ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 2:51 pm

TygerKrane wrote:
MightyOne wrote:$5 over 40 pips = $10 over 20 = $20 over 10 = $40 over 5 = $80 over 2.5 = $100 over 2 = $200 over 1


For whatever reason, what I thought when I read MightyOne's post was:

$5 perpip over 40 pips
=
$10 perpip over 20 pips
=
$20 perpip over 10 pips
=
$40 perpip over 5 pips
=
$80 perpip over 2.5 pips
=
$100 perpip over 2 pips
=
$200 perpip over 1 pip

:idea:


Me too. I would assume as you accumulate OPM each pip becomes worth the above said value.

A 50 pip rocket blast would then be worth our time.
$200x50-$10k
#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 dchappy » Sat Jan 09, 2016 3:11 pm

prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jan 09, 2016 6:04 pm

TygerKrane wrote:

For whatever reason, what I thought when I read MightyOne's post was:

$5 perpip over 40 pips
=
$10 perpip over 20 pips
=
$20 perpip over 10 pips
=
$40 perpip over 5 pips
=
$80 perpip over 2.5 pips
=
$100 perpip over 2 pips
=
$200 perpip over 1 pip

:idea:


Maybe you just know my style by now, because that is what I meant to say :lol:

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 6:08 pm

dchappy wrote:
prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.


link page not found.

But I can answer your question.

Taking a BIG or BiG losses.
#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 Jan 09, 2016 6:59 pm

dchappy wrote:
prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.


That link is not working for me dchappy (page not found).

I do something similar through doubling.

Risk box starts at 40 pips (say $40)
1 double: rb is 20 ($2 * 20)
2 doubles: rb is 10 ($4 * 10)
3 doubles: rb is 5 ($8 * 5)

All of my gains/losses are recorded in "big pips" ($8/pip, target size).

0 doubles: 0.125 "big pips"/pip
1 double: 0.25 "big pips"/pip
2 doubles: 0.50 "big pips"/pip
3 doubles: 1 "big pip"/pip

The question is the same: how easily can your target size wipe out previous losses and show a profit?

Some people think that they can afford to lose hundreds of pips because they are using a small size :lol:
If I lose 400 pips, at my smallest size, where each pip is 0.125 "big pips", then that is -50 "Big Pips"!
Do the math, you can't afford multiple multi-hundred pip losses at any size; you will spend all of your time
trying to break even.

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Re: ProchargedMopar's Trading Trilogy

Postby Goonslinger » Sat Jan 09, 2016 7:14 pm

"So let it be written; so let it be done."

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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sat Jan 09, 2016 7:28 pm

Goonslinger wrote:https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.html


.html was missing.


Thanks :smt023

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 09, 2016 7:37 pm

You wanna counter trend from the h1 or h4 charts?

BETTER be on Fridays.

https://tradewavequant.wordpress.com/20 ... ter-trend/
#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 » Sat Jan 09, 2016 8:00 pm

prochargedmopar wrote:You wanna counter trend from the h1 or h4 charts?

BETTER be on Fridays.

https://tradewavequant.wordpress.com/20 ... ter-trend/


TRO does your analysis confirm this too?
#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 Jan 10, 2016 5:04 pm

1.3B + next drawing.
I'll buy A $2 ticket for that.

I searched wiki and it appears this will be the 2nd largest jackpot in world history.

Looks like a spanish christmas lotto in 2012 reached 3+ billion (u.s.$)

Buying 1 or 1000 tickets is effectively the same odds of winning

Buying 250 million tickets would give approximate 1 in 4 chance of winning.

Considering the $ they are pulling in (about double payout) AND the fact 40% is given back in taxes.

Lottos are almost as good as a ponzi scheme.
:shock: :shock:
#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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