ProchargedMopar's Trading Trilogy

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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Thu Jun 18, 2015 3:28 pm

Why is it ... I continue to enter buys on pairs that are clearly in downtrends.


Probably the same reason why people don't take profit at extreme prices.

Everyone knows that there is only one lowest low ... but it could be this one!

After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.

Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods


BTW, check out this beautiful inner channel:
CADJPYDaily.png
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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 4:11 pm

If I feel the market is going to go higher I must calculate my SL and engage the market Immediately.

Where I enter is irrelevant.

As the market moves In my favor I must continually search for areas that I can trail my SL behind by increasing my lot size.

Being IN the market and increasing my lot size is ALL that matters.

P.S.
That 4 hrs extra sleep felt great
What day is it again?
LOL
Last edited by prochargedmopar on Thu Jun 18, 2015 4:34 pm, edited 1 time in total.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 4:32 pm

WhatHappens.png
WhatHappens.png (67.52 KiB) Viewed 88 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 4:39 pm

Hmmmmmmmmm

NZDJPY.png
NZDJPY.png (68.89 KiB) Viewed 88 times


EDIT:
I will move my stop along the way as the H4 allows.
;)
Last edited by prochargedmopar on Thu Jun 18, 2015 5:06 pm, edited 1 time in total.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 4:47 pm

MightyOne wrote:
Why is it ... I continue to enter buys on pairs that are clearly in downtrends.


Probably the same reason why people don't take profit at extreme prices.

Everyone knows that there is only one lowest low ... but it could be this one!

After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.

Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods


BTW, check out this beautiful inner channel:



What kind of technical wizardry are you talking about??!?
Huh?

ChannelSmannel.png
ChannelSmannel.png (76.67 KiB) Viewed 88 times



This seems legit :smt006
Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods
MightyOne
Last edited by prochargedmopar on Thu Jun 18, 2015 4:51 pm, edited 1 time in total.
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 4:50 pm

prochargedmopar wrote:
MightyOne wrote:
Why is it ... I continue to enter buys on pairs that are clearly in downtrends.



After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.


In other words a
123,RH

:mrgreen:
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 5:01 pm

I present to you,
FUN.

Luniacal.png
Luniacal.png (67.03 KiB) Viewed 81 times


I need to revisit WHY I am here:
To Make $$

:oops:
#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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 5:23 pm

MightyOne wrote:
Why is it ... I continue to enter buys on pairs that are clearly in downtrends.


Probably the same reason why people don't take profit at extreme prices.

Everyone knows that there is only one lowest low ... but it could be this one!

After one failure then entertain the possibility of a second & after the second
the possibility of a reversal of trend.
If you see one failure and then price closes over then it is usually best to trade
the continuation.

Remember:
a short term chart adds clarity to a long term chart, not the other way around;
consider the long term chart first and then add meaning with smaller periods


BTW, check out this beautiful inner channel:
Simplify1-2.png
Simplify1-2.png (42.71 KiB) Viewed 78 times


Let me simplify this technical analysis thing with a nursery rhyme.
Simplify1-2.png
Simplify1-2.png (42.71 KiB) Viewed 78 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 6:28 pm

Now we are back in the game.

Screenshot_2015-06-18-13-27-19.png
Screenshot_2015-06-18-13-27-19.png (184.73 KiB) Viewed 71 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 6:42 pm

Here was the short "confirmation".

Im waiting for the 2nd failure to go lower and I will then move my SL up to just below the lows.
:)
123-1 is in place.
Need #2

_20150618_134025.JPG
_20150618_134025.JPG (136.78 KiB) Viewed 69 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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