How do I determine trend?
Ask. Which way is price moving when I entered this trade?
Now.
Which way was the market moving when I entered again?
See above posts for result.
Sure. I can be a smart ass and trade counter BUT
The pips come much slower AND I must take profits when I see them or they vaporize.
This is TRUTH as it happens day after day after day to ME. My truth.
ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
#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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Re: ProchargedMopar's Trading Trilogy
And now while posting I geta stoploss alert.
See the trend.
Dont worry, im not gonna freak out today.
Its buy on friday day!!!
Anyone notice my huge loss came when I reveresed INSTEAD of just waiting patiently for a new level and new setup?
Im a green rat.
F selling.
See the trend.
Dont worry, im not gonna freak out today.
Its buy on friday day!!!
Anyone notice my huge loss came when I reveresed INSTEAD of just waiting patiently for a new level and new setup?
Im a green rat.
F selling.
#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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Re: ProchargedMopar's Trading Trilogy
Oh man, that is sweet.
And which way was the trend?
Yes, price did bounce off a "level" but which way were the easy pips?
And to think I went long waaay down there by those itty bitty titty committee candles.
And which way was the trend?
Yes, price did bounce off a "level" but which way were the easy pips?
And to think I went long waaay down there by those itty bitty titty committee candles.
#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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Re: ProchargedMopar's Trading Trilogy
When buying in these circumstances this move is what I dream of grabbing.....
Being I'm UNwilling to hold for 100-150 pips.......STOP the insanity.
I must either Scalp using SpaceBalls
OR
Decide to Swing using space.
The difference?
Scalping for me is trading AGAINST trend grabbing pips off price bounces.......I'M NEVER GOING TO RIDE A TRUE REVERSAL FOR HUGE PIP HAULS....NOT GONNA HAPPEN.
Swing trading for me is looking at the chart to determine the trend, waiting for a pullback and entering with first target being the previous swing......eg Ucad above.
Huge difference.
Now all I have to do is HOLD the swingers..........
Using a large stop AGAINST a trend, then expecting to hold for a swing is nonsensical.
Not gonna happen with the fear of market continuation in the back of my brain.
Being I'm UNwilling to hold for 100-150 pips.......STOP the insanity.
I must either Scalp using SpaceBalls
OR
Decide to Swing using space.
The difference?
Scalping for me is trading AGAINST trend grabbing pips off price bounces.......I'M NEVER GOING TO RIDE A TRUE REVERSAL FOR HUGE PIP HAULS....NOT GONNA HAPPEN.
Swing trading for me is looking at the chart to determine the trend, waiting for a pullback and entering with first target being the previous swing......eg Ucad above.
Huge difference.
Now all I have to do is HOLD the swingers..........
Using a large stop AGAINST a trend, then expecting to hold for a swing is nonsensical.
Not gonna happen with the fear of market continuation in the back of my brain.
#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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Re: ProchargedMopar's Trading Trilogy
#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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Re: ProchargedMopar's Trading Trilogy
OH price charts how I love thee!!!!
Looks like a mexican jumping bean.
Looks like a mexican jumping bean.
#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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Re: ProchargedMopar's Trading Trilogy
#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
- rank: 10000+ posts
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Re: ProchargedMopar's Trading Trilogy
#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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Re: ProchargedMopar's Trading Trilogy
When you know where you are going THEN you can plan your path'
M.O.
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
This is a mixture of philosophy and technical chart reading.
"I am mostly interested in 'double failures':
Lower high (failure 1), breakout of lower high but does not close higher (failure 2)
price is in a down-trend, there is a higher high that fails to close higher (1), there is a breakout of that higher high but price fails to close higher (2).
Two is a trend
If you are simply trying to get in on a good thing then you can use any long term breakout as your stop: "
MIGHTYONE
"I am mostly interested in 'double failures':
Lower high (failure 1), breakout of lower high but does not close higher (failure 2)
price is in a down-trend, there is a higher high that fails to close higher (1), there is a breakout of that higher high but price fails to close higher (2).
Two is a trend
If you are simply trying to get in on a good thing then you can use any long term breakout as your stop: "
MIGHTYONE
#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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