ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Thu Feb 04, 2010 4:20 pm

One trade today NY

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#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 » Fri Feb 05, 2010 4:07 pm

Nice P/L on practice account. (its live) +77.x

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#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 mthomas » Fri Feb 05, 2010 4:09 pm

good job Pro!

Now your getting into the PRO ZONE trading Trilogy :)


Have a good weekend.
Alotofpips

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Postby TheRumpledOne » Fri Feb 05, 2010 5:35 pm

Yes, Burke, great post. I usually just get out a 2x4 and whack 'em upside the head.

http://www.youtube.com/watch?v=kHbfIPjmZys
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby dudehead » Fri Feb 05, 2010 8:02 pm

Pro, I'm feeling guilty for busting your chops. I gotta admit I was talking about myself as well.

Saw you pop into the 2% club, sounds like things are coming together for you?
So you're on a 30 day trading plan? Would you care to share what your plan is?

I've implemented a post-trading day logging system for myself, it goes like this:

1. Capture my stats: wins/losses, pairs traded, entry/exit prices etc.
2. Did I follow my trading plan? If not where did I deviate and why did I decide to "leave the reservation".
3. What are the lessons learned that I can take away from this session?
4. What did I do well? (like cutting a loss short)
5. What can I do to improve for next time?

Having a system helps keep myself honest. That way I can't try something and just say "It didn't work." Been there, done that, bought the T-Shirt.

BTW, I am rooting for you, keep up the good fight! 8)
There is but one simple truth to wit: the truth is always simple

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Postby prochargedmopar » Sat Feb 06, 2010 12:47 am

dudehead wrote:Pro, I'm feeling guilty for busting your chops. I gotta admit I was talking about myself as well.

Saw you pop into the 2% club, sounds like things are coming together for you?
So you're on a 30 day trading plan? Would you care to share what your plan is?

I've implemented a post-trading day logging system for myself, it goes like this:

1. Capture my stats: wins/losses, pairs traded, entry/exit prices etc.
2. Did I follow my trading plan? If not where did I deviate and why did I decide to "leave the reservation".
3. What are the lessons learned that I can take away from this session?
4. What did I do well? (like cutting a loss short)
5. What can I do to improve for next time?

Having a system helps keep myself honest. That way I can't try something and just say "It didn't work." Been there, done that, bought the T-Shirt.

BTW, I am rooting for you, keep up the good fight! 8)


Guilt is a neg. emotion that destroys, YOU have NOT offended me.
I feel you were right on the money.
It looks as though your "plan" is much more detailed than mine.

All I do is look at market, see what appears to be a move in a certain direction and enter.

I have studied work from Sam seiden/Andre Pahar(FXknight)/Chris Lori(pro traders club)/Mightyone/TRO/Dragon33/Craig Harris method/VSA, VCA, and the list goes on and on and on from web board "systems".
Many posts by hundreds of people.
All FREE resources.


I'm focused on THIS though:

For the impatient the first 2-3 levels will be the hard part, after that the ball starts to ROLL.

Starting balance based on increments of 3.
$30.00, $300.00, ect

First Go round is starting with 10 cent pips to prove to yourself and to build confidence that you can succeed in your quest to freedom. A Dry Run.

New balance/Lot size/Daily profit/ # of days trading

$30 - 10cents - $2 - 15 days
$60 - 20 -$4 - 8
$92 - 30 - $6 - 5
$124 - 40 - $8 - 4
$154 - 50 - $10 - 3
$184 - 60 - $12 - 2
$208 - 70 - $14 - 2
$236 - 80 - $16 - 2
$268 - 90 - $18 - 2
$304 - $1 - $20 -2
$344 - $1.10 - $22 - 1
$366 -$1.20 - $24 - 1
$390 - $1.30 - $26 -1
$416 - $1.40- $28 - 1
$444 - $1.50 - $30 - 1 Time to go to FREEDOM Level
$474 Bal.

Start with $474 and use $2 pips!!!
Do it all over again but move Decimal one place to right..

$474 - $2 - $40 4 days
$634 - $3 - $60 5
$934 - $4 - $80 5
$1334 - $5 - $100 4
$1734 - $6 - $120 4
$2214 - $7 - $140 3
$2634 - $8 - $160 2
$2954 - $9 - $180 1
$3134 - $10 -$200 2
$3534 - $11 - $220 2
$3974 - $12 - $240 1
$4214 - $13 - $260 1
$4474 - $14 - $280 1
$4754 - $15 - $300 PER DAY INCOME!!!

You add up the days....if you don't like waiting you can start with 30cent pips the first round...

20 pips a day baby.......I won't go into the next level........

