ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Wed May 05, 2010 4:00 pm

Hmmm,

How low can you go?

Image

Do you really want to know?
#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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trueblueTEX
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Re: Strategy?

Postby trueblueTEX » Wed May 05, 2010 5:47 pm

MightyOne wrote:
trueblueTEX wrote:
MightyOne wrote:You can achieve so much more with less...

Image


Hey MO!!

Is there a description somewhere that explains how you trade those "cash zones"?

Thanks
Tex


A Cash Zone is simply an estimation of the probable expansion of the current weeks range given x or y periods.

The median range of the last 3 weekly candles to close is then chopped up and projected from the current weeks high and low extreme.

The Cash Zone does not signal any entries.


Thanks, MO.

I'm afraid I have one other question. I'm scratching my head over the document you included. I'm not following what you mean in it.

Could you expand just a little bit?

Thanks
Tex

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Re: Strategy?

Postby MightyOne » Wed May 05, 2010 6:23 pm

trueblueTEX wrote:
MightyOne wrote:
trueblueTEX wrote:
MightyOne wrote:You can achieve so much more with less...

Image


Hey MO!!

Is there a description somewhere that explains how you trade those "cash zones"?

Thanks
Tex


A Cash Zone is simply an estimation of the probable expansion of the current weeks range given x or y periods.

The median range of the last 3 weekly candles to close is then chopped up and projected from the current weeks high and low extreme.

The Cash Zone does not signal any entries.


Thanks, MO.

I'm afraid I have one other question. I'm scratching my head over the document you included. I'm not following what you mean in it.

Could you expand just a little bit?

Thanks
Tex



28.4% = 20 to 1 / YR
or 30 to 1 for +4.4%

32.8% = 30 to 1 / YR
or 40 to 1 for +3.2%

If I make 28.4% compound per month then I can expect 20 to 1 per year.

$10,000 * 20 = $200,000

For an additional 4.4%c (28.4 + 4.4 = 32.8%c) I can make 30 to 1 per year.

$10,000 * 30 = $300,000

The question is then can I and how can I do things differently to make an additional 4.4% and is it worth the extra $100,000?

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trueblueTEX
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Re: Strategy?

Postby trueblueTEX » Wed May 05, 2010 6:28 pm

28.4% = 20 to 1 / YR
or 30 to 1 for +4.4%

32.8% = 30 to 1 / YR
or 40 to 1 for +3.2%

If I make 28.4% compound per month then I can expect 20 to 1 per year.

$10,000 * 20 = $200,000

For an additional 4.4%c (28.4 + 4.4 = 32.8%c) I can make 30 to 1 per year.

$10,000 * 30 = $300,000

The question is then can I and how can I do things differently to make an additional 4.4% and is it worth the extra $100,000?[/quote]

AHH!! Gotcha!!!

Thanks!!

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Postby prochargedmopar » Thu May 06, 2010 5:20 pm

Well,

I was doing ok building positions in market the entire week going only long a/j.

Had 4 running and up in profit for the week. Taking all buys as it was dropping 3-4-500 pips.........

Then on one scalp to build another positon. Uh-oh.
Bottom fell out, Almost margined account with all positions open at same time.

Couldn't buy back in at bottom as had no margin left so opened fxcm and took a couple scalps long with it.

Image

It's still draining but most covered from other account.

Maybe it goes back up during summer session???
LOL

EDIT:
TRADING AND PRICE ACTION IS SIMPLE, HOW A GUY BUY, BUY BUY FOR 4 DAYS AND BE IN PROFIT WHEN MARKETS ARE TANKING????

VERY EASY.
NOW IF I CAN FIGURE OUT WHICH WAY THE MARKET IS REALLY GOING AND TRADE WITH IT...

PIECE OF CAKE.

IT'S ALLLLLLLLLLLLLLL PSYCHOLOGICAL
#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 » Thu May 06, 2010 5:55 pm

Just took another quick scalp to cover the open positions loss.

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 » Fri May 07, 2010 1:18 pm

decent pips live today,
Just no value to them.

Image

Demo account is getting thrashed.
#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 May 08, 2010 11:22 am

Chart of the week!

Will be using this next week. Maybe I can focus on the left side more.

Everyone wants to know:
Which way to trade and when to get in?
Here I go.

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 May 11, 2010 2:41 pm

http://www.nobrainertrades.com/2010/05/ ... aders.html

Both very nice guys.
Both seemed very sincere.
#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 » Wed May 12, 2010 1:41 am

Trading Plan:

#1
Enter the market when you have a VERY high probability of exiting at b/e after first move against your position.

#2
Once in profit continually strive to reduce RISK by taking profits and moving stops just behind the first protective dealing range built between open positions. Fund more positions as the market makes them available.

#3
Keep mind focused on the fact that AVG. loss to AVG gain is the ONLY thing that matters in the END.

#4
GAME OVER!!
#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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