ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 06, 2015 3:48 pm

MightyOne wrote:It's a cone, you just have to keep your eyes open.]


Possible capitulation.
Im going to wait it out.

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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 MightyOne » Tue Oct 06, 2015 5:27 pm

I need someone to tell me where/when to take profit.
Dammit.


I get out and price moves a billion more pips, but I'm not trading for pips so... :lol:

Fulfillment of a range
Long candle
cone breakout
break in
bodies consecutively larger/smaller
to exit and 'catch' price for an easier double

there are so many reasons, but what is your plan?

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Re: ProchargedMopar's Trading Trilogy

Postby dchappy » Tue Oct 06, 2015 9:36 pm

prochargedmopar wrote:I need someone to tell me where/when to take profit.
Dammit.


:wink:
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 07, 2015 4:38 am

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.

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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 8:20 am

We all know how this is gonna turn out.
Gnite.

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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 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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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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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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prochargedmopar
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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.

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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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