Patterns Observation.

[Don_xyZ]

Eights and Space are definitely parlaying profits into.......

Betting/Gambling? Nah. LOL

Screen Shot 2022-03-24 at 9.21.15 AM.png

Then it’s not and I’m wrong

I'm not to sure you are wrong. I thnk PRO looked up parlay as it pretains to Football betting.

So from what you explained parlay is a method similar to what I call risk gearing. ICT calls it speed of money. MO had a few versions, Space being one of them, pip cushion was another version.

Im also not sure why some people don't understand that Trading is betting/gambling. Its skill based like poker but still gambling. Its also the reason MO told me to read a poker book.

At the end of the day I prefer Trading over poker, sports betting. Or horses. Unless its deadhorses

Exactly, parlay is just the concept. Extract the good, dump the trash.

[Don_xyZ]

Upon completing successive profitable trades, the trading account might grow 9x, 21x, 45x or even more if the trading conditions allow. Growing 9x the original R is only 1x of successful parlay and 21x is only 2 successful parlays. Good enough?




If you look at it, parlay is the anti-martingale.

Please ignore my ugly hand writing.

[prochargedmopar]

Eights and Space are definitely parlaying profits into.......

Betting/Gambling? Nah. LOL

Screen Shot 2022-03-24 at 9.21.15 AM.png

Then it’s not and I’m wrong

I'm not to sure you are wrong. I thnk PRO looked up parlay as it pretains to Football betting.

So from what you explained parlay is a method similar to what I call risk gearing. ICT calls it speed of money. MO had a few versions, Space being one of them, pip cushion was another version.

Im also not sure why some people don't understand that Trading is betting/gambling. Its skill based like poker but still gambling. Its also the reason MO told me to read a poker book.

At the end of the day I prefer Trading over poker, sports betting. Or horses. Unless its deadhorses

I just google searched the word for it's definition and those are what popped up.
Yup, SpaceBalls, Eights, and many others, even 3 and flee. LOL

Is someone who counts cards gambling?
If so, why do they get banned for life?

I'd say MightyOne and ICT are not gamblers.
When I was a maint man for 25 yrs it wasn't a gamble when a repair was done and later failed.
When we made boxes in production we not only had bad boxes but also bad orders.
I wouldn't call it a gamble just because the company sometimes failed to produce perfect product.

Trading can be gambling the way I've played the game.
ALL ON RED!
For successful traders I'd say NO.

[prochargedmopar]

Upon completing successive profitable trades, the trading account might grow 9x, 21x, 45x or even more if the trading conditions allow. Growing 9x the original R is only 1x of successful parlay and 21x is only 2 successful parlays. Good enough?




If you look at it, parlay is the anti-martingale.

Please ignore my ugly hand writing.

Stacking with held profit (that is not yet yours).
Plain and simple.

"Trade to targets(%'s), NOT for pips" MO
"I know it doesn't make sense, I tell you to risk little, then I tell you to risk everything " MO paraphrased.

[aliassmith]

Then it’s not and I’m wrong

I'm not to sure you are wrong. I thnk PRO looked up parlay as it pretains to Football betting.

So from what you explained parlay is a method similar to what I call risk gearing. ICT calls it speed of money. MO had a few versions, Space being one of them, pip cushion was another version.

Im also not sure why some people don't understand that Trading is betting/gambling. Its skill based like poker but still gambling. Its also the reason MO told me to read a poker book.

At the end of the day I prefer Trading over poker, sports betting. Or horses. Unless its deadhorses

I just google searched the word for it's definition and those are what popped up.
Yup, SpaceBalls, Eights, and many others, even 3 and flee. LOL

Is someone who counts cards gambling?
If so, why do they get banned for life?

I'd say MightyOne and ICT are not gamblers.
When I was a maint man for 25 yrs it wasn't a gamble when a repair was done and later failed.
When we made boxes in production we not only had bad boxes but also bad orders.
I wouldn't call it a gamble just because the company sometimes failed to produce perfect product.

Trading can be gambling the way I've played the game.
ALL ON RED!
For successful traders I'd say NO.

Just because a poker player. Card counter, or trader is good doesn't mean its not gambling.

If it wasn't gambling why would you manage risk.

A slot machine might have a 90% payout. Since it has a higher probability of getting paid. Does that make it not gambling?

I'm risking $100 and have an expectation of making $100 75% of the time..
Apply that statement to football, soccer, a poker hand, a trade, dice roll.

1b and 2

[Don_xyZ]

Then it’s not and I’m wrong

I'm not to sure you are wrong. I thnk PRO looked up parlay as it pretains to Football betting.

