Your position is in the same spot no matter where you enter.
If they want your money then they are going to have to move price to the longer term extreme.
Should you decide to move your <---position---> to the daily minus extreme then YOUR STOPS SHOULD THROW YOUR <---position---> back outside of the daily plus area.
Picture a daily chart trending upwards and yourself trailing a stop below the lows. Now picture that, instead of a stop, your position size is growing as price rises. Next imagine that you made use of partial stop loss orders that shed just enough lots to throw your <---Position---> to the weekly+ extreme...
that is how it is done.
MightyOne
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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- prochargedmopar
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Re: ProchargedMopar's Trading Trilogy
I took an accumulation scalp long AJ tp hit.
Had limit order set to buy NU which triggered while sleeping.
167 total space available.
Not a good decision as daily is down coming off the MA's.
H4 gave a failed BO and BI to go short.
Had limit order set to buy NU which triggered while sleeping.
167 total space available.
Not a good decision as daily is down coming off the MA's.
H4 gave a failed BO and BI to go short.
#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
Close below Yes
Close below something else. No.
I will reduce my space if/when h4 conforms @lower something.
#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
A high and failed breakout followed by lower high and failed breakout.
Possible entries in order of aggression from highest to lowest.
#1 being a big stones entry @00.
Possible entries in order of aggression from highest to lowest.
#1 being a big stones entry @00.
#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
Could be possible low and a failure to go lower.
Need 2-4 more candles to find out.
Need 2-4 more candles to find out.
#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
Too much profit to quickly.
Closed.
Now have just over 200 space accumulated.
Found out that duck I shot 2 days ago wasn't dead. Had to shoot him again.
Ok. One duck. And he is not wiggling.
Closed.
Now have just over 200 space accumulated.
Found out that duck I shot 2 days ago wasn't dead. Had to shoot him again.
Ok. One duck. And he is not wiggling.
#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
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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
With 200 space its game on.
+100% or -2℅
According to The M.O. having 0 space from this point is not an option as long as my space is used properly.
+100% or -2℅
According to The M.O. having 0 space from this point is not an option as long as my space is used properly.
#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
- aliassmith
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Re: ProchargedMopar's Trading Trilogy
prochargedmopar wrote:With 200 space its game on.
+100% or -2℅
According to The M.O. having 0 space from this point is not an option as long as my space is used properly.
fairly big target. think 39% or 59% would be better.
taking smaller targets help retain your progress
to some extent when you have a bad break.
i think its better, but whatever works for you.
Trade Your Way as Long as It Makes Money!
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