ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Sun Apr 11, 2010 8:43 am

http://theinnercircletrader.blogspot.com/

Lesson 1:

Small ranges beget large ranges.
Large ranges beget small ranges.

Where have I heard this before?
LOL
#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 » Sun Apr 11, 2010 7:07 pm

I posted this in breden's thread too.

Bredin,

Please, Please build this indicator!!

My son (7) ask me what a fractal was. That opened the flood gates.
My 15yo doesn't have much interest but the little guy does.
He's my new trading buddy.

I started to explain what dealing ranges were and that got me to thinking that this kid would have no fear. I've got to be VERY careful what I say to him as not to create it.

Anyway, when they play video games all they have is "lives".......and then can either build up from 3 to a 100(some games when you good) or go to zero and start over again.

Wouldn't it be great to be able to do as es/pip does and never have to look at P/L until the end of the day...........just how many LIVES you have left or have gained.

You might be able to use TRO_Dragon Money management to get the balance, risk % and lot sizes.

With this indicator you would have to keep the lot size the same so the # of lives would change and not the percentage of risk.
Hope you understand what I'm saying. After I made it to 100 or 120 lives then I could up the pip value to drop back to 79,89, (or what ever cushion a person feels comfortable with) and start to build again.

It would look something like this.

Image

I attached that indicator just in case you want to use it but you may prefer to start from scratch.

I could calculate it manually after every trade and then change the DTB tag but that kind of defeats the purpose of not looking at your balance.
#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 » Mon Apr 12, 2010 11:09 pm

I went long at what I thought would be support...nope, bailed at -15 (1 life) ;)

Immediately set a limit/buy 20 pips below.
Came back a little while later to see that trade up 15.

Hmmmm
I could move stop to b/e and if it blows through that level I'll get in again and again with each entry being higher and higher probabilities to pay (numerous lives).

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 prochargedmopar » Tue Apr 13, 2010 12:53 am

This is funny, I'm teaching a class my 7 and 11 yr kiddos....we are loading life indy's.....hahahaha

TP hit shortly after this snapshot +1 LIFE

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 TygerKrane » Tue Apr 13, 2010 12:59 am

how many pips did you get on that last trade there, if you don't mind me asking??

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby prochargedmopar » Tue Apr 13, 2010 2:45 am

This is fun, I'm going for a few lives on this one............

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 » Tue Apr 13, 2010 3:19 am

prochargedmopar wrote:This is fun, I'm going for a few lives on this one............

Image


Damn PRO is that an actual indicator that has the lives?

Video games are great, although this is the only one that I play now. :)
Trade Your Way as Long as It Makes Money!

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Postby prochargedmopar » Tue Apr 13, 2010 6:13 am

#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 Apr 13, 2010 8:18 am

Greedy?

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 » Tue Apr 13, 2010 11:29 am

Here are a couple of sweet trades both demo and live.
Fxdd has 5 pip spread on a/j but if your going for 50 instead of 5, .........


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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