ProchargedMopar's Dart Dynasty

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MightyOne
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Re: ProchargedMopar's Dart Dynasty

Postby MightyOne » Tue May 17, 2016 4:48 am

v8power wrote:
Macros are too advanced for me. But looks like you made about 6% on the scalp? What would the gain be if you hit the 60 MP. How many normal pips in a Macro? Plus you still got Your GU trade open right? Pro is about to make some gains. Keep doing your thing.


1 "macro" = 1 pip.

For instance if you are risking 1% over 3 pips and your account size is $1,000 then 1 pip = $3.33
(.01 / 3)1000 = $3.33
A macro is then $3.33 divided into say SIXTEENS (.208/pip, $3.33/line)

If the trade is doing well then you narrow the lines by increasing your position size to:
12's: .277/pip
08's: .416
06's: .555
04's: .833
03's: 1.111
After you adjust your position size then the lines are calculated from the last transaction price.

Obviously you cannot use 3 pip stops, but 3 line stops are very doable.

Guidelines for SL in Lines:
1's: 6 - 8
1.5's
2's: 5 - 6
3's
4's: 4 - 5
6's
8's: 3 - 4
12's
16's: 2 - 3
24's
32's: 1.5 - 2

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prochargedmopar
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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue May 17, 2016 4:49 am

v8power wrote:
prochargedmopar wrote:It was an easy 6.6 macros on the scalp.
Im still holding this pos. For 60 MPs.

Screenshot_2016-05-16-21-39-19.png


Macros are to advance for me. But looks like you made about 6% on the scalp? What would the gain be if you hit the 60 MP. How many normal pips in a Macro? Plus you still got Your GU trade open right? Pro is about to make some gains. Keep doing your thing.


I did not take the GU, NU, or Ucad trade setups.
Bout to make some gainz cuz I'm on team DO masters program. Weights today felt HEAVY as shiit.

They are always saying we must enter the dark before we can see the light. LOL..
#teamDarkOrchestra
#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

v8power
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Re: ProchargedMopar's Dart Dynasty

Postby v8power » Tue May 17, 2016 5:15 am

MightyOne wrote:
v8power wrote:
Macros are too advanced for me. But looks like you made about 6% on the scalp? What would the gain be if you hit the 60 MP. How many normal pips in a Macro? Plus you still got Your GU trade open right? Pro is about to make some gains. Keep doing your thing.


1 "macro" = 1 pip.

For instance if you are risking 1% over 3 pips and your account size is $1,000 then 1 pip = $3.33
(.01 / 3)1000 = $3.33
A macro is then $3.33 divided into say SIXTEENS (.208/pip, $3.33/line)

If the trade is doing well then you narrow the lines by increasing your position size to:
12's: .277/pip
08's: .416
06's: .555
04's: .833
03's: 1.111
After you adjust your position size then the lines are calculated from the last transaction price.

Obviously you cannot use 3 pip stops, but 3 line stops are very doable.

Guidelines for SL in Lines:
1's: 6 - 8
1.5's
2's: 5 - 6
3's
4's: 4 - 5
6's
8's: 3 - 4
12's
16's: 2 - 3
24's
32's: 1.5 - 2


I like the original macro pip, which was just 10 micro pips. What happened to simplicity MO! Plus "you only use a sl if you want to get stopped out".

I like your old school stuff. Sl based of 1440 atr of 5min chart. Externals and OPM and going for big R:R. Add crash zones and double failures and thats all i need.

At this point in my trading journey im looking to just refine and polish what I already use. Learn to take less lower probability trades, reduce leverage and risk. High leverage and risk is fine for an account that was started with 100. But Im not using 500 to 1 leverage and 10% OPM risk on trades with a million dollar account.

But Im always open to new and more original MO price action. Love me some crash zones and double failures and I know you got more ideas in that head of yours.

Have you ever had your IQ tested. I would bet you would score very high. Was school super easy for u? Did u go to college (Harvard, MIT, Yale).
Last edited by v8power on Tue May 17, 2016 5:53 am, edited 1 time in total.

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue May 17, 2016 5:41 am

#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 » Tue May 17, 2016 2:32 pm

sleeping.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 » Tue May 17, 2016 3:42 pm

Via email from booker after he had 300 people show up for his traders conference in Houston.
I would have went but I was baby sitting all weekend long.


IMG_20160517_104053.jpg
IMG_20160517_104053.jpg (121.11 KiB) Viewed 216 times
Last edited by prochargedmopar on Tue May 17, 2016 5:09 pm, 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 prochargedmopar » Tue May 17, 2016 5:07 pm

I just bought 2 more KlokovD shirts from the Battle box in the UK.

Who pays $55.00 PER t-shirt?!?!? LOL

ThatSTinks.png
ThatSTinks.png (31.27 KiB) Viewed 193 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 MightyOne » Tue May 17, 2016 5:48 pm

v8power wrote:
1) I like the original macro pip, which was just 10 micro pips. What happened to simplicity MO!

2) Plus "you only use a sl if you want to get stopped out".

3) I like your old school stuff. Sl based of 1440 atr of 5min chart. Eternals and OPM and going for big R:R. Add crash zones and double failures and thats all i need.

4)...and I know you got more ideas in that head of yours.




1: How is 10 any easier to trade than 8 or 12 or 16? It isn't.
It is easier to mentally calculate your gain or loss in lines but that is about it.

2: A "stop loss" is not a tool for taking profit.

3: A SL has always been the extreme of a long-term chart & the risk-box has always been calculated using price range and volatility.

4: I have a whole chest of magic tricks :wink:

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Re: ProchargedMopar's Dart Dynasty

Postby laksh » Tue May 17, 2016 7:40 pm

prochargedmopar wrote:I just bought 2 more KlokovD shirts from the Battle box in the UK.

Who pays $55.00 PER t-shirt?!?!? LOL

ThatSTinks.png


Oops.. a spread of around 200 pips on that t-shirt trade :lol:

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Re: ProchargedMopar's Dart Dynasty

Postby prochargedmopar » Tue May 17, 2016 8:35 pm

Area of buying for me.

IMG_20160517_153453.jpg
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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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