ProchargedMopar's Trading Trilogy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 11, 2016 2:55 am

From 7.5 yrs ago.
Now I am paying someone to show me how to trade Zlines.
Crazy. Unbelievable.
WTF am I still doing working every day to buy food????
Nuts.
IMG_20161010_215318.jpg
IMG_20161010_215318.jpg (116.21 KiB) Viewed 597 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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby TheRumpledOne » Tue Oct 11, 2016 1:10 pm

prochargedmopar wrote:Gotta love this reply:

LoveThis.png


The 5,000 - 10,000 hour is a bunch of BS.
A gimmick to sell books, tapes, seminars, etc...
Sounds good but not real.

Learn fast:

http://www.kevinhabits.com/disss-and-ca ... any-topic/

http://sebastianmarshall.com/community/110017

Here's the one page (8 1/2 x 11) for trading:



ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.

PRICE ACTION

“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame .

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 12776
Joined: Sun May 14, 2006 9:31 pm
Reputation: 1264
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby TheRumpledOne » Tue Oct 11, 2016 1:58 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 11, 2016 6:50 pm

Finch keeps banking profits, up $54.xx so far but that AN drawdown is a killer.
2nd trade size too large AND too close to first entry.
Ive adjusted robot settings as of last week.

Screenshot_2016-10-11-13-48-02.png
Screenshot_2016-10-11-13-48-02.png (205.22 KiB) Viewed 487 times


IMG_20161011_134748.jpg
IMG_20161011_134748.jpg (43.92 KiB) Viewed 487 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Tue Oct 11, 2016 7:00 pm

Still waiting on NU buy to set up.
Nearer to 70.00 I'd assume.

Screenshot_2016-10-11-13-59-48.png
Screenshot_2016-10-11-13-59-48.png (138.04 KiB) Viewed 486 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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 12, 2016 6:52 am

BDP/WDL

Screenshot_2016-10-12-01-51-50.png
Screenshot_2016-10-12-01-51-50.png (163.82 KiB) Viewed 512 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 12, 2016 3:11 pm

Took a -0.5 pips.
Waiting for another BDP

MinusPoint5Pips.png
MinusPoint5Pips.png (28.54 KiB) Viewed 478 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 12, 2016 3:12 pm

A robot hopium trade in play:

somehow.png
somehow.png (100.01 KiB) Viewed 478 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 12, 2016 3:21 pm

Once the bot was in drawdown I drew some bounce points on the chart.

Did pretty good I'd say.

Trouble is I never used any of them to avg out of the trade.

Also, I still seem to ALWAYS go against market sentiment instead of with it.

A road to destruction.

I do NOT want to trade "bounce points".
I want to ADD @ "bounce points".

Trading is such a pain in my @SS.
To help the robot there cannot be a "second trade".

It must be properly placed and sized by yours truly. NOT the bot.
The first trade would have been easy to get out of, the 2nd being 3x the size and was placed too soon.
Not as easy after that with margin requirements and account size.

Market will now clear out the highs...Yikes

PrettyGoodBouncePoints.png
PrettyGoodBouncePoints.png (51.94 KiB) Viewed 478 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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5973
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 403
Location: Granbury, TX
Gender: Male
Contact:

Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Wed Oct 12, 2016 6:41 pm

Pretty trippy how NZD 5s chart has very few wicks.
All others do.

Screenshot_2016-10-12-12-52-01.png
Screenshot_2016-10-12-12-52-01.png (120.12 KiB) Viewed 458 times


M15 chart.
IMG_20161012_133830.jpg
IMG_20161012_133830.jpg (208.62 KiB) Viewed 458 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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”