START WITH $20 PIPS...... and finish with $3000 a day income...HEHEHEHE


And these are the results so far:

Actual starting Bal. 598.50

Default start Bal. 47.00 - Target 460.10

Day#/Date/pips/P-L/Balance/lot size

1-4 +52 $8.00 Bal. 55.00 (2)
2-5 +32 $6.70 $60.96 (3)
3-6 +50 $9.00 $69.96 (3)
4-7 +32 $6.38 $76.34 (3)
5-8 +18 $5.49 $81.83 (3)
6-11 +41 $7.30 $89.13 (3)
7-12 +22 $9.19 $98.32 (4)
8-13 +18 $7.04 $105.36 (4)
9-14 +19 $7.20 $112.56 (4+)
10-15 +22 $8.80 $121.36 (4)
11-18 +22 $10.88 $132.24 (5)
12-19 +21 $10.60 $142.84 (5)
13-20 +16 $8.12 $150.96 (5)
14-21 +22 $13.72 $164.68 (6)
15-22 +19 $11.42 $176.10 (6)
16-25 +22 $14.42 $190.52 (6&7)
17-26 +45 $30.43 $220.95 (7+)
18-27 +6 $4.06 $225.01 (7+)
19-28 +14 $9.02 $234.03 (7)
20-29 +22 $17.10 $251.13 [8]
21-1 +16 $13.17 $264.30 [8]
22-2 +15 $13.59 $277.89 (9)
23-3 -24 $-21.22 $256.67 (9)
24-4 +18 $16.25 $272.92 (9)
25-5 +26 $23.21 $296.13 (9)
Last edited by prochargedmopar on Sat Feb 06, 2010 11:55 pm, edited 2 times 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 aliassmith » Sat Feb 06, 2010 4:58 pm

prochargedmopar wrote:
dudehead wrote:Pro, I'm feeling guilty for busting your chops. I gotta admit I was talking about myself as well.

Saw you pop into the 2% club, sounds like things are coming together for you?
So you're on a 30 day trading plan? Would you care to share what your plan is?

I've implemented a post-trading day logging system for myself, it goes like this:

1. Capture my stats: wins/losses, pairs traded, entry/exit prices etc.
2. Did I follow my trading plan? If not where did I deviate and why did I decide to "leave the reservation".
3. What are the lessons learned that I can take away from this session?
4. What did I do well? (like cutting a loss short)
5. What can I do to improve for next time?

Having a system helps keep myself honest. That way I can't try something and just say "It didn't work." Been there, done that, bought the T-Shirt.

BTW, I am rooting for you, keep up the good fight! 8)


Guilt is a neg. emotion that destroys, YOU have NOT offended me.
I feel you were right on the money.
It looks as though your "plan" is much more detailed than mine.

All I do is look at market, see what appears to be a move in a certain direction and enter.

I have studied work from Sam seiden/Andre Pahar(FXknight)/Chris Lori(pro traders club)/Mightyone/TRO/Dragon33/Craig Harris method/VSA, VCA, and the list goes on and on and on from web board "systems".
Many posts by hundreds of people.
All FREE resources.


I'm focused on THIS though:

For the impatient the first 2-3 levels will be the hard part, after that the ball starts to ROLL.

Starting balance based on increments of 3.
$30.00, $300.00, ect

First Go round is starting with 10 cent pips to prove to yourself and to build confidence that you can succeed in your quest to freedom. A Dry Run.

New balance/Lot size/Daily profit/ # of days trading

$30 - 10cents - $2 - 15 days
$62 - 20 -$4 - 8
$92 - 30 - $6 - 5
$124 - 40 - $8 - 4
$154 - 50 - $10 - 3
$184 - 60 - $12 - 2
$208 - 70 - $14 - 2
$236 - 80 - $16 - 2
$268 - 90 - $18 - 2
$304 - $1 - $20 -2
$344 - $1.10 - $22 - 1
$366 -$1.20 - $24 - 1
$390 - $1.30 - $26 -1
$416 - $1.40- $28 - 1
$444 - $1.50 - $30 - 1 Time to go to FREEDOM Level
$474 Bal.

Start with $474 and use $2 pips!!!
Do it all over again but move Decimal one place to right..

$474 - $2 - $40 4 days
$634 - $3 - $60 5
$934 - $4 - $80 5
$1334 - $5 - $100 4
$1734 - $6 - $120 4
$2214 - $7 - $140 3
$2634 - $8 - $160 2
$2954 - $9 - $180 1
$3134 - $10 -$200 2
$3534 - $11 - $220 2
$3974 - $12 - $240 1
$4214 - $13 - $260 1
$4474 - $14 - $280 1
$4754 - $15 - $300 PER DAY INCOME!!!

You add up the days....if you don't like waiting you can start with 30cent pips the first round...

