ProchargedMopar's Trading Trilogy

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razorboy
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Postby razorboy » Tue May 26, 2009 11:43 am

I have come to the conclusion that the market is like an orthodontist...........it fills all the gaps and usually at someones great expense..................
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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Postby Fxtraveller » Tue May 26, 2009 1:46 pm

:)))))))))))))

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MightyOne
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Re: and now the 64,000 pip question

Postby MightyOne » Tue May 26, 2009 4:54 pm

The largest advance that lead to a decline is the rule although I do consider other advances that formed in a different type of price action.

There is no "right" or "wrong" time frame although the smaller time frames will contain more of the illusion of a longer term charts.

Notice the pink boxes that signaled a short on a smaller TF chart, but also notice that the 4HR was always bullish:

Image

razorboy wrote:the whole wick concept and biggest decline in an advance idea are crystal clear (I notice you never structure it as biggest advance in a decline, although I guess you could, as long as you dont flip back and forth between concepts - or maybe i missed that) - to me, the real challenge is picking the "right" time frame for your analysis and action

having said that, this http://articles.mql4.com/444 and http://articles.mql4.com/376 deserves some playing with for sure




MightyOne wrote:You can do whatever you want to as there are no rules in trading.

Still, I wonder why you would choose a method of analysis that can so easily be manipulated.

If price spikes down to fill an order and immediately returns does that make the low significant?

Here is a spike caused by a bad price on the EURJPY Weekly.

If it were a real move, and price moved to new weekly highs, would
you consider the bottom of the spike to be the largest decline which
returned to the highs or would you use the bodies as shown by the red
boxes?

Image

pierre23 wrote:Mo, I know you say body is truth, but is this still correct? The last image that I posted was from the wick also. Or does it only really count if it's from the body?

Image

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MightyOne
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Postby MightyOne » Tue May 26, 2009 5:01 pm

Here is a chart with the wicks turned off so that you can see the truth:

Image

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prochargedmopar
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Postby prochargedmopar » Tue May 26, 2009 7:55 pm

The "Belief" in a lack of money(abundance) is the root of all evil.
It breeds Greed.
It breeds Fear.

Buddhists say there are only three things that cause all ills for mankind.
Obsessive desire
Wrong knowing
fear.

If a person truly believed that there was abundance in life (right knowing), the other two would vaporize.

Think of some guy that is being possessive over a chick.
Wrong knowing, (there is actually love everywhere) leads to obsessiveness and fear of loss.

My dad says there are only two things that cause the negative dilemma's of mankind.

STUPIDITY AND GREED.

He's usually talking politics when he says it. LOL

Now that I'm a big boy it's time to believe in abundance.
#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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Postby prochargedmopar » Wed May 27, 2009 1:13 am

-58.3
I can not get a grip.
I was up 13.5 and in a trade showing +28.3.
A wick got me out of the short trade at -22 even though the closed bodies were in direction of profit. It only went up 2 more pips. I Immediately bought on emotion after the close, stop/reverse right at the point of resistance and it tanked from there.

Lost 69 pips in 31 minutes.
Joys of getting rich.

What was that about fear and greed.
How do you fix that?

I'm a pretty smart dude, what's with the lack of control?
Dang, this pisses me off.
#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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Postby razorboy » Wed May 27, 2009 1:25 am

sometimes youre the windshield....................
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby razorboy » Wed May 27, 2009 1:30 am

this has very little to do with smart..............well, at least what most people define as "I went to Harvard, Yale and Stanford" smart
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Wed May 27, 2009 1:34 am

Here is my faulty trading.
I was long for a breakout and lost 11.
I Immediately went short 2 orders.
After being in profit I added a third.
I was up 26-8ish at the 10 line.
That candle shot up and closed green and I closed all 3 positions for -7.xx each. it only went up to the 30 line and turned back short. Right when it shot up I bought 3 positions. You can see what happened after that as it hit my 15 pip stop on 2 and I closed the other at -13.

No more playing for me after that.
Here are the trades and a pic.
I see that it's rocketing up toward the line now.
Am I a scalper or a long term trader. Maybe I should decide.

