ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jul 15, 2009 12:19 pm

Here is a sample of my faulty scalping.

got off work at 6:30am....pulled out netbook and started driving home. Saw some push back up after a little retrace so I entered a couple trades on the drive....LOL

Here are the entries:
13023185 EUR/USD 30 B 1.40684 1.40721 3.7 11.10 0.00 7/15/2009 07:35 7/15/2009 07:41
13023145 EUR/USD 30 B 1.40710 1.40669 -4.1 -12.30 0.00 7/15/2009 07:33 7/15/2009 07:35
lowest price since my entry was 66. entered at 71 and 68.....highest price was 86 and 10 min. later 83 and 5 min. later 83.

It's not what you trade it's how you trade it.
Right TRO?
Now tell me "there is no right or wrong"........
My first wife always said that phrase and added "only consequences".
Maybe.
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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
monolisa
rank: 150+ posts
rank: 150+ posts
Posts: 351
Joined: Fri Jun 12, 2009 11:38 am
Reputation: 0
Location: All Quiet on the Western Front
Gender: None specified

Postby monolisa » Wed Jul 15, 2009 12:47 pm

Hi procharged,

Where exactly did you enter? I just don't understand why the second trade is a loss when the trend is going up...

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

john225
rank: <50 posts
rank: <50 posts
Posts: 10
Joined: Wed May 13, 2009 9:18 am
Reputation: 0
Gender: None specified

Postby john225 » Wed Jul 15, 2009 12:56 pm

What are Z-Lines?

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jul 15, 2009 1:01 pm

Monalisa,
I entered near the open of the 2nd to last 30M candle overlay.
1.40684
1.40710

Here is what I think we can all agree is a momo 2hr overlay.
this should show us the true direction of the market.
Post momentum trading?
So we wait for pullback and then go with the flow?
Or, we wait till things peter out and then trade back to zero as held profit is cashed in.
Pretty simple right?
Just NOT yet easy!!

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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jul 15, 2009 3:28 pm

Thanks to a tip from dchappy I figured I'd try something this morning VERY simple.
If channel up/ price off bottom/ go long.
I added an overlay of M30 to use as an added filter.

Here is the first trade using it.
13031796 EUR/JPY 30 B 132.260 132.257 -0.3 -0.96 0.00 7/15/2009 11:00 7/15/2009 11:02
And here is a pic of the chart.
Leave it to me to get a -0.3 pips.....
Errrrrrrrrr. I'm pissed.

Image

All trades for london and NY sessions.

13031796 EUR/JPY 30 B 132.260 132.257 -0.3 -0.96 0.00 7/15/2009 11:00 7/15/2009 11:02
13031147 EUR/JPY 30 B 132.279 132.313 3.4 10.86 0.00 7/15/2009 10:45 7/15/2009 10:45
13030751 EUR/JPY 30 B 132.311 132.345 3.4 10.87 0.00 7/15/2009 10:35 7/15/2009 10:36
13030469 EUR/JPY 30 S 132.518 132.463 5.5 17.57 0.00 7/15/2009 10:29 7/15/2009 10:33
13023185 EUR/USD 30 B 1.40684 1.40721 3.7 11.10 0.00 7/15/2009 07:35 7/15/2009 07:41
13023145 EUR/USD 30 B 1.40710 1.40669 -4.1 -12.30 0.00 7/15/2009 07:33 7/15/2009 07:35
13017837 EUR/USD 30 S 1.40527 1.40484 4.3 12.90 0.00 7/15/2009 03:21 7/15/2009 03:26
13017839 EUR/USD 30 S 1.40520 1.40484 3.6 10.80 0.00 7/15/2009 03:21 7/15/2009 03:26
13017820 EUR/USD 30 B 1.40579 1.40530 -4.9 -14.70 0.00 7/15/2009 03:21 7/15/2009 03:21
13017772 EUR/USD 30 S 1.40576 1.40579 -0.3 -0.90 0.00 7/15/2009 03:19 7/15/2009 03:21
13017432 EUR/USD 30 B 1.40612 1.40576 -3.6 -10.80 0.00 7/15/2009 03:10 7/15/2009 03:19
13017434 EUR/USD 30 B 1.40617 1.40610 -0.7 -2.10 0.00 7/15/2009 03:10 7/15/2009 03:18
13017351 EUR/USD 30 S 1.40533 1.40614 -8.1 -24.30 0.00 7/15/2009 03:05 7/15/2009 03:10
13017314 EUR/USD 30 B 1.40600 1.40533 -6.7 -20.10 0.00 7/15/2009 03:03 7/15/2009 03:05
13017207 EUR/USD 30 S 1.40600 1.40591 0.9 2.70 0.00 7/15/2009 02:58 7/15/2009 02:59
13016162 EUR/USD 30 S 1.40335 1.40325 1 3.00 0.00 7/15/2009 02:31 7/15/2009 02:33
13016167 GBP/USD 30 S 1.63921 1.63868 5.3 15.90 0.00 7/15/2009 02:31 7/15/2009 02:33
Total 510 2.4 9.54 0.00

