ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Sun May 16, 2010 5:20 pm

#3 is the hardest to explain but the EASIEST TO SEE.

Open a chart, any chart, doesn't matter.
Look at that chart.
Where did price turn/bounce/pause, ect..??

If it is NOT totally visible to you CLEARLY and the rest of the planet that's NOT it.

In reality ALL a person needs is Rule #3.
That's it, no fancy rules like highs/lows/Range/ Pips from here, pips to there, Daily, Hourly, indicators.......NOTHING like that.

Pro's 2 rule trading system.

1. Wait for price to move to a sup/res level.

2. Take a trade in the direction of the market flow( ASK YOUR 8 YR OLD CHILD TO TELL YOU WHICH WAY PRICE IS MOVING)

TAKE ALL YOU CAN GIVE NOTHING BACK......LOL


If the kid can't tell you, close the trading station.
If you can't see a CLEAR level, WAIT.

Never looked at this chart before. (Is mxn the peso?)
Where were the trades?
What do we do now?

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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TheRumpledOne
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Postby TheRumpledOne » Sun May 16, 2010 7:17 pm

MXN = Mexican Peso
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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prochargedmopar
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Postby prochargedmopar » Mon May 17, 2010 7:53 am

Sample:

"2 rules trade"

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#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 May 17, 2010 10:09 am

PRO'S 2 RULE TRADING SYSTEM WORKING LIKE A CHARM!!!

See support?
See Market flow?
See Pips?

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 prochargedmopar » Mon May 17, 2010 11:47 pm

I posted this above my desk last year not to long after starting my pippin' career.
Minor adjustment has been made.

Doh.

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#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 tmanbone » Tue May 18, 2010 12:03 am

prochargedmopar wrote:I posted this above my desk last year not to long after starting my pippin' career.
Minor adjustment has been made.

Doh.

Image


And for each one that passes, the next one seems to pass a little quicker. Don't miss Dragon's post, today, in the z line thread, IMO it's the best summary, of what he does, that I've seen.
"The simplicity of the markets is it's greatest disguise"

T

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Postby prochargedmopar » Tue May 18, 2010 1:44 am

Level of interest.

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#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 May 19, 2010 3:43 pm

Blew another account, basically
see below for p/l

I got some + on mbtrading (+30) and also a +60 on fxcm......
poor fxdd, it's getting KILLED.
Hmmmmm, maybe I should follow the rules???

Not pretty.

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 prochargedmopar » Thu May 20, 2010 5:26 pm

First long I saw 100ish and took 78ish.

This long here I saw 154, will hold for 120 pip stop or a few hundred.

Image

WAIT for a trade that suites your fancy?

LOL
Last edited by prochargedmopar on Thu May 20, 2010 5:35 pm, 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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prochargedmopar
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Postby prochargedmopar » Thu May 20, 2010 5:28 pm

BTW, last time that bad boy dropped 800+ I blew an account....
NOT today.

Was back to only $30 lost yesterday.
B/E ish today.......had to use a little hedging to get out of bad situation but good practice.

Nice to know I can buy, buy , buy when market is tanking and still get out alive.
#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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