ProchargedMopar's Trading Trilogy

[prochargedmopar]

"You're being too technical"

Bar By Bar:

Screen Shot 2022-10-27 at 6.40.47 AM.png (56.98 KiB) Viewed 793 times

Screen Shot 2022-10-27 at 6.44.25 AM.png (67.46 KiB) Viewed 793 times

Screen Shot 2022-10-27 at 6.47.03 AM.png (77.68 KiB) Viewed 793 times

[prochargedmopar]

Failed 'somethings'

Screen Shot 2022-10-27 at 6.59.02 AM.png (127.48 KiB) Viewed 788 times

Screen Shot 2022-10-27 at 7.02.38 AM.png (88.24 KiB) Viewed 788 times

Screen Shot 2022-10-27 at 7.07.02 AM.png (67.59 KiB) Viewed 788 times

[prochargedmopar]

Sometimes I think we are all just "fooled by randomness". LOL

Screen Shot 2022-10-27 at 7.16.18 AM.png (72.77 KiB) Viewed 981 times

Screen Shot 2022-10-27 at 7.19.13 AM.png (79.33 KiB) Viewed 981 times

Screen Shot 2022-10-27 at 7.20.55 AM.png (57.97 KiB) Viewed 981 times

[prochargedmopar]

After sitting here marking up charts from 5am to 8:30am I took one trade.
This: Done for day.

Now on to the Livestream for Party Time.

1.png (110.75 KiB) Viewed 962 times

Screen Shot 2022-10-27 at 8.24.54 AM.png (99.95 KiB) Viewed 967 times

Screen Shot 2022-10-27 at 8.30.49 AM.png (74.25 KiB) Viewed 967 times

[prochargedmopar]

"I told my trading buddies that price moves from entries to exits and back to entries,
They repeated it back to me but I don't think they ever understood" MightyOne

Entries.png (80.78 KiB) Viewed 962 times

Exits.png (75.66 KiB) Viewed 962 times

[aliassmith]

"I told my trading buddies that price moves from entries to exits and back to entries,
They repeated it back to me but I don't think they ever understood" MightyOne

Entries.pngExits.png

Thats right!
MO Nation baby

[aliassmith]

Well,
Today I would consider total CRAP.
I ended up closing a trade I had running for half the day @ a -10.6% loss. (106 points)
Losing trades 2, @6 points each other than the doozy above.
Final % gained in the NY session?
+44.27%.
Trust me, I was pissed.
Had to trade the WRONG way most of the day because I am unwilling to "Lose".
That makes getting any kind of runner almost impossible.
It was an EASY 1-200% day if I would DO what I know is Right to DO.

NEXT.

What would that be? Using a SL?

I asked myself the same question.
It's a hypthetical answer.
Small losses but also the ability to take much higher quality setups.
Set FREE from the Red/Green rat mantra as I wouldn't be locked in to one direction. Hhahahahaahah

I thought about just ignoring the wrong way trade and start trading the other way being I'm using Hanko, BUT
That would open up a whole new can of worms.

ONLY suppose to hedge when IN PROFIT on retraces.

What is the spread and commission on EURUSD and US30 plz?

[prochargedmopar]

What would that be? Using a SL?

I asked myself the same question.
It's a hypthetical answer.
Small losses but also the ability to take much higher quality setups.
Set FREE from the Red/Green rat mantra as I wouldn't be locked in to one direction. Hhahahahaahah

I thought about just ignoring the wrong way trade and start trading the other way being I'm using Hanko, BUT
That would open up a whole new can of worms.

ONLY suppose to hedge when IN PROFIT on retraces.

What is the spread and commission on EURUSD and US30 plz?

US30 is 2-4 spread in points and fluctuates constantly with $1 in $1 out per $10 traded on the ECN+. ($1000) It's $2 in $2 out with the ECN $100 account.
EU is 0.4 spread + above commisions.

Trust me, you can cover the spread almost instantly on US30,
Also be down 10 in no time but by the time you blink ur back in profit. LOL

[aliassmith]

I asked myself the same question.
It's a hypthetical answer.
Small losses but also the ability to take much higher quality setups.
Set FREE from the Red/Green rat mantra as I wouldn't be locked in to one direction. Hhahahahaahah

I thought about just ignoring the wrong way trade and start trading the other way being I'm using Hanko, BUT
That would open up a whole new can of worms.

ONLY suppose to hedge when IN PROFIT on retraces.

What is the spread and commission on EURUSD and US30 plz?

US30 is 2-4 spread in points and fluctuates constantly with $1 in $1 out per $10 traded on the ECN+. ($1000) It's $2 in $2 out with the ECN $100 account.
EU is 0.4 spread + above commisions.

Trust me, you can cover the spread almost instantly on US30,
Also be down 10 in no time but by the time you blink ur back in profit. LOL

Seems like something to try.
Deposit $1000 and turn it into $20,000 like Dave was talking about. I would say $32,000 to make it 5 even flips.
With the US30 I would consider 100 points a day as the basis for all the math.

You need to make $1000 in "x" period of time considering 100 points per day.
Consider each flip to be independent of each other.
If we say 5 trading days is sufficient time to do 1 flip, we will have 500 points.
$1000 / 500 points = $2 a point
if 10 days is better than
$1000 / 1000 points = $1 a point
1 week or 2 weeks to do 1 flip
If 4 weeks is better than 50 cents a point.

After 1 flip you have $2000 and double the size you previously used.
$4000
$8000
$16,000
$32,000 <-- maybe without pressing your luck you would half the size you were using.
At some point you are comfortable @ $50 a point and 2000 points a month hoping your broker pays you.

[prochargedmopar]

What is the spread and commission on EURUSD and US30 plz?

US30 is 2-4 spread in points and fluctuates constantly with $1 in $1 out per $10 traded on the ECN+. ($1000) It's $2 in $2 out with the ECN $100 account.
EU is 0.4 spread + above commisions.

Trust me, you can cover the spread almost instantly on US30,
Also be down 10 in no time but by the time you blink ur back in profit. LOL

Seems like something to try.
Deposit $1000 and turn it into $20,000 like Dave was talking about. I would say $32,000 to make it 5 even flips.
With the US30 I would consider 100 points a day as the basis for all the math.

You need to make $1000 in "x" period of time considering 100 points per day.
Consider each flip to be independent of each other.
If we say 5 trading days is sufficient time to do 1 flip, we will have 500 points.
$1000 / 500 points = $2 a point
if 10 days is better than
$1000 / 1000 points = $1 a point
1 week or 2 weeks to do 1 flip
If 4 weeks is better than 50 cents a point.

After 1 flip you have $2000 and double the size you previously used.
$4000
$8000
$16,000
$32,000 <-- maybe without pressing your luck you would half the size you were using.
At some point you are comfortable @ $50 a point and 2000 points a month hoping your broker pays you.

Or do like Dave.

$600 to $XX,XXX Daily.
Then pull money out.
Next day $600 to $XX,XXX
Pull money out.
Next day $600 to $XX,XXX
Etc. Etc.

When the day starts ALL MONEY is RISK CAPITAL