ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jun 06, 2015 3:57 pm

MightyOne wrote:Position, lot size, expansion <--- which one do you not understand?

The first step is to focus all of your energy on POSITION.

Next you focus on LOT SIZE while evaluating the strength of your position.

The last step is the markets job to complete.

Creativity (experience & strategy) is often used to get the job done.
#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 MightyOne » Sat Jun 06, 2015 4:19 pm

prochargedmopar wrote:
MightyOne wrote:
Large charts are by far the easiest to trade;

I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids :D

Now I believe that best way is to find balance between minor & major chart periods.


But TRO says,
"price is the same on all timeframes".
\:D/


Price is the same on all time frames but if price alone were sufficient then one would not need to use statistics; and what do bodies/wicks show but probabilities favoring one side of a line or other over a given period of time.

Price has an important role and so do pips, but my focus is time & space as one needs to literally warp the fabric of the universe to achieve the 'impossible'. :lol:

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Re: ProchargedMopar's Trading Trilogy

Postby Goonslinger » Sat Jun 06, 2015 4:32 pm

Will learning quantum mechanics help with trading? :P
"So let it be written; so let it be done."

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jun 06, 2015 5:13 pm

Goonslinger wrote:Will learning quantum mechanics help with trading? :P


Fortunately for us it is as easy as visualizing what happens when we alter our trade size & then
changing our 'space' to satisfy a strategy or an idea.

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Re: ProchargedMopar's Trading Trilogy

Postby Captain Pugwash » Sat Jun 06, 2015 9:27 pm

MightyOne wrote:
Price is the same on all time frames but if price alone were sufficient then one would not need to use statistics; and what do bodies/wicks show but probabilities favoring one side of a line or other over a given period of time.




I must be the slowest person here :oops: :oops: :oops: - I homed in myself, only this weekend, on the reason behind your bodies/wicks words.

And now, on the same weekend, you have the audacity to post the "why" of it :lol:

apologies if you posted this before - my speed reading is sh*te

really nice and simply put MO - thankee
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sun Jun 07, 2015 2:14 am

Ph. repair had to be put on hold...it's up next.

This is the life of someone trading with SPACE.
Plenty of time to do whatever.

12yo helper...and boy does he LOVE to work. Different than any of the other 4.
Mr.PipRoofing.jpg
Mr.PipRoofing.jpg (165.37 KiB) Viewed 329 times


Why his name is Mr. Pip.
Mr.PIp.jpg
Mr.PIp.jpg (237 KiB) Viewed 329 times


Our 16 yo with his NEW driving permit attempting to get out of the driveway.
Oops.
16yoNewPermit.jpg
16yoNewPermit.jpg (214.9 KiB) Viewed 329 times


What's funny is 12 yo Mr.Pip drove down to the old house and back twice today in a stick shift...smooth as silk.
#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 Jun 07, 2015 2:52 am

Hold up, break time.
Bbq burgers and Smores goin down the hatch.
:smt096

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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 » Sun Jun 07, 2015 3:01 am

Interesting note.

Our church runs about 100 a sunday.
We (they) bought 5 acres property on a main road for $240k and paid it off in 2.5ys.

We just recently got written commitments of this sum to start a new church building.

They call it sacrificial giving.
If you can give easily its not sacrificial.

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_20150606_215558.JPG (140.84 KiB) Viewed 328 times
#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 Jun 07, 2015 3:09 am

Yeah.
I know this bad boy is not low carb.
lol
:shock:


_20150606_220807.JPG
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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 » Sun Jun 07, 2015 5:49 am

MightyOne wrote:
It is very hard to consistently make more pips than you lose.

When you make 20 pips, you should have 25-30 or 60+ space to work with.
And when you are down to your last 10 pips then you should find the stored space in your lots:

"I can increase my lot size on a RET to a crazy number, lose everything to my last 10 pips,......and still have more space than I started with?"

YES.

It is less risky to increase your lot size (on a ret) than it is to leave it unchanged.
#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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