The ideas that I trade by:

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 ideas that I trade by:

Postby jrtrading » Mon Jan 18, 2016 5:30 pm

Hi MightyOne

I wanted to ask, in addition to space/accumulation, what do you think about studying psychology?
Thanks.

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Mon Jan 18, 2016 6:05 pm

jrtrading wrote:Hi MightyOne

I wanted to ask, in addition to space/accumulation, what do you think about studying psychology?
Thanks.


You should study psychology every time you place a trade :lol:

If you cannot understand yourself then how can you understand someone else?

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

Re: The ideas that I trade by:

Postby jrtrading » Mon Jan 18, 2016 6:11 pm

MightyOne wrote:
jrtrading wrote:Hi MightyOne

I wanted to ask, in addition to space/accumulation, what do you think about studying psychology?
Thanks.


You should study psychology every time you place a trade :lol:

If you cannot understand yourself then how can you understand someone else?


Ok, thanks for your reply.
I have been thinking about doing this exercise, I think it may have been you who proposed it years ago.
When first sitting down at the computer just draw a horizontal line at current price and trade away from it.
If I am able to do that as an exercise, then putting that line close to an extreme (as in e.g. Bredins video and your teachings) should be great.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Re: The ideas that I trade by:

Postby dojirock » Tue Jan 19, 2016 2:09 am

Thats all it is.....

Its all about the line....
yet so many refuse to believe it....

:D
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Re: The ideas that I trade by:

Postby dojirock » Tue Jan 19, 2016 3:04 am

I have spent some time on Tradingview just so I could basket trade with the USDollar Index. Im amazed at how many traders Blow out there screens with junk. All kinds of indicators. Charts are just a reflection of criteria set by wall street to draw price. How many have really thought about that?
Really thought about that? My point being in complete agreement with TRO's Philosophy when it comes to trading. A Line. Pure and simple.
I have found my own calculation based on price to give me my lines. Entry without a doubt is at these lines. What makes my lines? I wont disclose that but believe me there are thousands of ways to come up with working lines. Mine is not the only way. These lines have nothing to do with a time chart. The calculation works on any chart. Why? Because its a predetermined way of placing them.

In the pics, only 3 entries and 2 exits on the 1st chart. My manual trading chart. 48 points ($20 a point). WTH?? How many points does one need in an hour?
Its not hard to figure out that I exit when I get an inner bar. I dont have a calculated line for exits. Just entries.

The second chart is a bot trading the same lines on steroids due to it efficiencies that I dont have manually trading it. Again 3 points at a time. In an hour!

My main reason for posting this is due to emails I still get about trading. It intrigues me for some reason to see some traders still struggling that have done the time here on Kreslik and still flounder. I hope this encourages them to think more freely, simplistically. To echo TRO, again, its about a line. Using Tro's Line methodology or whatever, I encourage traders to look at a chart, place a line, and really look at it...... Its all you need.....you will be amazed at what can happen.

doji
2016-01-18_2132.png
2016-01-18_2132.png (38.42 KiB) Viewed 1171 times
2016-01-18_2144.png
2016-01-18_2144.png (52.11 KiB) Viewed 1171 times
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Tue Jan 19, 2016 4:11 am

Thanks for taking the time to post doji :smt023

User avatar
laksh
rank: 50+ posts
rank: 50+ posts
Posts: 111
Joined: Tue Jan 05, 2016 5:11 pm
Reputation: 2
Gender: None specified

Re: The ideas that I trade by:

Postby laksh » Wed Jan 20, 2016 2:01 am

MightyOne,

To have a sincere go at turning 5000 USD into a million by end of 2016, what sort of money management & risk management strategy do you employ/recommend? Of course, considering that it does not matter even a bit, if entire 5K is lost whilst trying.. :roll:

"To every man there openeth a way,
And the high soul climbs the high way,
And the low soul gropes the low;
And in between on the misty flats,
The rest drift to and fro.
But to every man there openeth
A high way and a low
And every man decideth
The way his soul shall go."

From "The Master Key System" by Charles Haanel

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 20, 2016 9:20 am

laksh wrote:MightyOne,

To have a sincere go at turning 5000 USD into a million by end of 2016, what sort of money management & risk management strategy do you employ/recommend? Of course, considering that it does not matter even a bit, if entire 5K is lost whilst trying.. :roll:
...


Before we can talk about winning we have to talk about losing:

Losing it all is harder than you think. At a maximum risk of 1.5% it would take
about 2 weeks of 100% losers (blowing up your space) just to move down 1 level
where as any single win (a %target) will move you up one level.

[$5,000.00] <--- start here
[$4,127.01] <--- destroy space 14 times (-17.45974098866722%)
[$3,406.44] ...28 times
[$2,811.69] ...42 times
[$2,320.77] ...56 times
[$1,915.57] ...70 times
[$1,581.12] ...84 times
...& you still have 6 more waypoints before you are down by 90% (24 total weeks, 168 losses)

Now we can talk a little about winning:

A more realistic number would be 2000% or roughly 16 waypoints in one year using 21.153% waypoints.

It is possible to add two zeros and then some, but I wouldn't count on it :lol:

I will be starting an ideas II thread in March to go over the newer ideas.

MO_21153.png
MO_21153.png (26.32 KiB) Viewed 1022 times

salezyakuku
rank: 50+ posts
rank: 50+ posts
Posts: 135
Joined: Thu Mar 19, 2015 9:45 pm
Reputation: 21
Location: PL
Gender: Male

Re: The ideas that I trade by:

Postby salezyakuku » Wed Jan 20, 2016 1:37 pm

MightyOne wrote:I will be starting an ideas II thread in March to go over the newer ideas.

Whether you're planning some trailers before March? [-o< Trailers always build emotional journey. :lol:
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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

Re: The ideas that I trade by:

Postby jrtrading » Wed Jan 20, 2016 10:36 pm

dojirock wrote:I have spent some time on ...
doji


Yes, thanks a lot for posting dojirock.
I have already read your post several times.

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


Return to “TheRumpledOne”