20 pips a day baby.......I won't go into the next level........

START WITH $20 PIPS...... and finish with $3000 a day income...HEHEHEHE


And these are the results so far:

Actual starting Bal. 598.50

Default start Bal. 47.00 - Target 460.10

Day#/Date/pips/P-L/Balance/lot size

1-4 +52 $8.00 Bal. 55.00 (2)
2-5 +32 $6.70 $60.96 (3)
3-6 +50 $9.00 $69.96 (3)
4-7 +32 $6.38 $76.34 (3)
5-8 +18 $5.49 $81.83 (3)
6-11 +41 $7.30 $89.13 (3)
7-12 +22 $9.19 $98.32 (4)
8-13 +18 $7.04 $105.36 (4)
9-14 +19 $7.20 $112.56 (4+)
10-15 +22 $8.80 $121.36 (4)
11-18 +22 $10.88 $132.24 (5)
12-19 +21 $10.60 $142.84 (5)
13-20 +16 $8.12 $150.96 (5)
14-21 +22 $13.72 $164.68 (6)
15-22 +19 $11.42 $176.10 (6)
16-25 +22 $14.42 $190.52 (6&7)
17-26 +45 $30.43 $220.95 (7+)
18-27 +6 $4.06 $225.01 (7+)
19-28 +14 $9.02 $234.03 (7)
20-29 +22 $17.10 $251.13 [8]
21-1 +16 $13.17 $264.30 [8]
22-2 +15 $13.59 $277.89 (9)
23-3 -24 $21.22 -$256.67 (9)
24-4 +18 $16.25 $272.92 (9)
25-5 +26 $23.21 $296.13 (9)




Very Interesting plan. Seems similar to something MightyOne put out
there. I like seeing the actual dollar amounts on your "plan". Now if
I can only make 20 pips a day (part-time) I would try your plan out. :)
Trade Your Way as Long as It Makes Money!

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Postby prochargedmopar » Sat Feb 06, 2010 10:48 pm

aliassmith wrote:
prochargedmopar wrote:
dudehead wrote:Pro, I'm feeling guilty for busting your chops. I gotta admit I was talking about myself as well.

Saw you pop into the 2% club, sounds like things are coming together for you?
So you're on a 30 day trading plan? Would you care to share what your plan is?

I've implemented a post-trading day logging system for myself, it goes like this:

1. Capture my stats: wins/losses, pairs traded, entry/exit prices etc.
2. Did I follow my trading plan? If not where did I deviate and why did I decide to "leave the reservation".
3. What are the lessons learned that I can take away from this session?
4. What did I do well? (like cutting a loss short)
5. What can I do to improve for next time?

Having a system helps keep myself honest. That way I can't try something and just say "It didn't work." Been there, done that, bought the T-Shirt.

BTW, I am rooting for you, keep up the good fight! 8)


Guilt is a neg. emotion that destroys, YOU have NOT offended me.
I feel you were right on the money.
It looks as though your "plan" is much more detailed than mine.

All I do is look at market, see what appears to be a move in a certain direction and enter.

I have studied work from Sam seiden/Andre Pahar(FXknight)/Chris Lori(pro traders club)/Mightyone/TRO/Dragon33/Craig Harris method/VSA, VCA, and the list goes on and on and on from web board "systems".
Many posts by hundreds of people.
All FREE resources.


I'm focused on THIS though:

For the impatient the first 2-3 levels will be the hard part, after that the ball starts to ROLL.

Starting balance based on increments of 3.
$30.00, $300.00, ect

First Go round is starting with 10 cent pips to prove to yourself and to build confidence that you can succeed in your quest to freedom. A Dry Run.

New balance/Lot size/Daily profit/ # of days trading

$30 - 10cents - $2 - 15 days
$62 - 20 -$4 - 8
$92 - 30 - $6 - 5
$124 - 40 - $8 - 4
$154 - 50 - $10 - 3
$184 - 60 - $12 - 2
$208 - 70 - $14 - 2
$236 - 80 - $16 - 2
$268 - 90 - $18 - 2
$304 - $1 - $20 -2
$344 - $1.10 - $22 - 1
$366 -$1.20 - $24 - 1
$390 - $1.30 - $26 -1
$416 - $1.40- $28 - 1
$444 - $1.50 - $30 - 1 Time to go to FREEDOM Level
$474 Bal.

Start with $474 and use $2 pips!!!
Do it all over again but move Decimal one place to right..

