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prochargedmopar
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Postby prochargedmopar » Fri Sep 18, 2009 12:31 am

what am I thinking?

Playing a 10 pip channel with a m5 chart...... Lunacy. I think this calls for a 15 tick chart. LOL WTha?
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Postby prochargedmopar » Fri Sep 18, 2009 4:42 pm

+96.4
Week Total:
+334.3

Another really rough day, I actually thought for a minute I might end the day with -pips!!!!
I had hell during London session, ended with -2 pips. I'd get up and then bam, right back down.....was like a seesaw......guess you'd call that whipsaw....LOL

Then comes NY. Got into the wrong side of a g/u drop but it was close to it's final destination..(temporal)...bailed out of it with +5ish and then took the run back to the breakout for some good pips. Didn't hold near enough because it dropped another 40. Wow, I actually traded with the trend??? Once.

The rest were reversal scalps off breakouts.
I am not at all happy with my entries and I do not like win/loss ratio either....
Very stinky.


GBP/USD 1 B 1.62407 1.62436 2.9 0.29 0.00 9/18/2009 12:08 9/18/2009 12:09
EUR/JPY 1 B 134.232 134.251 1.9 0.21 0.00 9/18/2009 12:08 9/18/2009 12:09
GBP/USD 1 S 1.62949 1.62805 14.4 1.44 0.00 9/18/2009 11:00 9/18/2009 11:33
GBP/USD 1 S 1.62949 1.62779 17 1.70 0.00 9/18/2009 11:00 9/18/2009 11:17
GBP/USD 1 S 1.62819 1.62779 4 0.40 0.00 9/18/2009 10:59 9/18/2009 11:17
GBP/JPY 1 S 148.720 148.591 12.9 1.41 0.00 9/18/2009 11:00 9/18/2009 11:17
GBP/JPY 1 S 148.622 148.591 3.1 0.34 0.00 9/18/2009 10:59 9/18/2009 11:17
GBP/USD 1 S 1.62892 1.62788 10.4 1.04 0.00 9/18/2009 10:55 9/18/2009 11:17
GBP/USD 5 S 1.62909 1.62910 -0.1 -0.05 0.00 9/18/2009 10:54 9/18/2009 10:55
GBP/USD 1 B 1.62786 1.62868 8.2 0.82 0.00 9/18/2009 10:07 9/18/2009 10:53
GBP/USD 1 B 1.62989 1.62868 -12.1 -1.21 0.00 9/18/2009 10:07 9/18/2009 10:53
GBP/USD 1 B 1.62662 1.62868 20.6 2.06 0.00 9/18/2009 10:17 9/18/2009 10:53
GBP/USD 1 B 1.62745 1.62868 12.3 1.23 0.00 9/18/2009 10:12 9/18/2009 10:53
GBP/USD 1 B 1.63033 1.62868 -16.5 -1.65 0.00 9/18/2009 10:06 9/18/2009 10:53
GBP/JPY 1 B 148.744 148.773 2.9 0.32 0.00 9/18/2009 10:36 9/18/2009 10:36
EUR/JPY 3 B 134.315 134.308 -0.7 -0.23 0.00 9/18/2009 07:52 9/18/2009 08:05
EUR/JPY 3 S 134.268 134.315 -4.7 -1.54 0.00 9/18/2009 07:50 9/18/2009 07:52
GBP/USD 3 S 1.63581 1.63521 6 1.80 0.00 9/18/2009 07:44 9/18/2009 07:51
EUR/JPY 12 S 134.228 134.200 2.8 3.68 0.00 9/18/2009 07:03 9/18/2009 07:05
EUR/JPY 6 S 134.228 134.200 2.8 1.84 0.00 9/18/2009 07:03 9/18/2009 07:05
EUR/JPY 3 B 134.265 134.228 -3.7 -1.22 0.00 9/18/2009 06:57 9/18/2009 07:03
EUR/JPY 3 B 134.255 134.228 -2.7 -0.89 0.00 9/18/2009 06:57 9/18/2009 07:03
EUR/JPY 3 S 134.208 134.265 -5.7 -1.87 0.00 9/18/2009 06:54 9/18/2009 06:57
EUR/JPY 3 B 134.269 134.212 -5.7 -1.87 0.00 9/18/2009 06:44 9/18/2009 06:54
EUR/JPY 3 S 134.286 134.218 6.8 2.23 0.00 9/18/2009 06:07 9/18/2009 06:20
EUR/JPY 3 S 134.263 134.218 4.5 1.48 0.00 9/18/2009 06:13 9/18/2009 06:20
EUR/JPY 3 B 133.790 133.825 3.5 1.15 0.00 9/18/2009 04:19 9/18/2009 04:20
EUR/JPY 3 B 133.787 133.825 3.8 1.25 0.00 9/18/2009 04:19 9/18/2009 04:20
EUR/JPY 3 B 133.785 133.825 4 1.31 0.00 9/18/2009 04:19 9/18/2009 04:20
EUR/JPY 3 B 133.790 133.825 3.5 1.15 0.00 9/18/2009 04:19 9/18/2009 04:20
76 96.4 16.62 0.00
#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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Postby dchappy » Fri Sep 18, 2009 9:07 pm

