ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Mon Feb 06, 2012 11:16 am

That looks like fun. Also appears to be an awesome core exercise which would build hella strong stability.

Currently Im following the "Performance" exercise programming by C.J. at Invictus here:
http://www.crossfitinvictus.com/blog/

I think Chris Lori has started his CFit based on this programming being he is in perth:
http://cfp.typepad.com/my_weblog/
#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 dojirock » Tue Feb 07, 2012 11:46 pm

Pro?? Mo??? Pro??

.....I think I get it....please confirm for me...

Space isnt about never losing?
Space from profits enables us to trade emotionless?
What you speak of on th 5/10 sl/tp example, scenario is what space is and about?
Iwont lie I trade all the time 1:1, why? When profits can "catapult" me to 1:1.5, 1:2, 1:3 and more?
Getting exciting...

Ok, I have a 80 percent success rate scalping(im not bragging, im going to make a point and need confirmation if im on the right track)
Knowing this....why would I take 20 trades, lets say with a 1:1 r/r meaning I win 16 times out of 20? Sound kind of good?

when

I could inject profits to my lot size as it comes and compound my profits to actually have a higher profit margin than risk? Meaning after 5 or 6 trades im not risking anything...only profits? which will for me at least take all stress and emotion out of that trade? MY r/r is now turned upside down and in the direction where I can finally be a winner?

Please tell me im on the right track? I think im getting it...I would love to see another example pro..please.. Im making some up and will post also

Thanks

dojirock
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby dojirock » Wed Feb 08, 2012 1:44 am

correction, profits injected into staying power but still only risking the initial risk?

dojirock
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Postby prochargedmopar » Wed Feb 08, 2012 3:44 am

dojirock wrote:Pro?? Mo??? Pro??

.....I think I get it....please confirm for me...

Space isnt about never losing?
Space from profits enables us to trade emotionless?
What you speak of on th 5/10 sl/tp example, scenario is what space is and about?
why? When profits can "catapult" me to 1:1.5, 1:2, 1:3 and more?
Getting exciting...


I could inject profits to my lot size as it comes and compound my profits to actually have a higher profit margin than risk? Meaning after 5 or 6 trades im not risking anything...only profits? which will for me at least take all stress and emotion out of that trade? MY r/r is now turned upside down and in the direction where I can finally be a winner?


Thanks

dojirock


Your last paragraph is what I too am very excited about. Your initial risk can be VERY low but after a few trades your using MUCH larger lot size than possible if risking a straight 5% on each trade (for example) yet if you lose your only down by 1-2% or less.

Space is about increasing your staying power, and more importantly you do not have to be SUPER precise on entry.........this in and of itself should lend to you letting trades run much longer (over time as you assimilate this into your very being)

Doji,
Think about it seriously. Imagine using 2, 3, or 5x your current lot value but risking equal OR less of your hard earned cash.

It's all about making our desire for PLEASURE much greater than the PAIN/FEAR of loss.

Later (or sooner) as we grow less fearful/stressed out we will be increasing the stop to give more room to grow. and just because it's increased doesn't mean you have to use it all.

I am personally getting comfortable with a 50 pip stop (insanely huge for me not long ago) risking 2%. Imagine your increase in ACCURACY "scalping" with that much room.

Last week I took 3 trades for "homework" on g/n and banked 50, 58, and 75 pips respectively (yes, trading against the damn trend too).........
Total account increase of original balance on these 3 "scalps" was 19.x%. MAX risk?????
2% of ORIGINAL $5k account balance on ea. of the 3 trades.
Trading straight up it would have been like 8.x%
Now imagine if I would have taken a 4th trade for the week with the maximal lot value available!!!!

Do the math on your own account........

Happy Dreaming.
#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 Feb 08, 2012 4:03 am

BTW, here is the math from last weeks trades
$5k account risking 2% using 50 stop.

