ProchargedMopar's Trading Trilogy

[prochargedmopar]

But like I said.
It's the same thing as risking it ALL.
At any waypoint along your path the account can go up in smoke.
Nature of the Beast.

[kiwiarian]

But like I said.
It's the same thing as risking it ALL.
At any waypoint along your path the account can go up in smoke.
Nature of the Beast.

Makes sense, extract what you can from the account before they take it.

[kiwiarian]

In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

I got lost on the US30 vs EU conversation, showing my naivety here ,for someone who is not in the US who could access Canadian or Aussie brokers what would be the preferable 24hr instrument to trade ?
right or wrong, I am learning on EU.

[aliassmith]

In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

I got lost on the US30 vs EU conversation, showing my naivety here ,for someone who is not in the US who could access Canadian or Aussie brokers what would be the preferable 24hr instrument to trade ?
right or wrong, I am learning on EU.

If you are learning EU then stick with it if you have a connection with it.

I personally don't favor high volatility instruments.
I also don't favor trading one that is a turtle.

The way Don_xyZ trades EURUSD suits him well.
The way Prochargedmopar is trading US30 suits him well

They both tend to trade high stakes.
I think Don_xyZ has said 6% on a trade and 1% a pip.
PRO has been known to go over 10%.

When you risk that high you should be able to hit 50% to 100% in a day. 1:500 leverage can be a blessing and a curse. Far as I know the only thing more volatile is weekly options on Fridays. Your whole account can be zero in 1 day.

In the right conditions Don_xyZ can double his account with 20 pips. 1 pip SL and 5% risk. 1 pip = 5%

[Don_xyZ]

Neither of you have understood the posts that you have read.
Or misread what I posted all together.

I've been around a couple days and have done calculations from every which way but LOOSE. LOL

Different people with different beliefs require different actions to get their desired reactions/results.

Dave is new, in his most recent stream he was showing EU as moving 168 "points/pips" (mistaking pipettes for pips) when the exact same move on U30 had only gone 90 points.

LOL

$10 per point on U30 is $900 with a $675 margin requirement.
$34 per PIP on EU is $571 with a $675 margin requrement. (16.8 pip move)

Which one MOVES MORE?
Which one will give the most profit potential with the amount of margin required being equal?

Small range days on EU are around 50-70 pips.
Large range days on EU are about 200 pips.

Small range days on U30 are 4-500 points
Large range days on U30 are 1000-1200 points.

Now to commisions and spreads.
3-4 is $30-40 spread U30,
Round trip $6.70 commision. (4-5 points spread total)

EU would be $7-$14 spread
Round trip commision $7. (about 1 point spread total)

Now let's get real.
What is the requred leverage on a U.S. based broker to trade $34 per pip on EU?
50:1?
$7019.XX

That's to trade $34 per pip on EU.
SEVEN THOUSAND NINETEEN.

How much for $10 per point on DJI in the regulated futures market.
1 contract?
Isn't it like $7500 for $5 per point on the cbot emini futures?
In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

Maybe AMP is much less BUT they wouldn't even let ICT close his trades when he was using a few entries at $10 per on SnP.

BTW,
Risk management is the money you have under your pillow or possibly in the bank (not sure I'm trusting that atm, LOL)
Anything that is in a trading account is up for grabs.
Stops? not even once when they want yo money. They blow right through and drain it all.

Insert Bart Simpson here:
What ever you are risking you are risking, MO
What ever you are risking you are risking, MO
What ever you are risking you are risking, MO
What's in your account is what you ARE RISKING no matter which way you slice,
Eighths be damned. That risk BOx ain't gonna save you. Hahahahahaah

Oh come on, pro. I didn't misread your post. I even gave you a proper answer with numbers and I even agree with you on some things.

I said, the US30 indeed moves a lot, point wise. You're right on this. I added however, that it's not that great when you put SL or R in the equation (with leverage advantage in mind).

I also said, if they increase the leverage for US30 then it would be a different game and that it will put US30 at a much more favorable term. The numbers I put on Alias' thread are based on the leverage available so if we change the leverage for US30 then it will for sure tip the balance. For now, the forex market is still the king due to the enormous leverage they're willing to give to traders. The numbers support this

Yes, they can eat up the entire account when you're on the wrong side of the game during extraordinary event, black swan and the likes. But for the most part, what I risk is my SL and the only times they take more than what I determined is when slippage happens.

Marge Simpson be smacking some sense into you

If you don't trust banks then I strongly suggest to convert your cash into gold bars. When things go bad, you can throw them at the bad guys on their head and they'll be dead... or they evade and collect, which gives you time to reload or escape

Pro be like...

cover3.jpg (107.37 KiB) Viewed 1412 times

[Don_xyZ]

In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

I got lost on the US30 vs EU conversation, showing my naivety here ,for someone who is not in the US who could access Canadian or Aussie brokers what would be the preferable 24hr instrument to trade ?
right or wrong, I am learning on EU.

There is nothing to confuse
It all boils down to these 2 factors

1. If you get equal leverage for EU and US30 then the obvious choice is US30 due to its huge daily range.
2. If you get higher leverage for EU compared to US30 then it's EU for sure due to the amount of lot size you can put using the same amount of money.

Things to note:
EU tend to move slower because it's a currency pair and it takes more consideration to the country's whole economy and its outlook. The EU market is the biggest.
US30 tend to move faster because the constituents is comprised of only 30 US companies that represent different industries. In the futures market, US30 is smaller compared to its sibling, the S&P500. Dunno how this translate into the cfd markets though.

