ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Jul 07, 2015 2:07 am

prochargedmopar wrote:Dilemma,
Failed to close lower than something but also failed to close higher than something else..
Appears I should have been long 20 pips below the close of up bar.
"Wick in direction of loss" entry.
Waiting.

Does not fit my rule #1



1 failure is pretty weak, 2 failures is a legitimate concern.

After 1 failure entertain the possibility of a 2nd if there is any evidence of a reversal trade on a small chart.

Keep in mind that in almost all scenarios the 2nd failure occurs shortly after the BO of the first.

Also, when dealing with large charts, remember that the illusion (open candle) lasts a LOT longer which means
that you should expect a lot of inner turmoil; commitment to a specific course of action will see you through.

Here is a reminder of how I would draw the lines (the possible new location in gray):

It is my aim to make the rules for the lines immutable so that there is no subjectivity:

NZDUSDDaily.png
NZDUSDDaily.png (12.5 KiB) Viewed 133 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 6:37 am

Now that Im watching dailys on all pairs except aj,
m15 seems too fast for scalping.
Now using m30 on AJ.

_20150707_013433.JPG
_20150707_013433.JPG (118.01 KiB) Viewed 108 times
Last edited by prochargedmopar on Tue Jul 07, 2015 7:00 am, 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 6:38 am

Oops,
The 1 2 @ the bottom needs to be shifted to the right one bar.
#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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 6:42 am

prochargedmopar wrote:Oops,
The 1 2 @ the bottom needs to be shifted to the right one bar.


The reason I put the one where I did is because it failed to go lower than something...20 level.
But I'm seeing the #1 has to be in the V.
#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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Jul 07, 2015 8:16 am

NZDUSD, the direction of profit is relentless...

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 8:22 am

Looking @ a daily GU it appears it could have gone up a bit.
Looking @h4. No way.

Screenshot_2015-07-07-03-21-09.png
Screenshot_2015-07-07-03-21-09.png (140.69 KiB) Viewed 91 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 8:26 am

MightyOne wrote:NZDUSD, the direction of profit is relentless...


Not really.
NEVER a 123 so why would the TREND change?
I can speculate about where the bottom will be but thats all it is, speculation. ;-)

Screenshot_2015-07-07-03-25-06.png
Screenshot_2015-07-07-03-25-06.png (149.37 KiB) Viewed 90 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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue Jul 07, 2015 8:43 am

Well there was a small bounce with the 'V' but you would have had to scalp it on small charts.

After price closed lower than the line it put up its own peace sign and said "see ya!" :lol:

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 8:47 am

Yup, that 2nd target easily hit.

2ndTarget.png
2ndTarget.png (27.54 KiB) Viewed 85 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 9:01 am

What we are doing here is this......Trading RH's.

Here is a video using "cp's" (continuation patterns) OR Ross Hooks.
Applied to supply/demand.

In other words he (alfonso) uses the curve, HTF S/D levels NOT to trade into and the HTF trend to trade with.

Boil it down.....it's 123/RH.
Amazing simplicity that old geezer (Joe Ross) developed many, many years ago.
The Law of Charts.

#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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”