ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri May 22, 2015 10:41 pm

The difference between top-notch winning traders and those who barely get by is the attitude they take toward losses.

The winning trader knows how to take losses in stride. As fictional character Jesse Livermore notes in Reminiscences of a Stock Operator, "Losing money is the least of my troubles. A loss never bothers me after I take it. I forget it overnight."

http://www.tradingeducators.com/trading ... dition572/
#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 prochargedmopar » Sat May 23, 2015 5:02 am

The ever amazing M.O.

"Price cannot rise on wicks".
"Body in direction of profit, Wick in direction of loss".
"Trading is placing and trailing (increasing reward) stops from a longer term extreme".

Trading Philosophy at its best.
#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 prochargedmopar » Mon May 25, 2015 6:21 am

300 pip space will be reduced to 100 @next 50 level lower.


Screenshot_2015-05-25-01-18-25.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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon May 25, 2015 4:09 pm

11 hrs later
Must be holiday price action. Let me know when the paint is dry.

Finished new floor (17hr project was up till 2:45am fri) in master bedroom.
Finished new metal roof on soon to be chicken coop.
Finished mowing.

Had an excellent 12yo helper all the way.
This kid is different than the other 4. Boy works.
Now going to repair a couple trailers one of which he is going to use for his mowing business.
He stripped that thing to the frame while I was @work.
:shock:

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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 prochargedmopar » Mon May 25, 2015 9:59 pm

I do not seem to be making any progress after years of dinkn and dunkn on small charts.

So that's it, I'm all in.
SpaceBalls or Bust!

Where am I going?
UP on a D1+ chart.

How am I going to get there?
Buy low.

What is low?
Price pulls back And/OR breaks out on a smaller timeframe when D1 is at a D2+ extreme.

What is a smaller timeframe?
M15-H1 charts

What pairs?
EU, NU, and Ucad

Risk of margin equity per trade is 3% or LESS.
Target before reset: 100%

Note.
the above trade on NU actually has ONLY 200 pips of space with current 12 cents per pip lot size.
Price is also currently @ a 79+ day extreme. LOL oops.
#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 Goonslinger » Tue May 26, 2015 10:41 am

Doesn't a 100% target require either an amazing position and/or aggressive scaling?
"So let it be written; so let it be done."

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Tue May 26, 2015 3:33 pm

Goonslinger wrote:Doesn't a 100% target require either an amazing position and/or aggressive scaling?


How many pips must price move at different amounts of leverage to reach a %goal?
What is the average W1 range?
What are the W2 ranges?

(50:1)
100%: 200p
58%: 116
39%: 78
(30:1)
100%: 333
58%: 193
39%: 130
(20:1)
100%: 500
58%: 291
39%: 195
(10:1)
100%: 1000
58%: 580
39%: 390

Yes, reaching targets requires position at a long term extreme and accumulation; there is no way around this.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue May 26, 2015 3:42 pm

While waiting on NU to turn Ill take some free pips AJ.

Screenshot_2015-05-26-10-40-22.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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue May 26, 2015 3:43 pm

NU not looking too good.

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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 » Tue May 26, 2015 4:19 pm

This is not good.
On a monthly chart I would not consider buying NU for 380 MORE pips lower.

Hmmmmm

If the weekly chart "line" does not hold in this area.
It's BUST on first SPACE attempt.
Me and my bright ideas.

Good thing I'm "lucky" on AJ and have other accounts available. Muuaaahahahahahah

NotGood.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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