ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 2:26 pm

MightyOne wrote:
Check out this link

What you can’t afford to do is throw away your capital on suboptimal trades."-- Richard Dennis


M.O.
Will you please define trade.
#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 » Wed Jun 17, 2015 2:34 pm

Martingale can work. In a strict range bound market, it can work well but one breakout out of the range against your positions will wipe you out in due time. The second scenario is if the trader has unlimited capital.

Can You Maximize Profits By Adding To Losses?

Adding to your losses is a harmful strategy that can work in the short-term but has a very poor long-term track record. If your trade is losing, the most likely scenario is that your analysis was off or your timing was off but either way, it’s costing you money to stay in the trade and the best move is to exit the trade until the waters calm and you can make sense of the overall landscape.
#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 » Wed Jun 17, 2015 2:38 pm

Can you believe I woke up to my position being stopped out and did NOT go into the market @$2 or $4 a pip to "scalp" the $ back?


Hahahahahah.
You dont understand.
My losses now
CAUSE ME GREAT LAUGHTER.

:lol:
#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 » Wed Jun 17, 2015 2:41 pm

prochargedmopar wrote:This is what I see, next 00 coming up.

I will have to start another position from just below there
as my current position will be taken out -2%.

Next00comingup.png


This analysis is still valid.
#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 » Wed Jun 17, 2015 3:14 pm

prochargedmopar wrote:...
M.O.
Will you please define trade.


Keeping in mind that that is a quote from Richard Dennis and that he has his own definitions I will answer your question.

A trade is the completion of an idea or the total destruction of space.

you don't have to agree with everything, eat what is good and spit out the bones -Joseph Prince

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 3:17 pm

MightyOne wrote:
prochargedmopar wrote:...
M.O.
Will you please define trade.


Keeping in mind that that is a quote from Richard Dennis and that he has his own definitions I will answer your question.

A trade is the completion of an idea or the total destruction of space.

you don't have to agree with everything, eat what is good and spit out the bones -Joseph Prince


DAMN,

I thought I had ya!!!!
:shock:
Good answer.
#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 » Wed Jun 17, 2015 3:26 pm

prochargedmopar wrote:Can you believe I woke up to my position being stopped out and did NOT go into the market @$2 or $4 a pip to "scalp" the $ back?


Hahahahahah.
You dont understand.
My losses now
CAUSE ME GREAT LAUGHTER.

:lol:


You are maturing quickly 8)


Getting crushed doesn't stop you from trying to go long, it just stops you from holding long :lol:

NZDUSDDaily.png
NZDUSDDaily.png (13.75 KiB) Viewed 110 times

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 3:41 pm

New Idea.

Screenshot_2015-06-17-10-41-21.png
Screenshot_2015-06-17-10-41-21.png (162.73 KiB) Viewed 105 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 » Wed Jun 17, 2015 4:44 pm

This is the idea for an accumulation phase.

Next idea will start here OR next level lower with larger lot size.

_20150617_114249.JPG
_20150617_114249.JPG (152.21 KiB) Viewed 94 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 » Wed Jun 17, 2015 4:45 pm

prochargedmopar wrote:Can you believe I woke up to my position being stopped out and did NOT go into the market @$2 or $4 a pip to "scalp" the $ back?


Hahahahahah.
You dont understand.
My losses now
CAUSE ME GREAT LAUGHTER.

:lol:


Edit:
My idea came to completion with a total destruction of space.

;-)
#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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