$474 - $2 - $40 4 days
$634 - $3 - $60 5
$934 - $4 - $80 5
$1334 - $5 - $100 4
$1734 - $6 - $120 4
$2214 - $7 - $140 3
$2634 - $8 - $160 2
$2954 - $9 - $180 1
$3134 - $10 -$200 2
$3534 - $11 - $220 2
$3974 - $12 - $240 1
$4214 - $13 - $260 1
$4474 - $14 - $280 1
$4754 - $15 - $300 PER DAY INCOME!!!

You add up the days....if you don't like waiting you can start with 30cent pips the first round...

20 pips a day baby.......I won't go into the next level........

START WITH $20 PIPS...... and finish with $3000 a day income...HEHEHEHE


And these are the results so far:

Actual starting Bal. 598.50

Default start Bal. 47.00 - Target 460.10

Day#/Date/pips/P-L/Balance/lot size

1-4 +52 $8.00 Bal. 55.00 (2)
2-5 +32 $6.70 $60.96 (3)
3-6 +50 $9.00 $69.96 (3)
4-7 +32 $6.38 $76.34 (3)
5-8 +18 $5.49 $81.83 (3)
6-11 +41 $7.30 $89.13 (3)
7-12 +22 $9.19 $98.32 (4)
8-13 +18 $7.04 $105.36 (4)
9-14 +19 $7.20 $112.56 (4+)
10-15 +22 $8.80 $121.36 (4)
11-18 +22 $10.88 $132.24 (5)
12-19 +21 $10.60 $142.84 (5)
13-20 +16 $8.12 $150.96 (5)
14-21 +22 $13.72 $164.68 (6)
15-22 +19 $11.42 $176.10 (6)
16-25 +22 $14.42 $190.52 (6&7)
17-26 +45 $30.43 $220.95 (7+)
18-27 +6 $4.06 $225.01 (7+)
19-28 +14 $9.02 $234.03 (7)
20-29 +22 $17.10 $251.13 [8]
21-1 +16 $13.17 $264.30 [8]
22-2 +15 $13.59 $277.89 (9)
23-3 -24 $21.22 -$256.67 (9)
24-4 +18 $16.25 $272.92 (9)
25-5 +26 $23.21 $296.13 (9)




Very Interesting plan. Seems similar to something MightyOne put out
there. I like seeing the actual dollar amounts on your "plan". Now if
I can only make 20 pips a day (part-time) I would try your plan out. :)



I thought you were banking with all the m5 Mzone winners you were posting???
What happen?

Yes,
It's loosely based on his 40 pips a day plan that moves you 17 levels in 1yr.
I doubled the micros per $300 account balance and reduced the required daily pips by 1/2.
I don't really understand the 2nd half of the document so
I'm using a 9 pip stop and rolling with it.

My #1 focus is NO big losing days.
My #2 focus NOW is figuring out a way to let profitable trades run.
I'm getting sick and tired of seeing 20-30-100+ pip moves in the market after I exit.
I need to go back and read all the options M.O. gave me for scaling/holding/ect.
Attachments
M.O. $$$.txt
(3.45 KiB) Downloaded 45 times
#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 » Sat Feb 06, 2010 11:28 pm

BTW,
Going from a default balance of $47 to a current balance of $296ish I've made like 600% in 25 days.

REMEMBER THOUGH- THE ONLY TRUE TEST, IS TIME
My trading strategy is very loosely based on this:

MightyOne wrote:
As of Monday, September 28th, 2009 I shall record live trades here.

I shall attempt to grow a micro account from $450 to $450,000 using the least amount of skill and greatest amount of luck ---> including entering trades with a rabbit's foot

While this account is purely for fun I will try my best to take it seriously

The money management to be used shall be:

(8 pip stop loss)

per.$400: 9 micro

9: target: 3-6-25 = +2.549%

target 3-6-25 = exit 1/3 at +3, 6, & 25 pips.

If stopped at -8 after:

1. Immediately wrong: -1.8%
2. Exiting 1/3 at + 3: -0.97%
3. Exiting 1/3 at + 6: +0.075%

Method of entry:

Place trades on a 1 minute chart when I feel that there is a high probability of making 6 pips so that I will have a free shot at a 2.549% gain.

Focus of Account (besides not losing money):

1. 100% in 21 days
2. 50% in 21 days
3. 25% in 21 days

Reaching goal 1: 5 stars
Reaching goal 2: 3 stars
Reaching goal 3: 2 stars

Reaching all 3 goals: 10 stars

Percent gain shall be calculated against a multiple of $400.
#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 » Sun Feb 07, 2010 12:18 am

My #2 focus NOW is figuring out a way to let profitable trades run.
I'm getting sick and tired of seeing 20-30-100+ pip moves in the market after I exit.
I need to go back and read all the options M.O. gave me for scaling/holding/ect. -PRO

That I will help you with :wink:

The focus is highest highs after lowest lows + momo and vise versa:

Image

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