ProchargedMopar's Dart Dynasty

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Thu Apr 07, 2016 6:03 pm

ICT wants us to smack him upside the head.
The 1 and 5m charts are like crack. Get off em.
Every trade should be framed around the idea of 1:4 or more RR.

Dude is losing it.
Each vid becomes a 2-3 hr. Rant.

#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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aliassmith
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Re: ProchargedMopar's Dart Dynasty

Postby aliassmith » Thu Apr 07, 2016 8:23 pm

MightyOne wrote:
aliassmith wrote:
prochargedmopar wrote:The bigger understanding is I can see why large account holders scoff @10 pip trades.


LOL.


When you trade large enough you'll have to accumulate. While accumulating you don't want to drive the price on yourself. The same when you unload your position. 10 pips may be to tight of a range to accomplish that.

You have to have a very large account to worry about that anyways.

People with a few $100k could live well on some 10 pip trades. At 10 pips equals .5% of your account, you'll gross 120% a year without compounding. Or up to 300% compounding.


I feel comfortable with 1% over 3 or 4 macros.

1% over 3 macros is .5% over 24 pips (or .5% over 12 if I start with EIGHTS).
12 macros per day (16 if 1% over 4mac), 5.3 days per week, and weekly compounding, is four zeros per year.

Make 3 SIXTEENS and you have 3 EIGHTS, make 3 more EIGHTS and you have 6 FOURS of OPM,...how many FOURS can you make? More than 12-16 I assure you =P~


Oh you had to show me up with all that fancy talk. :D

What ever happen to...... I have $1000 to risk...I can spread that over 10 pips, 20 pips, 40 pips, 80 pips, etc.

If I start with $1000 and make $2000 starting at 80 pips, I can then spread $2000 over 40 pips with 4 times the size.
Then 4 times the size is OPM on a big chart...Free Risk for big gain potential.

When it comes down to it, you still need to know when to enter and when to exit. When to add when to reduce.

I would say for those that want to be successful at trading. Start with baby steps.... over the course of the week make $1 of profit... over a month make $2... over a quarter make $4

If you can't make $4 over 3 month period, why the hell trade with $1000 or more.

My bad I went on a rant, maybe I'll go rant in my thread
Trade Your Way as Long as It Makes Money!

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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Thu Apr 07, 2016 8:30 pm

aliassmith wrote:
MightyOne wrote:
aliassmith wrote:
When you trade large enough you'll have to accumulate. While accumulating you don't want to drive the price on yourself. The same when you unload your position. 10 pips may be to tight of a range to accomplish that.

You have to have a very large account to worry about that anyways.

People with a few $100k could live well on some 10 pip trades. At 10 pips equals .5% of your account, you'll gross 120% a year without compounding. Or up to 300% compounding.


I feel comfortable with 1% over 3 or 4 macros.

1% over 3 macros is .5% over 24 pips (or .5% over 12 if I start with EIGHTS).
12 macros per day (16 if 1% over 4mac), 5.3 days per week, and weekly compounding, is four zeros per year.

Make 3 SIXTEENS and you have 3 EIGHTS, make 3 more EIGHTS and you have 6 FOURS of OPM,...how many FOURS can you make? More than 12-16 I assure you =P~


Oh you had to show me up with all that fancy talk. :D

What ever happen to...... I have $1000 to risk...I can spread that over 10 pips, 20 pips, 40 pips, 80 pips, etc.

If I start with $1000 and make $2000 starting at 80 pips, I can then spread $2000 over 40 pips with 4 times the size.
Then 4 times the size is OPM on a big chart...Free Risk for big gain potential.

When it comes down to it, you still need to know when to enter and when to exit. When to add when to reduce.

I would say for those that want to be successful at trading. Start with baby steps.... over the course of the week make $1 of profit... over a month make $2... over a quarter make $4

If you can't make $4 over 3 month period, why the hell trade with $1000 or more.

