ProchargedMopar's Trading Trilogy

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bredin
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Postby bredin » Sat Sep 11, 2010 1:24 pm

mathmatically speaking, closing your long and opening it again lower (placing the stop at the same place, even though it looks larger) is the same thing.

G.
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Postby Jalarupa » Sat Sep 11, 2010 2:21 pm

bredin wrote:mathmatically speaking, closing your long and opening it again lower (placing the stop at the same place, even though it looks larger) is the same thing.

G.


Okay, but if I had to do this... in order to get the same result in monetary terms I would have to increase my position size when I bought back..?

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bredin
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Postby bredin » Sun Sep 12, 2010 6:11 am

No, heres some math:

Long +100 pips, then
Short (hedge) +50 pips (long now worth +50), close (+50)
closed (realized) profit at this point +50
long goes another 70 pips, and close (+120)
closed (realized) profit at this point +170 pips
--------------------

Long +100 pips, close
closed (realized) profit at this point +100
WAIT 50 pips retrace, then
Long entered and goes 70 pips
closed (realized) profit at this point +170
---------------

at the end its the same thing. all that changes is exactly even each part of the realization happens.

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Postby Jalarupa » Sun Sep 12, 2010 7:23 am

Hmmm... I see... Makes perfect sense... My only gripe would be, what if I were in a long position that I wouldn't want to give up...? But Yeah I totally see where you coming from and I guess I would be more suited to trading in one direction only and just closing out my less extreme positions and then buying back, which makes complete sense.

Thx bredin :)
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Postby bredin » Sun Sep 12, 2010 8:39 am

The difference is psychological, one method is more fluid and ephemeral, the other is more methodical and obvious.

I guess that some people will find each method easier or harder to deal with and as such a no-hedging rule just disadvantages one type of thinker more. I really cant think of the example as one continuous trade: open, close, wait, open, close. I have to see it as open-hedge-close-close...

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Postby prochargedmopar » Tue Sep 14, 2010 1:57 pm

We are gonna make this VERY simple:

See that dashed purple LINE??

Image

I'm serious!

This is how I see supply/demand.......YOU may call it z-lines, momo,S&R, zeroed out, held profit, ect, ect. Maybe to you it's a fib level, Gann line, psychological level (probably closest to the truth) or Pivot. All the same.

What I'm seeing, The big money is seeing also or this would NOT be happening

Look at the horizontal lines. They are NOT random. We all know price will either bounce or break and that it bounces MOST of the time. They must pull out their BIG CANNON to get price through a historical level. If you only traded bounces, how many times would price NOT come back to your entry when you were wrong?

I only marked a few spots as examples.

Any currency, any time frame.

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

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prochargedmopar
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Postby prochargedmopar » Tue Sep 14, 2010 2:01 pm

BTW, the "first" touch after a line has been CANNONIZED is always the sweetest!!

Big Stones Baby.....
:shock:
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby trueblueTEX » Tue Sep 14, 2010 2:38 pm

"Ignore indicators, they are to throw off your cousin Vinny!!"

ROTFLMAO!!!!

Just curious, why the RSI?

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prochargedmopar
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Postby prochargedmopar » Tue Sep 14, 2010 2:45 pm

Hey cousin, why not? does it really matter which indy you like as decoration. They ALL work!!!!

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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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prochargedmopar
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Postby prochargedmopar » Tue Sep 14, 2010 4:10 pm

H1
Image

M5
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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