ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1712
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 114
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Mon Jul 06, 2015 1:09 pm

prochargedmopar wrote:BTW,
Im basically starting my trend trading from scratch as the market spiked down @open.

I'm still laughing.
:P

_20150706_021833.JPG


I never saw you build up your space, so your risk
is too big for your account.
Trade Your Way as Long as It Makes Money!

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: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Jul 06, 2015 4:05 pm

aliassmith wrote:
prochargedmopar wrote:BTW,
Im basically starting my trend trading from scratch as the market spiked down @open.

I'm still laughing.
:P

_20150706_021833.JPG


I never saw you build up your space, so your risk
is too big for your account.



Bingo, See #2 below.
I'm still laughing because I KNOW what is possible in these here markets.
#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

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1712
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 114
Gender: Male

Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Mon Jul 06, 2015 4:26 pm

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:BTW,
Im basically starting my trend trading from scratch as the market spiked down @open.

I'm still laughing.
:P

_20150706_021833.JPG


I never saw you build up your space, so your risk
is too big for your account.



Bingo, See #2 below.
I'm still laughing because I KNOW what is possible in these here markets.


I have tested, adding to losses and I don't think
its a good method unless you are position building
with a set risk amount for the whole position.
Trade Your Way as Long as It Makes Money!

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Jul 06, 2015 5:41 pm

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

sideways.png
sideways.png (8.72 KiB) Viewed 154 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: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Jul 07, 2015 12:00 am

“Think left and think right and think low and think high. Oh, the thinks you can think up if only you try.”
– Dr. Seuss
#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.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5877
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1321
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 227 times

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
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 202 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: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
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: 5963
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 390
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: 5877
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 1321
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.


Return to “TheRumpledOne”