ProchargedMopar's Trading Trilogy

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pablo101
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Postby pablo101 » Mon Nov 02, 2009 4:29 am

I understand the point but this could be liken to working overtime with the same or less pay, my two cents anyhoo :shock:

Good stuff Pro, keep it going sir :)

prochargedmopar wrote:This sounds like a few here:

Posted by MagnumFreak on FF:

No pressure trading

Here is the absolute key to emotionless trading..... are you ready for it??

QUIT TRADING LARGER LOTS AND GOING FOR SMALLER PIPS AND START TRADING SMALLER LOTS AND GOING FOR LARGER PIPS.

Let me explain.... Most traders are taught to risk 1-2% of their account on every trade. WHY?? Because the common mindset says that most likely you will only gain 10-20 pips on a trade before it turns against you.

Most everyone in this thread has done the math and they know that by trading just 2 pairs they should be able to pull in a ton of pips but as soon as they get into a trade fear takes over and they immediately begin to find a reason to exit the trade.

You want to know why I can leave a trade on without fear? Typically I will risk 0.2% per trade. Yep, 1/10th of the normal risk. Why? Because I can easily get at least 10 times the normal pips everyone else expects to get. On a $2,000 account that is only $4.00 risked per trade. Do you think you will have any fear if you know that only 4 bucks out of 2,000 are at risk?

When you take fear out of the equation then there are no limits to what you can do.

Because I don't have that fear of loss, I now average over 300 pips a day trading 4 pairs (today was much much higher than that). Now normally I will have around a 20 pip stop on a trade. Doing the math on a 2,000 account that means I have 2 micro lots to work with. That would mean on a 300 pip day I would see about a 60 dollar increase in the account. That is about a 3% increase. Not bad for only risking 0.2%.

Can you really make 300 pips a day average?? Yes if there is no fear in your trading. Let's say you are still a bit scared even at the lower risk levels and you only get 150 pips a day, your 2,000 account has grown to 72,000 by this time next year. I won't even tell you what 300 pips a day will do to a 2,000 account in 1 year.

You cannot expect to get consistent results when you trade with fear. It is impossible.

Hope this all makes sense.

Very Important SS pics,
Thanks foreman01 for making the zip file available!!!

Image

Image
What line? The line that tells you which way you are trading! - MO

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Postby prochargedmopar » Mon Nov 02, 2009 2:09 pm

Thanks Alotofpips for the support,
You kicked some ass today during London, Keep it up.

Pablo, trying to put it all together.
thx.

1 trade london session:
Exit half at +9, then closed the rest when price hit a demand zone.
(small scalp trade)

EUR/JPY 1 S 133.175 132.979 19.6 2.18 0.00 11/1/2009 23:23 11/1/2009 23:44
EUR/JPY 1 S 133.175 133.085 9 1.00 0.00 11/1/2009 23:23 11/1/2009 23:30
2 28.6 3.18 0


2 trades demo

g/j was +40 and then I had to bail as it took off like a rocket the other way.

Here is e/j trade:
+58

Image

Oops,
1 NY trade,
Ive got $100 "free" promotion money in an fxdd mini account... I just saw e/u crash into a demand zone.....Long +4 pips.... = 4% account increase...
LOL

I'll work on getting it up over $200 so I can still trade it when margin requirements change.......
100% free money to trade with....hehehe

Keep in mind folks,
I've been doing all my trading the last 1 1/2 weeks + off an 8.9" acer netbook with a verizon usb data modem.


Off to bed.
#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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Postby prochargedmopar » Tue Nov 03, 2009 3:08 pm

Asian play:

Price built a zone of demand.
Go Long
+120ish

Image

As soon as price hit a supply zone.
Go Short for a scalp.
The entry Sell line looks like it could have been a Z-line drawn by es/pip or dragon33... LOL
+37ish

Image

London trading live.
Doh.

#4 Take some profit/close rest when stalled
EUR/JPY 1 B 132.665 132.744 7.9 0.88 0.00 11/3/2009 04:02 11/3/2009 04:07
EUR/JPY 1 B 132.665 132.710 4.5 0.50 0.00 11/3/2009 04:02 11/3/2009 04:04

#3 Bank 1/2 and then Flat
GBP/JPY 1 B 146.808 146.979 17.1 1.90 0.00 11/3/2009 02:54 11/3/2009 03:05
GBP/JPY 1 B 146.808 146.877 6.9 0.77 0.00 11/3/2009 02:54 11/3/2009 03:02

#2 Found out why...wasn't quite to the level I really wanted in. hehehehe
EUR/JPY 2 B 133.169 133.073 -9.6 -2.13 0.00 11/3/2009 02:13 11/3/2009 02:28
EUR/JPY 4 B 132.978 133.073 9.5 4.22 0.00 11/3/2009 02:19 11/3/2009 02:28

#1 (didn't like it)
EUR/JPY 2 B 133.220 133.176 -4.4 -0.98 0.00 11/3/2009 02:04 11/3/2009 02:11
12 31.6 5.16


Fxdd account
1 trade, bailed early.
+1.8%

Demo trades on the ride home.......+119 here.
In this chart you see a correction that did not return to the extreme, then you see a pullback to a broken supply zone, becomes support.

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby PINKPANTHER5 » Tue Nov 03, 2009 4:11 pm

prochargedmopar...


That is a really unique cool indicator. The recent candles one.

Did you code that??


:D

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Postby PTG » Tue Nov 03, 2009 9:08 pm

PINKPANTHER5 wrote:prochargedmopar...


