ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri May 29, 2015 3:41 pm

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. :shock:

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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri May 29, 2015 3:57 pm

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.

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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri May 29, 2015 4:00 pm

100-200_001.png
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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri May 29, 2015 4:08 pm

OH price charts how I love thee!!!!

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Looks like a mexican jumping bean. :smt026
#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 » Fri May 29, 2015 4:16 pm

buyfri.png
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result.JPG
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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat May 30, 2015 12:39 am

https://www.kreslik.com/forums/post79862#p79878

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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat May 30, 2015 5:40 am

When you know where you are going THEN you can plan your path'
M.O.
#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 » Sat May 30, 2015 4:08 pm

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 :wink:

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

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat May 30, 2015 4:12 pm

Might have?
There was never a failed breakout to short until the 123 yearly high.

[attachment=0]Screenshot_2015-05-30-11-10-47.png[/attachment]
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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat May 30, 2015 4:18 pm

Taking action, or not doing so preferably, upon this ONE concept.....(is concept a philosophy?) will drastically reduce my failed attempts to guess when price is turning off a NEW extreme.

If any action is taken it must be that of reducing the size of my risk box.
You know how that affects my reward multiples.
#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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