ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Thu Jul 16, 2009 3:38 pm

yup.
learn only what NOT to do psychologically from my log............

example:
Today's trades....... exactly 30 london and NY
+10.8

It's a trip because I'm now up over 400 pips on demo this week.

Basically all losses here too and what I could have had is ridiculous if I was able to hold..

13065133 EUR/JPY 30 B 132.025 132.043 1.8 5.77 0.00 7/16/2009 11:20 7/16/2009 11:21
13063219 EUR/JPY 30 B 131.905 131.918 1.3 4.17 0.00 7/16/2009 10:17 7/16/2009 10:17
13062581 EUR/JPY 30 B 131.750 131.771 2.1 6.75 0.00 7/16/2009 10:05 7/16/2009 10:05
13062498 EUR/JPY 30 B 131.680 131.730 5 16.07 0.00 7/16/2009 10:04 7/16/2009 10:04
13061695 EUR/JPY 30 B 132.265 132.273 0.8 2.56 0.00 7/16/2009 09:49 7/16/2009 09:49
13060702 EUR/JPY 30 S 132.192 132.194 -0.2 -0.64 0.00 7/16/2009 09:27 7/16/2009 09:27
13059162 EUR/JPY 30 B 132.559 132.583 2.4 7.68 0.00 7/16/2009 08:50 7/16/2009 08:51
13059014 EUR/JPY 30 B 132.441 132.549 10.8 34.55 0.00 7/16/2009 08:44 7/16/2009 08:48
13059097 EUR/JPY 30 B 132.501 132.549 4.8 15.36 0.00 7/16/2009 08:47 7/16/2009 08:48
13058859 EUR/JPY 30 B 132.563 132.471 -9.2 -29.44 0.00 7/16/2009 08:43 7/16/2009 08:44
13058795 EUR/JPY 30 B 132.636 132.566 -7 -22.39 0.00 7/16/2009 08:40 7/16/2009 08:42
13058715 EUR/JPY 30 B 132.720 132.727 0.7 2.24 0.00 7/16/2009 08:38 7/16/2009 08:38
13058451 EUR/JPY 30 B 132.935 132.967 3.2 10.22 0.00 7/16/2009 08:34 7/16/2009 08:34
13058401 EUR/JPY 30 B 132.995 133.011 1.6 5.11 0.00 7/16/2009 08:33 7/16/2009 08:33
13058298 EUR/JPY 30 B 133.120 133.138 1.8 5.74 0.00 7/16/2009 08:31 7/16/2009 08:31
13057374 EUR/JPY 30 B 132.485 132.495 1 3.20 0.00 7/16/2009 08:00 7/16/2009 08:00
13057322 EUR/JPY 30 B 132.581 132.551 -3 -9.60 0.00 7/16/2009 07:57 7/16/2009 07:59
13056440 EUR/JPY 30 S 132.733 132.721 1.2 3.84 0.00 7/16/2009 07:31 7/16/2009 07:31
13056280 EUR/JPY 30 B 132.496 132.615 11.9 38.03 0.00 7/16/2009 07:25 7/16/2009 07:28
13056227 EUR/JPY 30 B 132.489 132.397 -9.2 -29.41 0.00 7/16/2009 07:22 7/16/2009 07:23
13053252 EUR/JPY 30 B 131.933 131.880 -5.3 -16.97 0.00 7/16/2009 05:21 7/16/2009 05:25
13053152 EUR/USD 30 B 1.40787 1.40800 1.3 3.90 0.00 7/16/2009 05:10 7/16/2009 05:10
13050458 EUR/JPY 30 B 132.013 132.162 14.9 47.61 0.00 7/16/2009 03:15 7/16/2009 03:22
13050411 EUR/JPY 30 B 131.884 132.124 24 76.70 0.00 7/16/2009 03:14 7/16/2009 03:22
13050331 EUR/JPY 30 B 131.946 131.854 -9.2 -29.44 0.00 7/16/2009 03:11 7/16/2009 03:13
13050134 EUR/JPY 30 B 131.975 131.883 -9.2 -29.44 0.00 7/16/2009 03:02 7/16/2009 03:10
13049968 EUR/JPY 30 B 132.051 131.959 -9.2 -29.41 0.00 7/16/2009 03:00 7/16/2009 03:01
13049826 EUR/JPY 30 B 132.020 132.018 -0.2 -0.64 0.00 7/16/2009 02:54 7/16/2009 03:00
13049722 EUR/JPY 30 B 132.138 132.046 -9.2 -29.39 0.00 7/16/2009 02:51 7/16/2009 02:53
13049657 EUR/JPY 30 B 132.206 132.117 -8.9 -28.43 0.00 7/16/2009 02:49 7/16/2009 02:51
Total 900 10.8 34.30 0.00
Last edited by prochargedmopar on Thu Jul 16, 2009 11:31 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

