ProchargedMopar's Trading Trilogy

prochargedmopar · Post by **prochargedmopar** » Fri Jun 09, 2023 5:59 pm

Profit still climbing along with the market. LOL

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prochargedmopar · Post by **prochargedmopar** » Fri Jun 09, 2023 6:21 pm

I'm out, have a good weekend. Going to eat a burger. LOL

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IgazI · Post by **IgazI** » Fri Jun 09, 2023 6:28 pm

What is right and wrong? does not compute :lol:

Up or down? draw a trend line. . .and nobody gets to tell you how it should be done.

In? did price move out of it at some point?

Out? what was price "in" at some point? what did it exit?

You can only draw a TL, mentally or otherwise, and trade with it and up or with it and down; trading "out" of something.

If price chose to move down and out from #2, breaking the up-trend, then you would have looked like a fking genius; but there is no way to know that in advance, you just have to do what price is doing.

Knowing where this trade exists on the hourly chart and whether you would want to take that chart long or short makes all the difference in the world; you should always allow for the opportunity of a trade going on a multi day trend. . ."lucking" my way into big trades is a good description of what I do.

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prochargedmopar · Post by **prochargedmopar** » Fri Jun 09, 2023 7:02 pm

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prochargedmopar · Post by **prochargedmopar** » Fri Jun 09, 2023 7:05 pm

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prochargedmopar · Post by **prochargedmopar** » Fri Jun 09, 2023 7:12 pm

IgazI wrote:What is right and wrong? does not compute

Up or down? draw a trend line. . .and nobody gets to tell you how it should be done.

In? did price move out of it at some point?

Out? what was price "in" at some point? what did it exit?

You can only draw a TL, mentally or otherwise, and trade with it and up or with it and down; trading "out" of something.

If price chose to move down and out from #2, breaking the up-trend, then you would have looked like a fking genius; but there is no way to know that in advance, you just have to do what price is doing.

Knowing where this trade exists on the hourly chart and whether you would want to take that chart long or short makes all the difference in the world; you should always allow for the opportunity of a trade going on a multi day trend. . ."lucking" my way into big trades is a good description of what I do.

up_out_dn_out.jpg

You have good advices.
For about a week or so when Kreslik was down I restricted myself to only ONE line.
I kept trying to pic tops/bottoms against the way price was CLOSING with multiple lines on chart.
This week I figured I would had the 3 lines of the "zone" where price was IN something before closing OUT.

Not working as well as ONE line, but not too shabby either. MORE PRACTICE.

All I have to do is ACCEPT A RANDOM LOSS and I'm a Millionaire.
ONE THING< ONE LINE>
GAME OVER.

But will he ever?
THAT my friends is the 7 million $$ question. LOL :mrgreen: