ProchargedMopar's Dart Dynasty

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue Mar 08, 2016 5:27 pm

v8power wrote:So how is the trading plan going pro. It sucks you have suck limited time to actually trade.


Waiting.
Haven't taken any trades.
I don't really have a definite entry criterion I don't think.

Need a system so it's emotionless.
Effectively robotic.

I could choose I hr. Twice a day to trade small charts.
Not sure what to do.
#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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Re: ProchargedMopar's Dart Dynasty

Postby v8power » Tue Mar 08, 2016 5:39 pm

prochargedmopar wrote:
v8power wrote:So how is the trading plan going pro. It sucks you have suck limited time to actually trade.


Waiting.
Haven't taken any trades.
I don't really have a definite entry criterion I don't think.

Need a system so it's emotionless.
Effectively robotic.

I could choose I hr. Twice a day to trade small charts.
Not sure what to do.


Well congrats on not taking a trade, since you don't have a trading plan. I know systems are normally frowned upon here, but what about something like th london/frankfurt breakout box on G/U. Enclose price in a box between 11am-2a. Enter on the breakout, other side of the box is the sl. TP can be one unit double what your sl is and let the 2nd unit run (till crash zone or min ATR). Or what about when you can trade for 2 hours at the U.S. open, only looking for perfect "setups" ideas.

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue Mar 08, 2016 5:53 pm

For not having a plan this was a pretty good trade call:

NoPlan.png
NoPlan.png (28.25 KiB) Viewed 610 times


I am willing to make a commitment to trade 2a-4am est OR 10a-12p est.

London most likely best.

GU?
Hmmmmmmmm
Maybe GU, EU, and AJ.

Back to snatching
#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

v8power
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Re: ProchargedMopar's Dart Dynasty

Postby v8power » Tue Mar 08, 2016 6:03 pm

prochargedmopar wrote:For not having a plan this was a pretty good trade call:

NoPlan.png


I am willing to make a commitment to trade 2a-4am est OR 10a-12p est.

London most likely best.

GU?
Hmmmmmmmm
Maybe GU, EU, and AJ.

Back to snatching


Im such a juvenile. You using the word snatching made me smile. Its up to you what you want to trade. You could even do a bz trade during that time to, I almost always do to add to my cushin of profit.

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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Tue Mar 08, 2016 6:40 pm

for_PRO.png
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue Mar 08, 2016 7:47 pm

[quote="MightyOne"][/quote]

So Im assuming this would be expected price action then.

And a possible opportunity for those awake.

IMG_20160308_134517.jpg
IMG_20160308_134517.jpg (76.24 KiB) Viewed 587 times
#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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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Tue Mar 08, 2016 8:20 pm

I use cones as an "overbought/oversold" indicator.

So looking at the chart one might say that:
1) price broke long from the cone and is "overbought".
2) the body size shrank
3) BO + close lower & close is below the midpoint.

Price is now inside the cone & it could break higher yet again but we
are going to watch and trade away from the current midpoint so we cont. short.

1) Price now finds itself at the bottom of the cone and is "oversold"
2) there is a BO + close higher & close is above midpoint...

I don't want to sound mechanical, I am just trying to give you an idea of how cones are used.

HORIZONTAL LINES are #1; cones simply assist me in trading them.

EDIT: I suggest that the minimum TF for drawing horizontal lines be H1 as this gives you
enough time to actually trade away from the line.

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Re: ProchargedMopar's Dart Dynasty

Postby v8power » Tue Mar 08, 2016 8:40 pm

MightyOne wrote:I use cones as an "overbought/oversold" indicator.

So looking at the chart one might say that:
1) price broke long from the cone and is "overbought".
2) the body size shrank
3) BO + close lower & close is below the midpoint.

Price is now inside the cone & it could break higher yet again but we
are going to watch and trade away from the current midpoint so we cont. short.

1) Price now finds itself at the bottom of the cone and is "oversold"
2) there is a BO + close higher & close is above midpoint...

I don't want to sound mechanical, I am just trying to give you an idea of how cones are used.

HORIZONTAL LINES are #1; cones simply assist me in trading them.


No, please for the love of god please be mechanical when talking about cones. I feel like I am back in school, when i was labled "learning disabled". What if price broke out and just keep breaking long. Is there a area you u look to go long. What if it retraced back into the cone and then back out. What if it retraced down and kept going lower. Yea and know body in profit, wick in loss, price cant rise on wicks or close on something.

I just dont understand cones and etc. But when u draw them they seem to reveal and show so much. Plus there is always the idea that speed increases by 2 and slows down by half that also uses angles. I am not asking u to spoon feed me tha anwser, but a helpful nudge would be welcomed.

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Wed Mar 09, 2016 3:25 am

#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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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Wed Mar 09, 2016 7:28 am

v8power wrote:... I am not asking u to spoon feed me the answer, but a helpful nudge would be welcomed.


Ecclesiastes 3:1
To every thing there is a season, and a time to every purpose under the heaven:

:wink:

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