ProchargedMopar's Trading Trilogy

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dchappy
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Postby dchappy » Thu Nov 06, 2014 5:46 pm

MightyOne wrote:But did you catch this:

Image
No , but what a lovely 1_2_3......

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 5:09 am

CRAP,
I have a position (5 of em') from a 1100 pip extreme,
And now you tell me it's going another 1000?
NOT good.
:lol:
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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

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 3:01 pm

For Chappy
http://www.tradingeducators.com/trading ... dition544/
This guy has got to be about to kick the bucket!!!
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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

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 3:21 pm

This pretty much sums things up: From many years ago by M.O.



-Take small risks and build profit.

-Take the cushion of profit and have your way with it
slowly build a larger position on a longer term chart or temporarily increase your leverage on a small TF chart, the choice is yours.

-When you are looking to trade in the other direction THEN consider the cushion to be your money and guard it like the last beer in the fridge.

I give myself 4.5% to risk per week and see what I can do with it.

He who is faithful with little shall be given much.

If you would just focus on one longer term trade at a time then your life would be so much easier.

I could be wrong 98% of the time and make a fortune...
M.O.
#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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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 3:49 pm

The Pound was one of the pairs that pulled a fast one on my acct.
Trying to trade someone else's method while Looking only at h1/h4 it did a doozy.

Not this time little pisser:
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 4:01 pm

EU 50/50
Must have taken at least 20% of my acct. This looks so clear in hindsight from HTF.
At least the move down to the bottom of the "triangle".
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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

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 4:20 pm

1 bar 2 bar 3 bar 4.
Trade 1-2 bars. M.O.

Another way to look at the "downtrend".
All bear channels are bull flags??
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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MightyOne
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Postby MightyOne » Sat Nov 08, 2014 4:35 pm

prochargedmopar wrote:CRAP,
I have a position (5 of em') from a 1100 pip extreme,
And now you tell me it's going another 1000?
NOT good.
:lol:


Imagine that you go long and make 300 pips.

Now think about how lovely it would be to be short at the
BOx of 0.8400.
Price would either have to move close to or beyond the BOx or you would need several hundred pips of space in order to go short.

You can still take those 8-17 pip gains or buy in the face of long term declines so long as at the end of the day/week/month you are in alignment with the daily/weekly/monthly charts.

That said, I still only target a 57.75-115.5% account gain before considering holding for longer periods of time with a body in the direction of profit:

Image


12- months, 3 successful ideas, 1 zero.

aliassmith
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Postby aliassmith » Sat Nov 08, 2014 4:41 pm

:shock:
Last edited by aliassmith on Sat Nov 15, 2014 7:44 pm, edited 1 time in total.
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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 5:18 pm

aliassmith wrote:
prochargedmopar wrote:1 bar 2 bar 3 bar 4.
Trade 1-2 bars. M.O.

Another way to look at the "downtrend".
All bear channels are bull flags??


Bull trends can have bear channel corrections, but I wouldn't take anything as absolute.

Look up Al Brooks he talks about the different patterns


3 weeks ago or so I finished watching his 36hr 2014 version price action trading course given to me by a friend.
I've watched a few vids 2-3x and I'm currently working through them all again.

Love his method on trading spikes and tight channels.
#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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