ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed Sep 22, 2010 11:30 am

trueblueTEX wrote:
prochargedmopar wrote:
trueblueTEX wrote:
prochargedmopar wrote:Get a grip, ea's can't think/feel/or adapt on the fly.


I know they can't think/feel or adapt on the fly. There is no adapting in a 10 pip or Margin-call plan. The ONLY thinking is in the original buy or sell.

An EA can easily test this method since in a trading simulator, you can invoke the buy or sell (the only chance you get to think in this plan) at the appropriate time!

10 pips or margin call, run it again and enter the market at a different time.

Buy this time, instead of sell.

The purpose of the EA is not to trade the system, only to check out the viability of your MM scheme.

You have a MM idea that can be easily back-tested, that's all I'm saying.


Your dead wrong.
Sorry, Answer me how the hell an ea can know at what type of momentum or speed price moves to a certain level...or how it acts just before it hits a level.
Or best of all, you think an ea can read market sentiment? Does an ea have any s**t idea what is going on in the geo-politcal arena?
Does an ea know if the market is in a trending environment or has been ranging for days/weeks/months?

No, No, and Nope.
An EA will NOT back-test a discretionary trader with any accuracy at all.
Try it on momo/50% re-trace and see what happens.


The ONLY THING you had in your original MM idea that was DISCRETIONARY was the WHEN you made your order. After that it was 10 PIPS or Marginal CALL!!!!

I SAID you can use an EA to BACKTEST whether your MM idea is worth a s**t OR NOT!!!!!

I didn't say ANYTHING about using an EA to trade.

To BACKTEST YOUR MM IDEA!!!

I didn't say a f&#*g word about using it to ENTER the trade.


Ok, lets play nice.
How can you use something to backtest entries/exits if it doesn't know when to enter or when not to enter?
You might as well scroll through the charts yourself...but even that would not work because there is a huge part of trading that you cannot see without price moving.
Each and every trade is totally different. It's NOT backtestable.
(is that a word?)
cheers.
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Postby prochargedmopar » Wed Sep 22, 2010 11:41 am

Again, I knew there was news on pound, but got to break and saw price tanking so thought there is my line.....but after I clicked and it was still going very fast, I looked at the clock and said, I"m out of here as g/j can really motor during news.

Flat +1

As you can see, it still gave up 25 pips after my exit.

I'm thinking good targets may be 6 e/u, 9 a/j, and 12 for g/j.
EU sure acted like it was suppose to today, just wasn't around when setup were available.

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Postby trueblueTEX » Wed Sep 22, 2010 1:30 pm

prochargedmopar wrote:Ok, lets play nice.
How can you use something to backtest entries/exits if it doesn't know when to enter or when not to enter?
You might as well scroll through the charts yourself...but even that would not work because there is a huge part of trading that you cannot see without price moving.
Each and every trade is totally different. It's NOT backtestable.
(is that a word?)
cheers.


Deal! :D :D

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Postby prochargedmopar » Wed Sep 22, 2010 1:46 pm

All these sweet trades on just ONE currency, and I end the day with 1 pip.
I totally understand (as I can feel it inside) why 95% of people fail at trading.
It so dad-gum simple yet so freakin hard.

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Postby eudamonia » Wed Sep 22, 2010 4:26 pm

One of the key things I learned from Avery was that you must be available when the market is prone to move.

I'll never forget the 1st week we traded together in Mexico. I woke up late for the NY open and attempted to trade the Euro and Russell. The week was not conducive at that time to that session. Avery woke up 1 night at London open (he SAW what was likely to happen) and that Thursday made more in 1 trade than I made all month. As a struggling break even trader at the time, that example stuck with me. As Don Miller says - Outliers and Bias are the keys to the kingdom. Avery has and had both.

Last night on the Euro is a classic example. We had a clear uptrend that started on the 9/21 NY session. Last night when I woke up at the London open (12:30a my time) I knew that 1 of 2 things would happen. The trend would continue. Or the market would cycle and then continue. That was the high probability setup.

With that bias in mind what could you have done last night? The bounce from 13300 to 13400 was so easy and carefree it makes me realize that I will always have great opportunities in the market if I wait for the low hanging fruit. It really is as simple as Avery says.
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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Postby prochargedmopar » Thu Sep 23, 2010 1:43 pm

So far this week, 11 of 11 closed in profit.
Was having difficulty entering trades because I knew it was all or nothing......so switched to 1/2% risk per 10 pips move.

Here is first trouble trade.....

Image

Here are my thoughts on it...... so going for +1 should be cake walk.
1/2% risk per 10 pips move gives a total of 1750ish pip margin call at 50:1.
LMAO

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Postby prochargedmopar » Thu Sep 23, 2010 2:11 pm

what do we have here?

Going long on a carry trade currency can rocket if they decide to move back into risk...and vice versa.

Image

Almost home.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Postby prochargedmopar » Thu Sep 23, 2010 3:39 pm

Flat. 12 for 12.

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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 Sep 23, 2010 3:43 pm

prochargedmopar wrote:Flat. 12 for 12.

Image


The rest of this month I practice, and next month I post every trade with 100% success rate.

ROFLMAO......

It can be done, and it's being done every month by many!!!!
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
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Postby prochargedmopar » Fri Sep 24, 2010 1:44 pm

techchap wrote:I was wondering what Indicators you had used on the charts.

Definitely its more than BZ. Appreciatete if you can name the indicators as it appears on the Navigator panel.



Ummm, now?, or the thousands I've experimented with over the last 1.5yrs?
Just added mini charts back into fold as I was losing sight of larger TF's formations.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
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