ProchargedMopar's Trading Trilogy

[prochargedmopar]

Watching 3 hr long teach the dummy robot webinar from yesterday.
Cant keep eyes open.

Messed up lot size when generating ticks. set base @10,000 per.
Also forgot to up lot size during successive "wins".
73 days traded.
Closed a couple when price came back OR closed on opposite side of MA.

Imtired.JPG (248.21 KiB) Viewed 2020 times

[aliassmith]

Watching 3 hr long teach the dummy robot webinar from yesterday.
Cant keep eyes open.

Messed up lot size when generating ticks. set base @10,000 per.
Also forgot to up lot size during successive "wins".
73 days traded.
Closed a couple when price came back OR closed on opposite side of MA.

Imtired.JPG

73 days trading one pair only. You can watch more on daily
charts. Five charts at 200% gain get you to +0.

[MightyOne]

73 days trading one pair only. You can watch more on daily
charts. ...

Alias is right, it is more productive to trade multiple daily charts than it is to wait for signals on a single pair.

It can be stressful to wait for a single daily chart to give you a result, but if you are trading 3, 5, or even 15 pairs
then you will have more bubble gum than you can chew.

Also, notice how doji liquidates at times with ~ a 2 pip loss...you have a 20 pip box and all the time in the wold to
make the same decision that he must make in fractions of a second.

How I use macro pips is I'll set aside a daily risk of 30 macros & trade x number of charts in the background.
Then I'll use Space Wars on 2 or 3 more pairs, accumulating space & possibly combining the gained space to
trade a large chart with size.
After a %target is reached then I can employ the 'Eternal' strategy of liquidate all but (units / 8.34), holding for more
pips; If my current size is $12/pip then I would liquidate all but $1.40/pip at the %target.

[prochargedmopar]

73 days trading one pair only. You can watch more on daily
charts. ...

Alias is right,

Yeah,
I wasn't trying to prove trading one time frame and one pair was the way to go.
Or even that this is a holy grail. NOT.

I was just cementing in my mind that it was a feasible plan of attack.

Taking a random 13 trades which is by no means a tell all,
It would appear that with 5-7 UNcorrelated pairs I can avg over time a trade a day between them.
Looks like most trades take 2-5 days to play out.

Watching 10-15 pairs will do the trick.

[prochargedmopar]

The ema cross alert.
1 period ema set to close.
5 period ema set to open.

No real need for this when trading daily's as all I have to do is look at the charts @7p cst Tallinex OR 11p cst fxtrade

emacross.png (22.43 KiB) Viewed 1970 times

[prochargedmopar]

AJ 1H scalping chart.
4 buys, 4 sells, + one yet to be determined candle.

4buys4sells+.png (40.94 KiB) Viewed 1913 times

You might guess that I went long Friday taking a gamble.
It's not turning out too good.

Broke both rules:
Lot size too big (cumulative)
Traded against the current Trend.
Added to a trade showing a loss.

Screenshot_2015-07-26-16-35-04.png (141.52 KiB) Viewed 1913 times

Scalping and I just don't mix.

No daily setups as of yet.
7pm and 11pm I will look again @ the charts.

[aliassmith]

AJ 1H scalping chart.
4 buys, 4 sells, + one yet to be determined candle.

4buys4sells+.png

You might guess that I went long Friday taking a gamble.
It's not turning out too good.

Broke both rules:
Lot size too big (cumulative)
Traded against the current Trend.
Added to a trade showing a loss.

Screenshot_2015-07-26-16-35-04.png

Scalping and I just don't mix.

No daily setups as of yet.
7pm and 11pm I will look again @ the charts.

And there u have it. You know what you shouldn't do and
you did it anyways. That 4% risked on a daily macro
Pip scalp would of served you better.

[prochargedmopar]

4 trades trying to set up:

4settingup.png (179.68 KiB) Viewed 1900 times

[prochargedmopar]

Candle close above ma @11pm cst so I bought.

Screenshot_2015-07-27-01-26-56.png (150 KiB) Viewed 1888 times

[prochargedmopar]

Also bought nzdcad but I just closed it @b/e cuz it wasnt a legit setup.

Screenshot_2015-07-27-01-29-48.png (138.2 KiB) Viewed 1900 times