ProchargedMopar's Trading Trilogy

[prochargedmopar]

Well,
I'd be up 60 pips If I sold EU back in 92'

Dad says I'd be better off than if I had bought GM stock.
LOL

[aliassmith]

Well,
I'd be up 60 pips If I sold EU back in 92'

Dad says I'd be better off than if I had bought GM stock.
LOL

Probably would have margin called instead

[prochargedmopar]

Probably would have margin called instead

LOL
It would be cool if we had a LIKE button here.

[aliassmith]

Probably would have margin called instead

LOL
It would be cool if we had a LIKE button here.

lol
I don't do facebook this is my tradebook site

[prochargedmopar]

This is funny,
These guys feel like they hit the holy grail trading weekly/daily breakouts like mad.

They are taking RH breaks.

Yikes. And many of them are banking LOTS of pips.
It's amazing the detail though that they have learned about S/D in only a few yrs of trading.

"Beginning traders are always waiting for pullbacks because they are scared, Professional traders take breakouts." Al Brooks

"Some tips, these are VERY important:
Don't overestimate your knowledge of the markets
Take breakout trades only based only Daily and Weekly scenarios. The lower the timeframe the more noise you will find and the more losses you will have
Take the most obvious ones based on pre-CPs that go with the direction of the main trend and has a bigger timeframe in control
DO YOUR HOMEWORK (tests). Test these scenarios on Forex Tester for a few weeks before taking any live trades. The fact that I'm taking them and work for me DOES NOT mean that they will for you. I'm taking them because I've done my homework, will you do yours? If you don't, you know the results you will get
Don't take the trades just because I take them and they work, you have to built in that knowledge and experience in your neurons by consistently testing the scenarios"
Alphonso M. http://www.set-and-forget.com/

What trips me out is you'd think they would at least enter on a TTE .
Then possibly add on the RH break.
Hmmmmm
Doesn't matter 2:1 is good too. LOL

[prochargedmopar]

Scenario #2.
2:1 risk is 2%
50sl/100tp $10,000 acct.

Trade #1
Risk $200 to make $400.
Lot size was $4
Trade #2
Risk $200 to make $1200
Lot size was $12
Trade #3
Risk $0.0 to make $3200
Lot size was $32

400+1200+3200 = $4800
48% gain on acct.

[prochargedmopar]

Trading is so easy that I die a little inside every time that I place a trade. M.O.

5/18/09
Market speed is based on the size of the correction that returns to make new highs or lows. A LARGER CORRECTION THAT DOES NOT RETURN TO NEW HIGHS OR LOWS IS NOT A CORRECTION.
This is the single most important concept to understand. A concept that is a large piece of my crystal ball.

Even if you consider the average of the two numbers you are still looking at _ a 104% weekly return.
Not that you would trade the weekly...
All i am saying is that more is achieved through patience than through force and no person, myself included, knows what is going to happen next.

It helps to understand why you are using the MM that you are using instead of playing with this or that until some thing seems to work.
When you are using a 45 SL and trading in the direction of the trend you are saying that the market did not and should not retrace 45 pips from the low when taking this short.
You are saying that a move greater than 45 pips is not a correction.
When you are using a 45 SL and trading the reversal then you are saying that the market: retraced 45 pips from the low, corrected less than 45 pips, and hit your horizontal to go long.
You are saying that a move greater than 45 pips is not a correction.
Now reread replacing the 45 SL with a 15 pip SL...

Notice how you arrive at the most powerful chart formation; the 1-2-3.

[prochargedmopar]

http://www.forexfactory.com/showthread. ... ost7971809

"As human beings most of us want instant gratification, and I'm afraid instant gratification doesn't work with trading, in fact it hardly works with anything!" Alfonso

"When we take profit on our first or second trades of a sequence and put it in our pockets we are focused on (instant gratification)." Pro.


s**t, I'm gonna get banned by the moderator. hehehehe

[prochargedmopar]

$945 acct balance.
Risk 1% or 9.45 with 50sl/100tp X3
26% increase on 3 trade sequence.

$245.70 added to equity.
Risk. $9.45?

Let's see, @ lunch I can get a Jimmy John's gargantuan Un-which with a large Un-sweet tea for about $12.00

I can go to Jack in the Crack and get a 4 piece chicken strips, Sourdough Jack, and 2 Monster Bacon ranch taco's for about $12.00

So basically, I can exchange what turns to s**t for $245.70 in 3 trades.
OR, lose my lunch money.

So if I lost $9.45 every day for 5 days in a row..........all that means is I'll be stuck eating sardines, kipper snacks, and turkey-veggie n cheese bowl mix for lunch all week.


Not the sardines!!!!!! I better look for a good trade setup.

[prochargedmopar]

I did not take these BUT, One pair/H4 chart, We got some levels coming up that look tasty. (not sardines, I'm sick of those)
New motivation, Trade to avoid eating sardines and crackers. LOL