ProchargedMopar's Trading Trilogy

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aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Sun Dec 20, 2015 6:48 pm

prochargedmopar wrote:And,
Ive found M1/m5 is not my cup of tea. (I drink coffee)
H1 and up for entries. (Extreme cases m15)
H4-D1 for levels and setups.
W1 and up for dreaming.


Ya I use m15 to D1 but sometimes m5 can give early warnings.
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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sun Dec 20, 2015 11:08 pm

M15 or an M10 for entries, the standard D1, H4, H1 while looking.

If you are getting those long steep trends, uninterrupted by sideways PA,
then use something around an M3.

If you like the daily then move to H4
If you like H4 then move to H1
If you like H1 then move to M15 or M10
If you like M15 or M10 then place a trade.

Don't waste time holding for large moves with
small size.
1-2 units for 8-16 pips
4 units for 16-32 pips
8 units for 32-%target.

It could just as easily be:
1-2 units for 6-12 pips
4 units for 12-24 pips
8 units for 24+ pips.
Do whatever works for you...
but get your lot size up before worrying about more pips.
Last edited by MightyOne on Mon Dec 21, 2015 1:45 am, edited 1 time in total.

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Re: ProchargedMopar's Trading Trilogy

Postby TygerKrane » Mon Dec 21, 2015 1:07 am

aliassmith wrote:
TygerKrane wrote:
prochargedmopar wrote:"There are a ton of traders who say...I DONT TRADE ANY INDICATORS.
Fine, thats good, but maybe if they did and used them properly they would increase their odds of winning.
Thats a debate to have on another day. Today Im going to show you what other traders see and how we use indicators in conjunction with PA"
Steve Cook. FTC

¿But purely Price Action-based traders would still be in the minority tho, right??


I tried many indicators but I couldn't find one I liked so I use a naked chart unless I need to mark a point of interest.

If there was one indicator I'd like to go back to, it would be the Semas.

But since I am only looking to trade off of my tablet, and no longer using MT4, it ain't gonna happen no matter how curious I am to see how it integrates with my new trading understandings...

Other than that, I used to make some pretty charts trading with CC's, I miss my neon-scheme on a black background, they reminded me of Lite-Brite: :oops:
Image

Image

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Re: ProchargedMopar's Trading Trilogy

Postby TygerKrane » Mon Dec 21, 2015 1:12 am

prochargedmopar wrote:"There are a ton of traders who say...I DONT TRADE ANY INDICATORS.
Fine, thats good, but maybe if they did and used them properly they would increase their odds of winning.
Thats a debate to have on another day. Today Im going to show you what other traders see and how we use indicators in conjunction with PA"
Steve Cook. FTC

"There are a ton of traders who say...I DONT TRADE ANY FUNDAMENTALS.
Fine, thats good, but maybe if they did and used them properly they would increase their odds of winning.
Thats a debate to have on another day. Today Im going to show you what other traders see and how we use fundamentals in conjunction with PA"
Steve Cook. FTC

I am just trying a little word substitution to see just how compelling this statement actually is (or isn't)... :-k

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Re: ProchargedMopar's Trading Trilogy

Postby TygerKrane » Mon Dec 21, 2015 1:24 am

"There are a ton of traders who say...I DONT TRADE ANY PA.
Fine, thats good, but maybe if they did and used them properly they would increase their odds of winning.
Thats a debate to have on another day. Today Im going to show you what other traders see and how we use PA in conjunction with PA"
Steve Cook. FTC

Ok, so now it might seem like I'm being a jokester and using PRO's thread to launch a few bad jokes.
...and in truth, yes, reading that above statement does make me chuckle a little;
But really, let's think about it, how much more relevant (or less relevant) is THIS statement than the other two?

I think that in combination with the other two sentences, that it DOES make you think. :-k

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Re: ProchargedMopar's Trading Trilogy

Postby TygerKrane » Mon Dec 21, 2015 1:40 am

prochargedmopar wrote:Looked @ daily,
Looked @ h4,
Figured 87.90 was an easy target.
Dropped to m15 and entered.

It means nothing as Im not carrying rock.


PRO,
I meant to ask you, what is so special about "what's this?", that you have labeled in your image?

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 21, 2015 3:56 pm

TygerKrane wrote:"There are a ton of traders who say...I DONT TRADE ANY PA.
Fine, thats good, but maybe if they did and used them properly they would increase their odds of winning.
Thats a debate to have on another day. Today Im going to show you what other traders see and how we use PA in conjunction with PA"
Steve Cook. FTC

Ok, so now it might seem like I'm being a jokester and using PRO's thread to launch a few bad jokes.
...and in truth, yes, reading that above statement does make me chuckle a little;
But really, let's think about it, how much more relevant (or less relevant) is THIS statement than the other two?

I think that in combination with the other two sentences, that it DOES make you think. :-k


Not sure what your saying.
Chris lori started calling longs on a UCad using a FUNDAMENTAL view 1.02-1.03 area.
Said to HOLD long.
Just sent a tweet a few days ago saying he and many in his group are still holding as FUNDAMENTALLY it can still go higher. Usd against Cad.
Also, he has been saying to HOLD short AU too.
Keep in mind he trades intraday "volitility" using price action AND bank reports.

Your point?

What alias said:
"What ever works for you"

I'm not knocking anyone. This market has 1000+ ways to profit.

According to M.O.,
Those who profit most use the biggest lot size possible with little to NO risk.
#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 » Mon Dec 21, 2015 3:58 pm

TygerKrane wrote:
prochargedmopar wrote:Looked @ daily,
Looked @ h4,
Figured 87.90 was an easy target.
Dropped to m15 and entered.

It means nothing as Im not carrying rock.


PRO,
I meant to ask you, what is so special about "what's this?", that you have labeled in your image?


I have no idea.
For someone buying to the left It appears it would be a stop out swing.
Maybe it is a higher timeframe Breakout retest area.

Flipzone, bumpkiss, BreakoutRetest, or ZL.
Not sure.
#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 » Mon Dec 21, 2015 7:10 pm

Go HERE,look for Mark-02_Smile, "our Forex Methodology", click on "learn more".

Ignore the technical indicators and listen to what is being said...
for instance, "Wide Open Spaces", notice that the expectation is a: further target, longer move, steeper trend, momentum finish.

Understand the "idea" and the indicator vanishes, you know what you are looking for.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Dec 21, 2015 9:16 pm

MightyOne wrote:M15 or an M10 for entries, the standard D1, H4, H1 while looking.

If you are getting those long steep trends, uninterrupted by sideways PA,
then use something around an M3.

If you like the daily then move to H4
If you like H4 then move to H1
If you like H1 then move to M15 or M10
If you like M15 or M10 then place a trade.

Don't waste time holding for large moves with
small size.
1-2 units for 8-16 pips
4 units for 16-32 pips
8 units for 32-%target.

It could just as easily be:
1-2 units for 6-12 pips
4 units for 12-24 pips
8 units for 24+ pips.
Do whatever works for you...
but get your lot size up before worrying about more pips.



Hold up a sec.
Years ago your telling us to trade from a weekly +, then a daily +,
Price moves a hundred or hundreds of pips a day...
Now all of a sudden I only have to make 24-32 pips and I'll be a millionaire?

Thats easy.
#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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