ProchargedMopar's Trading Trilogy

[IgazI]

Look for support, when going long, don't draw resistance ahead of your trade:
- there will always be nearby resistance, the question is whether or not it will hold;
since you are looking to go long, you're going to assume that it won't.

When you're in a trade, simply follow your exit strategy:
- using these 60-degree trend lines, we can see price accelerating away from the angle or decelerating towards the angle.
- if you want to trade what you think, get out of half and then let the technicals take you out of the other half.

Looking far left is inefficient, just use larger charts; details are important now, they are not important hours from now.

"There is no reason to sell a rising stock" -Darvas

no_money-lines.jpg (51.39 KiB) Viewed 977 times

[prochargedmopar]

Look for support, when going long, don't draw resistance ahead of your trade:
- there will always be nearby resistance, the question is whether or not it will hold;
since you are looking to go long, you're going to assume that it won't.

When you're in a trade, simply follow your exit strategy:
- using these 60-degree trend lines, we can see price accelerating away from the angle or decelerating towards the angle.
- if you want to trade what you think, get out of half and then let the technicals take you out of the other half.

Looking far left is inefficient, just use larger charts; details are important now, they are not important hours from now.

"There is no reason to sell a rising stock" -Darvas

no_money-lines.jpg

I have no idea what you just said.
I got up this morning, and knew nothing.
Might as well be my first day to look at a chart.

I'm *censored - swear word*.

[prochargedmopar]

I drew these lines a little after 8am.

It's like 11:30.

I don't know.

I'm *censored - swear word*.

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[IgazI]

I have no idea what you just said.
I got up this morning, and knew nothing.
Might as well be my first day to look at a chart.

I'm *censored - swear word*.

It's called "analysis paralysis". . .

it happens when you overload your brain with bullsh-t

[prochargedmopar]

I'm pretty much f'd, may go the way of Sir Pumpster. (he quit and disappeared from discord)
Woke up, knew nothing. Blew an acct right off the bat after the first trade. This one had 2 large drawdowns, moved stop almost every trade, added 2nd mini on about 1/2 the entries. 16yrs of STUDY does nothing. Everything looks PERFECT in hindsight. I can "teach" 20-50 methods. (NO, I don't have 81 ways to get in, YET)
Trade? ZERO.

###misc3.jpg (178.62 KiB) Viewed 958 times

[prochargedmopar]

The internet WINS again.
LOVE the comments section of posts likethese.

LMAO!!!!!!!!!

https://twitter.com/wallstreetsilv/stat ... 62305?s=46

[IgazI]

I'm pretty much f'd, may go the way of Sir Pumpster. (he quit and disappeared from discord)
Woke up, knew nothing. Blew an acct right off the bat after the first trade. This one had 2 large drawdowns, moved stop almost every trade, added 2nd mini on about 1/2 the entries. 16yrs of STUDY does nothing. Everything looks PERFECT in hindsight. I can "teach" 20-50 methods. (NO, I don't have 81 ways to get in, YET)
Trade? ZERO.

Sounds like you are in a better place than you were when you went to bed:

nothing is exactly what I know too, I just have a system of analysis whereby I trade what I see

Trading is patterns and breakouts, because the only thing the market can do is stall and move.

Profit is in the direction of bodies, because prices cannot rise over time without them. . .

that is why the "ideas" thread is called "the ideas" thread. . .because trading is the implementation of basic truths;
when you rely on "monkey lines" and subjective BS then you will only become more uncertain.

It's "as simple as 1-2-3", you're just making it harder than it needs to be.

[IgazI]

The internet WINS again.
LOVE the comments section of posts likethese.

LMAO!!!!!!!!!

If there are aliens, you can be sure that the government created them in a test tube.

I had a relative with high level clearance, and we're only now seeing some of the tech. that the gov. had 60+ years ago. . .
who knows what they are able to do now.

[kiwiarian]

The internet WINS again.
LOVE the comments section of posts likethese.

LMAO!!!!!!!!!

If there are aliens, you can be sure that the government created them in a test tube.

I had a relative with high level clearance, and we're only now seeing some of the tech. that the gov. had 60+ years ago. . .
who knows what they are able to do now.

I read a book about the GCSB in the UK early 2000, they had drones that hovered over London and listened to cell phone calls and could voice ID the caller and check they were not on a wanted list, all automated.

[kiwiarian]

Look for support, when going long, don't draw resistance ahead of your trade:
- there will always be nearby resistance, the question is whether or not it will hold;
since you are looking to go long, you're going to assume that it won't.

When you're in a trade, simply follow your exit strategy:
- using these 60-degree trend lines, we can see price accelerating away from the angle or decelerating towards the angle.
- if you want to trade what you think, get out of half and then let the technicals take you out of the other half.

Looking far left is inefficient, just use larger charts; details are important now, they are not important hours from now.

"There is no reason to sell a rising stock" -Darvas

no_money-lines.jpg

interesting as Pro was showing me some charts where price reactions/levels from the far left were still causing reactions when price revisited it.
Something to backtest to see how often this would occur as price can just truck on through as well.