For those who just HAVE to pick reversals...calm down and wait on M1 at your desired entry level.
It may take a couple cracks but you will eventually hit pay dirt.
http://screencast.com/t/hQDOuVnfQ
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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#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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- prochargedmopar
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prochargedmopar wrote:Short trade scalp just set up on Ucad, but I'm a GREEN Rat and we are getting into slow time of day......Why risk it?
http://screencast.com/t/CzrQ3Snpa
The greatest asset of all for a person of my psychological makeup by entering at the bband is being able to exit at even or for a small gain.
I had a fun day with the wife and kids at the museum and omni theater.
Texas State fair tomorrow,(yes, I'm a country hick at heart)
and then off to the coast.
Houston kids Museum wed
Boardwalk and rides thur.
Camp on beach,
then hotel on beach fri,
ect.
Just another "mandatory" quarterly vacation.
It was a prenuptial agreement.
#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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Price movements are of supreme interest to me.
The cycles of human action when it comes to $$ are simply amazing.
http://screencast.com/t/CpyFb6ZyhY4
The cycles of human action when it comes to $$ are simply amazing.
http://screencast.com/t/CpyFb6ZyhY4
#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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These are levels of sup/res that were installed on the chart over 1 year ago:
http://screencast.com/t/oohYtZZH
They are the basis for ALL trading decisions.
Edit:
Or should be, I get a little ansy some times.
http://screencast.com/t/oohYtZZH
They are the basis for ALL trading decisions.
Edit:
Or should be, I get a little ansy some times.
#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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Classic 3 time frame setup:
Direction/Momentum/Entry
http://screencast.com/t/izkusD8v
The market speaks, do you listen?
Direction/Momentum/Entry
http://screencast.com/t/izkusD8v
The market speaks, do you listen?
#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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- prochargedmopar
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prochargedmopar wrote:Still working on psychology:
Had a mentor-ship goto meeting and he basically told me the same information that is in "trading in the zone" by Mark Douglas.
Use a time limit to allow the trade to mature before intervening. (1hr. minimum)
Redefine what I believe makes me a winning trader by doing this:
Use 20 trades as the basis for all assessments of skill application and method results.
Determine an acceptable risk (maximum loss) for the 20 trades as if they were all going to be losers. This way, one loss does not cause distress.(revenge trades)
Establish some sort of alternative "trigger" or action to prevent Revenge trading.
After 60 trades, with the proven success of this system, he says my brain will be re-programmed.
In the future use 20-50 trades to review performance and keep the "fragile" psyche in check.
Ive chosen to do 20 on forex tester, then 20 on demo, then 20 with small micro pippage.
9-1 on first 20 trade cycle so far.
date of post above: Jan, 2011
And to think, I wasted the last 2 years trying to be RIGHT 100% of the time.
WTF?
#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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I will be HERE( http://insanityindustries.net/viewtopic.php?f=4&t=575 )because I can not seem to stay logged in to kreslik.com
The conformation code for my pc's is a pain to get through........
http://insanityindustries.net/viewtopic.php?f=4&t=575
The conformation code for my pc's is a pain to get through........
http://insanityindustries.net/viewtopic.php?f=4&t=575
#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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Chart Test
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#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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Weekly looks like 300ish pullback and then another leg up, up, up.
Gonna be a long wait on the next 10 candles.
Not shocked by the open space being filled on m5 after the failure to move higher:
While we are all guessing: EU Daily
Gonna be a long wait on the next 10 candles.
Not shocked by the open space being filled on m5 after the failure to move higher:
While we are all guessing: EU Daily
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- Guessing_EU.png (112.39 KiB) Viewed 3081 times
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- Shocking.png (103.34 KiB) Viewed 3081 times
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- weekly_EU.png (70.01 KiB) Viewed 3081 times
#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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Following the above posts plan, now daily needs a pullback and one more leg down.
Can trade back to 12 for a "scalp" or wait for next leg down and base to build.
Price movements take TOO DAMN LONG.
No wonder I liked the M1 charts.
Can trade back to 12 for a "scalp" or wait for next leg down and base to build.
Price movements take TOO DAMN LONG.
No wonder I liked the M1 charts.
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- progress_EU_weekly.png (71.7 KiB) Viewed 3032 times
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- Smooth_Daily.png (81.57 KiB) Viewed 3032 times
#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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