5000x.02 = $100 risk / 50 stop = $2 per pip.
First trade was +50 or $100
$100 profit +$100 original risk is $200 risk/50 stop = $4 per pip

Second trade was +75 pips or $300
$300 + $100 + $100(original 2% risk) =$500/50 stop = $10 per pip

Third trade was +58 pips or $580.
$580 + $300 + $100 + $100(original 2% risk) =$1080/50 stop = $21.60 per pip

Forth trade? Can we actually do $21.60 per pip with $6k account?

It's $200 per $1 pip margin requirement for commodity pairs like a/j a/u u/cad c/j ect. with U.S. 50:1
That's 21.60 x $200 = $4300 margin required.
I THINK SO............
LOL

If so we would be risking 2% of original account ($100) to hit the
MOTHER LOAD!!!!!
#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 dojirock » Wed Feb 08, 2012 4:55 am

Thanks Pro,
I think im starting to get it. So until my account is 400-500 im probably stuck
with what im doing... It will give me time to practice this way of thought.
another question, so for now your stop is at 50 and stays at 50 it sound like?
what your doing is injecting all your profits into lot size. So your stop wont change until your account grows? account size*2% right?

Can you post some charts on how your trading these days also? It seems you are not scalping?

dojirock
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Postby prochargedmopar » Wed Feb 08, 2012 5:17 am

dojirock wrote:Thanks Pro,
I think im starting to get it. So until my account is 400-500 im probably stuck
with what im doing... It will give me time to practice this way of thought.
another question, so for now your stop is at 50 and stays at 50 it sound like?
what your doing is injecting all your profits into lot size. So your stop wont change until your account grows? account size*2% right?

Can you post some charts on how your trading these days also? It seems you are not scalping?

dojirock


My stop doesn't change at this point, UNLESS SMALLER ;) because I'm not quite "FIXED" yet. But I do see the light and how it is beneficial for trying to get Hundreds and Hundreds of pip moves......

You can use the exact same strategy on a small $50 account if you have the ability to use less than 10 cent pips OR increase your stop for "option like staying power" (m.o.).

Scalping, day trading, swinging, or........it's all the same.
I can trade m15/5/1 and scalp the piss out of the markets.......OR
I can use W1/D1/H4 and swing trade.......

PRICE IS THE SAME ON ALL TIME FRAMES.
WHAT WORKS ON ONE WILL WORK ON ALL OR IT'S NOT LEGIT.

BUT if your only trying to trade 1-2 candles as M.O. recommends, it's gonna be kinda hard to take any profit after spread on M1. Doh.

Another issue is that the bigger the time frame, the more history behind the levels and the MORE apt they are to bounce/break in a big way. This allows for more profits to be harvested.

Don't sweat that stuff though, stick to what your doing as I was told how to do this 3 friggin years ago. It did NOT compute as I was NOT ready at that time.

Just keep crunching the #'s.........

:twisted:
#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 Feb 08, 2012 5:29 am

(quote:MightyOne)
What usually happens after momentum?

Traders are sitting with profit.

What usually happens when traders are sitting with a profit?

Do you really need to know anything else?

Position in the longer term picture would be nice!

Can you trade chart formations, breakouts, congestion, and trends?

Of course you can...

But that is not what I am talking about here.

To recap:

1. I am a postmomentum trader
2. postmomentum traders wait for movement as a sign of both activity and held profits.
3. We can trade in either direction AFTER movement
4. Our only tools are movement, support, resistance, & retracement.
#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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dojirock
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Postby dojirock » Wed Feb 08, 2012 5:45 am

Heres my 1st shot at understanding this......
Attachments
Space attempt.png
Space attempt.png (136.9 KiB) Viewed 837 times
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Postby dojirock » Wed Feb 08, 2012 5:54 am

After figuring this out...I just want to be sure its about a trading session, which can be made up of 1 to any number of trades until I feel the cycle is done? I am able to trade long and or short in the same cycle, its not about direction its about the space (stops) per trade? Earlier I was under the understanding that SPACE was going long, exit ...wait for a retrace...then enter long again...uni directional..now I see I wasnt on the right track

dojirock
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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