ProchargedMopar's Trading Trilogy
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- noushina
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prochargedmopar wrote:
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.
No wonder I couldn't quite match it, I got to 3x3smoothed but hadnt tried 3x2.
Nice on a day chart! Could trade once a day with about 10 to 1 leverage and not worry too much but I would still use a stop I think
- prochargedmopar
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jarnapal wrote:It doesn't take much to open a winning trade but managing the current trade (adding and closing positions) is a different story. I think you won't open 1 lot trade just because the price opened below/over the line but more likely you will want to build that trade up to deserved size.
Something I've never noticed before. I could "feel" it today while trading but never really put my finger on it till now. Very interesting.
We all know that price does NOT turn on a dime to start a new trend.
Looking at the chart you could eliminate ALL but one loss if you waited for the 2ND price cross in opposite direction to enter the "new" trend. Price always goes back to re-test which gives you the whipsaw action. I'll have to look at that on a smaller time frame. (largest correction that does not return to the extreme) is the stop-out move.
"Time of day" for day traders is still very important as nothing but pure bounce trading will prevent low volume consolidation whipsaws.
#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
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prochargedmopar wrote: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.
Doesn't look like anyone was willing.
#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
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All this talk about an indy, then I go RE-watch this for reality check.
http://www.fxstreet.com/webinars/sessio ... 8b196c6e87
View at least first 3-5 min.
BTW, his trade call on u/j to 83.15 in vid missed by 2 pips, and also looking at his G/U D1 chart you can see a 220 pip bounce off supply zone from his entry point. Z-line is same exact entry.
http://www.fxstreet.com/webinars/sessio ... 8b196c6e87
View at least first 3-5 min.
BTW, his trade call on u/j to 83.15 in vid missed by 2 pips, and also looking at his G/U D1 chart you can see a 220 pip bounce off supply zone from his entry point. Z-line is same exact entry.
#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
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jarnapal wrote:prochargedmopar wrote: Price always goes back to re-test which gives you the whipsaw action.
"The price always came back to the 0-50% range where it closed over. Otherwise it went further and closed over the spot where it previously closed over and will soon go back to the previously closed area of 0-50%."
closed over -> came back -> closed over
- prochargedmopar
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vladv wrote:Anybody care to share the latest official indicators and template/s for this strategy?I can't find them on this thread......
Your funny, you call this a strategy.
Good one.
Here are the indicators I'm using. All you really need though is previous D1/W1 highs and lows, MA of your choice, some sort of range gauage, and round #'s plotted within a few hundred pips.
#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
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No trades yet, amazing what happens when you know up front that entire account is on the line.
Hmmmmmmmm
Hmmmmmmmm
#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
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