Pro , your killin me ...I consider any day over 20 pips a home run ..

Great job man :D

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Postby prochargedmopar » Sat Sep 19, 2009 2:29 am

Written by TRO:

THOUGHTS TO PONDER OVER THE WEEKEND


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

================================================

Although there are other 'regular' phenomena that can be observed on all time frames, I am using two of them in my personal approach - so I will incorporate their discussion in the thread - or better leave you with possible ideas behind constructing an edge for yourself.

If you find a specific repeating pattern in the market, you can assume that it will happen with higher frequency in lower time frames. Although you would gain more opportunities by looking at the lower time frame, each opportunity yields a smaller return on average compared to looking at the same pattern, one or more time frames up in the scale. That is a point worth considering in terms of your possible style of trading.

Now, 2 patterns of market behaviour 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 (with the obvious limitations explained above)

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

H. Rearden

================================================

Choose You Advice Carefully

"Since your mind is your most valuable asset and your most valuable lever, you need to be careful what you put in it. Sometimes it is even more difficult to get rid of thoughts and ideas that are already in your mind than it is to learn something new" - Pg 119 WHY WE WANT YOU TO BE RICH


F - Follow
O - One
C - Course
U - Until
S - Successful

- Pg 110 WHY WE WANT YOU TO BE RICH

================================================

"You can think of this like some branches caught up and obstructing a stream. The same volume of water moving faster might not be enough to dislodge the branches, but if you steadily increase the volume of the water as well, it will eventually sweep away the obstructions."


================================================

5000$ account * 2% = RISK = $100

25$ = POSITION SIZE

RISK = STOP LOSS * POSITION SIZE

RISK / POSITION SIZE = STOP LOSS

100$ / 25$ = STOP LOSS = 4

10$ = POSITION SIZE

100$ / 10$ = STOP LOSS = 10

A lower position size gives the trade more room and time to mature. You must control your pips.

================================================

Be not concerned with the past or the future. Be in the moment. The moment is all that there is. You flow with the pips or they flow against 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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Postby aliassmith » Sat Sep 19, 2009 3:16 pm

dchappy wrote:Pro , your killin me ...I consider any day over 20 pips a home run ..

Great job man :D


Yes I agree I am very happy with 100 to 150 pips a week :)

Looks like PRO is "getting his groove on", taking baby steps he will be doing that with $100 a pip with confidence.

Take your time PRO and F.O.C.U.S. like TRO had posted. Build your mind at an even pace. If you can do this I see you making a Doctor's Salary
within 1.5 years.

Remember -> The Tortoise and the Hare
http://en.wikipedia.org/wiki/The_Tortoise_and_the_Hare

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Postby prochargedmopar » Mon Sep 21, 2009 3:23 pm

I sucked today.

+17.7,

Got my 20 at full value and then went to 10 cent pips.
That total there stinks.

