ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Sep 04, 2015 1:31 pm

Why?

More importantly How?

Why would I have a scalping account yet be down 1000 pips on a trade?

7.5 yrs interacting with forex and this is the best I have to offer?

WTF?

Screenshot_2015-09-04-08-31-24.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 » Fri Sep 04, 2015 1:47 pm

Holy smokes this is funny.
Ask the Gods and yee shall receive.

This just came in my inbox a min ago.
Yer shittin me. LMAO

_20150904_084614.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 » Fri Sep 04, 2015 1:54 pm

Via rbooker

At least I blame the guy tapping my screen when I lose.
This is ridiculous.

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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 » Fri Sep 04, 2015 3:33 pm

prochargedmopar wrote:Why?

More importantly How?

Why would I have a scalping account yet be down 1000 pips on a trade?

7.5 yrs interacting with forex and this is the best I have to offer?

WTF?

Screenshot_2015-09-04-08-31-24.png


You MUST have defined risk in $ and pips. ALWAY set
your stop loss and NEVER add to a loss. :idea:
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Sep 04, 2015 4:35 pm

When price crosses above this trendline
OR I get a strong close above the 5ema.
I am going to buy with MAX margin.

More risk is more risk. Yes it is.

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Last edited by prochargedmopar on Fri Sep 04, 2015 4:38 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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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Sep 04, 2015 4:37 pm

aliassmith wrote:
prochargedmopar wrote:Why?

More importantly How?

Why would I have a scalping account yet be down 1000 pips on a trade?

7.5 yrs interacting with forex and this is the best I have to offer?

WTF?

Screenshot_2015-09-04-08-31-24.png


You MUST have defined risk in $ and pips. ALWAY set
your stop loss and NEVER add to a loss. :idea:


It appears my max risk in pips and $ amount on this AJ trade is the
ENTIRE account.

](*,)
#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 » Fri Sep 04, 2015 6:21 pm

prochargedmopar wrote:
It appears my max risk in pips and $ amount on this AJ trade is the
ENTIRE account.

](*,)


If you are forced to reduce your position size then all of your losses are multiplied; if you lose 100 pips
and drop your size from 3 units to 2 then your total loss is now 150 pips (at 2 units).

If you lose another 100 pips and reduce from 2 units to 1 unit then your total loss is now 500 pips; you lost 200 but you're down 500!

It is critical that you maintain & increase your account & position size; you should have a regression method in place but it should be catastrophic.

Be frugal with your account balance, value every tenth of a percent, but be generous with the influx
of space & willing to spend it all.

As a market wizard once said "If I valued every dollar (OPM) then I wouldn't make any money"

It is less risky to trade $6.000 seriously than it is to trade $1.000 haphazardly.

Start at minimum size, 0.02% of your account size, and accumulate only what is needed to bring the
target to within range of a daily candle.

There are a million people who are smarter than I am but few people who are more creative; let other people carry you where you are weak & carry others where they are weak.

As cool as it is to be a lone wolf, success is usually a team effort.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Sep 05, 2015 12:26 am

I was forewarned about the Aud.


http://us7.campaign-archive2.com/?u=5c5 ... 29c11ac12f

And then Jpy ends the day at the top in strength.

JpyStrong.png
JpyStrong.png (20.43 KiB) Viewed 520 times


Boy,
I'm sure most would say I need to exit this business.
Yiko's.
#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 Sep 05, 2015 12:28 am

MightyOne wrote:
prochargedmopar wrote:
It appears my max risk in pips and $ amount on this AJ trade is the
ENTIRE account.

](*,)


If you are forced to reduce your position size then all of your losses are multiplied; if you lose 100 pips
and drop your size from 3 units to 2 then your total loss is now 150 pips (at 2 units).

If you lose another 100 pips and reduce from 2 units to 1 unit then your total loss is now 500 pips; you lost 200 but you're down 500!

It is critical that you maintain & increase your account & position size; you should have a regression method in place but it should be catastrophic.

Be frugal with your account balance, value every tenth of a percent, but be generous with the influx
of space & willing to spend it all.

As a market wizard once said "If I valued every dollar (OPM) then I wouldn't make any money"

It is less risky to trade $6.000 seriously than it is to trade $1.000 haphazardly.

Start at minimum size, 0.02% of your account size, and accumulate only what is needed to bring the
target to within range of a daily candle.

There are a million people who are smarter than I am but few people who are more creative; let other people carry you where you are weak & carry others where they are weak.

As cool as it is to be a lone wolf, success is usually a team effort.


I start my accumulation with "one" unit not 3...1000 actual units on Oanda being equal to 1.
So,
if I get to a point where I can't trade @ 1 "unit" I'll add some $$.
#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 Sep 05, 2015 12:36 am

Ha,
Good luck, your gonna need it.
LOL

goodluck.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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