ProchargedMopar's Trading Trilogy

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razorboy
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Postby razorboy » Thu May 07, 2009 3:51 pm

ah. i see said the blind man
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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Double Dipping

Postby razorboy » Thu May 07, 2009 7:55 pm

I think you forgot one thing...........

no double dipping? One shot per pair an hour - you stop out you sit it out till the next hour

no?


TheRumpledOne wrote:ALL YOU NEED TO TRADE IS A HORIZONTAL LINE

TRADING IS SIMPLE.

There is an entire industry built around making you think it is complicated.

All you need is a HORIZONTAL LINE on your chart to be a profitable trader.

I bet you doubt me, don't you?

Go long when the price moves UP to a price ends in 00, 25, 50 or 75.

Go short when the price moves DOWN to a price ends in 00, 25, 50 or 75.

IT IS THAT SIMPLE!!

Look at the chart and see how many pips you can make when you trade with the H1 candle color.

Pick ANY candle on the H1 chart.

1) identify the color.

2) let the candle close

3) if the next candle is NOT the same color then:

if the current candle is GREEN go LONG at the FIRST line it approaches

if the current candle is RED go SHORT at the FIRST line it approaches

When to exit? Usually, when price stalls.

Stop loss? If price crosses the previous candle's midpoint.

Does that help?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Thu May 07, 2009 8:27 pm

I think i needed an 80% win rate to b/e with this approach


thanks for the heads up

TheRumpledOne wrote:Razor:

Load the risk/reward indicator and plug in those numbers. Post the chart and tell me what you see.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

pierre23
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Postby pierre23 » Thu May 07, 2009 11:37 pm

prochargedmopar wrote:TRO Thankyou, Gracias, gratuity fund $492.68 + $49.41 =
Target Hit $500

PAID IN FULL!!!!!!!!!!!!!


Congrats! After your ups and downs you finally reached your goal. Well done for keeping with it.

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Postby razorboy » Fri May 08, 2009 1:38 am

Hey I hope that Pro hasn't been let out of the corner yet..........

Too many traders per hour!!!
1 long and 1 short per pair per hour :)

well done.........

Doing a tour of duty in straight line hell myself for the next week......

3 pair - max 2 trades per hour per pair

prochargedmopar wrote:Today was a TEST as I was only $7 from having the Thankyou fund money.....
Result-------FAILED!
+24.6
Account up 6.05%

I concentrated all night on what I would do if I had a losing trade.
The market went CRAZY and whipped 50 pips in 3 sec.
Stopped out/slipped stop.
I decided to grab some pips back.....errrrrrrrrr
I was down 40 pips total TWICE.
Hmmmmmmmm.

Last rule of thumb: check for news every hr BEFORE Trading.

Look at this.

10795346 EUR/JPY 20 B 132.990 132.993 0.3 0.61 0.00 5/7/2009 09:55 5/7/2009 09:55
10795098 EUR/JPY 20 B 133.041 133.043 0.2 0.40 0.00 5/7/2009 09:53 5/7/2009 09:53
10788472 EUR/JPY 20 B 133.031 133.070 3.9 7.84 0.00 5/7/2009 08:51 5/7/2009 08:51
10787395 EUR/JPY 20 B 132.680 132.958 27.8 55.97 0.00 5/7/2009 08:45 5/7/2009 08:48
10786917 EUR/JPY 20 B 132.620 132.958 33.8 68.05 0.00 5/7/2009 08:43 5/7/2009 08:48
10786884 EUR/JPY 20 S 132.541 132.703 -16.2 -32.58 0.00 5/7/2009 08:43 5/7/2009 08:43
10786489 EUR/JPY 20 B 132.707 132.549 -15.8 -31.79 0.00 5/7/2009 08:41 5/7/2009 08:43
10786347 EUR/JPY 20 B 132.470 132.573 10.3 20.71 0.00 5/7/2009 08:40 5/7/2009 08:41
10786253 EUR/JPY 20 B 132.464 132.470 0.6 1.21 0.00 5/7/2009 08:39 5/7/2009 08:39
10786174 EUR/JPY 20 B 132.478 132.373 -10.5 -21.11 0.00 5/7/2009 08:38 5/7/2009 08:38
10786114 EUR/JPY 20 B 132.445 132.473 2.8 5.63 0.00 5/7/2009 08:38 5/7/2009 08:38
10786055 EUR/JPY 20 B 132.466 132.407 -5.9 -11.87 0.00 5/7/2009 08:38 5/7/2009 08:38
10785797 EUR/JPY 20 S 132.446 132.340 10.6 21.30 0.00 5/7/2009 08:37 5/7/2009 08:37
10785662 EUR/JPY 20 B 132.281 132.546 26.5 53.22 0.00 5/7/2009 08:36 5/7/2009 08:37
10785605 EUR/JPY 20 S 132.168 132.069 9.9 19.90 0.00 5/7/2009 08:36 5/7/2009 08:36
10785466 EUR/JPY 20 B 132.678 132.520 -15.8 -31.78 0.00 5/7/2009 08:35 5/7/2009 08:35
10785031 EUR/JPY 20 B 132.689 132.476 -21.3 -42.85 0.00 5/7/2009 08:30 5/7/2009 08:34
10784749 EUR/JPY 20 B 132.545 132.595 5 10.07 0.00 5/7/2009 08:24 5/7/2009 08:26
10784575 EUR/JPY 20 S 132.573 132.532 4.1 8.25 0.00 5/7/2009 08:22 5/7/2009 08:24
10784182 EUR/JPY 20 B 132.773 132.611 -16.2 -32.62 0.00 5/7/2009 08:15 5/7/2009 08:22
10783145 EUR/JPY 20 B 132.580 132.673 9.3 18.73 0.00 5/7/2009 07:59 5/7/2009 08:11
10783075 EUR/JPY 20 S 132.543 132.636 -9.3 -18.74 0.00 5/7/2009 07:58 5/7/2009 08:00
10782235 EUR/JPY 20 B 132.708 132.546 -16.2 -32.63 0.00 5/7/2009 07:50 5/7/2009 07:58
10782007 EUR/JPY 20 B 132.531 132.598 6.7 13.49 0.00 5/7/2009 07:48 5/7/2009 07:49
Total 480 24.6 49.41
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby noone22 » Fri May 08, 2009 9:26 am