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Postby razorboy » Thu Jul 16, 2009 6:38 pm

how are the quarters coming?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Fri Jul 17, 2009 3:08 pm

Razor,
flipping quarters is easy. I get the concept. applying it is another matter.
I read the pdf. twice. It's good.
I'll chat this weekend.
cya.

Today London, demo only trade.
Closed one e/j long after work for +51.6.
Holding long g/u over weekend to see what happens.


Live trades.....basically 2 buy zones at NY open
1st one stopped me out like a whip and only went down 4 more pips.....EVERYTING SAID UP so I re-entered Immediately.
Why I didn't hold it is the same reason I never do.
Hmmmmmm
1 scalp after the big run-up.

13090717 EUR/USD 10 B 1.41140 1.41148 0.8 0.80 0.00 7/17/2009 10:11 7/17/2009 10:23
13085591 GBP/USD 30 B 1.62895 1.63003 10.8 32.40 0.00 7/17/2009 08:00 7/17/2009 08:11
13085565 GBP/USD 30 B 1.62949 1.62858 -9.1 -27.30 0.00 7/17/2009 08:00 7/17/2009 08:00
Total 70 2.5 5.90 0.00
Last edited by prochargedmopar on Fri Jul 17, 2009 3:41 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

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Postby prochargedmopar » Fri Jul 17, 2009 3:38 pm

Been thinking about the 6x/3x/1x

Being I don't have all day to sit at the puter.
I came up with this.

Raise stop to 15.
TP set at z-line (15-?)

Use 30M as my 6x tf
Use 15M as my 3x tf
Use 5m as my 1x tf
Use 2hr blubb_custom as my daily tf (6x x 4 =24 periods = 2hrs)
Use D1 as my weekly


Here are the charts to support the view:

Weekly-D1's

Image

Daily-H2's over 3x tf

Image

6x-30m's over 1x- 5m tf

Image

3x-15m's over entry tf

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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Postby razorboy » Fri Jul 17, 2009 3:57 pm

Pro,

What are your probabilities associated with your entrance signal..........WHAT IS YOUR EDGE.

Wacking price like a pi?ata is not an edge!
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby prochargedmopar » Fri Jul 17, 2009 3:58 pm

MightyOne wrote:Only a fool continually repeats a formula that does not work.

Price = position

Profit = time

Image


MIghtyOne.

Such a simple but yet powerful chart that tells it all.
I'm demo-ing this stuff and I've been able to see it for month's now.....just can't do it with real money (my sin, remember).

I'm not showing this trade as a good entry or even a good trade, BUT I do say I'm learning because of the outcome and vision to see what's going on in the market at even higher time frames than I'm trading.

As soon as I entered I thought....dang, I should be going short for 40 pips or so. Lets look at H4's and see what it's telling me.......tada.

I entered a trade during london while on lunch break.

