MO's MBT Micro

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

Postby razorboy » Mon Sep 28, 2009 11:32 pm

I think MO said something as to that effect before.


but it all comes down to the edge

prochargedmopar wrote:
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
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Sep 29, 2009 1:10 am

prochargedmopar wrote:
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


Nobody told you? :shock:

Money isn't real...

User avatar
Patch
rank: 500+ posts
rank: 500+ posts
Posts: 941
Joined: Sat Jan 06, 2007 6:13 pm
Reputation: 0
Location: Virginia
Real name: Jeff
Gender: Male
Contact:

Postby Patch » Tue Sep 29, 2009 1:34 am

MightyOne

A couple years ago I heard several New Year's recordings by The Rich Dad Poor Dad man, Robert Kiyosaki, in which he said USDs are fiat, worthless pieces of paper- trash--Now more than ever.

It begs the question, what is real? The paper? What makes real, real?

Patch
In VA

PS No hurry to get your project going, start when you are ready.
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

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Tue Sep 29, 2009 7:15 am

There been nothing even remotly real in the usd for a long time. most other currencies too, btw.

Check out a doco called "The Money Masters" its about 20 years old but still the best doco on money by a long way.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

User avatar
jahjahblessed
rank: 50+ posts
rank: 50+ posts
Posts: 59
Joined: Wed Feb 11, 2009 6:42 pm
Reputation: 0
Gender: None specified

Postby jahjahblessed » Tue Sep 29, 2009 8:23 am

bredin wrote:There been nothing even remotly real in the usd for a long time. most other currencies too, btw.

Check out a doco called "The Money Masters" its about 20 years old but still the best doco on money by a long way.

G.


It's a great DOCO. an eye opener for me
transform to PIP"S FARI

Whatever the mind of man can conceive and believe, it can achieve.
Napoleon Hill

Image
JAHJAHBLESSED

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
noone22
rank: 150+ posts
rank: 150+ posts
Posts: 390
Joined: Tue Aug 05, 2008 4:50 am
Reputation: 0
Gender: None specified

Postby noone22 » Tue Sep 29, 2009 11:37 am

People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

- which currency pair(s) are you going to trade

- chart timeframe(s)

- trading time(s) of the day (by EST NY)

- which software for charts

- which software for placing orders

- who is your Forex broker

- are you going to show each & every trade done,
or only selected ones

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Sep 29, 2009 3:24 pm

People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

||| TRO_DTB_RAT|||

- which currency pair(s) are you going to trade

||| MAJORS |||

- chart timeframe(s)

||| 30-90m |||

- trading time(s) of the day (by EST NY)

||| 12-6 am |||

- which software for charts

||| MBT DEMO |||

- which software for placing orders

||| MBT NAV |||

- who is your Forex broker

For this thread it is MB TRADING

- are you going to show each & every trade done,
or only selected ones.

I would never cherry pick trades...

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well.

I don't plan on spending every waking moment trading pennies & yes I trade other systems.

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

I plan on exiting manually.

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

1. price makes a new daily low
2. price does not move lower on the next candle
3. Enter 20 pips from the low
4. Exit reverse if given a signal to trade in the other direction.

As the account grows I would change 1. to:

1. Price makes a new weekly low

As the account grows even more I would change 1. to:

1. Price makes a new monthly low

I would then not be getting signals to reverse the trade as often and would thus be targeting a greater number of pips.

rrobin
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Fri May 19, 2006 11:09 am
Reputation: 0
Location: Cedar Creek Lake, Texas
Gender: Male

Postby rrobin » Tue Sep 29, 2009 6:19 pm

GO MO GO :lol:

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Tue Sep 29, 2009 6:40 pm

but you need an insurance in your working capital (printing press).... what gives some sort of relief on contingencies.... we cannot insure or equity in trading, damn it!!!!!!!


prochargedmopar wrote:
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
Last edited by cfabian on Tue Sep 29, 2009 6:51 pm, edited 1 time in total.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

User avatar
cfabian
rank: 150+ posts
rank: 150+ posts
Posts: 466
Joined: Tue Nov 04, 2008 3:37 pm
Reputation: 0
Gender: Male

Postby cfabian » Tue Sep 29, 2009 6:50 pm

Isn't your 8 pip SL (including spread) extremely aggressive for trading the rat???? That would mean you have to make all clean entries in order to succeed the plan!!!!




MightyOne wrote:People went off-topic meanwhile.

MO, could you clarify
(for pure clarity & taking great interest to the competition into account)
your trading set-up
(if it's not a secret, of course):

||| TRO_DTB_RAT|||

- which currency pair(s) are you going to trade

||| MAJORS |||

- chart timeframe(s)

||| 30-90m |||

- trading time(s) of the day (by EST NY)

||| 12-6 am |||

- which software for charts

||| MBT DEMO |||

- which software for placing orders

||| MBT NAV |||

- who is your Forex broker

For this thread it is MB TRADING

- are you going to show each & every trade done,
or only selected ones.

I would never cherry pick trades...

- is trading by this system going to be your full-time
involment, or you'll be trading other system(s)
in spare time as well.

I don't plan on spending every waking moment trading pennies & yes I trade other systems.

- are you going to automate exits somehow in trading DOM
(I know, how to do this in TradeStation only)
or this will be pure manual "video game"?

I plan on exiting manually.

- not asking, how you'll be picking entries -
just interesting: you'll be doing this
by looking at charts or
by following some signals/indicators/etc

1. price makes a new daily low
2. price does not move lower on the next candle
3. Enter 20 pips from the low
4. Exit reverse if given a signal to trade in the other direction.

As the account grows I would change 1. to:

1. Price makes a new weekly low

As the account grows even more I would change 1. to:

1. Price makes a new monthly low

I would then not be getting signals to reverse the trade as often and would thus be targeting a greater number of pips.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!

"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”