ProchargedMopar's Trading Trilogy
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- prochargedmopar
- rank: 10000+ posts
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M.O. wants to play!!!!!!!!!!!!!
M1's baby.
It's all about 3's, 6's, and protecting capital with small stops.....
This should be fun.
Most important thing for me, 8 trades in 8 hrs and EXITS.
hehehehehe
M30 trend/m1 entry.
M1's baby.
It's all about 3's, 6's, and protecting capital with small stops.....
This should be fun.
Most important thing for me, 8 trades in 8 hrs and EXITS.
hehehehehe
M30 trend/m1 entry.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
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M.O. wrote:
If one is not losing money, steady growth has a way of mushrooming into a nuclear cloud.
Ok,
The exit strategy that I will apply to my trading is this.
10S/L
Exit 1/3 @ 3
Exit 1/3 @ 6
Move stop to B/E (EDIT:maybe not depending on price action)
Exit final 1/3 when Higher time frame (m5) tells me to.
If price corrects on lower time frame (m1) then I will enter another full position in direction of longer term trend.
Doing this each time until we have a larger m1 correction that does not return to the extreme.
Close all open positions when this happens.
Believe it or not, z-lines work on the M1 chart.....LOL
If one is not losing money, steady growth has a way of mushrooming into a nuclear cloud.
Ok,
The exit strategy that I will apply to my trading is this.
10S/L
Exit 1/3 @ 3
Exit 1/3 @ 6
Move stop to B/E (EDIT:maybe not depending on price action)
Exit final 1/3 when Higher time frame (m5) tells me to.
If price corrects on lower time frame (m1) then I will enter another full position in direction of longer term trend.
Doing this each time until we have a larger m1 correction that does not return to the extreme.
Close all open positions when this happens.
Believe it or not, z-lines work on the M1 chart.....LOL
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
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The key to the previous post will be the lower/higher CLOSE.
I must look at only the truth.
Speaking of truth.
I must face the facts here before I start my next wave of trading........
MONEY IS THE ONLY THING THAT MATTERS!!!!
Before you start with all the crap, hear me out.
We know it's true that we can win 1 out of 10 trades and still increase our account %.
So it's NOT winning/losing ratio.
We know that we can end the day with negative net pip value and still increase our account %.
So it's not pips made/lost.
We know that M.O. has set up a "star" system to gauge his success each month that is based on account % increase.
What dictates this %?
Account balance.
What dictates a % net change?
MONEY.
So get over it. Face it and whatever fears you may have thinking about it.
Your equity curve is the only thing that matters to determine if you are successful trader.
It's based on MONEY.
So how do we go about making MONEY??
M.O. said it:
1. Reduce risk
2. Take profits quickly.
3. Take profits slowly.
Markets open, Lets roll.
I must look at only the truth.
Speaking of truth.
I must face the facts here before I start my next wave of trading........
MONEY IS THE ONLY THING THAT MATTERS!!!!
Before you start with all the crap, hear me out.
We know it's true that we can win 1 out of 10 trades and still increase our account %.
So it's NOT winning/losing ratio.
We know that we can end the day with negative net pip value and still increase our account %.
So it's not pips made/lost.
We know that M.O. has set up a "star" system to gauge his success each month that is based on account % increase.
What dictates this %?
Account balance.
What dictates a % net change?
MONEY.
So get over it. Face it and whatever fears you may have thinking about it.
Your equity curve is the only thing that matters to determine if you are successful trader.
It's based on MONEY.
So how do we go about making MONEY??
M.O. said it:
1. Reduce risk
2. Take profits quickly.
3. Take profits slowly.
Markets open, Lets roll.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
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First trade of week.
Jumped out so quick on me I exited the first two 3rds as fast as I could but it slipped by 3 and 6 and was 6 and 8 instead.......
Then I panicked and could not hold the last 1/3, I exited it at 2.9..... could have grabbed at least 8-10 on 3rd...
Dangit....
+.96% increase on account.