All in all, you can make crazy money in any of these markets. Just master your craft.

[kiwiarian]

In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

I got lost on the US30 vs EU conversation, showing my naivety here ,for someone who is not in the US who could access Canadian or Aussie brokers what would be the preferable 24hr instrument to trade ?
right or wrong, I am learning on EU.

There is nothing to confuse
It all boils down to these 2 factors

1. If you get equal leverage for EU and US30 then the obvious choice is US30 due to its huge daily range.
2. If you get higher leverage for EU compared to US30 then it's EU for sure due to the amount of lot size you can put using the same amount of money.

Things to note:
EU tend to move slower because it's a currency pair and it takes more consideration to the country's whole economy and its outlook. The EU market is the biggest.
US30 tend to move faster because the constituents is comprised of only 30 US companies that represent different industries. In the futures market, US30 is smaller compared to its sibling, the S&P500. Dunno how this translate into the cfd markets though.

All in all, you can make crazy money in any of these markets. Just master your craft.

OK cheers, that clarifies it. Some good food for thought from you guys and you are right this is next level stuff, knuckle down and practice/ mastery are the important things here.
It's interesting to see what levels other can go for ,which is something to keep in mind and aim for in the future.

[prochargedmopar]

Neither of you have understood the posts that you have read.
Or misread what I posted all together.

I've been around a couple days and have done calculations from every which way but LOOSE. LOL

Different people with different beliefs require different actions to get their desired reactions/results.

Dave is new, in his most recent stream he was showing EU as moving 168 "points/pips" (mistaking pipettes for pips) when the exact same move on U30 had only gone 90 points.

LOL

$10 per point on U30 is $900 with a $675 margin requirement.
$34 per PIP on EU is $571 with a $675 margin requrement. (16.8 pip move)

Which one MOVES MORE?
Which one will give the most profit potential with the amount of margin required being equal?

Small range days on EU are around 50-70 pips.
Large range days on EU are about 200 pips.

Small range days on U30 are 4-500 points
Large range days on U30 are 1000-1200 points.

Now to commisions and spreads.
3-4 is $30-40 spread U30,
Round trip $6.70 commision. (4-5 points spread total)

EU would be $7-$14 spread
Round trip commision $7. (about 1 point spread total)

Now let's get real.
What is the requred leverage on a U.S. based broker to trade $34 per pip on EU?
50:1?
$7019.XX

That's to trade $34 per pip on EU.
SEVEN THOUSAND NINETEEN.

How much for $10 per point on DJI in the regulated futures market.
1 contract?
Isn't it like $7500 for $5 per point on the cbot emini futures?
In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

Maybe AMP is much less BUT they wouldn't even let ICT close his trades when he was using a few entries at $10 per on SnP.

BTW,
Risk management is the money you have under your pillow or possibly in the bank (not sure I'm trusting that atm, LOL)
Anything that is in a trading account is up for grabs.
Stops? not even once when they want yo money. They blow right through and drain it all.

Insert Bart Simpson here:
What ever you are risking you are risking, MO
What ever you are risking you are risking, MO
What ever you are risking you are risking, MO
What's in your account is what you ARE RISKING no matter which way you slice,
Eighths be damned. That risk BOx ain't gonna save you. Hahahahahaah

Oh come on, pro. I didn't misread your post. I even gave you a proper answer with numbers and I even agree with you on some things.

I said, the US30 indeed moves a lot, point wise. You're right on this. I added however, that it's not that great when you put SL or R in the equation (with leverage advantage in mind).

I also said, if they increase the leverage for US30 then it would be a different game and that it will put US30 at a much more favorable term. The numbers I put on Alias' thread are based on the leverage available so if we change the leverage for US30 then it will for sure tip the balance. For now, the forex market is still the king due to the enormous leverage they're willing to give to traders. The numbers support this

Yes, they can eat up the entire account when you're on the wrong side of the game during extraordinary event, black swan and the likes. But for the most part, what I risk is my SL and the only times they take more than what I determined is when slippage happens.

Marge Simpson be smacking some sense into you

If you don't trust banks then I strongly suggest to convert your cash into gold bars. When things go bad, you can throw them at the bad guys on their head and they'll be dead... or they evade and collect, which gives you time to reload or escape

Pro be like...
cover3.jpg

I love this, Thanks.

[prochargedmopar]

In the great country of America, we trade EU.
Those across the way better be trading something else. heheheehh

I got lost on the US30 vs EU conversation, showing my naivety here ,for someone who is not in the US who could access Canadian or Aussie brokers what would be the preferable 24hr instrument to trade ?
right or wrong, I am learning on EU.

If you are learning EU then stick with it if you have a connection with it.

I personally don't favor high volatility instruments.
I also don't favor trading one that is a turtle.

The way Don_xyZ trades EURUSD suits him well.
The way Prochargedmopar is trading US30 suits him well

They both tend to trade high stakes.
I think Don_xyZ has said 6% on a trade and 1% a pip.
PRO has been known to go over 10%.

When you risk that high you should be able to hit 50% to 100% in a day. 1:500 leverage can be a blessing and a curse. Far as I know the only thing more volatile is weekly options on Fridays. Your whole account can be zero in 1 day.

In the right conditions Don_xyZ can double his account with 20 pips. 1 pip SL and 5% risk. 1 pip = 5%

10%?!?!

Boi;
Ur not giving me the credit I deserve. LOL

"It's ALL Risk Capitial"

[IgazI]

10%?!?!

Boi;
Ur not giving me the credit I deserve. LOL

"It's ALL Risk Capitial"

As long as you give yourself at least 2 attempts