ProchargedMopar's Trading Trilogy

[prochargedmopar]

So, I closed my eyes and scrolled back on m5 to see what I could SEE.

This is what I came up with. LOL

"Trading is waiting" TRO

When I'm confused, It's best for me to sit there waiting like the bottom guy above,
Cuz it won't be long until Mr. Market shows his hand and tells ME what to do next.

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By the way, the chart above says it all. It is very similar to the one I'm posting below that really changed my view and made something click.
Screenshot 2022-01-15 152547.png
doji

You do know I'm now 52 yrs old and use "readers".
That pic though..... LOL

Where's my magnifying glass, gotta be around here somewhere???

[prochargedmopar]

I get you ProCharge. I think you perfectly described the growth that takes place when a person comes into trading and wants to make it work. It’s not a “I hope it works” it’s a “I know it works.”

We are still waiting to see what chauent3 is up to.
Maybe he is thinking OR depending on where he lives just sleeping.

[dojirock]

Im 58 and using readers....

[prochargedmopar]

I see there were some trades earlier but I was busy playing Minecraft with my 6yo daughter.
Priorities, LOL

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[prochargedmopar]

New high, price reverses from new high.
Down bar, sometimes small/Med/Big,
Other times Big/Med/Small.
Nothing much of something in red circle.

Close down, wick in direction of loss, take it or the break of close.
Then 2nd bar closes below level 1.
See wick retest of ZL after break? (1st level)
Target level 2.
Check.

Simple horizontal lines and CLOSES.

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[prochargedmopar]

Did you really expect anything different??

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[prochargedmopar]

Pro,
You seem to have adjusted well during the retirement phase. It is a process, a rediscovery of purpose, and a time of reflection. I love your statement that trading isn't about the money anymore, it changes ones whole perception once that 'phase or cycle of trading' has been accomplished. Fear, Fomo, will decrease. This is one of the hardest things to overcome.

doji

Congrats on the soon to be Grandkid!!

You'd think I'd have one being the 5 oldest are 19-27. Nope.
The 6yo is what I imagine one to be like thouigh.

Spoiled to the max and I even buy here junk food and treats when ever she asks.
Man, it's rough.

Funny, she has me playing Mindcraft and all the other kids could never get me to.
She calls me "bud" when we are playing. "Hey bud, over here bud, fly like this bud, where ya at bud." Hahahaaha
Nutty.

[prochargedmopar]

I entered at close but marked entry after spread/slippage.

That down close had me confused but line was still valid.
3rd bar was a let's go bar.
4th was ok, show me.
5th was a take profit bar.

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[prochargedmopar]

Sheesh,
What a dud.

1.75 lines made on 2 buys.
2hrs in 9 pip range?

Boy, that's sketchy.
Was a pretty good starting line after all.
If I'm confused I know the market is. WAIT, LOL

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[prochargedmopar]

BTW,
What are the rules of the Eights "Game"?

Rule #1 Game ends in 2052. (30yrs)
Rule #2 Game resets when "Risk" equals 0.0
Rule #3 Risk box resets to 1% when account has doubled. (eg. $40 w/$4,000 acct @$1 per pip)
Rule #4 Max Risk on all entries equals 2 lines. (eg. $10 on 2 lines w/$4,000 acct size)
Rule #5 Have fun.

What is the definition of "Success"?

#1 When the broker does not allow a larger lot size.
#2 Do not pass Go, Do not collect $200, Go straight to Plan B.