ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 3:50 am

dojirock wrote:Kiss


I ONLY liked the green boxes,
Even simpler.
"No diddle in the middle" Alphonso Moreno

Image
Last edited by prochargedmopar on Mon Dec 22, 2014 5:56 am, edited 1 time in total.
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 4:06 am

Counter trend to D1 "simplicty" h4 ENTRY chart with Mo n Go

Image

With trend M1/W1/H4/H1

Cant really claim to be with H4 trend as supply is still in control. Look left.
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Mon Dec 22, 2014 5:11 am

A long term chart is not the same as a short term chart...
price can move hundreds of pips past resistance without breaking it.

You can trade a 5 minute chart based on numbers, but you can only
trade a monthly chart with forethought.

You might consider the whole chart when trading a 10 minute chart,
but to consider the whole weekly chart is foolish.

Here I circled the PA that I would consider...

Image

...if it were a 240 minute then I might consider more data.

Lastly:

I have traded the 12, 6, 3, 2, & 1 month chart so I can say with confidence
that there is no reason to ever look at anything larger than the monthly chart;
the monthly chart itself is only useful twice a year.

Somewhere between 2 days and 2 weeks is an optimal long term chart...
all that I am saying is that I love long term charts and I won't go outside of this
range.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 6:03 am

MightyOne wrote:A long term chart is not the same as a short term chart...
there is no reason to ever look at anything larger than the monthly chart;

Somewhere between 2 days and 2 weeks is an optimal long term chart...


10/2 = 5
That settles it.

1 week it is.
I Look at it on Sun. and Wed.

I trade the daily positions.
I enter on H4 or H1

D1/h4/h1
:P
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 5:49 pm

According to rules I may have to dump this trade.
But it just "feels" like it wants to go up. Uuuugh.

I could move my position up to just below the D2+ extreme.....but that doesn't seem like the extreme to me.
Below the first swing low to the left seems more like the "extreme" on this chart.

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 5:55 pm

The D2+ extreme is about 75 pips away.
$402 acct balance
Risking 3%
To normalize risk........
Lot size would have to move from 300 units to 1608 units or about 0.16 cents a pip instead of 3 cents.


Same 3% risk as above but using the daily swing low to the left its about 300 pips away.
Lot size would have to move up to about 402 units OR 4 cents a pip. There abouts.
#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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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Mon Dec 22, 2014 6:06 pm

Either you went long or are planning to go long or are planning to gamble on a short hoping that price conforms.

Any S/D levels are irrelevant, focus on what you need RIGHT NOW & then take it one day at a time.

Image

I need to enter from the 2+ day extreme or from the BOx.
If I take a gamble against the direction of profit then I need the large
chart candle to conform and give me a sign that price is in fact reversing.

Simple as that.
Last edited by MightyOne on Mon Dec 22, 2014 6:07 pm, edited 1 time in total.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 6:06 pm

Ok PRO,
pay attention. don't get side tract.

LOL

Image
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 6:15 pm

MightyOne wrote:Either you went long or are planning to go long or are planning to gamble on a short hoping that price conforms.

Any S/D levels are irrelevant, focus on what you need RIGHT NOW & then take it one day at a time.

I need to enter from the 2+ day extreme or from the BOx.
If I take a gamble against the direction of profit then I need the large
chart candle to conform and give me a sign that price is in fact reversing.

Simple as that.


I'm long, I'm staying long.
I like the looks of both the monthly AND daily chart. The weekly looks like crap for longs.

2 of 3, it's a gamble.

Image
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 22, 2014 6:30 pm

My lines in the sand.

I've had enough,
Imma do this s**t!!
I'm doin this s**t right now.
And do it right.

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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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