MO's MBT Micro

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MightyOne
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Postby MightyOne » Sun Sep 27, 2009 6:49 pm

aliassmith wrote:MightyOne,

I see you changed some of your plan.

So is the 8 pips Stop Loss 8 pips total or 8 plus spread?


Its an 8 pip total SL.

I am going through minute charts and adjusting the plan to reduce risk and maximize profit.
I would expect one more adjustment and the start date to be moved to Tuesday.

When I post my first trade then the first post will be set in stone.

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noone22
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Postby noone22 » Mon Sep 28, 2009 1:13 am

Anticipation is growing.
We'll all see.

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Patch
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Postby Patch » Mon Sep 28, 2009 2:40 am

MightyOne

If anyone can take a $450 account and grow it to $500,000 in six months and to a million in twelve months in forex trading, YOU can. Thank you to date for all of you posts, and I know more than ever what I don't know, and what I need to learn.

For this, I thank you.

I look forward keeping up with your great success and even greater success -- blow the doors and windows and roof off as well !!!
Go GREENER !!!

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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pablo101
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Re: MO's Scalping Journal

Postby pablo101 » Mon Sep 28, 2009 3:45 am

aliassmith wrote:
pablo101 wrote:
aliassmith wrote:
Doing this on the M1 chart will probably give PRO the biggest hardest cock :)


pardon me??? :shock:


Sorry if I offended anyone. It was just "slang" for having the same
feeling when a guy sees a very hot, sexy woman :)


Not offended, just funny, all good :D

Looking forward to this. I had no doubt this can be done after I met MO and TRO :)

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razorboy
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I say......

Postby razorboy » Mon Sep 28, 2009 1:20 pm

3.5 months to .5mm

6 to 1mm

But, not that this matters, I suspect you will see some fierce drawdown here that will scare the crap out of most traders. High yield trading has this sort of effect...

This guy - http://infiniteyieldforex.blogspot.com/- (I know not the same amounts or time) is doing something similar


Patch wrote:MightyOne

If anyone can take a $450 account and grow it to $500,000 in six months and to a million in twelve months in forex trading, YOU can. Thank you to date for all of you posts, and I know more than ever what I don't know, and what I need to learn.

For this, I thank you.

I look forward keeping up with your great success and even greater success -- blow the doors and windows and roof off as well !!!
Go GREENER !!!

Patch
In VA
guy
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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AndreasF
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Postby AndreasF » Mon Sep 28, 2009 2:17 pm

MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.

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MightyOne
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Re: I say......

Postby MightyOne » Mon Sep 28, 2009 4:01 pm

razorboy wrote:3.5 months to .5mm

6 to 1mm

But, not that this matters, I suspect you will see some fierce drawdown here that will scare the crap out of most traders. High yield trading has this sort of effect...

This guy - http://infiniteyieldforex.blogspot.com/- (I know not the same amounts or time) is doing something similar


Patch wrote:MightyOne

If anyone can take a $450 account and grow it to $500,000 in six months and to a million in twelve months in forex trading, YOU can. Thank you to date for all of you posts, and I know more than ever what I don't know, and what I need to learn.

For this, I thank you.

I look forward keeping up with your great success and even greater success -- blow the doors and windows and roof off as well !!!
Go GREENER !!!

Patch
In VA
guy


The problem that I have to overcome is that I am NOT a scalper :shock:
so I might as well be a novice just arriving at kreslik.

Because of the daily gains needed to achieve my goal I cannot afford to lose time by losing money.

My plan is to scalp to eliminate risk and then profit from significant market movement on the remaining position.

I do apologize for the delay getting this ball moving

I want to feel comfortable with the numbers before I get started.

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MightyOne
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Postby MightyOne » Mon Sep 28, 2009 4:10 pm

AndreasF wrote:MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.


I am guessing 4-5% as nothing ever works out the way it does on a calculator :wink:

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razorboy
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Postby razorboy » Mon Sep 28, 2009 6:52 pm

having exponentially exploded an account over the summer......7 to 10 straight loses trading 3% of account equity per trade is a 21 to 30% drawdown.

And then you tack on 50% grown in your next two trades.

If you are playing an edge religiously, then almost as guaranteed as you making money is that you will have to trade through big draw down that will only get bigger in dollar (and maybe percentage as well) terms as your account grows. If MO knows how to only pick winners, all the power to him, but for those mortals who can't, dont worry, you don't need to

Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading

AndreasF wrote:MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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prochargedmopar
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Postby prochargedmopar » Mon Sep 28, 2009 9:07 pm

razorboy wrote:
Once you start to see the equity in your account, not as simple money, but in exactly the same way a factory owner sees his machinery and factory productivity, then you will come to terms with drawdown and accept it as a fact of trading

AndreasF wrote:MO needs 2%-3% daily to achieve his goal, no need for a fierce drawdown.
I'm convinced professionals like MO can do it.

I'm glad to be able to learn from MO how it is done.


A Tool?
Now that is an interesting view.
The money that makes money should be psychologically compartmentalized as if it's a printing press.

Hmmmmm
#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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