ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed Apr 07, 2010 2:29 pm

I really cannot figure out what my problem is!!!!!!!!!

I cannot trade the right direction.
I cannot profit from the market unless I double down.

WTF?

I kept trading this short as it moved up 80 pips.


How frickin easy it would be to make pips If I ONLY knew which way to trade/when.

Mother.

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

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Postby prochargedmopar » Wed Apr 07, 2010 2:39 pm

Look how easy it is to assess the dealing ranges after the fact.......
Look how many pips are available on a M1 CHART.
sweetspots are 20 pips apart....
Now I see how M.O. gets so flabbergasted that everybody on the planet can't make 20 pips a day!!!!!!!!!!!!!!!!!!!

This is pissin me off.
What am I missing?

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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Postby aliassmith » Wed Apr 07, 2010 2:51 pm

prochargedmopar wrote:Look how easy it is to assess the dealing ranges after the fact.......
Look how many pips are available on a M1 CHART.
sweetspots are 20 pips apart....
Now I see how M.O. gets so flabbergasted that everybody on the planet can't make 20 pips a day!!!!!!!!!!!!!!!!!!!

This is pissin me off.
What am I missing?

Image


This is pissin me off.
What am I missing?

Maybe emotional restraint ? 8)
Trade Your Way as Long as It Makes Money!

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Postby es/pip » Wed Apr 07, 2010 3:28 pm

dude

you cannot double down when you are wrong

only novices do this

you must accept your loss, take it and move on to the next trade

if you cannot accept this, you will blow out account after account after account.

if you ae going to trade(scalp) against the flow( of the time frame you are watching) you need a reason based on the higher time frames----
Bend over and assume the position for another 4 years of hope and change.

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Postby prochargedmopar » Wed Apr 07, 2010 10:48 pm

Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

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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Postby es/pip » Wed Apr 07, 2010 11:56 pm

prochargedmopar wrote:Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

Image



no

your problem is not being able to admit you are wrong and accepting loss.

i am telling you right now

if you do not stop averaging down you will never make it.

that is a traders cardinal rule----- that can never be broken

EVER

every time you do it and it works out and you are able to get out of the trade, it creates a false sense of security.

It only works till it doesn't work that one time

then you blow out

is this chris lori person telling you to do this?

or are you just doing it yourself?

:roll:
Bend over and assume the position for another 4 years of hope and change.

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Postby prochargedmopar » Thu Apr 08, 2010 1:35 am

es/pip wrote:
prochargedmopar wrote:Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

Image



no

your problem is not being able to admit you are wrong and accepting loss.

i am telling you right now

if you do not stop averaging down you will never make it.

that is a traders cardinal rule----- that can never be broken

EVER

every time you do it and it works out and you are able to get out of the trade, it creates a false sense of security.

It only works till it doesn't work that one time

then you blow out

is this chris lori person telling you to do this?

or are you just doing it yourself?

:roll:


No,

He preaches that as soon as possible you should be trading un-leveraged in most stituations.

He says the closest thing to a "holy grail" is your Money Management and those rules should NEVER be broken.

He gave example that if your having trouble that you should NOT be trading more than 1 mini for every 10-20k in your account.

My difficulty is that when in a trade I become extremely focused on price. It is very easy 98 out of 100 times to see price lay down on it's back and I can double or triple my position size and get out at b/e or with small profit.

And yes, I'm building bad habits but the CH method dude doubles the next swing after a loss and then if he has 2nd loss then he goes back to original position sizes.

I agree with you though.......adding to losers without it being part of your strategy is insane.......unless your trading cash positions and going for 100's to 1000's of pips with the fundamentals at your back. But then, that would be part of your trading plan, not just an emotional response to loss.
#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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es/pip
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Postby es/pip » Thu Apr 08, 2010 2:29 am

prochargedmopar wrote:
es/pip wrote:
prochargedmopar wrote:Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

Image



no

your problem is not being able to admit you are wrong and accepting loss.

i am telling you right now

if you do not stop averaging down you will never make it.

that is a traders cardinal rule----- that can never be broken

EVER

every time you do it and it works out and you are able to get out of the trade, it creates a false sense of security.

It only works till it doesn't work that one time

then you blow out

is this chris lori person telling you to do this?

or are you just doing it yourself?

:roll:


No,

He preaches that as soon as possible you should be trading un-leveraged in most stituations.

He says the closest thing to a "holy grail" is your Money Management and those rules should NEVER be broken.

He gave example that if your having trouble that you should NOT be trading more than 1 mini for every 10-20k in your account.

My difficulty is that when in a trade I become extremely focused on price. It is very easy 98 out of 100 times to see price lay down on it's back and I can double or triple my position size and get out at b/e or with small profit.

And yes, I'm building bad habits but the CH method dude doubles the next swing after a loss and then if he has 2nd loss then he goes back to original position sizes.

I agree with you though.......adding to losers without it being part of your strategy is insane.......unless your trading cash positions and going for 100's to 1000's of pips with the fundamentals at your back. But then, that would be part of your trading plan, not just an emotional response to loss.



who is the CH method dude?

if your trade size is 10 lots, then it is ok to average down1, 2, 3 etc etc to build a full position up to your planned risk %---------- that is the only time

98 out of 100 is great

what happens the other two times is the issue

just make it a trade rule of yours

write it down " i cannot average down"

and then just do not do it


these are my rules i have on a sheet of paper taped to the side of one of my monitors

1. never increase a stop above set limit

2. never average down

3. do not look at P/L till day is over ( for scalping)

4. take every trade that sets up

5. punish other traders


my only job day in and day out is to follow my rules

as long as i do that then i will embarrass 95% of other traders :wink:
Bend over and assume the position for another 4 years of hope and change.