My bad I went on a rant, maybe I'll go rant in my thread


It is the same, Alias, only now it is explained in a way that people who were having trouble with increasing their position size over time can now better understand the process instead of getting hung up on expanding and shrinking space or worrying about when to double.

It is space made easy.

Feel free to rant, I'll stop by your thread later today :mrgreen:

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Fri Apr 08, 2016 12:36 am

Not good!!

I forgot to set a TP.
Closing here.

Screenshot_2016-04-07-19-32-21.png
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#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 prochargedmopar » Fri Apr 08, 2016 12:41 am

Asian (V8Power) box break was where I entered.

My version is 3-6pm CST

Screenshot_2016-04-07-19-38-56.png
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Last edited by prochargedmopar on Fri Apr 08, 2016 9:50 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 Dart Dynasty

Postby MightyOne » Fri Apr 08, 2016 5:58 am

prochargedmopar wrote:ICT wants us to smack him upside the head.
The 1 and 5m charts are like crack. Get off em.
Every trade should be framed around the idea of 1:4 or more RR.

Dude is losing it.
Each vid becomes a 2-3 hr. Rant.


And, while you are trying to explain every wiggle, a trader who knows 1 chart pattern comes behind you and takes that 1-2-3 and makes you look like a fool.
It is like when you are trying to figure out what the best flavor of ice cream is while Happy is over there face covered in sugary goodness.

If it takes longer than a minute for someone to explain something then you can probably do without it...

"look, we are trading horizontal lines, green candles + black wicks = up, red candles + black wicks = down, if you know different then do different"

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Fri Apr 08, 2016 8:19 am

Whipsaw day.
Bought the breakout up, sl hit.


Screenshot_2016-04-08-03-14-33.png
Screenshot_2016-04-08-03-14-33.png (175.14 KiB) Viewed 176 times


This will never work.
Winners MUST be bigger than losers.
Something ive NEVER been able to do in 8 yrs of trading.
#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 » Fri Apr 08, 2016 8:41 am

MightyOne wrote:
prochargedmopar wrote:ICT wants us to smack him upside the head.
The 1 and 5m charts are like crack. Get off em.
Every trade should be framed around the idea of 1:4 or more RR.

Dude is losing it.
Each vid becomes a 2-3 hr. Rant.


And, while you are trying to explain every wiggle, a trader who knows 1 chart pattern comes behind you and takes that 1-2-3 and makes you look like a fool.
It is like when you are trying to figure out what the best flavor of ice cream is while Happy is over there face covered in sugary goodness.

If it takes longer than a minute for someone to explain something then you can probably do without it...

"look, we are trading horizontal lines, green candles + black wicks = up, red candles + black wicks = down, if you know different then do different"



He says:
If you think today will be an up day you MUST enter 15-30 pips below the open with a 30 pip sl.

I thought today would be an up day.
It is so far.

Screenshot_2016-04-08-03-33-24.png
Screenshot_2016-04-08-03-33-24.png (111.74 KiB) Viewed 171 times



I got smoked by his " Judas swing"

IMG_20160408_034041.jpg
IMG_20160408_034041.jpg (120.17 KiB) Viewed 171 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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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Fri Apr 08, 2016 8:49 am

Im learning something about myself.

If I go for big swings (acceptable RR) then I commit to being RIGHT.
This does NOT turn out well when I'm wrong.

When I scalp for small pips I can lose gracefully but my losses are still almost always bigger than my winners.
It's hard has hell to scalp for 5-10 with a 3-7 pip SL.

Shiit.

I gotta think about what I can do.
#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 » Fri Apr 08, 2016 8:58 am

At least this would be 1:2 rr.
Hell, I dont know.
I'll just keep scalping the LO box through next week, then see whats up.

IMG_20160408_035654.jpg
IMG_20160408_035654.jpg (127.98 KiB) Viewed 160 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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