ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Dec 03, 2014 4:27 pm

UJ crash n stash.
Nice Mo-n-Go entry buy setup (little green arrow)
lol

UJCrash.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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Dec 04, 2014 6:51 am

Tim Ferris interview of
Tony Robbins parts 1 & 2.

Interesting:

http://fourhourworkweek.com/2014/10/15/ ... -the-game/


Billionaires ALL avoid losing "their $$" at all costs.
Billionaires ALL risk 1 to make 5. (for example as a minimum)
Billionaires ALL know that they are going to lose on some deals/trades/transactions.
Last edited by prochargedmopar on Fri Dec 05, 2014 6:06 pm, edited 1 time in total.
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Dec 05, 2014 3:40 pm

Getting closer,
Been waiting all week.
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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sun Dec 07, 2014 2:08 am

Predictable Daily Price Action
Image
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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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Re: ProchargedMopar's Trading Trilogy

Postby RicG » Sun Dec 07, 2014 3:13 am

In what respect?
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Re: ProchargedMopar's Trading Trilogy

Postby rourkem » Sun Dec 07, 2014 3:23 pm

Bump please. With respect to which one? Image

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Dec 09, 2014 2:06 pm

RicG wrote:In what respect?


Inside the gold boxes.
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Thu Dec 11, 2014 8:25 am

up $11 last week and $25 so far t his week.
This is gonna take a century. LOL

Where's my space ball???

Screenshot_2014-12-10-20-05-14.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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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Dec 13, 2014 6:48 pm

Procharged's Trader Profile

What do I want?
#1 I must develop a money management mindset which parallels that of a professional gambler. (SpaceBalls)
#2 It is imperative that my losses cause me great laughter!!
#3 I need to have each of my trades (3-5 add entries OR a 3-5 trade sequence) earn 50, 80, or 100% increase on my acct. while risking a maximum 3% of MY margin capital.

Why do I want it?
edit: It's an obsession. :)
#1 So that $$ and “how much” things cost is no longer an issue for Me or my family.
#2 Freedom to do the things that I love when I want to do them............
Trade, Time with family, Weightlifting, and to give both my time and talents to others. Trade for FREE, Teach for FREE, ect.
What kind of trading do I do right now?
#1 Mo n Go:
Macd fast line above water line, Price pulls back to 8/12ema, buy...........rollover @ opposite 10/2 bollinger band if price goes against me. Simple and VERY effective on FxTester.

#2 Buy A/J:
Using the round #'s of 20,40,60,80, and 00 levels.
Rollover 20-40 pips lower.
#3 Take Rob's Trade calls from TFL365.

Is that trading getting me the results that I want?
No, Fear of loss/being wrong AND of missing out has not allowed me to trade what I see and know as true.
What routine do I follow right now on a daily/weekly basis?
Wake up, grab phone, check charts, look at chat room.
Go to PC, scan charts, chat, workout (while watching charts and chat) go to work.
Watch/post charts and take trades when ever possible while at work.
Lately I have started testing much more regularly and almost every day. before it was large chunks and then none for months.
I've taken over 3500 tester trades on EU and AJ last couple yrs.
Who is my support? Who is my accountability partner, who can see my trading?
My wife is a great support but has nothing to do with my trading.
What is the definition of a Class A trade for me?

Class A Mo n Go trades
Image


Who are the people around me and how do they influence my trading?
Current group is that of tfl365.com and all it's members.
Not much influence on trades except some of Rob's trades calls.
Kreslik traders commmunity........M.O.'s postings
Who do I want to be in 12 months, as a trader?
One who has the ability to execute my plan with very few mistakes.
What do I want to have accomplished?
All the above and be trading at bare minimum a $250k acct. starting with a $400-$1000 account.
A “real” trader can scrape together $100 at any time and be financially independent within 4-6mo. NO FEAR


Take a moment, and close your eyes, and think about the trader you want to be in 12 months.
Visualize that trader, having achieved what you wanted to achieve – it’s you, sitting across from you (you’re seeing a version of yourself who has accomplished what you want today).
What do you see?
What do you have in your life?
How are you dressed?
What emotions do you appear to have?
What have you accomplished?
Where are you sitting?
What do you hear?
What are the colors around you?
What equipment do you have?
Are you trading from home? On a semi-permanent vacation?
What people are in your life?
Now, step forward, step inside that person, and feel the room get bright around you, feel the colors become more vibrant and the sounds louder, and the emotions that successful person was feeling – let yourself now feel those.

And answer this question: what did that person who you have become – what did you have to want and believe in order to get what you wanted?
Last edited by prochargedmopar on Sun Dec 14, 2014 2:30 am, edited 2 times in total.
#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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Dec 13, 2014 6:58 pm

SpaceBall Basics

#1 Where am i going?

#2 How am I going to get there?

After answering the first question by looking at a higher timeframe I have a target.

Next I must answer the second question of getting there.
With SpaceBalls I will go one step further by protecting the leverage side of my acct. (My Money) but also maximizing my rewards with the Risk side of the ledger. (Other Peoples Money)
I can be patient and delay gratification for Huge % Gains.

Target must be 3:1 or BETTER trading from Daily chart extremes
(MN/Wk S-R, pointy places)

Start @3% Initial risk. I never lose more than 1/3 (1%) in any attempt to hit my target which gives me 3 cracks at a "win".

100 space/300 pip target for example:
10k acct so lot size starts @ $3 (100 space)

1st target hit makes $900

By re-investing profits I up lot size to
$12 a pip.

Keep in mind, I am still risking ONLY 3% of "my" acct on the 2nd trade of the sequence. Very important.

2nd target hit makes $3600 (with $10k acct base)

!Re-investing!
profits I move lot size up to...?..?.... OOPS. It says $48 a pip BUT trading exotics with a margin requirement of say $350 per $1 pip holds Me to $29 per pip max with 100 pips space.

Now, I am in a "win" situation after 2 steps and NONE of my $300 is now at risk. Even if I "lost" 3 in a row (attempts to get in at an extreme)
I WOULD STILL HAVE MY ORIGINAL $300 RISKED +$2900 xtra IN MY ACCT.
But.

3rd target is hit @$29 a pip.
CHA CHING $8700.00
Total now on risk side of ledger.

$900, $3600, $8700 OR
$13,200

Move over bacon.
New acct balance is $23.200.00!!!

That is a 130% Increase compared to 3% lost if I lose a "trade"
I can continue to trade @$29 a pip with 100 space OR move some over to leverage side OR increase space OR......Options are limitless!!!


Think about it.
#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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