GBP/USD 1 S 1.62132 1.62119 1.3 0.13 0.00 9/21/2009 11:15 9/21/2009 11:16
EUR/JPY 1 B 135.184 135.201 1.7 0.18 0.00 9/21/2009 08:48 9/21/2009 09:27
EUR/JPY 1 B 135.219 135.201 -1.8 -0.19 0.00 9/21/2009 08:38 9/21/2009 09:27
EUR/JPY 1 B 135.164 135.201 3.7 0.40 0.00 9/21/2009 09:03 9/21/2009 09:27
GBP/USD 1 S 1.61756 1.61645 11.1 1.11 0.00 9/21/2009 09:04 9/21/2009 09:11
GBP/USD 1 S 1.61677 1.61645 3.2 0.32 0.00 9/21/2009 08:49 9/21/2009 09:11
GBP/USD 1 S 1.61566 1.61645 -7.9 -0.79 0.00 9/21/2009 08:34 9/21/2009 09:11
GBP/JPY 1 B 149.443 149.481 3.8 0.41 0.00 9/21/2009 08:38 9/21/2009 08:41
GBP/JPY 1 S 149.327 149.447 -12 -1.30 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 1 S 135.157 135.219 -6.2 -0.67 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 4 S 135.011 134.996 1.5 0.65 0.00 9/21/2009 02:50 9/21/2009 02:52
EUR/JPY 4 S 134.982 134.980 0.2 0.09 0.00 9/21/2009 02:43 9/21/2009 02:45
GBP/USD 4 B 1.61454 1.61475 2.1 0.84 0.00 9/21/2009 02:40 9/21/2009 02:41
GBP/USD 4 B 1.61554 1.61606 5.2 2.08 0.00 9/21/2009 02:30 9/21/2009 02:32
GBP/USD 4 B 1.61524 1.61561 3.7 1.48 0.00 9/21/2009 02:18 9/21/2009 02:19
EUR/JPY 4 S 134.895 134.888 0.7 0.30 0.00 9/21/2009 01:21 9/21/2009 01:25
EUR/JPY 4 S 134.883 134.834 4.9 2.13 0.00 9/21/2009 01:15 9/21/2009 01:17
GBP/USD 4 S 1.62202 1.62177 2.5 1.00 0.00 9/21/2009 00:59 9/21/2009 01:07
42 17.7 8.17 0.00
#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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Postby prochargedmopar » Mon Sep 21, 2009 3:31 pm

double post.....
Last edited by prochargedmopar on Wed Sep 23, 2009 2:00 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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Postby es/pip » Mon Sep 21, 2009 3:42 pm

prochargedmopar wrote:I sucked today.

+17.7,

Got my 20 at full value and then went to 10 cent pips.
That total there stinks.

GBP/USD 1 S 1.62132 1.62119 1.3 0.13 0.00 9/21/2009 11:15 9/21/2009 11:16
EUR/JPY 1 B 135.184 135.201 1.7 0.18 0.00 9/21/2009 08:48 9/21/2009 09:27
EUR/JPY 1 B 135.219 135.201 -1.8 -0.19 0.00 9/21/2009 08:38 9/21/2009 09:27
EUR/JPY 1 B 135.164 135.201 3.7 0.40 0.00 9/21/2009 09:03 9/21/2009 09:27
GBP/USD 1 S 1.61756 1.61645 11.1 1.11 0.00 9/21/2009 09:04 9/21/2009 09:11
GBP/USD 1 S 1.61677 1.61645 3.2 0.32 0.00 9/21/2009 08:49 9/21/2009 09:11
GBP/USD 1 S 1.61566 1.61645 -7.9 -0.79 0.00 9/21/2009 08:34 9/21/2009 09:11
GBP/JPY 1 B 149.443 149.481 3.8 0.41 0.00 9/21/2009 08:38 9/21/2009 08:41
GBP/JPY 1 S 149.327 149.447 -12 -1.30 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 1 S 135.157 135.219 -6.2 -0.67 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 4 S 135.011 134.996 1.5 0.65 0.00 9/21/2009 02:50 9/21/2009 02:52
EUR/JPY 4 S 134.982 134.980 0.2 0.09 0.00 9/21/2009 02:43 9/21/2009 02:45
GBP/USD 4 B 1.61454 1.61475 2.1 0.84 0.00 9/21/2009 02:40 9/21/2009 02:41
GBP/USD 4 B 1.61554 1.61606 5.2 2.08 0.00 9/21/2009 02:30 9/21/2009 02:32
GBP/USD 4 B 1.61524 1.61561 3.7 1.48 0.00 9/21/2009 02:18 9/21/2009 02:19
EUR/JPY 4 S 134.895 134.888 0.7 0.30 0.00 9/21/2009 01:21 9/21/2009 01:25
EUR/JPY 4 S 134.883 134.834 4.9 2.13 0.00 9/21/2009 01:15 9/21/2009 01:17
GBP/USD 4 S 1.62202 1.62177 2.5 1.00 0.00 9/21/2009 00:59 9/21/2009 01:07
42 17.7 8.17 0.00



nah

it is positive money------ that is always a win no matter what. Every day could always be "better or worse"

just trade what you see and it will come

+17 pips is better than all the traders who lost money today--- and there were thousands of them


think about 17 pips a day at 300 a pip

thats somewhere around 1.2 mil a year
Bend over and assume the position for another 4 years of hope and change.

