ProchargedMopar's Trading Trilogy

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newschool
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Postby newschool » Fri Aug 20, 2010 2:38 pm

prochargedmopar wrote:Next week I gotta get serious.


Find your edge and trade it. Wether you have more wins than losses in %, or you have more profits than SL in pips, you find an edge and you trade it...
I can send you the RSI EA so you will finally see that its actually great at loosing money.

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Postby bredin » Fri Aug 20, 2010 9:35 pm

RSI... isnt that indi known as "The Fastest Way To Empty an Account in Known History"?

G.
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Postby bacoazul » Sat Aug 21, 2010 1:47 am

bredin wrote:RSI... isnt that indi known as "The Fastest Way To Empty an Account in Known History"?

G.


Only if you combine it with an EMA, lol, just kidding
These are my principles. If you don't like them, I have others.

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prochargedmopar
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Postby prochargedmopar » Sat Aug 21, 2010 7:23 am

You guys do NOT understand how to use an indicator!
If used properly momentum oscillators actually LEAD price.

READ MY SIGNATURE.....
:shock:

And for the 1000'th time. loose is actually spelled "LOSE".

Who in there right mind would use an oscillator as an overbought/oversold indicator is BEYOND 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

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prochargedmopar
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Postby prochargedmopar » Sat Aug 21, 2010 7:35 am

On 2ND thought, if you really do have an RSI ea that is GUARANTEED to lose money, notice I said "lose", then send it. All I'd have to do is REVERSE the system and be guaranteed to make money. RIGHT?

Oh, and here are a couple hints:
Wave counter,
Price pattern dashboard,
Divergence alerter.

ALL are signals....NEVER a trigger to enter a trade......Send me the ea please.....LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Sat Aug 21, 2010 8:04 am

"To win at trading you must know why everyone else is losing. You must know why you lose to understand how everyone else loses. When you know how losing happens, then, and only then, can you execute against the loser to win."

... Jason Alan Jankovsky, The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby jarnapal » Sat Aug 21, 2010 11:11 am

There's nothing wrong with using RSI. Put RSI (4) on your chart, apply blubb's zeroline indicator and put on 15 min chart. Observe the place where RSI is in extremes. You can use it for BO-s too as told in The Long Candle Course.

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Postby MightyOne » Sat Aug 21, 2010 2:48 pm

"OBV is calculated by adding the day's volume to a running cumulative total when the security's price closes up, and subtracts the volume when it closes down.

For example, if today the closing price is greater than yesterday's closing price, then the new

OBV = Yesterday's OBV + Today's Volume

If today the closing price is less than yesterday's closing price, then the new

OBV = Yesterday's OBV - Today's Volume

If today the closing price is equal to yesterday's closing price, then the new

OBV = Yesterday's OBV" -StockCharts.com


I wonder what OBV would look like if calculated using CC as 3 candle CC often yield a longer series of same colored candles...


Image

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gfg1
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Postby gfg1 » Sat Aug 21, 2010 5:21 pm

MO, how do you get the OBV indi to overlay on top of the price bars? TIA

MightyOne wrote:"OBV is calculated by adding the day's volume to a running cumulative total when the security's price closes up, and subtracts the volume when it closes down.

For example, if today the closing price is greater than yesterday's closing price, then the new

OBV = Yesterday's OBV + Today's Volume

If today the closing price is less than yesterday's closing price, then the new

OBV = Yesterday's OBV - Today's Volume

If today the closing price is equal to yesterday's closing price, then the new

OBV = Yesterday's OBV" -StockCharts.com


I wonder what OBV would look like if calculated using CC as 3 candle CC often yield a longer series of same colored candles...


Image

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prochargedmopar
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Postby prochargedmopar » Sun Aug 22, 2010 12:55 am

MightyOne wrote:"OBV is calculated by adding the day's volume to a running cumulative total when the security's price closes up, and subtracts the volume when it closes down.

For example, if today the closing price is greater than yesterday's closing price, then the new

OBV = Yesterday's OBV + Today's Volume

If today the closing price is less than yesterday's closing price, then the new

OBV = Yesterday's OBV - Today's Volume

If today the closing price is equal to yesterday's closing price, then the new

OBV = Yesterday's OBV" -StockCharts.com


I wonder what OBV would look like if calculated using CC as 3 candle CC often yield a longer series of same colored candles...


Image



Wouldn't it be easier to open a 3x chart and take a gander?
H1.....look at H3
H8....look at D1
M5....m15, ect. ect.


You always say its the LINE that is what matters anyway.....or a fast moving extreme for the exit. I don't see much value in OBV but I'm sure there are those that live and die by it. More power to em'.
#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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