And Look at that thing climb.......
Do you know how many trades I've had like that today......
When I read the books and they said that EXITS were the most difficult and that is what most people have troubles with...taking profit.
I laughed!!!!
You know what, I ain't laughing now.

You see how far it went in this pick alone, with 3 red m1 candles.
I see 42 pips so far on the m1 chart.
look at the last wave of the last "bounce".
Happened just before I got chart set up.....Hmmmmmmm

Image
Last edited by prochargedmopar on Wed Jul 15, 2009 3:54 pm, edited 1 time in total.
#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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jul 15, 2009 3:39 pm

This can not be rocket science:
Look at next bounce.
Look at next M30 candle open.
Look at pips.

I'm not naive here. I know this will not work every day.
Or every session....
But, in high volume and after a momo bar pullback it would only take 1 or 2 days a week of trading.
That's alotofpips man.

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Jul 15, 2009 6:31 pm

Only a fool continually repeats a formula that does not work.

Price = position

Profit = time

Image

User avatar
Gert Frobe
rank: 150+ posts
rank: 150+ posts
Posts: 177
Joined: Fri Jun 30, 2006 9:51 pm
Reputation: 0
Location: Arlington, Texas
Real name: ben arata
Gender: Male

Postby Gert Frobe » Thu Jul 16, 2009 1:20 am

Pro I wished I had the self control to do mental stops. I have to use the stop market on the orders. I sometimes think I don't need to but I'll take a big hit and rember O Ya that's why I use them.

Air

dwhite13
rank: <50 posts
rank: <50 posts
Posts: 1
Joined: Wed Jul 01, 2009 2:53 am
Reputation: 0
Gender: Male

HORIZONZTAL/ BREAKOUT

Postby dwhite13 » Thu Jul 16, 2009 3:06 am

I WAS IMPRESS BY PIERRE23 TRADING STYLE AND HE TOLD ME HE LEARNED IT FROM YOU PROCHARGEDMOPAR AND MIGHTYONE. i WOULD LIKE TO LEARN THE HORIZONZTAL/ BREAKOUT/Z-LINE TRADING.

MY EMAIL IS delanow55@hotmail.com would you send me anything u have on it so I can learn it also.

thanks in advance

pierre23
rank: 150+ posts
rank: 150+ posts
Posts: 313
Joined: Thu Oct 09, 2008 3:17 am
Reputation: 0
Gender: Male

Postby pierre23 » Thu Jul 16, 2009 3:14 am

dwhite13 wrote:I WAS IMPRESS BY PIERRE23 TRADING STYLE AND HE TOLD ME HE LEARNED IT FROM YOU PROCHARGEDMOPAR AND MIGHTYONE. i WOULD LIKE TO LEARN THE HORIZONZTAL/ BREAKOUT/Z-LINE TRADING.

MY EMAIL IS delanow55@hotmail.com would you send me anything u have on it so I can learn it also.

thanks in advance


I mentioned everything you need to know are in these posts (and the never lose again thread) =)

You want to read MightyOne, TRO and es/pip's posts.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”