MO's MBT Micro

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razorboy
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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
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MightyOne
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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...

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Patch
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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

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bredin
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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.
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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

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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

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MightyOne
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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.

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

GO MO GO :lol:

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cfabian
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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"

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cfabian
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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"

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Thank you for your support.


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