ProchargedMopar's Trading Trilogy

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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Oct 07, 2015 12:07 pm

My plan.
What plan?

Buy 00, price action be damned.
As we know, price cannot rise on wicks or go higher
Without closing over something.


You can only "damn" the price action if you are using "space"...
I don't see you creating space, as it is lost, and managing risk.

"Price cannot rise on wicks or fall without closing under something"
"Price cannot fall on wicks or rise without closing above something"

Do you understand these words, "bodies show the way"?

I don't know who taught you that adding to a loss was a good idea...
even in the Market Wizard books it was called "poison".

1000 + 5000 is (1/6) or -83.34% space...while losing, this means that you
have ZERO space and are digging into 2nd & 3rd trades for multiple
losers in one shot; even a 30 pip stop is a loss of 180 space (-2 trades).

If it works out then good for you, you just reinforced a bad habit that is certain
to destroy your account in the future; your time as a trader is vanity.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 07, 2015 2:10 pm

I did not sleep on it.
I knew how it would turn out.
Miss my tp and drop another 200. LOL.

Using hindsight it would have actually hit mt tp @+3 mp
BUT
I knew that even if it did it was all wrong.
So I closed @+5 micro pips and went to bed.

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Still holding 1/2 lot size of original entry which is 2mp from my sl.
"Take your profit or take your loss"

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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 » Wed Oct 07, 2015 2:20 pm

Even though it burns my ass to accept defeat on this trade
losing $9 is nothing in comparison to all the $5 to $8 wins Ive had over the last few weeks.

I TRIed to up lot size on this original trade
But it was a trade that when first taken I had a gut feeling would be a loser.
Even though there were 5 consecutive daily bodies pointing down and that hadnt happened on ucad for eons..............
It can easily go 7-9 consecutive once it breaks like that.
See NU. Hahahaha
#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 MightyOne » Wed Oct 07, 2015 2:31 pm

Trading can be easy if we trust ideas that work & statistics to keep us grounded in reality:

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 07, 2015 2:48 pm

Once someone decides 1.30 is a good price,
1.31 is easily attainable after the 50mp drop.

_20151007_094735.JPG
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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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 07, 2015 2:56 pm

MightyOne wrote:Trading can be easy if we trust ideas that work & statistics to keep us grounded in reality:
attachment]



LOL

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Btw,
What the hell is that squiggly thing under the HOUR on your sig.?

;-)
#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 MightyOne » Wed Oct 07, 2015 4:15 pm

Btw,
What the hell is that squiggly thing under the HOUR on your sig.?

;-)


m ... minutes :wink:

Notice that I do not say "wicks show not the way, bodies show the way"

Why? Because bodies come first, then profit is canceled, then bodies continue to show the way.

Can we take a trade because of wicks alone? Yes, but it is a gamble & we plan our trades accordingly.

With space you can do anything, without space you are trading for pips, if you are trading for pips then
you are not accomplishing much of anything.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 07, 2015 4:31 pm

Hmmmmmmmmm.png
Hmmmmmmmmm.png (72.72 KiB) Viewed 141 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 » Wed Oct 07, 2015 4:38 pm

MightyOne wrote:
Btw,
What the hell is that squiggly thing under the HOUR on your sig.?

;-)


m ... minutes :wink:

Notice that I do not say "wicks show not the way, bodies show the way"

Why? Because bodies come first, then profit is canceled, then bodies continue to show the way.

Can we take a trade because of wicks alone? Yes, but it is a gamble & we plan our trades accordingly.

With space you can do anything, without space you are trading for pips, if you are trading for pips then
you are not accomplishing much of anything
.


Ahhh!!! Haaa!!!

Now we are getting some where.
I haven't done much of anything the last 7 yrs.

Bodies are CONFORMATION.
#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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MightyOne
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Oct 07, 2015 4:46 pm

bodies are CONFORMATION.



Damn it, PRO, no *laugh*

Ideas & action, trade what you see, wait for nothing.

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