That is a really unique cool indicator. The recent candles one.

Did you code that??


:D


It's secret. I saw him working on it :lol:
You can download it from FF.

Pro talking about his equipment wrote:
Demo trades on the ride home.......

-and-

Keep in mind folks,
I've been doing all my trading the last 1 1/2 weeks + off an 8.9" acer netbook with a verizon usb data modem.


Erm - :shock: I sure hope you don't miss an exit or so, must be hell to trade and drive :D

Better watch out for these taserguys, you'd be in for DWT (Driving While Trading) :P :smt116 :smt082 :smt024
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Postby prochargedmopar » Wed Nov 04, 2009 5:39 pm

To tired today to post the details.

2 +50ish demo trades
2 -120ish demo trades

Live trading not good.
To much drawdown for amount of profit.
8% drawdown for 3.x% profit is not gonna cut it.
#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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Postby prochargedmopar » Thu Nov 05, 2009 2:52 pm

Demo trades

A few trades closed during london and one taken later London.
+259.x on the three and +66 on the g/j

A couple more I closed at about -11 to -14ish.

It's funny because I got a +34.5 during Asian using the m1 chart and m5 as "trend". Showing my son how it's done. LOL

Image

Image

Live trading:
Trying to reduce risk by taking profits quickly and then taking profits slowly.......seem to only be able to take profits slightly less quickly the 2nd and 3rd exits.
Hmmmmmm


#4
EUR/JPY 1 S 134.013 133.960 5.3 0.59 0.00 11/5/2009 04:42 11/5/2009 04:48
EUR/JPY 1 S 134.013 133.980 3.3 0.37 0.00 11/5/2009 04:42 11/5/2009 04:47
EUR/JPY 1 S 134.013 134.000 1.3 0.14 0.00 11/5/2009 04:42 11/5/2009 04:46

#3
EUR/JPY 1 S 133.858 133.835 2.3 0.26 0.00 11/5/2009 04:24 11/5/2009 04:30
EUR/JPY 1 S 133.858 133.815 4.3 0.48 0.00 11/5/2009 04:24 11/5/2009 04:27
EUR/JPY 1 S 133.858 133.833 2.5 0.28 0.00 11/5/2009 04:24 11/5/2009 04:26


#2
EUR/JPY 1 S 133.756 133.755 0.1 0.01 0.00 11/5/2009 04:17 11/5/2009 04:19
EUR/JPY 1 S 133.756 133.735 2.1 0.23 0.00 11/5/2009 04:17 11/5/2009 04:18
EUR/JPY 1 S 133.756 133.735 2.1 0.23 0.00 11/5/2009 04:17 11/5/2009 04:18

#1
EUR/JPY 1 S 134.043 133.920 12.3 1.36 0.00 11/5/2009 02:18 11/5/2009 02:24
EUR/JPY 2 S 134.043 133.978 6.5 1.44 0.00 11/5/2009 02:18 11/5/2009 02:22
12 +42.1 5.39


After draining my account a few weeks ago I restarted with a balance of $167.
After dinking and dunking the last few weeks I'm up to this>>>>
$245ish.

Be nice when I can trade it like a demo.

Image
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby adaseb » Fri Nov 06, 2009 2:10 am

When you went from $167 to $245 did you only trade at $0.10/pip?

If so thats 780 pips. Congrats!

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Postby adaseb » Fri Nov 06, 2009 2:12 am

Ahh I looked back and checked. Most of your trades are at $0.10 pips so you're doing pretty well.

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Postby prochargedmopar » Fri Nov 06, 2009 4:07 pm

NFP Trading.

Demo trades taken BEFORE news came out.....after looking at some levels. +217.6

Image


Live Trading:

1 trade g/j during London.
Others NFP
I stopped out on "feelers", then closed reversal/breakout trade for a loss. Immediately reversed to original direction at better price and piled in after getting into profit.... Multiple exits.

GBP/USD 1 B 1.65358 1.65756 39.8 3.98 0.00 11/6/2009 08:57 11/6/2009 09:52


GBP/USD 1 B 1.65358 1.65532 17.4 1.74 0.00 11/6/2009 08:57 11/6/2009 08:59
GBP/USD 2 B 1.65358 1.65418 6 1.20 0.00 11/6/2009 08:57 11/6/2009 08:58
GBP/USD 4 B 1.65285 1.65445 16 6.40 0.00 11/6/2009 08:55 11/6/2009 08:58
GBP/USD 14 B 1.65358 1.65445 8.7 12.18 0.00 11/6/2009 08:57 11/6/2009 08:58
GBP/USD 18 B 1.65285 1.65426 14.1 25.38 0.00 11/6/2009 08:55 11/6/2009 08:58
GBP/USD 8 S 1.65188 1.65285 -9.7 -7.76 0.00 11/6/2009 08:53 11/6/2009 08:55
GBP/USD 1 B 1.65537 1.65188 -34.9 -3.49 0.00 11/6/2009 08:46 11/6/2009 08:53
GBP/USD 1 B 1.65376 1.65188 -18.8 -1.88 0.00 11/6/2009 08:50 11/6/2009 08:53

#1
GBP/JPY 1 S 150.321 150.172 14.9 1.65 0.00 11/6/2009 01:33 11/6/2009 01:42
GBP/JPY 1 S 150.321 150.208 11.3 1.25 0.00 11/6/2009 01:33 11/6/2009 01:39
+64.8... 40.65

Daily P/L below:

Image
#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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