EUR/JPY 2 B 130.217 130.246 2.9 0.65 0.00 9/27/2009 23:40 9/27/2009 23:43
EUR/JPY 2 B 130.217 130.278 6.1 1.36 0.00 9/27/2009 23:40 9/27/2009 23:42
EUR/JPY 2 B 130.217 130.303 8.6 1.92 0.00 9/27/2009 23:40 9/27/2009 23:42
6 17.6 3.93 0.00
Jumped out so quick on me I exited the first two 3rds as fast as I could but it slipped by 3 and 6 and was 6 and 8 instead.......
Then I panicked and could not hold the last 1/3, I exited it at 2.9..... could have grabbed at least 8-10 on 3rd...
Dangit....
+.96% increase on account.
EUR/JPY 2 B 130.217 130.246 2.9 0.65 0.00 9/27/2009 23:40 9/27/2009 23:43
EUR/JPY 2 B 130.217 130.278 6.1 1.36 0.00 9/27/2009 23:40 9/27/2009 23:42
EUR/JPY 2 B 130.217 130.303 8.6 1.92 0.00 9/27/2009 23:40 9/27/2009 23:42
6 17.6 3.93 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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Look at this london crap.
so much for new trading scheme.
Over 60% decrease in account!!!!!!!!!!!!!!
GBP/USD 30 B 1.58188 1.57923 -26.5 -79.50 0.00 9/28/2009 01:47 9/28/2009 02:01
GBP/USD 30 S 1.58381 1.58249 13.2 39.60 0.00 9/28/2009 01:40 9/28/2009 01:42
GBP/USD 30 B 1.58404 1.58363 -4.1 -12.30 0.00 9/28/2009 01:31 9/28/2009 01:34
GBP/USD 30 B 1.58412 1.58414 0.2 0.60 0.00 9/28/2009 01:28 9/28/2009 01:28
GBP/USD 20 S 1.58533 1.58374 15.9 31.80 0.00 9/28/2009 01:20 9/28/2009 01:25
GBP/USD 20 S 1.58530 1.58429 10.1 20.20 0.00 9/28/2009 01:18 9/28/2009 01:24
GBP/USD 20 S 1.58352 1.58578 -22.6 -45.20 0.00 9/28/2009 01:12 9/28/2009 01:18
GBP/USD 20 S 1.58477 1.58578 -10.1 -20.20 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58473 1.58578 -10.5 -21.00 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58147 1.58471 -32.4 -64.80 0.00 9/28/2009 00:58 9/28/2009 01:16
GBP/USD 20 S 1.58077 1.58406 -32.9 -65.80 0.00 9/28/2009 00:36 9/28/2009 01:15
GBP/USD 6 S 1.57829 1.58103 -27.4 -16.44 0.00 9/28/2009 00:20 9/28/2009 00:36
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 B 1.57992 1.57803 -18.9 -11.34 0.00 9/28/2009 00:14 9/28/2009 00:17
GBP/USD 6 B 1.58029 1.57837 -19.2 -11.52 0.00 9/28/2009 00:05 9/28/2009 00:17
EUR/JPY 2 B 130.217 130.246 2.9 0.65 0.00 9/27/2009 23:40 9/27/2009 23:43
EUR/JPY 2 B 130.217 130.278 6.1 1.36 0.00 9/27/2009 23:40 9/27/2009 23:42
EUR/JPY 2 B 130.217 130.303 8.6 1.92 0.00 9/27/2009 23:40 9/27/2009 23:42
296 -159.6 -259.17 0.00
so much for new trading scheme.
Over 60% decrease in account!!!!!!!!!!!!!!
