ProchargedMopar's Trading Trilogy

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razorboy
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Postby razorboy » Sun May 24, 2009 11:31 am

Was just working on this idea yesterday/last night so I will post my trading plan for monday for the EURJPY

Price was trending in a range of about 200 pips - 129.60 to 131.60 ( we can argue about specifics)

Price broke - looking for about a 200 pt move from the that break - almost hit 133 without a significant throwback to the MOMO bar on the 15 minute chart ( bar that did double the avg range) - to the break out point ( there was a little bit of a retrace initially after breakout)

From the low of the range, to the most recent high ( 129.83 to 133) price has moved about 320 pips

So one of my scenarios see price retracing about 160 pips to the 131.40 area, which is the low of the last momo on the 15 min chart. - will look to play this down and then up again

Will work on my other scenario when I get back from my run if price breaks the 133.25 level without a retrace


MightyOne wrote:
prochargedmopar wrote:I'm at $800 now.
I have increased the position size daily as the account had grown.
I'm currently using 20micros as 1/2 position.
Till death do us Benjamen's part.



Ask you self what the largest advance was (that is relevant to you) that returned to the lows. If price advances larger than the largest advance that returned to the low then chances are price will not return to the low.

After making a larger correction price likes to test an area that falls around 50% of the correction distance above the prev. high.

When price connects to form a larger correction then price should hold above the prev. high and then hold at the first test area above the prev. high.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Sun May 24, 2009 2:29 pm

Yeah, Friday I was upside down and backwards. LOL

I lost 80 just playing with the M1 consolidation before the break up. 12-15 trades losing 4-8 pips ea with a win thrown in every now and then.

I went short just after the first 20 pip break up. It pushed the 3 and I went short again. and again, and again. I ended up with 4 entries. I was down about 120 when it headed for the 50% fib off new high. My target was 00's to get out with about +20. It got to like .07 and I was sitting at -10 when it broke back up. Wasn't long (like 2 min.) and I hit the close button at -150. Ouch. I had to go to my son's kindergarten graduation or I would have longed it.

The week is young and I still gots some fundage.
Been reading disciplined trader this weekend and Friday I was just wacked upstairs. Craziest trading day I've ever had.
Looking forward to some big runs this week.

If you can see loss, you can see profit.
Right.
#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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Postby razorboy » Sun May 24, 2009 3:35 pm

are you crazy?
http://kreslik.com/forums/images/icon/icon11.gif

prochargedmopar wrote:Yeah, Friday I was upside down and backwards. LOL

I lost 80 just playing with the M1 consolidation before the break up. 12-15 trades losing 4-8 pips ea with a win thrown in every now and then.

I went short just after the first 20 pip break up. It pushed the 3 and I went short again. and again, and again. I ended up with 4 entries. I was down about 120 when it headed for the 50% fib off new high. My target was 00's to get out with about +20. It got to like .07 and I was sitting at -10 when it broke back up. Wasn't long (like 2 min.) and I hit the close button at -150. Ouch. I had to go to my son's kindergarten graduation or I would have longed it.

The week is young and I still gots some fundage.
Been reading disciplined trader this weekend and Friday I was just wacked upstairs. Craziest trading day I've ever had.
Looking forward to some big runs this week.

If you can see loss, you can see profit.
Right.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Sun May 24, 2009 3:42 pm

add to that - price leaves no gap unfilled.........................just a question of when it does the filling


MightyOne wrote:
prochargedmopar wrote:I'm at $800 now.
I have increased the position size daily as the account had grown.
I'm currently using 20micros as 1/2 position.
Till death do us Benjamen's part.



Ask you self what the largest advance was (that is relevant to you) that returned to the lows. If price advances larger than the largest advance that returned to the low then chances are price will not return to the low.

After making a larger correction price likes to test an area that falls around 50% of the correction distance above the prev. high.

When price connects to form a larger correction then price should hold above the prev. high and then hold at the first test area above the prev. high.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Sun May 24, 2009 5:31 pm

So when are you scalping and when are you holding long?

So when are you scalping and when are you holding short?

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Postby MightyOne » Sun May 24, 2009 5:56 pm

Don't yell at me if you do not understand this chart...
I am not a sympathetic kind of guy :lol:

Image
Attachments
MO-GOAL SHEET-updated.txt
OK, I am sober now :P here is the updated sheet.
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Last edited by MightyOne on Sun May 24, 2009 7:17 pm, edited 1 time in total.

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prochargedmopar
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Postby prochargedmopar » Sun May 24, 2009 6:32 pm

Today price will open lower. Then, it will close the gap and continue UP.
Wanna bet?
LOL.
I'm waiting for the up's this time.
Knowing full well, anything can happen.

M.O.,
You look like a box range trading dude!!!!

Hey, what am I doing posting. I'm on a hiatus. See, That's weak.

:twisted:
#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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Postby prochargedmopar » Sun May 24, 2009 9:08 pm

Ok, you win. Opened even and shot up....
#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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Postby MightyOne » Mon May 25, 2009 1:56 am

You are going to make a million dollar even if I have to drag you kicking and screaming ;)

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prochargedmopar wrote:Ok, you win. Opened even and shot up....

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Postby razorboy » Mon May 25, 2009 1:57 am

and now..........

remember, price likes to kiss......................
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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