ProchargedMopar's Trading Trilogy

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PTG
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Postby PTG » Sun Dec 20, 2009 4:09 am

I find Shivy hard to understand, but that's my problem and nobody elses. It is just not my thing. Nor is most of W.D. Gann's stuff. Having said that, I reserve the right to be wrong. I cannot rule out that I will change my mind sometime in the future.

Have you had your trading plan checked ?

Off to bed now, way too late for me...
This is my new signature: "new signature".

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do you

Postby razorboy » Sun Dec 20, 2009 12:53 pm

stick your hand in a blender because you enjoy the feeling?

I honestly think that you do not get what PC laid out on that thread. He was pretty clear that back testing a specific method was essential to having the confidence to play it. All of the people I deal with who use DIBS or any other successful method have invested heavily in back testing it. This is not wack-a-mole at the county fair...........

You cannot be the casino without having a trading methodology that has a proven positive expectancy.

I have started trading at a prop firm - equities only, but using the one specific method that I manually back tested across 25 years of data on 3 currency pairs - and guess what, it still works on other securities and commodities and probably cannot be gamed by trading algos. Other people on the trading desk sit around talking about "what they think price will do" or "what price should have done" or that the "market isn't behaving right" or "how they got shaken out of that trade because of X, Y or Z".

stop trading and start manually back testing. The whole concept of "trading what you see" only works if you know what you are seeing.........and for the most part am not silly enough to know what I am seeing all the time





prochargedmopar wrote:Quote from Peter Crowns (DIBS) pdf. on FF

What is everybody's problem? Don't you know that only losers get so freaked about having
losses???? Losses are just losses. Make sure they are smaller than your winners, in aggregate,
and you're home free. I suppress more frustration at this stupidity than you can imagine. Your mental state of trading is KEY.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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MightyOne
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Re: do you

Postby MightyOne » Mon Dec 21, 2009 9:39 am

razorboy wrote:stick your hand in a blender because you enjoy the feeling?

I honestly think that you do not get what PC laid out on that thread. He was pretty clear that back testing a specific method was essential to having the confidence to play it. All of the people I deal with who use DIBS or any other successful method have invested heavily in back testing it. This is not wack-a-mole at the county fair...........

You cannot be the casino without having a trading methodology that has a proven positive expectancy.

I have started trading at a prop firm - equities only, but using the one specific method that I manually back tested across 25 years of data on 3 currency pairs - and guess what, it still works on other securities and commodities and probably cannot be gamed by trading algos. Other people on the trading desk sit around talking about "what they think price will do" or "what price should have done" or that the "market isn't behaving right" or "how they got shaken out of that trade because of X, Y or Z".

stop trading and start manually back testing. The whole concept of "trading what you see" only works if you know what you are seeing.........and for the most part am not silly enough to know what I am seeing all the time





prochargedmopar wrote:Quote from Peter Crowns (DIBS) pdf. on FF

What is everybody's problem? Don't you know that only losers get so freaked about having
losses???? Losses are just losses. Make sure they are smaller than your winners, in aggregate,
and you're home free. I suppress more frustration at this stupidity than you can imagine. Your mental state of trading is KEY.



I just see how and where the money is flowing and I step right in front of it, maybe that makes me a professional gambler ;)

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Postby prochargedmopar » Mon Dec 21, 2009 9:42 am

Forward test on demo....LOL, Might start next week if this week is crappy live trading.

2 Trades London

I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.

Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.

Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)

Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
Exited 1-2 min before the big candle took off at lightning speed.


Image

Image
Last edited by prochargedmopar on Mon Dec 21, 2009 9:50 am, edited 1 time in total.
#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 MightyOne » Mon Dec 21, 2009 9:49 am

prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.

2 Trades London

I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.

Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.

Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)

Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.

GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15


Image


Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.

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razorboy
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Postby razorboy » Mon Dec 21, 2009 11:20 am

the difference being that a poker player should actually know when to fold them and when to hold them



MightyOne wrote:
prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.

2 Trades London

I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.

Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.

Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)

Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.

GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15


Image


Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Mon Dec 21, 2009 11:21 am

the difference being that a poker player should actually know when to fold them and when to hold them



MightyOne wrote:
prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.

2 Trades London

I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.

Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.

Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)

Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.

GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15


Image


Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Mon Dec 21, 2009 11:21 am

the difference being that a poker player should actually know when to fold them and when to hold them



MightyOne wrote:
prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.

2 Trades London

I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.

Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.

Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)

Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.

GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15


Image


Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

dchappy
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Postby dchappy » Mon Dec 21, 2009 12:20 pm

Pro , Have you looked at using a front-end for order entry & management ?
It removes most emotion from the trade .

It's been a huge help to me .

Happy Holidays .......Chap

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pablo101
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Postby pablo101 » Mon Dec 21, 2009 12:26 pm

dchappy wrote:It removes most emotion from the trade .Happy Holidays .......Chap


SOunds right up my street, what's a 'front end and order entry for management', something like NT?

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

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