GBP/USD 30 B 1.58188 1.57923 -26.5 -79.50 0.00 9/28/2009 01:47 9/28/2009 02:01
GBP/USD 30 S 1.58381 1.58249 13.2 39.60 0.00 9/28/2009 01:40 9/28/2009 01:42
GBP/USD 30 B 1.58404 1.58363 -4.1 -12.30 0.00 9/28/2009 01:31 9/28/2009 01:34
GBP/USD 30 B 1.58412 1.58414 0.2 0.60 0.00 9/28/2009 01:28 9/28/2009 01:28
GBP/USD 20 S 1.58533 1.58374 15.9 31.80 0.00 9/28/2009 01:20 9/28/2009 01:25
GBP/USD 20 S 1.58530 1.58429 10.1 20.20 0.00 9/28/2009 01:18 9/28/2009 01:24
GBP/USD 20 S 1.58352 1.58578 -22.6 -45.20 0.00 9/28/2009 01:12 9/28/2009 01:18
GBP/USD 20 S 1.58477 1.58578 -10.1 -20.20 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58473 1.58578 -10.5 -21.00 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58147 1.58471 -32.4 -64.80 0.00 9/28/2009 00:58 9/28/2009 01:16
GBP/USD 20 S 1.58077 1.58406 -32.9 -65.80 0.00 9/28/2009 00:36 9/28/2009 01:15
GBP/USD 6 S 1.57829 1.58103 -27.4 -16.44 0.00 9/28/2009 00:20 9/28/2009 00:36
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 B 1.57992 1.57803 -18.9 -11.34 0.00 9/28/2009 00:14 9/28/2009 00:17
GBP/USD 6 B 1.58029 1.57837 -19.2 -11.52 0.00 9/28/2009 00:05 9/28/2009 00:17
EUR/JPY 2 B 130.217 130.246 2.9 0.65 0.00 9/27/2009 23:40 9/27/2009 23:43
EUR/JPY 2 B 130.217 130.278 6.1 1.36 0.00 9/27/2009 23:40 9/27/2009 23:42
EUR/JPY 2 B 130.217 130.303 8.6 1.92 0.00 9/27/2009 23:40 9/27/2009 23:42
296 -159.6 -259.17 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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
no thinking, just acting,
A few quick hits just click, click, click.
Each trade consisted of 3 exits....except 1 I could see was just not right.
Most you can't click out at 3 and 6 as they just take off on you.
Hmmmmmm
GBP/USD 1 S 1.58730 1.58603 12.7 1.27 0.00 9/28/2009 03:13 9/28/2009 03:25
GBP/USD 1 S 1.58730 1.58673 5.7 0.57 0.00 9/28/2009 03:13 9/28/2009 03:20
GBP/USD 1 S 1.58730 1.58703 2.7 0.27 0.00 9/28/2009 03:13 9/28/2009 03:19
GBP/USD 3 B 1.58761 1.58740 -2.1 -0.63 0.00 9/28/2009 03:11 9/28/2009 03:13
GBP/USD 1 B 1.58499 1.58704 20.5 2.05 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 B 1.58499 1.58579 8 0.80 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 B 1.58499 1.58533 3.4 0.34 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 S 1.58416 1.58503 -8.7 -0.87 0.00 9/28/2009 02:59 9/28/2009 03:04
GBP/USD 1 S 1.58416 1.58359 5.7 0.57 0.00 9/28/2009 02:59 9/28/2009 03:01
GBP/USD 1 S 1.58416 1.58369 4.7 0.47 0.00 9/28/2009 02:59 9/28/2009 03:00
GBP/USD 1 S 1.58256 1.58265 -0.9 -0.09 0.00 9/28/2009 02:54 9/28/2009 02:58
GBP/USD 1 S 1.58256 1.58172 8.4 0.84 0.00 9/28/2009 02:54 9/28/2009 02:56
GBP/USD 1 S 1.58256 1.58224 3.2 0.32 0.00 9/28/2009 02:54 9/28/2009 02:56
A few quick hits just click, click, click.
Each trade consisted of 3 exits....except 1 I could see was just not right.
Most you can't click out at 3 and 6 as they just take off on you.
