ProchargedMopar's Trading Trilogy

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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 239 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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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 235 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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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 222 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 219 times


Let me simplify this technical analysis thing with a nursery rhyme.
Simplify1-2.png
Simplify1-2.png (42.71 KiB) Viewed 219 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 » Thu Jun 18, 2015 6:28 pm

Now we are back in the game.

Screenshot_2015-06-18-13-27-19.png
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#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 210 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 6:46 pm

prochargedmopar wrote: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



I guess there was a micro double failure (2 bar pattern) to go higher after the #3 shown on the chart. But I'll stick with full on swings.

Not that Im not willing to get in early or anything. 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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Jun 18, 2015 9:46 pm

Another day, another dollar.

:roll:

Screenshot_2015-06-18-16-44-17.png
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#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 10:47 pm

The curse of being a good scalper S.U.C.K.S!
#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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