ProchargedMopar's Trading Trilogy

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prochargedmopar
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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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Re: ProchargedMopar's Trading Trilogy

Postby MightyOne » Sun Jan 10, 2016 6:06 pm

prochargedmopar wrote: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:


I buy 1 ticket to give God the option of picking me :)

I see people around me buying hundreds of tickets & I just shake my head.

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Mon Jan 11, 2016 4:20 am

#1. Help provide basic needs for my wife and children which means I must continue my slavery of choice until further notice.
(=>$150 a day OR 50yo which ever comes first)

#2 Show love and respect to my family and all that it entails on the Daailleey.

#3. Double lot size every trade.
Get myself into a financial position of "unlimited wealth" via trading off 2+ daily extremes. Using the m30 chart for entries and taking steps toward this goal by the use of 12% way points.

Plan is to trade 1:1 doubling lot size after each entry.
4 transactions to a reset. Base risk is 1%.
(eg. $4 per $400). 1,2,4,8 done.

AU NU EN UCad
AJ trades taken off 2+ h4 extremes using m5

#4. Continue weight training daily.

×××
I have no idea if it's possible for me to win 4 in a row using something like 40sl/40tp-30/30-etc.
If I cant win 4 in a row using 1:1 then 3 in a row using 1:3 is a pipe dream.
Last edited by prochargedmopar on Mon Jan 11, 2016 6:57 am, edited 4 times 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 » Mon Jan 11, 2016 4:52 am

Thats one.
40 pips x700 units.
Next step 1400 units.

_20160110_225159.JPG
_20160110_225159.JPG (226.1 KiB) Viewed 367 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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