11439715 EUR/JPY 20 B 133.295 133.158 -13.7 -28.79 0.00 5/26/2009 20:13 5/26/2009 20:25
11439714 EUR/JPY 20 B 133.307 133.155 -15.2 -31.95 0.00 5/26/2009 20:13 5/26/2009 20:25
11439712 EUR/JPY 20 B 133.305 133.153 -15.2 -31.95 0.00 5/26/2009 20:13 5/26/2009 20:25
11439431 EUR/JPY 20 S 133.286 133.310 -2.4 -5.04 0.00 5/26/2009 19:58 5/26/2009 20:13
11439443 EUR/JPY 20 S 133.237 133.310 -7.3 -15.33 0.00 5/26/2009 19:58 5/26/2009 20:13
11439201 EUR/JPY 20 S 133.288 133.366 -7.8 -16.37 0.00 5/26/2009 19:51 5/26/2009 19:52
11439199 EUR/JPY 20 S 133.290 133.366 -7.6 -15.95 0.00 5/26/2009 19:51 5/26/2009 19:52
11438835 EUR/JPY 20 B 133.400 133.288 -11.2 -23.52 0.00 5/26/2009 19:31 5/26/2009 19:51
11438378 EUR/JPY 20 B 133.262 133.293 3.1 6.51 0.00 5/26/2009 19:16 5/26/2009 19:23
11438249 EUR/JPY 20 B 133.250 133.293 4.3 9.03 0.00 5/26/2009 19:08 5/26/2009 19:23
11438155 EUR/JPY 20 B 133.228 133.184 -4.4 -9.25 0.00 5/26/2009 19:06 5/26/2009 19:07
11437787 EUR/JPY 20 B 133.021 133.043 2.2 4.63 0.00 5/26/2009 18:45 5/26/2009 18:55
11437673 EUR/JPY 20 B 132.960 133.043 8.3 17.46 0.00 5/26/2009 18:41 5/26/2009 18:55


Image
#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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Postby MightyOne » Wed May 27, 2009 7:19 am

If I were you I would stick with scalping because it best fits your personality.

Instead of blasting the market with positions you would probably do
better to focus on reducing risk once in a trade.

An example of how you might do this is:

Start with Dynamic Fibs:

Enter a position that is divisible by 5 at the trigger.

Immediately exit 1/5 at a time until you have nothing left.

Find the nearest psych level and place and order there:

Once filled immediately exit 1/5 at a time until you have nothing left.

---If price stalls at the entry you loss is minimal.
---If price reverses you are already in the process of cutting your losses short.
---If price skyrockets upon entry you will liquidate at a large profit.
---If price moves up then you will exit at a small profit.

Try it for a day or two with 5 micro lots...you might like it.

prochargedmopar wrote:Here is my faulty trading.
I was long for a breakout and lost 11.
I Immediately went short 2 orders.
After being in profit I added a third.
I was up 26-8ish at the 10 line.
That candle shot up and closed green and I closed all 3 positions for -7.xx each. it only went up to the 30 line and turned back short. Right when it shot up I bought 3 positions. You can see what happened after that as it hit my 15 pip stop on 2 and I closed the other at -13.

No more playing for me after that.
Here are the trades and a pic.
I see that it's rocketing up toward the line now.
Am I a scalper or a long term trader. Maybe I should decide.

11439715 EUR/JPY 20 B 133.295 133.158 -13.7 -28.79 0.00 5/26/2009 20:13 5/26/2009 20:25
11439714 EUR/JPY 20 B 133.307 133.155 -15.2 -31.95 0.00 5/26/2009 20:13 5/26/2009 20:25
11439712 EUR/JPY 20 B 133.305 133.153 -15.2 -31.95 0.00 5/26/2009 20:13 5/26/2009 20:25
11439431 EUR/JPY 20 S 133.286 133.310 -2.4 -5.04 0.00 5/26/2009 19:58 5/26/2009 20:13
11439443 EUR/JPY 20 S 133.237 133.310 -7.3 -15.33 0.00 5/26/2009 19:58 5/26/2009 20:13
11439201 EUR/JPY 20 S 133.288 133.366 -7.8 -16.37 0.00 5/26/2009 19:51 5/26/2009 19:52
11439199 EUR/JPY 20 S 133.290 133.366 -7.6 -15.95 0.00 5/26/2009 19:51 5/26/2009 19:52
11438835 EUR/JPY 20 B 133.400 133.288 -11.2 -23.52 0.00 5/26/2009 19:31 5/26/2009 19:51
11438378 EUR/JPY 20 B 133.262 133.293 3.1 6.51 0.00 5/26/2009 19:16 5/26/2009 19:23
11438249 EUR/JPY 20 B 133.250 133.293 4.3 9.03 0.00 5/26/2009 19:08 5/26/2009 19:23
11438155 EUR/JPY 20 B 133.228 133.184 -4.4 -9.25 0.00 5/26/2009 19:06 5/26/2009 19:07
11437787 EUR/JPY 20 B 133.021 133.043 2.2 4.63 0.00 5/26/2009 18:45 5/26/2009 18:55
11437673 EUR/JPY 20 B 132.960 133.043 8.3 17.46 0.00 5/26/2009 18:41 5/26/2009 18:55


Image

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