ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Sep 04, 2015 1:54 pm

Via rbooker

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

_20150904_085254.JPG
_20150904_085254.JPG (121.78 KiB) Viewed 563 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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aliassmith
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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.

crossabove.png
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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 489 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

User avatar
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
goodluck.png (79 KiB) Viewed 489 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

aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Sat Sep 05, 2015 4:42 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.


So .02% is your value per pip? With a 40pips stop you risk
.8% of your account.

Yes it is less risky to trade seriously verses haphazardly with any size account. :D
Trade Your Way as Long as It Makes Money!

aliassmith
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Re: ProchargedMopar's Trading Trilogy

Postby aliassmith » Sat Sep 05, 2015 5:23 am

prochargedmopar wrote:Via Rob Booker email

_20150831_133445.JPG


" I don't want to survive, I want to live!"

If this is someone's view on trading its dumb. [-X
If you don't survive you can't live when it comes to
risk and trading. You can not live unless you survive.

Sounds like some marketing crap to me.
Trade Your Way as Long as It Makes Money!

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