ProchargedMopar's Trading Trilogy

[prochargedmopar]

M.O. 1/19/09
You really want to be successful as a trader?

Pull together $400 and put it in an account with the goal of placing a trade and exiting with the smallest loss.
Do not even consider making money just continue to practice losing professionally.
A strange thing will then happen...

your account will grow


30M chart.
Hmmmmmm

[prochargedmopar]

A/J 30m chart

I left 50+ pips on the table in the move up. It's a megaphone which means range expanding.......not retracting..duh.

I shorted and the little booger tried to spike me out....out +30 on part.
smaller position running.

[aliassmith]

"You really want to be successful as a trader?

Pull together $400 and put it in an account with the goal of placing a trade and exiting with the smallest loss.
Do not even consider making money just continue to practice losing professionally.
A strange thing will then happen...

your account will grow "

Make tight entries, close to S/R and get out when a candle closes against
(breaks) the S/R?

EDIT: Entry at top red line! Exit when last candle closed below!
Controlling losses is vital to success.

[prochargedmopar]

nice clean pic alias.

A must read the couple pages before and after this one.

http://www.kreslik.com/forums/viewtopic ... start=1900

es/pip asks the "classic" questions and m.o. gives up his "classic" answers.
It's all there, entries, exits, and which way to trade!!!!!!!!!!!!!!

It's simply amazing how things evolved over the next 1000-1200 pages on kreslik when everything we needed was in the first 30-50 of his postings.

Pure and Simple.

Think of all the different minds on this board. The different hopes/fears. I still think the most amazing part of all is how he continued to adapt and morph what he was saying to help each individual personality.

Crazy stuff.

Oh, 53+ btw a/j short.... It was up over 70 while I was napping.
Target near yhigh(support)

[Brookmyre]

A must read the couple pages before and after this one.

http://www.kreslik.com/forums/viewtopic ... start=1900

es/pip asks the "classic" questions and m.o. gives up his "classic" answers.
It's all there, entries, exits, and which way to trade!!!!!!!!!!!!!!

It's simply amazing how things evolved over the next 1000-1200 pages on kreslik when everything we needed was in the first 30-50 of his postings.

Funny you should say this....I went back a few days ago and started to reread NLA for about the third time and thought exactly the same thing. It was all there at the start and I simply didn't understand what was being said. I got thru about thirty pages and realised MO had already started repeating himself and everything after that was an attempt to explain the same thing different ways.

[prochargedmopar]

I sold at 65....+10
Felt good until I saw chart a few min later.



I sold g/u at 92. -4
Felt good that I managed trade for a small loss.
Until I looked at chart a few min later.



I need psychiatrist when trading live or just give signals to someone else and let them do it.

[prochargedmopar]

I just m ight print this out and hang it off my monitor and put one in my pocket.

[prochargedmopar]

M30




hmmmm

[prochargedmopar]

posted by m.o.
edited.

[prochargedmopar]

Hmmmm