ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Sat May 28, 2011 1:00 pm

Thank you MO for clarification.

I understood the point, it was just that it was not very realistic for me and wanted to make sure there wasn't an error in the example so as to make my brain struggle unnecessarily. :lol:

So now I must ask myself a simple question, "How do I make it realistic for me?"

Less risk, no sudden spikes, spreads are not as significant, fewer losses, & SAME PROFIT in dollars...but everyone wants sextillions.


I do not value sextillions. I have lived the "luxury lifestyle" (grew up in a wealthy family) and it only created more problems and unhappiness. I think it is much better to have millions, stay under the radar, have a simple place to stay and use your de-valued currency to have and do extraordinary life experiences of which many in this world cost very little. I'm not saying I won't aim for extremely high returns. If I make enough money to carry me for awhile and there is enough of a buffer to handle unexpected events than I will take time off and not trade. We might reach a point in our lives where we look backward and realize that we wasted a lot of precious time trying to make money unnecessarily. Whether you believe in life after death or not (your various religious/spiritual views), the one thing we can all be ABSOLUTELY CERTAIN about is THIS CURRENT LIFE. The future is not knowable thus the only thing we can be sure about is THIS VERY MOMENT. I'm just saying, make your moments matter!
Life is just a journey

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 22
Gender: Male

Postby aliassmith » Sat May 28, 2011 3:35 pm

MightyOne wrote:The point is that a smaller size hurts less when you are losing and greater targets pay the same as smaller targets with high dollars at risk.

I tried showing an example of this by introducing the "macro pip" which is 10 pips treated as a single pip. I went on to show that, in a lot of examples, 3 or 4 macro pips could be risked for the same 5+ (macro) pips targeted by the Rat Trade.

Less risk, no sudden spikes, spreads are not as significant, fewer losses, & SAME PROFIT in dollars...but everyone wants sextillions ;)


What the heck!

You said we are here to drain the banks.

If the banks have $extillions then we take $extillions :)
Trade Your Way as Long as It Makes Money!

User avatar
PebbleTrader
rank: 1000+ posts
rank: 1000+ posts
Posts: 1632
Joined: Fri Nov 12, 2010 2:15 am
Reputation: 0
Gender: Male

Postby PebbleTrader » Sat May 28, 2011 4:14 pm

I'm just saying become AWARE of the amount of TIME and ENERGY it takes to make $extillions, it might be better to settle for less O:)
Life is just a journey

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Postby MightyOne » Sat May 28, 2011 8:27 pm

[quote="aliassmith"][quote="MightyOne"]The point is that a smaller size hurts less when you are losing and greater targets pay the same as smaller targets with high dollars at risk.

I tried showing an example of this by introducing the "macro pip" which is 10 pips treated as a single pip. I went on to show that, in a lot of examples, 3 or 4 macro pips could be risked for the same 5+ (macro) pips targeted by the Rat Trade.

Less risk, no sudden spikes, spreads are not as significant, fewer losses, & SAME PROFIT in dollars...but everyone wants sextillions ;)[/quote]

What the heck!

You said we are here to drain the banks.

If the banks have $extillions then we take $extillions :)[/quote]

Many people know what they want, but who understands how to obtain it?

Must we buy and sell based on fundamentals?
How much less so then must we base our decision on Technicals?
If I keep buying, simply because there are none to challenge me, who can call it folly?

Many are burned by candles when they could be watching them from a distance.

What does this have to do with $extillions?

Money is something that happens to people who do the right things irrespective of short term results.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5546
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon May 30, 2011 7:04 pm

THE MONEY MANTRA!!!

"Money is something that happens to people who do the right things irrespective of short term results". MightyOne
#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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 832
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Postby dchappy » Fri Jun 10, 2011 1:07 am

Happy Birthday Pro.....

Keep On Pippin .... :smt023

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5546
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Sun Jun 12, 2011 9:36 pm

Thanks Chap, Hope all is well for you and your family on the homefront!!!!
#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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5546
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Thu Jun 23, 2011 9:44 am

Easy 20 using chappy's pip snager setup(modified of course)
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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5546
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Wed Jun 29, 2011 12:28 am

Price has not closed below a LINE, yet.
D1 chart:

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Postby MightyOne » Thu Jun 30, 2011 2:39 pm

You should take a look at, the platform/app., called Trade Interceptor.
You can get quotes from and trade multiple accounts (FXCM & Duka, GFT & ACM in ~ 2-4 weeks, MBT in about 3 more months).

Set alarms, trade off of the charts, many periods, Metatrader-like platform, easy as Oanda to rest, place, and manage orders.

It is perfect for trading on a phone or tablet.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”