ProchargedMopar's Dart Dynasty

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MightyOne
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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Thu Apr 14, 2016 3:03 pm

prochargedmopar wrote:Simple breakout trading.



I think that analysis is as simple as separating breakouts from price patterns.

If you know what a breakout looks like then you don't need to know the pattern because the pattern is simply the
thing that is behind the breakout.


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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Thu Apr 14, 2016 4:07 pm

Another example on a stock chart:

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Thu Apr 14, 2016 6:43 pm

MightyOne wrote:
prochargedmopar wrote:Simple breakout trading.



I think that analysis is as simple as separating breakouts from price patterns.

If you know what a breakout looks like then you don't need to know the pattern because the pattern is simply the
thing that is behind the breakout.


AUDJPYecnM15.png


Using your overbought/oversold "indicator" I do not see how I can profit NOW.

I would be relegated to reversal trading. Uugh.
I sit down @6p or 1a to trade for 90 min a day......

Unless of course I waited on a daily or weekly chart for a {,
Then I could profit from a "breakout" trade.
But it would be 3-7 days before I collected my 200%.
Bahahahhaha
#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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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Thu Apr 14, 2016 6:44 pm

So many IDEAS,
So little profit.

Spending 12hrs a day away from home SUCKS.
#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 prochargedmopar » Thu Apr 14, 2016 9:19 pm

Being away from home 12 hrs a day does not get in the way or reduce my trading success.

I do miss part of my life working for the man.

FXCM results this month.

IMG_20160414_161713.jpg
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Last edited by prochargedmopar on Fri Apr 15, 2016 1:01 am, edited 2 times 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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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Fri Apr 15, 2016 12:59 am

Looks like profit both ways for a trader who waits on TOD for signal bar.

Only @market opens is what the professions would always say.
Did I ever listen?
Nope.

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Last edited by prochargedmopar on Fri Apr 15, 2016 5:04 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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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Fri Apr 15, 2016 3:38 am

prochargedmopar wrote:
Using your overbought/oversold "indicator" I do not see how I can profit NOW.

...


That is unfortunate now isn't it...

"Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame (with the obvious limitations explained above)
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H.Rearden

"Trading is guessing, if it wasn't then why would you need to [limit your risk]" - The Rumpled One

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Fri Apr 15, 2016 5:03 pm

Well,
It appears if I "limit my risk" success is guaranteed.

Per RobBooker;
"And a reminder:

I care about you. I care about how you are doing with your trading. I always like to hear from you. You can text me anytime at 304-281-8332.

And now, a little bit of a rant:

I have been seeing the words "should I" in a lot of questions lately.

Should I buy IBM?
Should I take profit on USD/CAD?

Or:

How many shares should I trade?
Is this trade ok? Should I get out?

The answer is: No one knows what you should do.

Except, of course, for you.

Too many traders feel there is some "right answer," or magical "risk management formula," or "special strategy".

But, in fact ...

... There are just are two types of traders:

Traders who let losses get out of control. They fail.
Traders who do not let losses get out of control. They win.
You might say, "Well, what strategy should I use?"

No one cares.

It doesn't matter.

Use a different strategy every day until you find one that is so awesome you don't want to use anything else.

Stop asking for permission to do your trading in a way that you like.

Stop wondering what a guru thinks of your trade.

Stop looking for validation outside of yourself.

Stop looking for a mentor. And instead ...

... Protect your account from big losses.

After that, do anything you like.

The big not-so-secret-secret is this:

If you protect your account from large losses, and do what is easy for you to do, you're going to be ok.

On the other hand, if you ever allow yourself to take a big loss, you are breaking the only trading rule that matters, and it doesn't matter if you have the "best mentor," the "best strategy," or you're using Van Tharp's sexy "optimal breadsticks method of risk management" or whatever.

Let me be very clear:

Backtesting doesn't matter.
Journaling your trades doesn't matter.
Your mentor doesn't matter.
Your strategy is irrelevant.
The size of your account is unimportant.
What market you trade doesn't matter.
Your past trading success/failure doesn't matter.

All that matters is that you make ONE decision every day:

I am not going to allow a large loss in my account.

Then, you just do what is easy for you to do, and you do it over and over again, and you compound your gains.

Have the best weekend ever. :)

The 5 things email will return on Monday."

- Rob
#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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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Sat Apr 16, 2016 5:04 am

I noticed that M. Kreslik recently liked a fb post by Rob B.

Small world.
#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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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Mon Apr 18, 2016 3:19 pm

Basic PA trading.
Both buys were either small wins OR b/e trades.
Both sells were winners.

Overriding trading philosophy:
Never take a big loss of OWN capital.
Your money, ok, mine? Not.

There are 2 rules to this method of madness.

A. Only trade @specific times of day.
B. Never trade into a ZL or Flip zone.

IMG_20160418_100819.jpg
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eg.

And it does not matter if some of these were profitable.
No trade.

IMG_20160418_101551.jpg
IMG_20160418_101551.jpg (105.58 KiB) Viewed 132 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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