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Postby aliassmith » Mon Sep 21, 2009 5:09 pm

es/pip wrote:
prochargedmopar wrote:I sucked today.

+17.7,

Got my 20 at full value and then went to 10 cent pips.
That total there stinks.

GBP/USD 1 S 1.62132 1.62119 1.3 0.13 0.00 9/21/2009 11:15 9/21/2009 11:16
EUR/JPY 1 B 135.184 135.201 1.7 0.18 0.00 9/21/2009 08:48 9/21/2009 09:27
EUR/JPY 1 B 135.219 135.201 -1.8 -0.19 0.00 9/21/2009 08:38 9/21/2009 09:27
EUR/JPY 1 B 135.164 135.201 3.7 0.40 0.00 9/21/2009 09:03 9/21/2009 09:27
GBP/USD 1 S 1.61756 1.61645 11.1 1.11 0.00 9/21/2009 09:04 9/21/2009 09:11
GBP/USD 1 S 1.61677 1.61645 3.2 0.32 0.00 9/21/2009 08:49 9/21/2009 09:11
GBP/USD 1 S 1.61566 1.61645 -7.9 -0.79 0.00 9/21/2009 08:34 9/21/2009 09:11
GBP/JPY 1 B 149.443 149.481 3.8 0.41 0.00 9/21/2009 08:38 9/21/2009 08:41
GBP/JPY 1 S 149.327 149.447 -12 -1.30 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 1 S 135.157 135.219 -6.2 -0.67 0.00 9/21/2009 08:35 9/21/2009 08:38
EUR/JPY 4 S 135.011 134.996 1.5 0.65 0.00 9/21/2009 02:50 9/21/2009 02:52
EUR/JPY 4 S 134.982 134.980 0.2 0.09 0.00 9/21/2009 02:43 9/21/2009 02:45
GBP/USD 4 B 1.61454 1.61475 2.1 0.84 0.00 9/21/2009 02:40 9/21/2009 02:41
GBP/USD 4 B 1.61554 1.61606 5.2 2.08 0.00 9/21/2009 02:30 9/21/2009 02:32
GBP/USD 4 B 1.61524 1.61561 3.7 1.48 0.00 9/21/2009 02:18 9/21/2009 02:19
EUR/JPY 4 S 134.895 134.888 0.7 0.30 0.00 9/21/2009 01:21 9/21/2009 01:25
EUR/JPY 4 S 134.883 134.834 4.9 2.13 0.00 9/21/2009 01:15 9/21/2009 01:17
GBP/USD 4 S 1.62202 1.62177 2.5 1.00 0.00 9/21/2009 00:59 9/21/2009 01:07
42 17.7 8.17 0.00



nah

it is positive money------ that is always a win no matter what. Every day could always be "better or worse"

just trade what you see and it will come

+17 pips is better than all the traders who lost money today--- and there were thousands of them


think about 17 pips a day at 300 a pip

thats somewhere around 1.2 mil a year


I had very limited thinking when it came to ROI until about a year ago. My first 110% month upened up the possibilities.

It all comes down to consistency, account size, risk, goals

$300,000 at about 3% with 17 pips a day for 220 trading days comes out to what es/pip mentioned.

although $120,000 with $30,000 in capital is nothing to sneeze at :idea:

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Postby prochargedmopar » Mon Sep 21, 2009 10:15 pm

Thanks to both of you for your positive comments.

It's not the pips that I'm so upset about.
Could have made 200 and I still would have felt the same way.
It's my lack of following the plan that grumps me, the lack of pips is just a by-product of sketchy trading.

I've got a vision of how I want to interact with the market.
Until I attain that, I will not be satisfied.

Hey,
it does keep things into a little better perspective though hearing outside views.
#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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