prochargedmopar wrote:TRO Thankyou, Gracias, gratuity fund $492.68 + $49.41 =
Target Hit $500

PAID IN FULL!!!!!!!!!!!!!


Congrats, pro !!!
Well done!

But to be exactly break-even - you still have to earn
$7.91 ($500 + $50 - $492.68 - $49.41),
unless you're lucky to have broker,
who's not charging $50 withdrawal fee.

I hope, you'll achieve this in 2 trades at maximum.
And then - you'll have all Forex market at your disposal.
Progressing with speed of arithmetic progression -
one only could imagine all the horizonts rising before him!

Don't stop this thread - we'll lose such a good educational resource then!

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prochargedmopar
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Postby prochargedmopar » Fri May 08, 2009 1:36 pm

Thanks for all the congrats!

noone22,
Gotcha covered today. LOL
No withdraws planed until I get to $20k/$25pips/at 2.5% risk/with 20pip S/L

Today one trade with re-entry. It backed up about 10 and then it made a run back toward the line so I entered again a few pips before the 2nd touch.
+64.5 pips +14.98%

GRAB ALL YOU CAN, GIVE NONE BACK!!!


10837651 EUR/JPY 20 B 133.380 133.730 35 70.33 0.00 5/8/2009 08:06 5/8/2009 08:30
10837473 EUR/JPY 20 B 133.435 133.730 29.5 59.28 0.00 5/8/2009 08:04 5/8/2009 08:30
Total 40 64.5 129.61
#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 May 08, 2009 6:44 pm

I thought about a way to bring more awareness to my emotions and help me look like a poker player while trading.
This weekend I'm getting a mirror to set between my monitor and my laptop.
This will let me see if all the veins are popping out of my head. Or if my face is riled in a grimace.
And,
What about a big smile or a look of elation and exuberance?

They all come from the same location within us.
Maybe I can try to look like all the old men that you see on the poker channel.
LOL
#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 PTG » Fri May 08, 2009 7:16 pm

prochargedmopar wrote:I thought about a way to bring more awareness to my emotions and help me look like a poker player while trading.
This weekend I'm getting a mirror to set between my monitor and my laptop.
This will let me see if all the veins are popping out of my head. Or if my face is riled in a grimace.
And,
What about a big smile or a look of elation and exuberance?

They all come from the same location within us.
Maybe I can try to look like all the old men that you see on the poker channel.
LOL


What about throwing in a web cam so that we can watch all this ????? :shock: :lol:

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Postby prochargedmopar » Fri May 08, 2009 7:28 pm

pierre23 wrote:Pro, what currency are you trading? I'm mainly trade the EJ, did you take the 25 psych short this hour? 100pips right there. I managed 32, but because I was using double lots on my live accnt I saw it stalling and took my profit. Puts me at +96.6p/+$132/+13.2% so far today. Helps after a decent hit to the accnt last night with 2 stupid trades.

Just got to minimize losses and work on the profitable trades. It's getting easier the more I trade, because I can start to see my winners are usually much larger than a loss I could have had, but let run which turned into a bigger loss.


pierre23,
Sorry I missed your question.
Yes, I've settled on e/j for now.
Lots of pips available and it will make me better down the road if I ever start trading multiple pairs.

Sounds like you are fairly new at this too.
How long have you been trading?

Which method are you using?
Last edited by prochargedmopar on Sat May 09, 2009 3:39 am, 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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