The ideas that I trade by:

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Apr 22, 2016 8:17 pm

MightyOne wrote:
aliassmith wrote:Seems like a weekly target would be better to manage.
1% = 5.1% +0 48Wks
2% = 10.4% +00 48Wks


3 lines = 1% and my target is 63.6 lines per week or 21.2%

My minimum target is 30.3 lines per week.


1% a day doubles an acct in 66 days.
Starting with $500 it would take about 3yrs to become a millionaire.

Seems a lot more feasible to be a turtle.
If I start now I'll have a little cash in my pocket when I retire in June of 2019.

Guess its my choice.
Retire broke OR with a little fun money.
Either way. F workin.
#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: The ideas that I trade by:

Postby prochargedmopar » Fri Apr 22, 2016 8:27 pm

10 pips a day is pretty easy even during Asia.

Trouble is it takes $1 pips with a $1k acct to make 1%.

That's excessive risk in my book.
#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

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 22, 2016 11:25 pm

prochargedmopar wrote:10 pips a day is pretty easy even during Asia.

Trouble is it takes $1 pips with a $1k acct to make 1%.

That's excessive risk in my book.


Not if you trade macro pips and target 5.2% a week
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby prochargedmopar » Sat Apr 23, 2016 12:59 pm

aliassmith wrote:
prochargedmopar wrote:10 pips a day is pretty easy even during Asia.

Trouble is it takes $1 pips with a $1k acct to make 1%.

That's excessive risk in my book.


Not if you trade macro pips and target 5.2% a week


So ur sayin trade 5 pairs and reel in 50 pips each?

Instead of taking a breakout on one pair targeting 10 pips with a 15-30 pip sl......
Look at a D1 and weekly chart then go for 5 macros on each pair with a 3-5 mp sl?
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: The ideas that I trade by:

Postby prochargedmopar » Sat Apr 23, 2016 1:03 pm

If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
#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: The ideas that I trade by:

Postby aliassmith » Sat Apr 23, 2016 1:54 pm

prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1


Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x :idea:

Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.

Risking .8% to make 1% is easier, about 44% accuracy.

If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.
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Re: The ideas that I trade by:

Postby salezyakuku » Sat Apr 23, 2016 3:00 pm

4 weeks with Eights and my trading developed. Usually risking 1% per 4 macro. Yesterday total -8 small pips = +1,75% is Macro Magic.

BTW. I received some "token" so I spent it on amber glasses, I'm not a eyewear fan (including sunglasses) but I'm impresed.
Last edited by salezyakuku on Sat Apr 23, 2016 5:53 pm, edited 1 time in total.
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Re: The ideas that I trade by:

Postby prochargedmopar » Sat Apr 23, 2016 3:21 pm

aliassmith wrote:
prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1


Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x :idea:

Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.

Risking .8% to make 1% is easier, about 44% accuracy.

If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.


Any time I ever put two exact order sizes I'm limited by fifo for manual exits.
It the trades are 1 unit difference I can close the trades manually "in any order I want".
If I use exact size but use a LIMIT order to exit it will close them "in any order I want.".
#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

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Sat Apr 23, 2016 6:02 pm

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1


Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x :idea:

Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.

Risking .8% to make 1% is easier, about 44% accuracy.

If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.


Any time I ever put two exact order sizes I'm limited by fifo for manual exits.
It the trades are 1 unit difference I can close the trades manually "in any order I want".
If I use exact size but use a LIMIT order to exit it will close them "in any order I want.".


Well if they are the same size at the same price it doesn't matter which one is closed so fifo wont matter(from a trading standpoint). If you do add ins then for sure 1 unit different.

Point being that scaling in and out is helpful and with a single order you are limited
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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 25, 2016 1:46 pm

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