Might have?
There was never a failed breakout to short until the 123 yearly high.
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ProchargedMopar's Trading Trilogy
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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
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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
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
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.
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
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Re: ProchargedMopar's Trading Trilogy
"I will trade in anticipation of a second failure on a small chart.
When the candle finally does close lower I call it 'conformity'; 'confirmation' is waiting for something to happen, 'conformity' is doing something first and expecting things to follow suit.
Don't get carried away though, "
MightyOne
When the candle finally does close lower I call it 'conformity'; 'confirmation' is waiting for something to happen, 'conformity' is doing something first and expecting things to follow suit.
Don't get carried away though, "
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
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
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Re: ProchargedMopar's Trading Trilogy
This is what I do in the A.M. on my 7th wedding anniversary trip to Florida.
Read my trading bible.
Heading back to our honeymoon spot with little baby In-Tow. (mammas belly)
Read my trading bible.
Heading back to our honeymoon spot with little baby In-Tow. (mammas belly)
#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
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
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Re: ProchargedMopar's Trading Trilogy
More philosophy mixed with technicals while adding a dash of money management aka. Space OR BLOWING s**t UP.
"Trading is placing stops, accumulating lots, & normalizing risk; forget about pips and just focus on those three things.
Liquidate when you hit your %gain...anywhere from 39 to 58.5% is a good target to reset your space (+0 in 5-7 ideas).
Capture space every 3 steps: enter 2, +2, +2, exit or 2, +1, +3, exit.
Sidestep any 'obvious' retrace.
Again, pips have nothing to do with you; they do their own thing
Your job is simply to make sure that you get paid when price decides to make a large move."
MIGHTYONE
"Trading is placing stops, accumulating lots, & normalizing risk; forget about pips and just focus on those three things.
Liquidate when you hit your %gain...anywhere from 39 to 58.5% is a good target to reset your space (+0 in 5-7 ideas).
Capture space every 3 steps: enter 2, +2, +2, exit or 2, +1, +3, exit.
Sidestep any 'obvious' retrace.
Again, pips have nothing to do with you; they do their own thing
Your job is simply to make sure that you get paid when price decides to make a large move."
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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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
I'll start my day by stepping out of bed on this note.
BOOM
"Having traded monthly/quarterly/yearly extremes, I recommend that your largest period does not exceed 2 weeks
The thread is called 'the Ideas that trade by' and not 'the rules that I live by' because profit is found in a thinking mind.
If you come to this thread with pen and paper in hand then you will fail to find the beauty that exists within yourself."
MIGHTYONE
BOOM
"Having traded monthly/quarterly/yearly extremes, I recommend that your largest period does not exceed 2 weeks
The thread is called 'the Ideas that trade by' and not 'the rules that I live by' because profit is found in a thinking mind.
If you come to this thread with pen and paper in hand then you will fail to find the beauty that exists within yourself."
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
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
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Re: ProchargedMopar's Trading Trilogy
Breakfast @3pm
Steak salad, candied bacon, and deviled eggs.
Mmmmmmmmmm
Steak salad, candied bacon, and deviled eggs.
Mmmmmmmmmm
#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
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
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- Contact:
Re: ProchargedMopar's Trading Trilogy
Conformity Not cowardess
https://m.youtube.com/#/watch?v=IGysZajyVk8
https://m.youtube.com/#/watch?v=IGysZajyVk8
#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
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
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- Contact:
Re: ProchargedMopar's Trading Trilogy
Mediterranean appetizers.
Not sure what any of it was made of.
All tasted good to me.
Not sure what any of it was made of.
All tasted good to me.
#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
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
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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