ProchargedMopar's Trading Trilogy
Moderator: moderators
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15564
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
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"
Thanks!!!
#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:
London open trade review.
Added a fancy indicator to chart and it tells you which way to trade.
Added a fancy indicator to chart and it tells you which way to trade.
#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
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
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
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:
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!!!!
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!!!!
#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: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!!!!
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:
- bredin
- rank: 1000+ posts
- Posts: 1033
- Joined: Mon Feb 16, 2009 10:41 pm
- Reputation: 7
- Gender:
- Contact:
Aarrggghh!
thanks zapzinig! Now I will be frustrated for a week until I can return to my trading machine at home....
G.
thanks zapzinig! Now I will be frustrated for a week until I can return to my trading machine at home....
G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2847
- Gender:
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!!!!
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:
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!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.