Hmmmmmm
GBP/USD 1 S 1.58730 1.58603 12.7 1.27 0.00 9/28/2009 03:13 9/28/2009 03:25
GBP/USD 1 S 1.58730 1.58673 5.7 0.57 0.00 9/28/2009 03:13 9/28/2009 03:20
GBP/USD 1 S 1.58730 1.58703 2.7 0.27 0.00 9/28/2009 03:13 9/28/2009 03:19
GBP/USD 3 B 1.58761 1.58740 -2.1 -0.63 0.00 9/28/2009 03:11 9/28/2009 03:13
GBP/USD 1 B 1.58499 1.58704 20.5 2.05 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 B 1.58499 1.58579 8 0.80 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 B 1.58499 1.58533 3.4 0.34 0.00 9/28/2009 03:04 9/28/2009 03:05
GBP/USD 1 S 1.58416 1.58503 -8.7 -0.87 0.00 9/28/2009 02:59 9/28/2009 03:04
GBP/USD 1 S 1.58416 1.58359 5.7 0.57 0.00 9/28/2009 02:59 9/28/2009 03:01
GBP/USD 1 S 1.58416 1.58369 4.7 0.47 0.00 9/28/2009 02:59 9/28/2009 03:00
GBP/USD 1 S 1.58256 1.58265 -0.9 -0.09 0.00 9/28/2009 02:54 9/28/2009 02:58
GBP/USD 1 S 1.58256 1.58172 8.4 0.84 0.00 9/28/2009 02:54 9/28/2009 02:56
GBP/USD 1 S 1.58256 1.58224 3.2 0.32 0.00 9/28/2009 02:54 9/28/2009 02:56
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
prochargedmopar wrote:Look at this london crap.
so much for new trading scheme.
Over 60% decrease in account!!!!!!!!!!!!!!
GBP/USD 30 B 1.58188 1.57923 -26.5 -79.50 0.00 9/28/2009 01:47 9/28/2009 02:01
GBP/USD 30 S 1.58381 1.58249 13.2 39.60 0.00 9/28/2009 01:40 9/28/2009 01:42
GBP/USD 30 B 1.58404 1.58363 -4.1 -12.30 0.00 9/28/2009 01:31 9/28/2009 01:34
GBP/USD 30 B 1.58412 1.58414 0.2 0.60 0.00 9/28/2009 01:28 9/28/2009 01:28
GBP/USD 20 S 1.58533 1.58374 15.9 31.80 0.00 9/28/2009 01:20 9/28/2009 01:25
GBP/USD 20 S 1.58530 1.58429 10.1 20.20 0.00 9/28/2009 01:18 9/28/2009 01:24
GBP/USD 20 S 1.58352 1.58578 -22.6 -45.20 0.00 9/28/2009 01:12 9/28/2009 01:18
GBP/USD 20 S 1.58477 1.58578 -10.1 -20.20 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58473 1.58578 -10.5 -21.00 0.00 9/28/2009 01:16 9/28/2009 01:18
GBP/USD 20 S 1.58147 1.58471 -32.4 -64.80 0.00 9/28/2009 00:58 9/28/2009 01:16
GBP/USD 20 S 1.58077 1.58406 -32.9 -65.80 0.00 9/28/2009 00:36 9/28/2009 01:15
GBP/USD 6 S 1.57829 1.58103 -27.4 -16.44 0.00 9/28/2009 00:20 9/28/2009 00:36
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 S 1.57804 1.57864 -6 -3.60 0.00 9/28/2009 00:17 9/28/2009 00:18
GBP/USD 6 B 1.57992 1.57803 -18.9 -11.34 0.00 9/28/2009 00:14 9/28/2009 00:17
GBP/USD 6 B 1.58029 1.57837 -19.2 -11.52 0.00 9/28/2009 00:05 9/28/2009 00:17
EUR/JPY 2 B 130.217 130.246 2.9 0.65 0.00 9/27/2009 23:40 9/27/2009 23:43
EUR/JPY 2 B 130.217 130.278 6.1 1.36 0.00 9/27/2009 23:40 9/27/2009 23:42
EUR/JPY 2 B 130.217 130.303 8.6 1.92 0.00 9/27/2009 23:40 9/27/2009 23:42
296 -159.6 -259.17 0.00
"new trading scheme"
you are not mighty one
you don't know what he knows
yet, you completely change what you are doing and try this new thing-----------------AGAIN!!!!!!!!!!!!!!!!
hell, he hasn't even set all his rules in stone yet----and you are already trading "it" live
what the hell did you expect to happen
i just don't get it i guess
sigh
Bend over and assume the position for another 4 years of hope and change.
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