The idea's we trade by, so we never lose again. p2. The students become the masters

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

dchappy
rank: 500+ posts
rank: 500+ posts
Posts: 828
Joined: Sat Feb 14, 2009 8:48 pm
Reputation: 3
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby dchappy » Fri Jun 17, 2016 2:44 pm

Jalarupa wrote:This last weeks action

USDCADD1.PNG

The Start and Target...

USDCADH1.PNG

Trend Validations, Additions and Close with Reversal at Zline...

Today's play...

AUDJPY.PNG

Channel Targets and reversal case...

AUDJPY123.PNG

The days play... 1-2-3... as MO teaches

However the last long with all the days winnings packed into it is basically a trade that I love to do at cone extremes... as soon as price returns I go in the opposite direction of the price action... (I have used this strategy to trade options on mining and resource stocks this year to great effect...) but yeah its just a No 2 entry at heart... These number 2 entries are a really nice way to get in early on in the move...

Notice how many times a 123 reversal is triggered at a cone / channel line .Yesterday all of the EU pairs that I trade were clearly triggered at that juncture .

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1139
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Jalarupa » Fri Jun 17, 2016 3:18 pm

I know right!

It's pretty amazing!

SO THE BIG PICTURE IS YEARLY LOW (LONG Term Support - ZLINE)

USDJPYD1.PNG
USDJPYD1.PNG (39.71 KiB) Viewed 213 times


LONG TERM CONE BASE FORMING...

USDJPYH4.PNG
USDJPYH4.PNG (46.65 KiB) Viewed 213 times


AS WE COME CLOSER TO LONG TERM ZLINE AND CONE 2'S - FOR THE MOVE UP TOWARDS HELD PROFIT ZLINE

USDJPYH1.PNG
USDJPYH1.PNG (51.52 KiB) Viewed 213 times


THIS ONE IS ON BID WATCH... LONG TERM - TURN AND BURN

BOJ currently seen as being less dovish (didn't apply stimulus in last meet this week) - Therefore JPY Strengthened notably
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

v8power
rank: 500+ posts
rank: 500+ posts
Posts: 959
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 15
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Fri Jun 17, 2016 8:06 pm

newark18 wrote:V8, can you tell me which brokers you use? I want one onshore and one offshore one that I can rely upon.


If you do a quick google search you will find some good ones. I know Tailnexx has been mentioned on Kreslik and Forex Brokers Inc has some good reviews :smt002 . Since there offshore and you could have problems I just don't want anyone to trade with them just cuz I have. But I have read your posts Newark and know your smart and can read between the lines of this post :mrgreen:

Don't feel like you ever have to stay with a broker either. I stayed with MBT cuz they were promoted as the best of the best. But I hated them and had issues all the time. And that was with a small account with 15,000 when I first started. I go through brokers like women.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 515
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 0
Real name: James
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby newark18 » Fri Jun 17, 2016 8:16 pm

v8power wrote:
newark18 wrote:V8, can you tell me which brokers you use? I want one onshore and one offshore one that I can rely upon.


If you do a quick google search you will find some good ones. I know Tailnexx has been mentioned on Kreslik and Forex Brokers Inc has some good reviews :smt002 . Since there offshore and you could have problems I just don't want anyone to trade with them just cuz I have. But I have read your posts Newark and know your smart and can read between the lines of this post :mrgreen:

Don't feel like you ever have to stay with a broker either. I stayed with MBT cuz they were promoted as the best of the best. But I hated them and had issues all the time. And that was with a small account with 15,000 when I first started. I go through brokers like women.


I looked into Tallinex before but never opened an account. I will again. Thank you.
Failure is an opportunity to learn.

v8power
rank: 500+ posts
rank: 500+ posts
Posts: 959
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 15
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Fri Jun 17, 2016 8:30 pm

Risk and Trades

You really think your 1% or.5% risk over 10 pips is really reducing risk to save you from gaps and adverse moves? Even .5% risk would have blown out your account with this 2,000 pip move in less then 2 hours. You think your sl with your bucket shop would have saved you. Haha. They would have waited until they felt it was safe and then honored your sl at whatever price was currently at. This doesn't even take into account had you had any OPM on your trade. So whether you were risking .5% or 5% your account was busted. But what if you are the trader who risk 5% and price had moved 2,000 pips in your favor. Gaps and adverse moves happen randomly so they are just as likely to hurt your account as they are to add to it.

I size my risk based on what happens 99% of the time, of when I trade. I don't worry about what price did one time 1,372 trading days ago. I just try to make as much money as possible over those 1,372 days and deal with the .1% moves when they happen
usdchfpro-h1-tradeking-forex-llc.png
usdchfpro-h1-tradeking-forex-llc.png (115.89 KiB) Viewed 186 times
.

