ProchargedMopar's Dart Dynasty

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dchappy
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Re: ProchargedMopar's Dart Dynasty

Postby dchappy » Wed Jun 22, 2016 12:42 pm

prochargedmopar wrote:
dchappy wrote:
prochargedmopar wrote:
Yeah,
gotta sleep,
seems I'm always getting into decent profit while sleeping and wake up with pennies. LOL

was up like 70?
now 19.

That's ok, only saw 20% of my target, I'll wait.
yep. ,,,that's why I don't set targets .I have No idea how far price will go ...if it starts to stall , I am out,......


Last question to you.
I'm sure I asked it before.

How do you personally go about making your winners BIGGER than your losers?

When I take a trade it seems the stop is waaaaaaaay far away from what I would deam a decent take profit level.

You know what I'm going to say ...I kill the losers fast ..don't give them a chance to grow .Why should I let a 5 pip loss become a 10+ pip loss . If I'm wrong ,I'm gone .If I'm right ,I move to break-even quickly . Kill the losers ,and the winners take care of themselves ,.,............

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 1:14 pm

Almost there.

Screenshot_2016-06-22-08-13-05.png
Screenshot_2016-06-22-08-13-05.png (190.13 KiB) Viewed 297 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

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 1:33 pm

dchappy wrote:
prochargedmopar wrote:
dchappy wrote:yep. ,,,that's why I don't set targets .I have No idea how far price will go ...if it starts to stall , I am out,......


Last question to you.
I'm sure I asked it before.

How do you personally go about making your winners BIGGER than your losers?

When I take a trade it seems the stop is waaaaaaaay far away from what I would deam a decent take profit level.

You know what I'm going to say ...I kill the losers fast ..don't give them a chance to grow .Why should I let a 5 pip loss become a 10+ pip loss . If I'm wrong ,I'm gone .If I'm right ,I move to break-even quickly . Kill the losers ,and the winners take care of themselves ,.,............


Will you describe "when price starts to stall"?

Any time Ive ever tried this my winners become even smaller.
Or maybe Ive never really listened to price and was looking more @PnL.
#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 Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 1:48 pm

Jalarupa wrote:
prochargedmopar wrote:
prochargedmopar wrote:
I'm not sure what AJ chart your looking @.
I only see a 52 pip box from ZL to ZL?

60 pips? Hmmmmmm

WhatChart.png


You might have got in @ 78.36 (the body/candle open) but I know you didn't exit @77.77 (the low extreme)



Isn't this what trading is all about...

One camp thinking they are right and they are selling to the suckers in another camp, who think they are right and they are buying from the suckers in another camp...



No,
Trading is about earning $$ to live a more fulfilled life.
Trading is about formulating a plan/strategy and sticking to it.
Trading is about learning more about ourselves and how to become better in an incremental way day by day.

Then again,
Maybe if I only thought about sticking a knife into the guy/gal on the other side of my trade all the above would come to pass.

Trading is War?!?!?
That sucks, that's not what I want trading to be for 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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Re: ProchargedMopar's Dart Dynasty

Postby aliassmith » Wed Jun 22, 2016 2:50 pm

prochargedmopar wrote:
Jalarupa wrote:
prochargedmopar wrote:
You might have got in @ 78.36 (the body/candle open) but I know you didn't exit @77.77 (the low extreme)



Isn't this what trading is all about...

One camp thinking they are right and they are selling to the suckers in another camp, who think they are right and they are buying from the suckers in another camp...



No,
Trading is about earning $$ to live a more fulfilled life.
Trading is about formulating a plan/strategy and sticking to it.
Trading is about learning more about ourselves and how to become better in an incremental way day by day.

Then again,
Maybe if I only thought about sticking a knife into the guy/gal on the other side of my trade all the above would come to pass.

Trading is War?!?!?
That sucks, that's not what I want trading to be for me.


How about trading is like checkers. You try to take as much of the other guys pieces as you can.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 4:24 pm

Closed one of my higher level buys @+20 pips to decrease risk of avg position.
Still holding my lower level buy @+60

Here was an easy 10 pip scalp.

Bodies or wicks?
That is what I want to know.
Here it was the body (open) not the wick.

10EasyPips.png
10EasyPips.png (29.42 KiB) Viewed 228 times
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
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Re: ProchargedMopar's Dart Dynasty

Postby aliassmith » Wed Jun 22, 2016 4:51 pm

prochargedmopar wrote:Closed one of my higher level buys @+20 pips to decrease risk of avg position.
Still holding my lower level buy @+60

Here was an easy 10 pip scalp.

Bodies or wicks?
That is what I want to know.
Here it was the body (open) not the wick.

10EasyPips.png


I'll finally let you in on the secret PRO! It is both and neither. I was talking to another trader about magic levels within the range/breakout. The thing is there is no magic level. Price does and will have anywhere from 0% to 100% of a retrace.

Sometimes it matches with the magic numbers but you never really know which one if any of them will hold.
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 5:21 pm

Wicks Or Bodies?

Does it matter?

BodyOrWick.png
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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 Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 5:24 pm

aliassmith wrote:
prochargedmopar wrote:Closed one of my higher level buys @+20 pips to decrease risk of avg position.
Still holding my lower level buy @+60

Here was an easy 10 pip scalp.

Bodies or wicks?
That is what I want to know.
Here it was the body (open) not the wick.

10EasyPips.png


I'll finally let you in on the secret PRO! It is both and neither. I was talking to another trader about magic levels within the range/breakout. The thing is there is no magic level. Price does and will have anywhere from 0% to 100% of a retrace.

Sometimes it matches with the magic numbers but you never really know which one if any of them will hold.


Dammit,
So this leads me back to the age old question of direction.

Which way to trade?
When to take profit? (harder than the first question)

Crap!!
#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 Dart Dynasty

Postby prochargedmopar » Wed Jun 22, 2016 5:33 pm

prochargedmopar wrote:
prochargedmopar wrote:
v8power wrote:audjpy-m15-oanda-division1.pngHere Im done. 300 pages of MO "ideas I trade by" in one mark up, for idiot traders like me. Do what you want. Be a green rat if you want, but s**t trade a different pair then a *censored - swear word* yen cross


You Sold!!
Not me.
Reposition_.png


BullsInTheHouse.png


Level hit, Barely!!! Yikes!

NotSoEasyPickins.png
NotSoEasyPickins.png (31.67 KiB) Viewed 198 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

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