ProchargedMopar's Trading Trilogy

[prochargedmopar]

"HTF" view.

If you can call m15 a high timeframe. lol

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[prochargedmopar]

Insanely CLEAN Price action today.

Wow!!

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[aliassmith]

Insanely CLEAN Price action today.

Wow!!

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How many trades did you take?

[Mr. Hyde]

Insanely CLEAN Price action today.

Wow!!

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How many trades did you take?

yeah. Inquiring minds want to know. Are these actually trades. You look like you did awesome, Looking back, there was one trade I would have taken off the 1hr for maybe 2 or 3 to 1. And one off the m5/m15. But that is purely hindsight.

[prochargedmopar]

Insanely CLEAN Price action today.

Wow!!

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How many trades did you take?

I took 5 trades.
Lost the first one for -10.
Won the other four taking 5 pips a pop.

For 3 weeks I've been practicing taking 5 pips a day with one trade.
The last few days been going a little overboard. Feels like old times.
Multiple trades a day cuz it's easy pickins.

To paraphrase TRO
"Trading is simple but making money trading ain't easy"

Sure looks easy using Zlines n Momo.

I started dropping arrows on chart before hand where I thought there were entries and price was bouncing like a machine. ATM machine. LOL .

My last trade for 5 pips was here.
I set limit to buy at red line but it didn't get taken in so I entered at market. ONLY TOOK 5 PIPS.

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[aliassmith]

Insanely CLEAN Price action today.

Wow!!

###8.JPG

How many trades did you take?

I took 5 trades.
Lost the first one for -10.
Won the other four taking 5 pips a pop.

For 3 weeks I've been practicing taking 5 pips a day with one trade.
The last few days been going a little overboard. Feels like old times.
Multiple trades a day cuz it's easy pickins.

To paraphrase TRO
"Trading is simple but making money trading ain't easy"

Sure looks easy using Zlines n Momo.

I started dropping arrows on chart before hand where I thought there were entries and price was bouncing like a machine. ATM machine. LOL .

My last trade for 5 pips was here.
I set limit to buy at red line but it didn't get taken in so I entered at market. ONLY TOOK 5 PIPS.

###10.JPG

Its the overboard that can kill ya.
1 to 2 trades a day can help with better trade selection.
Then with enough data you can really hone in your money management.

Then again if you are risking low leverage like 20 pips equal 1% then 5 trades isn't to bad as long as you have a daily loss limit of say 1%. So 2 full stops would take you out for the day.

[prochargedmopar]

How many trades did you take?

I took 5 trades.
Lost the first one for -10.
Won the other four taking 5 pips a pop.

For 3 weeks I've been practicing taking 5 pips a day with one trade.
The last few days been going a little overboard. Feels like old times.
Multiple trades a day cuz it's easy pickins.

To paraphrase TRO
"Trading is simple but making money trading ain't easy"

Sure looks easy using Zlines n Momo.

I started dropping arrows on chart before hand where I thought there were entries and price was bouncing like a machine. ATM machine. LOL .

My last trade for 5 pips was here.
I set limit to buy at red line but it didn't get taken in so I entered at market. ONLY TOOK 5 PIPS.

###10.JPG

Its the overboard that can kill ya.
1 to 2 trades a day can help with better trade selection.
Then with enough data you can really hone in your money management.

Then again if you are risking low leverage like 20 pips equal 1% then 5 trades isn't to bad as long as you have a daily loss limit of say 1%. So 2 full stops would take you out for the day.

While practicing I'm risking like 10-15 units a trade.
(1/10th of a cent) lol

[aliassmith]

I took 5 trades.
Lost the first one for -10.
Won the other four taking 5 pips a pop.

For 3 weeks I've been practicing taking 5 pips a day with one trade.
The last few days been going a little overboard. Feels like old times.
Multiple trades a day cuz it's easy pickins.

To paraphrase TRO
"Trading is simple but making money trading ain't easy"

Sure looks easy using Zlines n Momo.

I started dropping arrows on chart before hand where I thought there were entries and price was bouncing like a machine. ATM machine. LOL .

My last trade for 5 pips was here.
I set limit to buy at red line but it didn't get taken in so I entered at market. ONLY TOOK 5 PIPS.

###10.JPG

Its the overboard that can kill ya.
1 to 2 trades a day can help with better trade selection.
Then with enough data you can really hone in your money management.

Then again if you are risking low leverage like 20 pips equal 1% then 5 trades isn't to bad as long as you have a daily loss limit of say 1%. So 2 full stops would take you out for the day.

While practicing I'm risking like 10-15 units a trade.
(1/10th of a cent) lol

Ok sorry to bother you carry on. Nothing to see here. Good that you aren't risking too much. Some people get stupid and risk way to much for their skill level.

As you get confident. I mean the real stuff not ego. Then I would start using proper/professional money management (Risk Management) with a small account size to prove yourself to yourself. Not judging yourself based on others.

[prochargedmopar]

Gap open and buy m15 but no way to get in that with 10 pip spread.

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[prochargedmopar]

UJ M5 Harry Hindsight:
BIG spread but legit setup.

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