Why do I take in some peoples opinon so many trades. Because I know that I have an edge and like a casino the hands(trades) placed the more I know over the long run I will win. I don't know which trades I will win or lose but I know that I win 60-90% of the time with returns of 1:1 up to 50:1. So why wouldn't I place the trade. If I am going to sit my ass in front of my computer for 16hrs a day then I want to maximize the % I win to the extreme.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

v8power
rank: 500+ posts
rank: 500+ posts
Posts: 959
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 15
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Fri Jun 17, 2016 8:35 pm

newark18 wrote:
v8power wrote:
newark18 wrote:V8, can you tell me which brokers you use? I want one onshore and one offshore one that I can rely upon.


If you do a quick google search you will find some good ones. I know Tailnexx has been mentioned on Kreslik and Forex Brokers Inc has some good reviews :smt002 . Since there offshore and you could have problems I just don't want anyone to trade with them just cuz I have. But I have read your posts Newark and know your smart and can read between the lines of this post :mrgreen:

Don't feel like you ever have to stay with a broker either. I stayed with MBT cuz they were promoted as the best of the best. But I hated them and had issues all the time. And that was with a small account with 15,000 when I first started. I go through brokers like women.


I looked into Tallinex before but never opened an account. I will again. Thank you.


The spreads are high for there micro, but pretty good for there macro. I think the website is called like forexarmy or something and Forex broker has almost all positive reviews. More then tradeking has, that's for sure, haha. But yea I would look into those, smart small, get a feel for them, send emails asking questions so you get to interact with employee's and see how they treat you. MBT had the worst customer service ever I thought and TradeKing would take days to reply to emails. FB has never taken longer then an hour to respond.

v8power
rank: 500+ posts
rank: 500+ posts
Posts: 959
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 15
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Fri Jun 17, 2016 9:06 pm

Working on my scalping ability and doing to angles/triangles what I do best. Dumbing it done to super basic ideas and not worrying about if its right or not. Just applying it to my charts. Over 300 pips for the day off of one pair. Only traded one pair. Didn't use HTF just 5m and 1hour. SL was 10 pips. Not to shabby.

gbpusd-m5-oanda-division1.png
gbpusd-m5-oanda-division1.png (105.9 KiB) Viewed 176 times

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Fri Jun 17, 2016 9:17 pm

v8power wrote:Risk and Trades

You really think your 1% or.5% risk over 10 pips is really reducing risk to save you from gaps and adverse moves? Even .5% risk would have blown out your account with this 2,000 pip move in less then 2 hours. You think your sl with your bucket shop would have saved you. Haha. They would have waited until they felt it was safe and then honored your sl at whatever price was currently at. This doesn't even take into account had you had any OPM on your trade. So whether you were risking .5% or 5% your account was busted. But what if you are the trader who risk 5% and price had moved 2,000 pips in your favor. Gaps and adverse moves happen randomly so they are just as likely to hurt your account as they are to add to it.

I size my risk based on what happens 99% of the time, of when I trade. I don't worry about what price did one time 1,372 trading days ago. I just try to make as much money as possible over those 1,372 days and deal with the .1% moves when they happenusdchfpro-h1-tradeking-forex-llc.png.

Why do I take in some peoples opinon so many trades. Because I know that I have an edge and like a casino the hands(trades) placed the more I know over the long run I will win. I don't know which trades I will win or lose but I know that I win 60-90% of the time with returns of 1:1 up to 50:1. So why wouldn't I place the trade. If I am going to sit my ass in front of my computer for 16hrs a day then I want to maximize the % I win to the extreme.


No matter if you were long or short during that swiss black swan I'm sure you got screwed.

As for risk I actually adjusted my leverage down to 10:1. I don't really watch risk as a hard number. I just trade between 2.5:1 and 10:1 depending how it looks. I'm trying to survive the game so I can keep playing.

I'll take as many trades that come along if I can make money.
Trade Your Way as Long as It Makes Money!

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Fri Jun 17, 2016 9:32 pm

v8power wrote:Working on my scalping ability and doing to angles/triangles what I do best. Dumbing it done to super basic ideas and not worrying about if its right or not. Just applying it to my charts. Over 300 pips for the day off of one pair. Only traded one pair. Didn't use HTF just 5m and 1hour. SL was 10 pips. Not to shabby.

gbpusd-m5-oanda-division1.png


300 pips scalping in one day is wild.
Good for 1 day
Good for 1week
Good for 1month :mrgreen: (would have to trade 10 lots tho)
Trade Your Way as Long as It Makes Money!

v8power
rank: 500+ posts
rank: 500+ posts
Posts: 959
Joined: Fri Oct 17, 2008 8:20 pm
Reputation: 15
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby v8power » Fri Jun 17, 2016 9:51 pm

You want a glimpse into my twisted mind. I don't care about wining trades on a day to day basis or being up whatever %. Each week is the start of a new game. The game is this. You have x% to risk and your goal is not to make small gains. Your goal is either to lose all of x or make 10%,100%,1000%. Here is how you risk .1% per 10 pips, 1% max risk for the whole week and still add a zero by the end of the week (over 4,000pips gained). This is just my way of looking at the markets. I don't want normal or average.

gbpnzdpro-h1-tradeking-forex-llc.png
gbpnzdpro-h1-tradeking-forex-llc.png (115.78 KiB) Viewed 161 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”