ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jun 06, 2015 12:31 am

MightyOne wrote:
I do not recommend wave analysis...
basic signals such as: 1-2-3, Ross Hook (single hook), Triangles (double hooks), closes > !< a line, & horizontal lines with 'position' ('stop loss') from a long term extreme or psych line (50, 100-125, 250) will suffice.

Before pulling the trigger, ask yourself:

I) why am I going short?
II) I'm 'wrong' if what happens?
III) if I'm 'wrong' then what might the price action look like; if it still looks like a short trade then I might have to rethink when it is that I am wrong before placing this trade.
IIII) has price been moving sideways? If so then I should consider taking partial profits (or liquidate) at the 50 or 83.33% retracements.
V) is this a suicide run ie you have position from a long term extreme and price action be damned you are continually shorting the market?

Once you know the why, if/then, & where you are going then you can place the trade.

Planning your trades and trading your plan is more powerful than the most advanced wave analysis.


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

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jun 06, 2015 2:51 am

MightyOne wrote:I have learned that the level of complexity in ones trading is a measure of how much one does not understand; simplicity on the other hand shows great understanding.


MightyOne wrote:It is just a matter of trying to do things differently while not making the same mistake twice.
I believe that the chart tells me exactly how it should be traded at any given point in time & that I need only learn to listen.



Crap, I have my pen and paper out.................LOL
#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 Jun 06, 2015 3:47 am

Almost done.
Then on to Moto X ph. Repair.
New digitizer, flash Ribbon, and assembly.

_20150605_224559.JPG
_20150605_224559.JPG (233.46 KiB) Viewed 311 times
#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 Jun 06, 2015 5:56 am

MightyOne wrote:
Large charts are by far the easiest to trade;

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.


But TRO says,
"price is the same on all timeframes".
\:D/
#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 Jun 06, 2015 3:51 pm

MightyOne wrote:
When you take your mind off of winning/losing & just manage space then trading becomes a whole lot easier/less stressful.
#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 Jun 06, 2015 3:57 pm

MightyOne wrote:Position, lot size, expansion <--- which one do you not understand?

The first step is to focus all of your energy on POSITION.

Next you focus on LOT SIZE while evaluating the strength of your position.

The last step is the markets job to complete.

Creativity (experience & strategy) is often used to get the job done.
#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 MightyOne » Sat Jun 06, 2015 4:19 pm

prochargedmopar wrote:
MightyOne wrote:
Large charts are by far the easiest to trade;

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.


But TRO says,
"price is the same on all timeframes".
\:D/


Price is the same on all time frames but if price alone were sufficient then one would not need to use statistics; and what do bodies/wicks show but probabilities favoring one side of a line or other over a given period of time.

Price has an important role and so do pips, but my focus is time & space as one needs to literally warp the fabric of the universe to achieve the 'impossible'. :lol:

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Re: ProchargedMopar's Trading Trilogy

Postby Goonslinger » Sat Jun 06, 2015 4:32 pm

Will learning quantum mechanics help with trading? :P
"So let it be written; so let it be done."

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jun 06, 2015 5:13 pm

Goonslinger wrote:Will learning quantum mechanics help with trading? :P


Fortunately for us it is as easy as visualizing what happens when we alter our trade size & then
changing our 'space' to satisfy a strategy or an idea.

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Re: ProchargedMopar's Trading Trilogy

Postby Captain Pugwash » Sat Jun 06, 2015 9:27 pm

MightyOne wrote:
Price is the same on all time frames but if price alone were sufficient then one would not need to use statistics; and what do bodies/wicks show but probabilities favoring one side of a line or other over a given period of time.




I must be the slowest person here :oops: :oops: :oops: - I homed in myself, only this weekend, on the reason behind your bodies/wicks words.

And now, on the same weekend, you have the audacity to post the "why" of it :lol:

apologies if you posted this before - my speed reading is sh*te

really nice and simply put MO - thankee
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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