So from what you explained parlay is a method similar to what I call risk gearing. ICT calls it speed of money. MO had a few versions, Space being one of them, pip cushion was another version.

Im also not sure why some people don't understand that Trading is betting/gambling. Its skill based like poker but still gambling. Its also the reason MO told me to read a poker book.

At the end of the day I prefer Trading over poker, sports betting. Or horses. Unless its deadhorses

I just google searched the word for it's definition and those are what popped up.
Yup, SpaceBalls, Eights, and many others, even 3 and flee. LOL

Is someone who counts cards gambling?
If so, why do they get banned for life?

I'd say MightyOne and ICT are not gamblers.
When I was a maint man for 25 yrs it wasn't a gamble when a repair was done and later failed.
When we made boxes in production we not only had bad boxes but also bad orders.
I wouldn't call it a gamble just because the company sometimes failed to produce perfect product.

Trading can be gambling the way I've played the game.
ALL ON RED!
For successful traders I'd say NO.

I never said MO and ICT are gamblers, pro. I think the concepts have similarities. Not the mechanisms. If you think otherwise, fine, I have no problem and I have no intention to change your mind either. I merely responded to a question and presented an idea that I used, nothing more. Upon getting a response from you, I only tried to explain further, nothing beyond that. Not trying to sell anything either. You use your style, and everyone else theirs

[aliassmith]

Upon completing successive profitable trades, the trading account might grow 9x, 21x, 45x or even more if the trading conditions allow. Growing 9x the original R is only 1x of successful parlay and 21x is only 2 successful parlays. Good enough?




If you look at it, parlay is the anti-martingale.

Please ignore my ugly hand writing.

Hard to read your scientist board there.

I would do something like this "Risk Gearing"
Risk .33% per trade. Make 3R
Risk .66% per trade. Make 3R or lose 3 trades
Risk 1% per trade. Make 3R+ or lose 3 trades
When I was more agressive!
Risk 2% per trade. Make 3R+ or lose 3 trades
Risk 4% per trade. Until the rest of the week or lose 3 trades
Hitting 40% to 75% a week was very common doing this.

Like Don_xyZ said it doesn't mean anything unless you win the trades.

[Don_xyZ]

Upon completing successive profitable trades, the trading account might grow 9x, 21x, 45x or even more if the trading conditions allow. Growing 9x the original R is only 1x of successful parlay and 21x is only 2 successful parlays. Good enough?




If you look at it, parlay is the anti-martingale.

Please ignore my ugly hand writing.

Stacking with held profit (that is not yet yours).
Plain and simple.

"Trade to targets(%'s), NOT for pips" MO
"I know it doesn't make sense, I tell you to risk little, then I tell you to risk everything " MO paraphrased.

For me it's simple, any number in a trading account is up for the market to grab because we can still lose some of it in a trade. Unless you have 100% win rate forever. What you already have in your bank account is what's truly yours. Well, unless the government seizes it That is probably the reason why MO wrote this in Alias' thread Beats a "Dead Horse":

post78675?sid=18a71faa2fa7d628e4eb513e224711f2#p78675

I prefer something more like this:

$1000 into $10000: check for $8750
$1250 into $12500: check for $10937
$1560 into $15600: check for $10600 (67.95%)
$5000 into $50000: check for $43750 (87.5%)
$6250
$7800
$25000
etc

[Don_xyZ]

Upon completing successive profitable trades, the trading account might grow 9x, 21x, 45x or even more if the trading conditions allow. Growing 9x the original R is only 1x of successful parlay and 21x is only 2 successful parlays. Good enough?




If you look at it, parlay is the anti-martingale.

Please ignore my ugly hand writing.

Hard to read your scientist board there.

I would do something like this "Risk Gearing"
Risk .33% per trade. Make 3R
Risk .66% per trade. Make 3R or lose 3 trades
Risk 1% per trade. Make 3R+ or lose 3 trades
When I was more agressive!
Risk 2% per trade. Make 3R+ or lose 3 trades
Risk 4% per trade. Until the rest of the week or lose 3 trades
Hitting 40% to 75% a week was very common doing this.

Like Don_xyZ said it doesn't mean anything unless you win the trades.

Sorry, I put my comparing of S/D vs. FVG concept there also. And plus, my writing is bad by default and there's no cure for it

Yes, successive profitable trades are a must for this type of aggressive style to work.

[Don_xyZ]

Dow30 CFD
1 min chart is yummy now. Trades taken off M1 (but M1 chart would be too squeezed to show from ipad).



(Look for the areas drawn on M5 chart above on M1 chart)

Enjoy your weekend folks!