ProchargedMopar's Trading Trilogy

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 26, 2014 9:06 pm

Good to see you back, Pro...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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prochargedmopar
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Postby prochargedmopar » Sun Oct 26, 2014 9:12 pm

Looking @ some UJ levels too.
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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 » Sun Oct 26, 2014 9:16 pm

TheRumpledOne wrote:Good to see you back, Pro...


Hi TRO,

Good to see your prepared for the ebo-Acalypse
:)
Been through your area a couple times in past year.
Maybe the next time we head that way for a ski trip I'll bring a bunch of the kids by to check out your ranch!!
They'd have fun running around like madmen.

:shock:
#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 » Sun Oct 26, 2014 10:42 pm

In NU,
Will buy more later.
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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 » Mon Oct 27, 2014 12:29 am

The more things change, the more they stay the same:

Advice from 2009
!!!!!3/2009!!!!!
"MightyOne"
Prices rise and fall by HUNDREDS of pips every day and some how most
every one cannot figure out how to make even 1% per day.

I just dont get it, I really don't :?

So I am going to lay out the frame work for profiting in a such a way
that can be accomplished by anyone:

1. Which way is price likely to move in the long term (more on this later).

2. How small can I make my stops (you would be surprised)

3. Risking 1% per trade/chart enter with the momentum of the small time frame.

4. Exit all when you feel that price is likely to reverse and add that profit to your SL amount less commission.

EXAMPLE: 10 pips = 1%: You make 15 pips on a short and exit as the market starts to reverse. The next trade you risk your initial 10 + the 15 gained from shorting less 1 pip for commission to re enter.

5. Price starts heading in the long term direction and again you get an entry to short on your small TF. You short with your 25 pip stop and the market starts stalling at +7 so you exit (you are at +32).

Price retraces 45 pips and you believe price is again heading south so you short again on you small TF with a 31 pip stop.

7. YOU CAN ONLY EXIT WHILE IN PROFIT OR GET STOPPED OUT!

Price retraces 27 pips and then turns around and plummets 74 pips.

What time frame are your trading? What does that chart look like?
How many bars has it been since you first started shorting?

Trade NO MORE THAN 2 bars of any time frame!

8. You either reach your goal and make 7, 15, 26, 52, or 80%+ on your account or you lose 1%.

By reinvesting profit, having an unwillingness to let price trade to your stop while you are were profit at some point, and by sticking to a goal knowing that PRICE DOES MOVE HUNDREDS OF PIPS EVERY DAY (just about) then you will reach the goals you set out to attain and your losses
will cause you great laughter.

Think and grow rich PRO ;)

Advice from 10/2014:[/I][/U]

Try finding trades from long term extremes using stops between 15 & 90 pips.
Your risk goes up as you expand the box:
15p = 0.75%
30p = 1.50%
45p = 2.25%
60p = 3.00%
75p = 3.75%
90p = 4.50%
You are generally entering when price is within the box for less risk than your maximum risk.

Maybe you are looking at the hourly EU, drag a box down 60 pips from the extreme, & notice that price has reached that lvl in the recent past.
You might use a lower extreme, the highest break-in of the box, to rest a smaller 35 pip box for 1.25% less risk.

Knowing that your extreme is worse than the daily+, your goal might be to capture 25 pips and to re-position with a 60 pip box at reduced risk; you wouldn't do this more than once, it is a 'no other way to reach it' maneuver.

Goal #1 is to own the largest extreme for the least amount of money.

Goal #2 is to own the largest extreme for the least amount of money & the largest lot size.

If you focus on risk, positioning, & lot size then money is the natural result.

When should you just take the money?

1. you don't have a daily+ trend
2. price is going up, but like this: "<"
3. a sudden & 'crazy big' mbar

otherwise just keep pushing your lot size up and focus on maintaining good positioning along the HTF extremes.
M.O.


In other words. Stick to the $*&@ plan. :)
#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 Oct 27, 2014 12:32 am

And this has haunted me in my sleep for years. Hell, even while I'm awake.

By MightyOne:

How powerful is color that we should buy if it's green or sell if it's red?
How powerful is the line that leads us to believe that price is supported or resisted?

EVERY OBJECT ON YOUR CHART HAS A POWERFUL IMPACT ON YOUR PERCEPTION!

If you sat down to trade and bought on a green candle could it decline or change to red before it closes?

h1/h4/D1/W1/Y1, what do these mean to you?

No matter the time frame and no matter the color price will either go up or go down from the time you sit down to trade to the time you get up.

In the beginning it may go up and down, but price cannot run horizontally for long periods of time in fact price moves up or down by hundreds of pips most every day.

Do you want hundreds of pips?

The secret to surviving is to re-invest your gains into your stop, Let price retrace and then trade in the same direction with the larger stop.
Keep reinvesting your profits into your stop and do not exit without new profits or move your stop closer. (THIS IS ONLY PART OF MAKING $$, pro)

WHAT EVER YOU ARE RISKING YOU ARE RISKING

If you risk 2% over 10 pips and add 20 pips in profit then you are risking the initial 10 and the 20 pips for a 30sl.
If you risk 10 pips every trade without inflating it with profit then you may find your self getting whipsawed and no one can recover from that.

If you increase your SL to 20 and then take 20 pips in profit then you are going to risk all of your profit on the next trade for another medeocre profit.
Even if you made 40 pips you are risking 1/2 your profit and for what a 2:1 return?
Even if you go for big pips you just sliced your profit potential in 1/2.
(HE'S GETTING CLOSER..............pro)

By reinvesting your profit back into your stop you give your self "option like" staying power.
You use your day trading abilities to make a push on the small tf and then you retreat (stay out DO NOT REVERSE) as the animals give chase. Add more pips to your armor and then advance.

Keep retreating, adding, retreating, & adding until you reach your goal or your line dissolves.

What line?

The line that tells you which way you are trading!
This one.......................

You are not here trying to make baby pips(there is another forum for that) you are trying to drain all the cash right out of the pockets of hte Illuminati.


Risking even 0.5% per trade and re-investing profits until you reach your goal is enough to make the same as a trader risking 5% per trade in and out of the markets.
#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 Oct 27, 2014 2:07 am

Quick Mo n Go scalp AJ for 10 and a limit buy on AN going for 300.
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AN300Target.png
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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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Postby prochargedmopar » Tue Oct 28, 2014 1:12 pm

Not cooperating, was suppose to pull back.
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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 Oct 28, 2014 2:50 pm

Cadchf acting nutty.
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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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Postby MightyOne » Tue Oct 28, 2014 6:35 pm

When I draw a 35 pip box, from an extreme, I am saying that I am willing to pay as much as 35 (whatever that is in risk) for the extreme.

Now I don't want to pay 35, I would like the extreme for 0 if possible :P
I will pay any price up to 35 and not a penny more.

I use triangles/channels...these "diamonds of perception" to explain price action.
I use horizontal lines to clarify direction.
I use extremes for staying power.
I use box sizes to determine my maximum price before I start bidding.

When you find yourself in a comfortable position, a solid position with a respectable lot size, then click to a higher chart.
If the movement/trend on the large chart seems like it is decaying then fall back to a small chart to see what is going on.

The further you are into a long term trend the more you disregard current PA until there is a final push of some kind or obvious long term congestion where you can stop and make 50-70 pips up and down for a while.

Lastly, internalize everything, hear & bury within, always leave room for your own thoughts as this leads to growth.




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