prochargedmopar wrote: v8power wrote:
The Procharged Breakout.
This is a play on the London Breakout Box. But you wait for the US session and can only take a trade if there was no breakout. Count to see how many times you would have lost in the London session(4). Then multiply that by what you would have risked (3%). This gives 12% to risk per trade. (for the example in the chart)
You can supercharge this setup with a special MM called mini pips
What are mini pips. 10 mini pips for every regular pip. Whats the advantage. In your mind it will seem like your using a large sl (50 mini pips) and you will naturally target more pips and let trades run. Also your winning trades will trump your loses. . You could add a zero to your account in just a few days.
In the example below you would have been stopped out the 1st time(-12%), but would have won the second (6000 mini pips and 370%). One day, one trade and on are way to a zero. Cant beat that.
Most of you will laugh. But how many of you have blown account after account out. How many of you have not added a zero to your account. The majority of us shouldn't need a indicator to figure out there sl or attempting cones and angles when you don't even understand a horizontal line. And don't get me wrong I do like macros and think cones are great for those that no how to use them. Keep it simple stupid.
You trade like @priceactionkim. (Kim Komprass) with a 8-10 pip SL on all trades.
Its space balls in reverse except she only uses 1/2% risk then lets em ride.
All she uses is a horizontal line and Daily H/L's.
You have got balls and learned not to fear losses.
Cuddos to you as yoir a rare animal.
I use to use large risk with super small stops in the beginning but COULD NEVER LET TRADES RUN.
Back to square one.
There is nothing rare about me. Es and dragon had small sl 15-25 max. Dragon also held for big pip gains. But his accuracy and the way he added to his tradez make me look like a complete noob.
The forums are dead and suck compared to back then. They were posting there trades everyday and doubling there accounts everyweek. You had bredin, breathan, jala, capt p and some others good traders starting to post then and were able to learn from them. MO was showing different trade ideas all the time and was cocky as hell then. He is more Disney and humble in his trading now.
No one post now it seems like. I post herd and there put not a single person comments and literally everything I post about is from the beginning. Everyone must be billionaires.
That was a completely made up method and MM that I would never do. Not on a real account. Maybe i will open a 100 account, log it all here and add 3 zeros to my acount in a month just to prove that u dont need to know anything about the markets to make money. Jjst big wins to wipe out ur losses, consistency and belief in ur self.
I have multiple accounts pro. My "real" account is an amount that cant just be replaced by going out and getting a job. That one the risk starts small and is increased with OPM. I would consider 100% gain more tben enough on it. Then I have my "job" account that i take 90% each month. That money is what I live off of and put in other investments. Then the friends/family/charity account. And my "dont try this at home kids" account. Thats the one i put 3 zeros (almost 4) on already.
No same trade is placed on any account incase something major were to happen. It also covers me if one broker is down and I need to place a trade. I can do it on another one.