ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Fri Oct 01, 2010 3:05 pm

Well, It's sept.

Lets see if we can have 100% win rate for the month.
I'll do my best to let the tp get hit, but if I'm up some pips and something comes into the market that doesn't look right I'll close at +pips.

Most trades will look like this:

Image

I start with margin call as stop, then may enter one if in profit a decent amount.

Trading chart I'm using looks like this:

Image

I removed pivots and the "Worthless Indicator" so as not to get distracted or over analyze the direction price is heading.
The moving avg does not have anything at this point to do with the trades, see above pic and trade as example.
I wish it did though, look at all the pips you could make just with it alone.

I will be trading the pairs that require the lowest margin requirements with the exception of E/U.

Here is my starting balance and current P/L.

Image

Money management (or lack there of to some) will be as such:

10-15 pips target but May let some part of position run.
No Stop. Margin call in pips is based on % gain on 10 pip move.
50:1 maximum margin available.
1/2% gain per 10 pip move is 1800 pip "stop".
1% equals 800 pips to margin call and 20% balance remaining.
2% is 300 pips and 40% remaining.
2.5% would be 50% of account on margin call and 200 pips for trades to be closed.

I will try to take at least 2 trades a day but If I don't see anything, I'll sit.
#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 » Fri Oct 01, 2010 3:34 pm

Hell,
Maybe I should use the ma. Look at the daily range, a PALTRY 65 pips and this is what you can get?????????????

Image

Holy mother of Mary.
#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 » Fri Oct 01, 2010 4:06 pm

Oh, and look at this cruddy duddy:

"normal"market movement of mediocre range on g/u.
The X's are stop outs of minor consequence for those who are OK with losing.

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 jarnapal » Fri Oct 01, 2010 4:52 pm

The idea is to enter when the price opens below/under the ma ? Looks like it works well if you know the exit ;)

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Postby noushina » Fri Oct 01, 2010 4:53 pm

It almost looks like you are entering on the price closing one side or the other of a 3x3 dinopoli.

edit : oh hi Jar. Looks like you posted same times as me and asked same.

Also Pro, you aren't sleeping? Or are those just hypothetical trades that could have been taken over a 24 and 48 hour period? Even hypothetically, its pretty impressive -- just when I am swearing off MAs.

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Postby jarnapal » Fri Oct 01, 2010 5:11 pm

This is usually time to spin the coin (if you know what I mean PRO) but these flashes of ideas and motivation that these kinds of seeings create make your mind so creative that eventually you will end up with a strategy that you can't wait to test out on monday ! The same just happened for me :lol:

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Postby prochargedmopar » Fri Oct 01, 2010 5:18 pm

yeah, it's hypothetical. I only wish at this point I could trade like that.
Exit is easy, when candle closes over the ma in opposite direction OR when you get to a visual sup/res level. Your choice.

Watch what time of day you trade it though or your gonna be toast. well, unless you have no stop like me....heheheh

People don't understand that when the market is not going anywhere, it's not going anywhere, which means you can exit b/e

I'm 24 of 24 since last thur. but I did have a couple 50 pip draw downs just to exit at +1.

lol

I don't trade this ma yet. I enter when market makes a fast move in the opposite direction... ;)
See trade a couple posts up.

Some tweet just said u/cad breaking below a certain low........get a grip dude.
Looks like it on H1 but on h4 or D1...no way, it's not going anywhere, it's fri.
Who in right mind is gonna commit money outside of that 170 pip range on fri afternoon when there is a pivot low from months ago 60 pips below....NO WAY.
off to bed
cya's.
#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 » Fri Oct 01, 2010 5:31 pm

noushina wrote:It almost looks like you are entering on the price closing one side or the other of a 3x3 dinopoli.

edit : oh hi Jar. Looks like you posted same times as me and asked same.

Also Pro, you aren't sleeping? Or are those just hypothetical trades that could have been taken over a 24 and 48 hour period? Even hypothetically, its pretty impressive -- just when I am swearing off MAs.


I don't sleep much, will be getting up in 3.5hrs. I work usually 6 days a week but still watch the market all 3 sessions.. :shock:

Need to refine a 2hr a day trading plan like the waltz or something.
:roll:
#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 jarnapal » Fri Oct 01, 2010 5:39 pm

prochargedmopar wrote:
noushina wrote:It almost looks like you are entering on the price closing one side or the other of a 3x3 dinopoli.

edit : oh hi Jar. Looks like you posted same times as me and asked same.

Also Pro, you aren't sleeping? Or are those just hypothetical trades that could have been taken over a 24 and 48 hour period? Even hypothetically, its pretty impressive -- just when I am swearing off MAs.


I don't sleep much, will be getting up in 3.5hrs. I work usually 6 days a week but still watch the market all 3 sessions.. :shock:

Need to refine a 2hr a day trading plan like the waltz or something.
:roll:


That's too much charts for brain. If you watch charts too many hours you will loose the ability to observe. However watching charts more than 2 hours is essential but watching charts more than 7 hours can be not helpful.

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Postby prochargedmopar » Fri Oct 01, 2010 5:51 pm

Maybe the get rich quickers' could trade 16 pairs.....If this is not enough.
LOL

Image

BTW, that's a dinopoli pro_modified_ma..... ;)
3 smoothed ma shifted by 2 with median HL2

OR you can use an 8 sma. It's within 2 pips of same entry on m15 chart...most times exact same price.
#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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