ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Sat Jun 06, 2009 1:10 am

WHAT THE fUUUUUUUUU!!!

Uh Huh.
I'm looking at a H4 chart.
Over the last 18 days of trading if you waited until you saw 4 H4 candles retrace and took a trade with a 125 pip stop you would have been guaranteed 100 pips profit on the next 4-6 candles.

Now,
the big boys are saying we are headed for a trend reversal again.
Does this mean that I can bank 100 pips with ease for the next 2-3 weeks?

Now I know why MightyOne says to advance and retreat.
Dont' reverse.
When the down trend gets entrenched I'm gonna give it a shot.
Count any 4 candles after a new High and tell me what you see.
Image
#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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Postby MightyOne » Sat Jun 06, 2009 3:09 am

For your own good keep your stops under 20 pips unless you don't mind spending 6 hours at the computer per loss working your way to B.E..

prochargedmopar wrote:WHAT THE fUUUUUUUUU!!!

Uh Huh.
I'm looking at a H4 chart.
Over the last 18 days of trading if you waited until you saw 4 H4 candles retrace and took a trade with a 125 pip stop you would have been guaranteed 100 pips profit on the next 4-6 candles.

Now,
the big boys are saying we are headed for a trend reversal again.
Does this mean that I can bank 100 pips with ease for the next 2-3 weeks?

Now I know why MightyOne says to advance and retreat.
Dont' reverse.
When the down trend gets entrenched I'm gonna give it a shot.
Count any 4 candles after a new High and tell me what you see.
Image

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razorboy
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Postby razorboy » Sat Jun 06, 2009 3:52 am

ya, seriously, dont fall for that 100 pip SL bs

take a look at the stuff TEO has posted (i think you have already actually) - ya It involves squiggles, but it may make you see things a little better and understand the relationships



MightyOne wrote:For your own good keep your stops under 20 pips unless you don't mind spending 6 hours at the computer per loss working your way to B.E..

prochargedmopar wrote:WHAT THE fUUUUUUUUU!!!

Uh Huh.
I'm looking at a H4 chart.
Over the last 18 days of trading if you waited until you saw 4 H4 candles retrace and took a trade with a 125 pip stop you would have been guaranteed 100 pips profit on the next 4-6 candles.

Now,
the big boys are saying we are headed for a trend reversal again.
Does this mean that I can bank 100 pips with ease for the next 2-3 weeks?

Now I know why MightyOne says to advance and retreat.
Dont' reverse.
When the down trend gets entrenched I'm gonna give it a shot.
Count any 4 candles after a new High and tell me what you see.
Image
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Sat Jun 06, 2009 4:20 am

pro

you need to take into account momentum candles with the semafor patterns. they often change the entry points.

watch price action after a momo candle
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby ilovetro » Sat Jun 06, 2009 9:35 am

hi razorboy,

which ones are the momentum candles? thanks in advance.

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Postby prochargedmopar » Sun Jun 07, 2009 12:20 am

Razorboy wrote:

having been using the semifor a lot (and I do mean a lot), I can tell you that the best entry points are not always after the 3 (even using the MA cross approach - you still end up with the same problems - determining the transition between a ranging market and a trending market.

What you need to do is determine where the longer term (say 4 hour) momentum is relative to the price action on the 5/15 minute chart is - figure that out and you have the answer
#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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Postby TheRumpledOne » Sun Jun 07, 2009 12:50 am

"Pick ONE system/Follow the RULES!"
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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prochargedmopar
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Postby prochargedmopar » Sun Jun 07, 2009 2:43 am

LOL,
Saw this and said to my wife, TRO, he's always on my butt and he's always right.
She said:
We can tell him that me and him have something in common "we are always on your butt and we are always right."
Not funny.

Just using the others to "learn" about the market.
This thing (market) is almost as interesting as I am.
I know, All I need is 1 candle, 1 time frame and one line.

I've recently thought of price as being on a totem pole.
What if that is all we were able to look at.
Straight up or straight down.
We'd become momentum/volatility interpreting Gods.
#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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Postby prochargedmopar » Sun Jun 07, 2009 5:48 pm

M.O. wrote:
"Your biggest SIN is that your focusing more on the MONEY/PIPS than on the TRADE." (paraphrased)


By focusing exclusively on the trade and my targets I would be able to deal more rationally with the Illusory candle. Me thinks.

EDIT:
Watching the zigs and the zags is making miss the zoom...........

Man, have I got to get a grip on this.
#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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Postby prochargedmopar » Mon Jun 08, 2009 12:55 am

-69.8 pips.

Long for .6
Long 2 entries for -24
Stop and reverse with 3 entries for -45 pips.
Done for day.

11819504 EUR/JPY 20 S 137.563 137.715 -15.2 -30.84 0.00 6/7/2009 19:26 6/7/2009 19:32
11819506 EUR/JPY 20 S 137.563 137.715 -15.2 -30.84 0.00 6/7/2009 19:26 6/7/2009 19:32
11819501 EUR/JPY 20 S 137.559 137.711 -15.2 -30.84 0.00 6/7/2009 19:26 6/7/2009 19:32
11819101 EUR/JPY 20 B 137.649 137.553 -9.6 -19.50 0.00 6/7/2009 19:09 6/7/2009 19:26
11818944 EUR/JPY 20 B 137.711 137.559 -15.2 -30.88 0.00 6/7/2009 19:00 6/7/2009 19:26
11818137 EUR/JPY 20 B 137.598 137.604 0.6 1.22 0.00 6/7/2009 18:29 6/7/2009 18:33
Total 120 -69.8 -141.68 0.00
#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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