free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

MightyOne wrote:
prochargedmopar wrote:Something more like this will be much better.
3-4mp risk box

Space is the total amount of risk that you have to work with.
A Risk-box is the portion of space that you have at risk.

Think about how much further away your target will be if you destroy
If I lose 40 pips then I have to make 5 more P\$PS to reach
my waypoint.
If I were to lose 600 pips at even 1/3 of the \$min then I would have to
make up 25 P%PS; and that is why I say that you cannot afford multi-hundred
pip losses at ANY SIZE.
25 "big pips" might not seem like a lot, but if you keep delaying your waypoints
like that then you will lose the momentum required to reach a zero.

With my new MM, destroying space 3 times will move the waypoint from 72 to 88 P\$PS;
I did this that the targets might stay in the daily range.

It is much higher probability for me personally to capture 6-8 macros than it is to grab 20-30.

No doubt.

I was up over 10 on my au and 6+ on my NU entry.
Instead of closing things out @ "even" ( the losers battle cry)
I would be moving to next double.
Last edited by prochargedmopar on Tue Feb 02, 2016 12:44 am, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

IMG_20160201_155513.jpg

So upon further instruction my entry was invalid.

#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

Went long here ucad on 100 day engagement acct.

Screenshot_2016-02-01-22-31-25.png (128.92 KiB) Viewed 1042 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

Sleeping sucks,

Was up 78, wake up to 39. Now what?

Screenshot_2016-02-02-10-16-48.png (150.32 KiB) Viewed 1003 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

If I close 500 units here, 100 must be in market 80 more days, next engagement would be 1000 units.

Screenshot_2016-02-02-19-58-30.png (200.09 KiB) Viewed 949 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

Damn,
I was so close to tappin that!!!

IMG_20160202_200544.jpg (220.77 KiB) Viewed 949 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

I dont know what to do.

Am I a macro pipper going for intraday ranges?
Do I take trades that are only 3:1 and space ball em' in sets of 3?
Maybe Im a scalper?
No wonder ive been a failure.

Uuuuuuuugh!

Screenshot_2016-02-02-21-32-09.png (197.12 KiB) Viewed 945 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

History,
The dregs...

IMG_20160202_234710.jpg (165.39 KiB) Viewed 891 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!

MightyOne
rank: 5000+ posts
Posts: 5740
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 967
Gender:

I dont know what to do.

Am I a macro pipper going for intraday ranges?
Do I take trades that are only 3:1 and space ball em' in sets of 3?
Maybe Im a scalper?
No wonder ive been a failure.

Uuuuuuuugh!

You are the controller of risk & maximizer of reward; that is who you are & that is what you do.

Do not put labels on yourself, simply be the person who plans trades & trades plans.

prochargedmopar
rank: 5000+ posts
Posts: 5779
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 210
Location: Granbury, TX
Gender:
Contact:

Dudes,

Moved tp waaay up yesterday and fxtrade also moved up my sl. New SL then got hit while sleeping and now price is near my tp level.

Also, another 100 pips profit trade on ucad and it stopped out too.

Not like \$4.50 in losses is gonna do anything to my lifestyle but its Bullshzit.

Fukit.
Last edited by prochargedmopar on Wed Feb 03, 2016 5:45 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!