ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Nov 01, 2017 3:01 pm

Same thing dragon did trade after trade after trade.

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#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 Trading Trilogy

Postby prochargedmopar » Wed Nov 08, 2017 4:52 am

07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg
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#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 Trading Trilogy

Postby aliassmith » Wed Nov 08, 2017 3:07 pm

prochargedmopar wrote:Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg


Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.
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Postby MightyOne » Wed Nov 08, 2017 3:27 pm

That is a nice example of why it is necessary to use trend lines with the AO cross and why I like to see the slow MA on the chart.

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Wed Nov 08, 2017 5:37 pm

aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.


If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Wed Nov 08, 2017 6:29 pm

MightyOne wrote:
aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a $16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around $6,486.486.


If you do make 50 pips then you are up $375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.


Definitely more capital is better. I was just working off his 50 pips a day.
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Nov 09, 2017 1:23 am

prochargedmopar wrote:07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg



And here in lies the reason dchappy uses a hedge trade.

FBC9BD1E-F9FB-4EF8-A9D2-349931F62B11.jpeg
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#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 Trading Trilogy

Postby prochargedmopar » Thu Nov 09, 2017 1:32 am

aliassmith wrote:
prochargedmopar wrote:Same thing dragon did trade after trade after trade.

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg


Are you consistent trading like that? I would take 50 pips in a day. With a $2k account I would trade about $1/pip. I think you said something about making $150 a day so you would need $6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.


I have no idea.
My account says the last 6-8? trades have been profitable.
I don’t know what to do to make a few coins.
Not sure where 50 pips a day comes from, doesn’t seem possible.
The markets don’t seem to be moving much these days or maybe I’m looking a too large of charts. LOL

$150 a day would easily allow me to never work again.
My lifestyle would change very little but my time to live would increase drastically. At least for how ever many days I have left on this planet.

This current job sucks.
But I suppose it doesn’t suck enough or I would be doing something different.

When I retire in a year and a half It would be cool to start building Mopar turbo manifolds/kits.

That would be an awesome retirement as I’d have to test my products at the track. Bahahahahah
#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 Trading Trilogy

Postby MightyOne » Thu Nov 09, 2017 4:22 pm

prochargedmopar wrote:And here in lies the reason dchappy uses a hedge trade.


Code: Select all

 That's not a hedge, that's a stop loss in the most round about way possible.
 A hedge is done with options, intermonth spreads, correlated charts, etc, and you retain the potential to make money while in a hedge.

 First question: where did price come from?
 You can clearly see that price descended from that top oval and, if you had any doubts, the fact that price returned there is a double-underline saying 'THIS IS A PATTERN'.

 Second question: where did price go?
 You trace your finger down until it stops and on the micro scale it retraces a little bit and forms a pattern (the idea of a pattern is a close or congestion and what close is at the maximum price of the expansion?...it could happen, but that is not what we are seeing)
 Imagine that the micro pattern is sitting on something: that is why the oval is placed at that location.

 Third question: is price reacting to the midpoint of the patterns?
 this is a strategic place to take profit, esp. if you are trading back and forth, and by watching this area you can usually get an idea of what the plan is.

 Fourth question: what is the market condition?
 Is price making beautiful V's? Is it moving sideways (narrow or wide?)? Is it making steps? Are the moves straightforward or 'tricky'?
 What do you expect going into the trade?

 Now you consider your risk-box, how many lines you have, whether or not you need to adjust your positon sizing (need more lines? volatility?...)
 
 Done with your homework? Great!
 Now you can trade lines, risk lines, and make lines!


EURJPYM15.png
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Nov 13, 2017 6:23 am

MightyOne wrote:
prochargedmopar wrote:And here in lies the reason dchappy uses a hedge trade.


Code: Select all

 That's not a hedge, that's a stop loss in the most round about way possible.
 A hedge is done with options, intermonth spreads, correlated charts, etc, and you retain the potential to make money while in a hedge.

 First question: where did price come from?
 You can clearly see that price descended from that top oval and, if you had any doubts, the fact that price returned there is a double-underline saying 'THIS IS A PATTERN'.

 Second question: where did price go?
 You trace your finger down until it stops and on the micro scale it retraces a little bit and forms a pattern (the idea of a pattern is a close or congestion and what close is at the maximum price of the expansion?...it could happen, but that is not what we are seeing)
 Imagine that the micro pattern is sitting on something: that is why the oval is placed at that location.

 Third question: is price reacting to the midpoint of the patterns?
 this is a strategic place to take profit, esp. if you are trading back and forth, and by watching this area you can usually get an idea of what the plan is.

 Fourth question: what is the market condition?
 Is price making beautiful V's? Is it moving sideways (narrow or wide?)? Is it making steps? Are the moves straightforward or 'tricky'?
 What do you expect going into the trade?

 Now you consider your risk-box, how many lines you have, whether or not you need to adjust your positon sizing (need more lines? volatility?...)
 
 Done with your homework? Great!
 Now you can trade lines, risk lines, and make lines!


EURJPYM15.png


Ok,
so what timeframe do I use on UJ or AU if my lines are 20 pips apart?
Gotta keep this as simple as possible.
No funny business.
Trade lines, risk lines, and make lines.
I’ve got lots of car parts to buy.

And that damned inflation.
Hella outa hand.
I could get a # of Bison for $3.99 on sale and reg price was $4.99 a few years ago.
Now I see at HEB it’s $9.97 a Pound.
Holy macaroni, I wish my hourly base pay rate would have
doubled to match the inflation rate.
Guessing a successful trader can just double his pip value.
LOL
#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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