral issue for me to fix. That is why I am doing the mo line challenge. It is getting me in the "habit" of doing the right thing, cutting my losses fast, and holding my winners longer.

All this from a line.......

Once I habitually do the right thing, then zlines will be my lines instead of a random sit down price. Any line will work, because when you do the right thing, you naturally learn to cut your loss fast and let your winners ride.

I use forex tester2 http://forextester.com they have a limited demo version to test for free on 1 month of data and the paid version is $150. They have free data on 15+ pairs back to 2001 and update data monthly.

The best thing about this is that is really feels like mt4, you can run multiple pairs at once in testing mode and trade off any or all of them.

You can adjust speed of bars and step back and forward. Stepping back before order entry erases the order and allows you the opportunity to fine tune your entries and exits.

I have been drawing my line at 13:00 (7am est) off the h1 bar open in the simulator and switching to m5 to trade it because in my live account I sit down to trade at 7 am until 11:45am est.


Here is what the simulator looks like:


Image


now that is a nice looking simulator. I should get it to give me something
to trade on the weekends. :)
Trade Your Way as Long as It Makes Money!

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