ProchargedMopar's Trading Trilogy

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prochargedmopar
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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:

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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
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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 » 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
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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 » 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 4:56 pm

When price closes above .6950 I will be able to increase my lot size more than double by normalizing risk to just below the low extreme.

Damn jibberish.

Hahaha

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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 » Wed Jun 17, 2015 5:04 pm

This is freakn me out.

look at Tallinex margin used on my first 2 space trades with that acct.
WHAT?!?!

Guess it is 200:1

LOL

FirstSpaceTrades.png
FirstSpaceTrades.png (32.94 KiB) Viewed 273 times


That NJ entry will be closed quickly as I looked @ a daily chart and it is NOT a good 'position'.
#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 » Wed Jun 17, 2015 5:44 pm

Pairs used for Accumulation:

SpacePairsLineup.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 aliassmith » Wed Jun 17, 2015 6:23 pm

MightyOne wrote:
You say to double a $0.20/pip. When would you do that, When you accum. 35 pips or 50 pips?


If you feel comfortable with a stop that is closer to the current price then increase your pip value and normalize risk.

At a minimum you should increase your pip value by 50% prior to taking profit & then re-enter with your last lot size
and complete the cycle.

You do it like this:
$0.20 ---> $0.40 ---> $0.60 ---> $1.20 ---> $1.80
or this:
$0.20 ---> $0.30 ---> $0.60 ---> $0.90 ---> $1.80
So that you can do this:
$0.20
$0.60
$1.80
$5.40
$16.20
$48.60
$145.80/pip

Check out this link

"You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades."-- Richard Dennis


Ok I see what you are saying. You are either going
to need to close your trade to increase pip size or
cut space. Need to manage that SL.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Jun 17, 2015 6:27 pm

Say Hello to my little friend.

:smt070 :smt071

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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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