ProchargedMopar's Trading Trilogy

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dchappy
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Postby dchappy » Mon Dec 21, 2009 5:10 pm

Yes sir : Ninja has a nice one , bracket trader , tradestation , I'm sure there must be many others .

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prochargedmopar
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Postby prochargedmopar » Tue Dec 22, 2009 4:46 pm

DcHappy,

I've just recently switched to a uk account so I can now set tp/sl on entry, hedge, ect; if that's what your talking about.....

Got a little overzealous today with too many entries, this is just practice anyway.
Listened to a guy that said you need 4000 trades with your system before having confidence to trade it properly.(quality trades). Takes 2000 with him as a mentor watching over every trade you take according to plan.

fx-knight.com dude, to many indicators for me though.

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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prochargedmopar
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Postby prochargedmopar » Wed Dec 23, 2009 4:52 pm

Macro charts:
Direction:

Image

Entry chart:

Image

Micro:

Image

I'm getting a little system going that is very simple. I'm liking what I see and will trade, trade, trade, while trying to continually develop better and better habits.

TIME.
#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

dchappy
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Postby dchappy » Thu Dec 24, 2009 2:35 pm

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 was reading some of Larry Williams comments that he made while winning the " Robbins Cup " in 1987 .

That was the year he grew a 10k account to 1 mil + .

He was trading bonds with a simple method . Enter 1 trade a day with max lot size and don't exit until each lot gains or loses $1000 .

I added up his monthly statements and noticed that over the year he had losses tataling 6.5 mil .

Near the end of the year he had some days with drawdowns of 500k-800k .

Someone asked him how he can cope with such large losses ?

He said " Losses ? .... 11 months ago I started with $ 10,000.00 .......
I haven't had a losing day yet "

It's all about your perspective , is'nt it !!

Merry Christmas .......Chappy

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razorboy
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Postby razorboy » Fri Dec 25, 2009 12:41 am

he also went kelly crazy in that contest............

dchappy wrote:
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 was reading some of Larry Williams comments that he made while winning the " Robbins Cup " in 1987 .

That was the year he grew a 10k account to 1 mil + .

He was trading bonds with a simple method . Enter 1 trade a day with max lot size and don't exit until each lot gains or loses $1000 .

I added up his monthly statements and noticed that over the year he had losses tataling 6.5 mil .

Near the end of the year he had some days with drawdowns of 500k-800k .

Someone asked him how he can cope with such large losses ?

He said " Losses ? .... 11 months ago I started with $ 10,000.00 .......
I haven't had a losing day yet "

It's all about your perspective , is'nt it !!

Merry Christmas .......Chappy
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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Postby prochargedmopar » Mon Dec 28, 2009 3:30 pm

This is funny,
First time ever to draw fibs on live chart.
Guidelines say a 75ish % pullback usually goes to 0% ext. or there abouts.
Hmmmm
It took the long way to get there but finally did.

Andrei Pahar vids.
Pretty cool stuff
http://www.fxstreet.com/search/contribu ... 447846010c

23.6% >> 118% or 127%
38.2% >> 138.2%
50% | 61.8% >> 161.8%
78.6% >> 0% or 161.%
86.0 >> 0%
100.0+ >> Reversal

Image

2 trades today, lost both. I'm happy as I followed rules and was calm as a cucumber.
Both hit stop by 2 pips before going to target.

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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razorboy
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Postby razorboy » Tue Dec 29, 2009 4:19 am

do yourself a favor, get a good book on mechanical trading systems and go from there. You might actually figure out what it is you are supposed to be "seeing".

I'll give you a hint. What you are supposed to see is that what ever entry and exit signal combination you uses has a certain rate of success and a certain pay off ratio............put it together and you have your profit factor.....


I say this while being up about 2000 pips across 9 positions on 2 currencies, not to be cool, but to say that if I can do it, any idiot can. You have invested a pile of time in this, so you might as well make it worth while. I dont use fibs, i don't use S/R. I don't use any T/A or P/A really. I use one crappy little set up that works across all securities and time frames...........sometimes it makes a little money, sometimes a lot of it.........but it never loses much

What is your signal!!!!!! if you spend as much time doing some simple back testing as you have frittering away money, you would be ahead of the game. Learn to build long term positions - use a daily chart - for a while and then come back to scalping. you will be amazed how simple it becomes.




prochargedmopar wrote:This is funny,
First time ever to draw fibs on live chart.
Guidelines say a 75ish % pullback usually goes to 0% ext. or there abouts.
Hmmmm
It took the long way to get there but finally did.

Andrei Pahar vids.
Pretty cool stuff
http://www.fxstreet.com/search/contribu ... 447846010c

23.6% >> 118% or 127%
38.2% >> 138.2%
50% | 61.8% >> 161.8%
78.6% >> 0% or 161.%
86.0 >> 0%
100.0+ >> Reversal

Image

2 trades today, lost both. I'm happy as I followed rules and was calm as a cucumber.
Both hit stop by 2 pips before going to target.

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



http://thejoshkerbelproject.com/

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PTG
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Postby PTG » Tue Dec 29, 2009 4:32 am

Check out www.infiniteyield.blogspot.com and www.infiniteyield.com

Google The 2/20-Day EMA Breakout System

There are many more ideas.

And listen to the essence of TRO's teachings.

Good thing is: you DO actually execute.
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razorboy
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Postby razorboy » Tue Dec 29, 2009 4:38 am

Pro may be an example of "yes, you can have too much of a good thing"

The basics of all good "systems" are

Keep your losses tight, let your winners run and the prevention of over trading........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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PTG
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Postby PTG » Tue Dec 29, 2009 4:59 am

Indeed.

I can't look into anyone's head (but my own..) however I'm sure that as long as we keep searching for our errors in order to improve ourselves whilst knowing our target and aiming to achieve it, we will get where we want to be.
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