ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Mar 19, 2021 6:49 pm

Entry on the Break.
2nd chance entry at zero line.

MO says "you've got all day to enter"
Or something like that.

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#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 TheRumpledOne » Fri Mar 19, 2021 7:01 pm

Hey Pro, would you please share your template (and indicators, too, if allowable)? Thanks.
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.

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Mar 19, 2021 7:06 pm

eu4.JPG
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#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 aliassmith » Fri Mar 19, 2021 9:05 pm

TheRumpledOne wrote:Hey Pro, would you please share your template (and indicators, too, if allowable)? Thanks.


He modifed his Fib like mine and the other stuff is him adding objects manually.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Fri Mar 19, 2021 10:42 pm

That's a markup wrapup.

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#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 Mar 19, 2021 10:46 pm

TheRumpledOne wrote:Hey Pro, would you please share your template (and indicators, too, if allowable)? Thanks.


Share with who?
Pretty basic, Only 2 of each
Opens indy marks the London and NY opens.
Sweetspots gold set for HTF is 50/00 and Lower TF is 10/00's

If I'm watching the Dead Horse I'll add a 20sma.

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Last edited by prochargedmopar on Sat Mar 20, 2021 12:57 am, 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 Mar 19, 2021 10:49 pm

TheRumpledOne wrote:Hey Pro, would you please share your template (and indicators, too, if allowable)? Thanks.


Oh,
The fib tool?

Start with 0 and go from there.......
The stop is +1 the rest are all minus X

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#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 Mar 20, 2021 12:54 am

prochargedmopar wrote:
TheRumpledOne wrote:Hey Pro, would you please share your template (and indicators, too, if allowable)? Thanks.


Share with who?
Pretty basic, Only 2 of each
Opens indy marks the London and NY opens.
Sweetspots Gold set for HTF is 50/00 levels and Lower TF is 10/00's

If I'm watching the Dead Horse I'll add a 20sma.

TROIndicators.JPG


Oops, quoted instead of just editing above.
#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 Mar 20, 2021 1:51 am

MightyOne wrote:
prochargedmopar wrote:Its NOT my $$.

I tell you to risk little but then I tell you to risk everything...It just doesnt make sense.
Paraphrased MightyOne

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(2015)

If you are going to paraphrase me then say something like "risk zero, target zero"

"More risk is more risk, more profit is more profit."

"If your position size is not growing then you are doing it wrong"
Last edited by prochargedmopar on Sat Mar 20, 2021 1:57 am, 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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prochargedmopar
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Re:

Postby prochargedmopar » Sat Mar 20, 2021 1:56 am

jhtumblin wrote:Pro, (2009)

I know you are struggling some with accepting losses right now. A few ideas for you to think about.

My mentor once told me, "The best traders are great losers." I thought he was crazy at the time and it took awhile for me to understand what exactly that meant, but it is completely true.

I preach and preach about money management. Any time someone wants me to teach them how to trade, or when they come to sit and watch me for the day, it's all I emphasize and often times people walk away unimpressed by my lectures because they have no idea how important it is. The true fact is that even if a new trader tells me they understand MM, they will still screw up repeatedly and after listening to their thoughts on trading they are still always looking for a better entry/exit method. Management is not sexy, nobody wants to think about it, it doesn't fit into the idea of a holy grail.

Everyone needs to understand this: Money Management IS your entry and exit method. Good management= a trade with positive expectancy which has a tolerable risk. Bad management= a trade with unknown expectancy, intolerable risk, or both. I don't care if you throw darts at your computer screen to choose your trade direction, as long as you manage it properly and that includes choosing whether take the trade in the first place....guess what? You will profit...consistently!

Now where does this fit in to our discussion? You will lose....it's not unfortunate, that's just how it is. Back to my mentor's message. If you don't lose when you are supposed to, you are a bad manager and will be at some point, a broke trader. In your list of stop options, A. Was definitely the correct choice, always live to fight another day. If you are wounded you can heal. If you are dead, well you're just dead.

Be happy about hitting the trade button to close a losing position, because it means only one thing.........your broker didn't have to close it for you.
#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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