Thought the traders had been zeroed out but it was the wrong time frame and in the wrong direction...LOL

Had to sit through some serious drawdown. I could see trend up and the higher time frame had not been zeroed yet so it would come back...
When I got off work I closed it at the top for +51.6.

Entered on lower time frame so I did not see the purple 2 with X on it...doh.
The day before I had one go much smoother with minimal drawdown and closed it for
+84.8.

See account history below.
Entry bottom red line....Exit top green line.
Yeah, had 75 pip drawdown.
Not pretty. LOL

Image
Last edited by prochargedmopar on Fri Jul 17, 2009 4:04 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

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Postby razorboy » Fri Jul 17, 2009 3:58 pm

Pro,

What are your probabilities associated with your entrance signal..........WHAT IS YOUR EDGE.

Wacking price like a pinata is not an edge!
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby MightyOne » Fri Jul 17, 2009 6:35 pm

prochargedmopar wrote:Been thinking about the 6x/3x/1x

Being I don't have all day to sit at the puter.
I came up with this.

Raise stop to 15.
TP set at z-line (15-?)

Use 30M as my 6x tf
Use 15M as my 3x tf
Use 5m as my 1x tf
Use 2hr blubb_custom as my daily tf (6x x 4 =24 periods = 2hrs)
Use D1 as my weekly


Here are the charts to support the view:

Weekly-D1's

Image

Daily-H2's over 3x tf

Image

6x-30m's over 1x- 5m tf

Image

3x-15m's over entry tf

Image


Hourly, Daily, Weekly, Monthly, Yearly, & multiples of each should be used in analysis.

You should then trade the minute charts in the longer term picture.

Getting it right in the hourly direction is only the beginning; now you have to make your way through the multihourly momentum.

Once you have that cleared you have gained access to the Daily chart.
The last thing you want is to arrive at the Daily and find that there was/is no momentum (planning ppl!).

Make your way through the Daily and you may find your self on a Multiday ride for hundreds of pips where 5 pips = 1%, 50 = 10%, 500 = 100% (8% per day risk over a 40 pip SL).

If you have $400 how many doubles will it take to get to $1,000,000?

11.288!

Day trading gives value to long term trading :shock: that is the way I look at it.

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Postby prochargedmopar » Fri Jul 17, 2009 11:34 pm

Another trade taken about the same time that didn't pan out so well.

After glancing at a few charts I thought the previous traders had been zeroed out and the 2hr overlay was going to close as a bullish engulfing pattern of the previous candle..... I was up 8 pips quick so it would have been a good scalp. I went back to work and when I got off g/u had tanked. Broke support, even though it was on the last 15m candle of the H2 and way up high it reversed.....
Gotta WAIT for the TRUTH of the CLOSED body!!!!!!

The other thing I didn't take time to look at was the fact that price "corrected" but had not returned to the previous extreme......See the recent highs?? And the new lower lower of the 15M waves???
We were going down as it had not yet finished zeroing the HIGHER time frame.

I assessed that even though it had dropped so far from a support level that it would come back to test it and zero out the traders holding sell profit.

I figured I'd let it run over the weekend and get out a B/E as I had to go to bed.

Well, before friday's close it touched my entry price by +3 pips while sleeping.......Doh.
Missed that one.
Not sure what it's going to do now..........

Don't mind the -364 trade....I"ve got 3 of those running on e/j that I use as my:

PRO_modified_price_action_indicator, LOL

Amplifies price movement X3 to let me know which way things are going at a glance. The three together were -2400 pips a couple days ago.
hehehehe
If you can see loss, you can see profit, right?
Sells instead of buys.......+2400 in 1.5 weeks.
I know there is a time frame out there that told somebody to do it!!!!!!!!
Hmmmmmm

M.O.
The allure of forex!!! ........ double x11 equals 1 MIL.

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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Postby zapzinig » Sat Jul 18, 2009 12:48 am

Pro,

Here is something to think about. 4 trades off the daily chart +975 pips.

You can see them coming days away.

-ZZ

Image

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