ProchargedMopar's Trading Trilogy

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razorboy
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Postby razorboy » Mon May 25, 2009 1:59 am

out for the night.......35 or so pips.............
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 » Mon May 25, 2009 2:09 am

You can make up the other 5 tomorrow :lol:

razorboy wrote:out for the night.......35 or so pips.............

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razorboy
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Postby razorboy » Mon May 25, 2009 2:35 am

I'd normally aim for another 40 - but you have two bank holidays - UK and US (memorial day, no?) gotta imagine there will be less action than a convent tomorrow, but you never know.........i have seen some good films...............



MightyOne wrote:You can make up the other 5 tomorrow :lol:

razorboy wrote:out for the night.......35 or so pips.............
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 » Mon May 25, 2009 3:11 am

"...less action than a convent..." -Razorboy

:lol: :lol: :lol: :lol: :lol:

pierre23
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Postby pierre23 » Mon May 25, 2009 3:17 am

If price breaks the grey box to the upside we would be scalping long trades. Is this correct or am I wasting my time drawing pretty grey boxes on my chart?

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MightyOne
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Postby MightyOne » Mon May 25, 2009 3:53 am

If price exceeds the largest advance that returned to the low then chances are price will not return to the low.

That said, there are no rules so use the advances that seem relevant to you based on your observations.

(you are doing fine)

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pierre23 wrote:If price breaks the grey box to the upside we would be scalping long trades. Is this correct or am I wasting my time drawing pretty grey boxes on my chart?

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pierre23
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Postby pierre23 » Mon May 25, 2009 4:05 am

ok I understand. Thanks MO.

EJ spread is going nuts.. going from 1.5 to 6 and back down every 3 seconds.. no news release until an hour either wonder why.

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MightyOne
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Postby MightyOne » Mon May 25, 2009 4:40 am

Check your calender :lol:

pierre23 wrote:ok I understand. Thanks MO.

EJ spread is going nuts.. going from 1.5 to 6 and back down every 3 seconds.. no news release until an hour either wonder why.

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MightyOne
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Postby MightyOne » Mon May 25, 2009 5:40 am

Trading is so easy that I die a little inside every time I place a trade:

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Daily chart is long term bullish been bullish:

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pierre23
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Postby pierre23 » Mon May 25, 2009 5:54 am

Silly me. I had to leave work at the last M5 candle you see coloured with grey, so I closed my long position (with profit). If only I had left my trade, I would have had a very nice suprise as price jumped so quickly in the time I left work and came home.. that was a potential +85% to my account!@#!$

One of the reasons I closed is because I was actually unsure of what was going to happen... I thought it could go either way after we see a breakout either to the top or bottom of the ranging area. Would you have held MO? Or possibly close your trade and re-enter once you see the breakout?

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