ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 784
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 328
Gender: Male
Contact:

Postby PTG » Wed Jul 29, 2009 8:57 pm

prochargedmopar wrote:Rule:
Do not chase price.
Well, look here, it's already up 60 pips and never gave me a chance to get in.........



"never gave me a chance"

Allow me to remark that this is not the case. You haven't given yourself a chance.

For example: you could have switched to a lower timeframe to find yourself an entry, not ?

Surprised like the Wile-E Coyote in the tunnel looking into the light of the fast approaching train :shock:

Happens to me too, if that's of any help. But don't blame the train...
There's no business like [strike]show[/strike] covid19 business.

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

User avatar
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 784
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 328
Gender: Male
Contact:

Postby PTG » Wed Jul 29, 2009 9:01 pm

One thing I'd like to add. Your determination to get to where you want to be is admirable and without a doubt an example and an encouragement for people that read your posts. Keep on going, you'll get there =D>
There's no business like [strike]show[/strike] covid19 business.

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12045
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jul 29, 2009 10:25 pm

PTG wrote:
prochargedmopar wrote:Rule:
Do not chase price.
Well, look here, it's already up 60 pips and never gave me a chance to get in.........



"never gave me a chance"

Allow me to remark that this is not the case. You haven't given yourself a chance.

For example: you could have switched to a lower timeframe to find yourself an entry, not ?

Surprised like the Wile-E Coyote in the tunnel looking into the light of the fast approaching train :shock:

Happens to me too, if that's of any help. But don't blame the train...


Oh, I could have got in.
Two things that held me back were #1, a partner I was chatting with that said convincingly it was going to S2 and #2 according to my MM I didn't want to put a stop larger than 25. This is where I deemed the chart would have told me I was wrong to go long.

While watching price action I noticed that the last correction wave went higher than the previous 4 (20 pips) and the following lower/low was a very weak push (8 pips). I figured you could easily get 20-25 out of this correction when it actually took off for 60 in no time.

Well, not chasing price action with large stop was a smart decision. See 4.5hrs later.

That 60 pip run-up going into gap time was the high extreme.

I think the M1 chart I posted is about as small as it gets and my personal choice for entry if my trigger finger wasn't froze over would have been 133.15.
I allowed the previous 2 losses to effect my current trade, a no no.

I do appreciate your motivational context to your posts PTG,
Thanks

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
PTG
rank: 500+ posts
rank: 500+ posts
Posts: 784
Joined: Thu Jan 08, 2009 2:24 pm
Reputation: 328
Gender: Male
Contact:

Postby PTG » Wed Jul 29, 2009 10:43 pm

prochargedmopar wrote:
PTG wrote:
prochargedmopar wrote:Rule:
Do not chase price.
Well, look here, it's already up 60 pips and never gave me a chance to get in.........



"never gave me a chance"

Allow me to remark that this is not the case. You haven't given yourself a chance.

For example: you could have switched to a lower timeframe to find yourself an entry, not ?

Surprised like the Wile-E Coyote in the tunnel looking into the light of the fast approaching train :shock:

Happens to me too, if that's of any help. But don't blame the train...


Oh, I could have got in.
Two things that held me back were #1, a partner I was chatting with that said it was going to S2 and #2 according to my MM I didn't want to put a stop larger than 25. This is where I would have been wrong in my decision to go long by what chart was tellng me.

While watching price action I noticed that the last correction wave went higher than the previous 4 (20 pips) and the following lower/low was a very weak push (8 pips). I figured you could easily get 20-25 out of this correction when it actually took off for 60 in no time.

Well, not chasing price action with large stop was a smart decision. See 4.5hrs later.

That 60 pips run-up going into gap time was the high extreme.

I think the M1 chart I posted is about as small as it gets and my personal choice for entry if my trigger finger wasn't froze over would have been 133.15.
I allowed the previous 2 losses to effect my current trade, a no no.

I do appreciate your motivational context to your posts PTG,
Thanks



My pleasure.

I hope your finger gets well soon :wink:

Somebody else posted this link http://blog.bigmiketrading.com/ on kreslik. I watched the video about the holy grail (right on the top). Might be of help, check it out. It's about disctractions amongst others. And sticking to a system. Sometimes the bleedin' obvious (as well as the not so) needs to be proclaimed loud and clear. The thicker the skull, the more energy it takes. Also, Alzheimer Light kicks in at times. Someone has to remind one :roll:
There's no business like [strike]show[/strike] covid19 business.

User avatar
prochargedmopar
rank: 10000+ posts
rank: 10000+ posts
Posts: 12045
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 1790
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Thu Jul 30, 2009 12:18 am

The larger correction trick:
I was long e/j 3 times....... A quick scalp short for the break that didn't act right so I closed it at .8.
And then:
Doh.

EUR/JPY 20 S 133.235 133.227 0.8 1.68 0.00 7/29/2009 19:52 7/29/2009 19:57
EUR/JPY 20 B 133.319 133.322 0.3 0.63 0.00 7/29/2009 19:42 7/29/2009 19:44
EUR/JPY 20 B 133.309 133.343 3.4 7.15 0.00 7/29/2009 19:25 7/29/2009 19:30
EUR/JPY 20 B 133.317 133.343 2.6 5.47 0.00 7/29/2009 19:19 7/29/2009 19:30
80 7.1 14.93 0.00


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
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

Postby razorboy » Thu Jul 30, 2009 12:50 am

what was your edge that made you go in where you did?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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 30, 2009 1:03 am

razorboy wrote:what was your edge that made you go in where you did?


5min candles getting smaller, top of the hour -- asian session just opened = volatility, it was a simple breakout trade. I managed 34pips in the 10mins

Trading short to the 30min ZL now.

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 30, 2009 1:09 am

Image

Out at ZL, +12%

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 30, 2009 1:41 am

Image

Long at label, tp hit at ZL. Charts were screwing up so don't know why it shows it didn't touch ZL but it did.

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 30, 2009 1:57 am

Image

Long at label, closed just above ZL -- thank you slippage.

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


Return to “TheRumpledOne”