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prochargedmopar
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Postby prochargedmopar » Thu Apr 08, 2010 2:45 am

es/pip wrote:
prochargedmopar wrote:
es/pip wrote:
prochargedmopar wrote:Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

Image



no

your problem is not being able to admit you are wrong and accepting loss.

i am telling you right now

if you do not stop averaging down you will never make it.

that is a traders cardinal rule----- that can never be broken

EVER

every time you do it and it works out and you are able to get out of the trade, it creates a false sense of security.

It only works till it doesn't work that one time

then you blow out

is this chris lori person telling you to do this?

or are you just doing it yourself?

:roll:


No,

He preaches that as soon as possible you should be trading un-leveraged in most stituations.

He says the closest thing to a "holy grail" is your Money Management and those rules should NEVER be broken.

He gave example that if your having trouble that you should NOT be trading more than 1 mini for every 10-20k in your account.

My difficulty is that when in a trade I become extremely focused on price. It is very easy 98 out of 100 times to see price lay down on it's back and I can double or triple my position size and get out at b/e or with small profit.

And yes, I'm building bad habits but the CH method dude doubles the next swing after a loss and then if he has 2nd loss then he goes back to original position sizes.

I agree with you though.......adding to losers without it being part of your strategy is insane.......unless your trading cash positions and going for 100's to 1000's of pips with the fundamentals at your back. But then, that would be part of your trading plan, not just an emotional response to loss.



who is the CH method dude?

if your trade size is 10 lots, then it is ok to average down1, 2, 3 etc etc to build a full position up to your planned risk %---------- that is the only time

98 out of 100 is great

what happens the other two times is the issue

just make it a trade rule of yours

write it down " i cannot average down"

and then just do not do it


these are my rules i have on a sheet of paper taped to the side of one of my monitors

1. never increase a stop above set limit

2. never average down

3. do not look at P/L till day is over ( for scalping)

4. take every trade that sets up

5. punish other traders


my only job day in and day out is to follow my rules

as long as i do that then i will embarrass 95% of other traders :wink:


Looks like a good plan you have...I like #5.

CH?
ala TRO...If you google search you will find it....LOL
I've been through hundreds of "systems"...that's why I'm going with bare charts......sick of systems.
#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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es/pip
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Postby es/pip » Thu Apr 08, 2010 11:44 am

prochargedmopar wrote:
es/pip wrote:
prochargedmopar wrote:
es/pip wrote:
prochargedmopar wrote:Defining trend is MY problem me thinks.

MO CHALLENGE +2

Remember when he challenged us to trade with one "sit down" line.


Well, I'm also sick of my indecision and relying on indicators to tell me what price is gonna do or how far it's gonna go.

I will have a "sit down" line (dpv) +2 extra's drawn on daily high/low.

I'm NOT making money.
I'm NOT making pips.

So what do I have to lose by taking the challenge????
NOTHING

Here are the indy's required for this EVENT...........End date 5/31/10

Image



no

your problem is not being able to admit you are wrong and accepting loss.

i am telling you right now

if you do not stop averaging down you will never make it.

that is a traders cardinal rule----- that can never be broken

EVER

every time you do it and it works out and you are able to get out of the trade, it creates a false sense of security.

It only works till it doesn't work that one time

then you blow out

is this chris lori person telling you to do this?

or are you just doing it yourself?

:roll:


No,

He preaches that as soon as possible you should be trading un-leveraged in most stituations.

He says the closest thing to a "holy grail" is your Money Management and those rules should NEVER be broken.

He gave example that if your having trouble that you should NOT be trading more than 1 mini for every 10-20k in your account.

My difficulty is that when in a trade I become extremely focused on price. It is very easy 98 out of 100 times to see price lay down on it's back and I can double or triple my position size and get out at b/e or with small profit.

And yes, I'm building bad habits but the CH method dude doubles the next swing after a loss and then if he has 2nd loss then he goes back to original position sizes.

I agree with you though.......adding to losers without it being part of your strategy is insane.......unless your trading cash positions and going for 100's to 1000's of pips with the fundamentals at your back. But then, that would be part of your trading plan, not just an emotional response to loss.



who is the CH method dude?

if your trade size is 10 lots, then it is ok to average down1, 2, 3 etc etc to build a full position up to your planned risk %---------- that is the only time

98 out of 100 is great

what happens the other two times is the issue

just make it a trade rule of yours

write it down " i cannot average down"

and then just do not do it


these are my rules i have on a sheet of paper taped to the side of one of my monitors

1. never increase a stop above set limit

2. never average down

3. do not look at P/L till day is over ( for scalping)

4. take every trade that sets up

5. punish other traders


my only job day in and day out is to follow my rules

as long as i do that then i will embarrass 95% of other traders :wink:


Looks like a good plan you have...I like #5.

CH?
ala TRO...If you google search you will find it....LOL
I've been through hundreds of "systems"...that's why I'm going with bare charts......sick of systems.


i am not sure how

CH or CH method dude and google would lead me to TRO

i have heard Tro, Rumple One and Avery but not CH

that is beside the point

he is taking a loss---- via getting out and then risking twice on the next trade. This is different then staying in the original trade and doubling in till he gets out at BE.

so

are you going to add this to your rules and stop averaging in or are you going to continue to do it?
Bend over and assume the position for another 4 years of hope and change.

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