ProchargedMopar's Trading Trilogy

[v8power]

Pro I feel your pain. I feel like I was just like you. Always looking at a hundred charts, different currencies and jumping from one method to the next. I know you follow MO, so it kills me to see you not winning at this yet. I posted a chart of how I would have taken 2 trades on the G/U today.

Try this. All next week pick one currency and one trade setup and that is all you can trade. So lets say you pick my favorite and what really turned my trading around, 4hr MZ trades. So you look at whatever currency your trading and you cant even think about placing a trade until your in a 4hr MZ. Once in one go to a 15 min chart and look for the setup 1. non momo, 2. momo, 3. price wicks momo. That's all, that's it and post your results for us to see. Of course you can pick whatever setup you want. Once you have a foundation then you can add to it and learn to bend the rules and other setups to look for. Hope this helps

Also while I trade I constantly re read NLA, Lux's and Beetlbox's thread. Each time I learn one or two things new or how to add something to my trading aresanal. Next up is The idea's I trade by and starting to look at longer time frames. Hope this helps.

[prochargedmopar]

Trading WITH the banks

[prochargedmopar]

GU m15 for scalpers.

This is a "way" to trade, but NOT how I do.

Why?

[v8power]

Im sorry. I misunderstood your post. I thought you had been losing. Well Im glad to see your winning. Just keep doing your thing then.

[prochargedmopar]

haha,
My acct shows what I've been up to,
And it's all red.
LOL

[aliassmith]

haha,
My acct shows what I've been up to,
And it's all red.
LOL

[prochargedmopar]

GU daily chart study of "something".

[prochargedmopar]

My question to me is.....
Why do charts looks so clear with closed candles?

On tester, I do not practice trading with ticks. I click candle by candle.
Decisions are easily made. levels are seen clearly.

Very weird.

Placing limits/stops is a breeze and getting to the final
result only takes a few or 30 clicks of the spacebar.

Results.
Spectacular.

Hmmmmmmmmmmmm

[prochargedmopar]

haha,
My acct shows what I've been up to,
And it's all red.
LOL

I was teaching a guy how to trade because he found out that I am a trader
and wanted to learn. I exposed him to several methods. After working with
those methods he discovered he was profitable with one of the methods.
Now he focuses on that one method and uses discipline and manages risk.
He doesn't make 1000% a year, but he is profitable and loves it.

What he discovered was discipline and risk management was the top important
factors of his success.

When your discipline and risk management went out the window you lost big!

Its hard to be as good as MO, focus on being a great you. I don't make over
1000% a year like MO, but 300%+ is fine with me.

So if you started with $1000 5 yrs ago that means you have $243,000
in your acct currently.

Next year you'll be close to the aspiring fxtraders $1mil goal.


P.S.
I don't believe in discipline, it's a myth.
"BE", do, have.
Takes NO discipline at all.

[prochargedmopar]

I do NOT force myself to head out into the garage and lift "heavy" s**t 6 days a week.
I love it, it's who I am.

I do NOT force myself to go to work 5 days a week,
I hate it, it's who I am.