ProchargedMopar's Trading Trilogy

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prochargedmopar
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Postby prochargedmopar » Mon Sep 28, 2009 2:15 pm

AndreasF wrote:So basically the 1st day with 3-6-20 worked out fine.
I hardly can wait to see MO in action on M1


Uh, Not hardly,
A 60% DECREASE in account is Good?

I was feeling some major anguish, despair, and even some feelings of quiting all together.....
In total disbelief that I would again compromise my capital as I did considering the solid plan of attack.

But, The last few trades showed a little light during London.
The drive home from work and sitting for an hr. in the parking lot at Autozone I learned something about myself and stops.

An arbitrary stop will not cut it.
I've got to go totally on price action. If I wait for 8-10-12 or whatever I focus on the LARGE loss and not what is going on in the market.
I'm either right/wrong almost Immediately. I must trade accordingly.
If not I will anchor in. Add, Hope, ect.
Then lose it.

I know this will work, after taking 3ish, then 6ish, I'm able to really settle down and watch. I still didnt' let it run as I'd liked but getting mid teens to 20's on a few trades would NEVER have happened if I did not have the cushion to let it do it's thing. I'm still inclined to close the third at B/E if need be.

I realized what was going on inside me during the last couple trades this morning NY session...........I would have normally bailed on losers for -1 to -3 pips and not been affected. After knowing I should have and then letting it go 8-10 I couldn't let go.

THE STOP HAS TO BE PREDEFINED ON EACH TRADE DEPENDING ON WHERE I WILL BE PROVEN WRONG OR IF I SEE PRICE DOING SOMETHING FISHY.
It's better that then letting it run.

Here are the morning trades with the couple big losses that taught me what I'm feeling.

See how the bottom trade was good, then the 8.8 pip stop threw me for a loop. I let the next couple trades get waaaay down after going -8. I then went in at $1 and $1.60 to cover the losses. That's very dangerous as you saw last night when I was using $3 pips. While in the larger value trades things changed, I let them run a bit. After realizing what was up I took another trade and it worked out perfect.

I will fund the account with a couple hundred more and then put my 50 allowance in tomorrow to get back to $400.
Then we start. No stops, market tells me when to get out, which I will error on the tight side or if it breaks against me.

WHEW!!!

GBP/USD 1 B 1.58173 1.58368 19.5 1.95 0.00 9/28/2009 09:27 9/28/2009 09:45
GBP/USD 1 B 1.58173 1.58220 4.7 0.47 0.00 9/28/2009 09:27 9/28/2009 09:33
GBP/USD 1 B 1.58173 1.58228 5.5 0.55 0.00 9/28/2009 09:27 9/28/2009 09:31


GBP/USD 16 S 1.58481 1.58294 18.7 29.92 0.00 9/28/2009 09:03 9/28/2009 09:20
GBP/USD 3 B 1.58919 1.58477 -44.2 -13.26 0.00 9/28/2009 08:48 9/28/2009 09:03
GBP/USD 3 B 1.58731 1.58477 -25.4 -7.62 0.00 9/28/2009 08:53 9/28/2009 09:03
GBP/USD 10 B 1.58420 1.58477 5.7 5.70 0.00 9/28/2009 09:00 9/28/2009 09:03


GBP/USD 3 S 1.58671 1.58759 -8.8 -2.64 0.00 9/28/2009 08:27 9/28/2009 08:36


GBP/USD 1 S 1.58836 1.58833 0.3 0.03 0.00 9/28/2009 07:36 9/28/2009 07:53
GBP/USD 1 S 1.58836 1.58782 5.4 0.54 0.00 9/28/2009 07:36 9/28/2009 07:51
GBP/USD 1 S 1.58836 1.58802 3.4 0.34 0.00 9/28/2009 07:36 9/28/2009 07:37
#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 28, 2009 2:28 pm

es/pip wrote:
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" :roll:


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


es/pip,

No matter what the situation I have to develop an exit strategy or I will never be able to let profits run.
This one will work for me.

I have not changed my trading. I see the same things for entries. I have got to get a grip on what I let affect me in a way that I drain my account.
I can double accounts no problem. It's keeping it doubled or trippled that is the issue.
I'm working on it.

Bigger winners/ tighter stops.
After just one day exiting in 3rd's is helping me to hold longer.

Somethings gotta be better than -3044.

:shock:
#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 28, 2009 9:49 pm

Got my Stikky Stock Charts book today.
Yeah, I'm a NOOB!!

Maybe this well help tell me the highest probability direction to trade.
#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 28, 2009 11:34 pm

dchappy wrote:" To predict is for Slaves , To react is for Kings " ....Woodie

When a trade enters "Hope " mode ,all the rules fly out the window .

" Hope" mode soon leads to " Dammit " mode

( Been there , done that :wink: )


This is EXACTLY why I must exit when the market tells me to do so.
Then I will feel like I followed the plan no matter what size the loss is.
I'm learning ME.
#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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Did you look at the ...

Postby razorboy » Tue Sep 29, 2009 12:28 am

spread sheet I uploaded earlier...

I started trading about a year ago and really was clueless until this past june.

Find one candle stick pattern
Filter it by market time
and record what happens after everytime you see that pattern

Thats all there is to it.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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Postby razorboy » Tue Sep 29, 2009 12:45 am

But take heart, even managing a lot of money wont save you from some things.......

http://www.bloomberg.com/apps/news?pid= ... OwwttdXOKI
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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Postby prochargedmopar » Tue Sep 29, 2009 11:29 am

EDIT:
-0.3% for day.
Last edited by prochargedmopar on Wed Sep 30, 2009 9:03 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 razorboy » Tue Sep 29, 2009 11:59 am

Neal: He says we're going the wrong way...
Del: Oh, he's drunk. How would he know where we're going?

Planes, Trains and Automobiles
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



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Postby TheRumpledOne » Tue Sep 29, 2009 10:23 pm

Who let Pro out of TIME OUT? LOL!!
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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Re: Did you look at the ...

Postby noone22 » Wed Sep 30, 2009 12:37 am

razorboy wrote:I started trading about a year ago and really was clueless until this past june


And what happenned past June?

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