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

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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

Postby jrtrading » Fri Jun 17, 2016 9:52 pm

GBPUSD.png
GBPUSD.png (61.52 KiB) Viewed 121 times

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 9:53 pm

aliassmith wrote:
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)


You inspired me to get back to sclaping and influenced my style.

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 10:02 pm

aliassmith wrote:
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.


I agree and it was just a crude extreme example. I use extremes as examples that way the point I'm trying to show is seen easily. In reality there are other things always going on that could effect this or that.

I survive by pulling the majority of my money out of the markets. I could have a million dollar account and risk 1% or $10,000. Or a $100,000 account and risk 10% which is also $10,000. Only difference is the latter I have $900,000 as backup and could even be making money on with other things. But I don't have very much expierence overall so posts like yours and other vets always make a very profound impression on me.

I do want to expand into stocks, futures and options over the coming years. Also real estate but that will probably be the last.

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 10:07 pm

aliassmith wrote:
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)


Because always my trading skill is stolen from those that are better then me :mrgreen: Im sure this looks familiar
usdcad-m5-oanda-division1.png
usdcad-m5-oanda-division1.png (85.07 KiB) Viewed 117 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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

Postby jrtrading » Fri Jun 17, 2016 10:08 pm

Hope this is ok to post, was looking at the GBPNZD chart you posted earlier.

GBPNZD.png
GBPNZD.png (54.73 KiB) Viewed 115 times

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 10:23 pm

jrtrading wrote:GBPUSD.png


It justs depends on how you see breakouts/zlines and how price reacts/plays with S/R.

Purple lines show how price moves. Yellow line show the zline for when prices final shows some momo and the blue shows where it broke out. Price will almost always touch and play with the breakout line first. So it does and all the traders who moved sl to be and cuz of that it sends price back. So price still wants to go down and since all those sl have been triggered it now makes it way to the yellow line. There it meets more sl's and buy orders(however you want to look at it). Its to strong and sends price away and now there is a pink zline for another breakout. Prices test it twice and couldn't overcome all the sl and buy orders so it has to go up.

I look at it like a game of pacman. Price is pacman and he tries to eat the pips but he will hit spots with lots of sl and buy or sell orders. He will eat as much as possible, but if there are to many he has to leave and try again latter. Each time he returns to the same line the more and more orders he eats up so each visist weakens a line. Eventually he will eat through all the orders and then he is allowed to cross the line. But Im a little different in the head, so take what I say with a grain of salt :mrgreen:
Attachments
GBPUSD.png
GBPUSD.png (53.22 KiB) Viewed 112 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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

Postby jrtrading » Fri Jun 17, 2016 10:29 pm

v8power wrote:It justs depends on how you see breakouts/zlines and how price reacts/plays with S/R.

Purple lines show how price moves. Yellow line show the zline for when prices final shows some momo and the blue shows where it broke out. Price will almost always touch and play with the breakout line first. So it does and all the traders who moved sl to be and cuz of that it sends price back. So price still wants to go down and since all those sl have been triggered it now makes it way to the yellow line. There it meets more sl's and buy orders(however you want to look at it). Its to strong and sends price away and now there is a pink zline for another breakout. Prices test it twice and couldn't overcome all the sl and buy orders so it has to go up.

I look at it like a game of pacman. Price is pacman and he tries to eat the pips but he will hit spots with lots of sl and buy or sell orders. He will eat as much as possible, but if there are to many he has to leave and try again latter. Each time he returns to the same line the more and more orders he eats up so each visist weakens a line. Eventually he will eat through all the orders and then he is allowed to cross the line. But Im a little different in the head, so take what I say with a grain of salt :mrgreen:


Thanks a lot for taking the time to write this, v8power - it was very helpful.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

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

Postby prochargedmopar » Fri Jun 17, 2016 10:32 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



And your not a trader extraordinaire?!?

:roll: :^o
#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

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5544
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

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

Postby prochargedmopar » Fri Jun 17, 2016 10:36 pm

v8power wrote: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


Your mind is not twisted.

All successful traders have come to grips with loss.
They think about loss in a different light than those who are unsuccessful.
Getting what a person wants out of life is Impossible without RISK.
You are just someone willing to put it on the line.
Your have a willingness to let go.

This is far from twisted.
#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
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 10:43 pm

jrtrading wrote:Hope this is ok to post, was looking at the GBPNZD chart you posted earlier.

GBPNZD.png

Everything is ok to post in here, the more the better. Aqua lines show tp area's and magenta show sell area's. Look how perfectly they hit price and line up. Weekly chart just shows the weekly mz trade.
gbpnzdpro-mn1-tradeking-forex-llc.png
gbpnzdpro-mn1-tradeking-forex-llc.png (132.65 KiB) Viewed 91 times

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


Return to “TheRumpledOne”