The ideas that I trade by:

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Wed May 18, 2016 4:33 pm

Holy smokes,

I got out of bed and while getting dressed to go lift weights I was laughing.
Said to my wife,
I don't know what it is but I seem to piss people off on web boards.

She says:
"Ive read some things you've written before,
It's because your a know-it-all that doesn't make any money"

Crap.
#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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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Wed May 18, 2016 4:50 pm

prochargedmopar wrote:Holy smokes,

I got out of bed and while getting dressed to go lift weights I was laughing.
Said to my wife,
I don't know what it is but I seem to piss people off on web boards.

She says:
"Ive read some things you've written before,
It's because your a know-it-all that doesn't make any money"

Crap.


HAHAHA now that made my evening :D your wifes a funny woman :wink:
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

v8power
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Re: The ideas that I trade by:

Postby v8power » Wed May 18, 2016 6:00 pm

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.

Image


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.

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Wed May 18, 2016 6:28 pm

V8power said;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.

Now that would be good fun!
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby v8power » Wed May 18, 2016 6:51 pm

aliassmith wrote:V8power said;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.

Now that would be good fun!


Haha, maybe toward rhe end of the summer when i am trading full time. Will say a full trading month is 22 trading days. I would have to double it twice every week and once on each of the last 2 days. Haha. It could easily be done. Had i used OPM a lil more aggressively I could had add a zero this week alone. Its not up to the trader, but up to the markets if they want to move or not and boy have they moved this week.

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Re: The ideas that I trade by:

Postby aliassmith » Wed May 18, 2016 6:58 pm

PRO said; An unwillingness to lose or accept losses is my only problem so I will keep searching for a way to make $$ that is acceptable to me.

See PRO your biggest problem is your exits.

Taking losses is part of the game. It is something you must master to be successful.
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby MightyOne » Wed May 18, 2016 7:02 pm

HIGH/LOW method on H4 takes the cake.

Each 'x' is the price above and below it so price must reverse 2 lines to change columns and 3 lines to mark a yellow point (don't ask) :lol:

I had to change the way P&F is plotted to make it more compatible with what we are doing.

NOTE: H1 'renko like' charts are good for short-term PA.

USDTRYH4.png
USDTRYH4.png (34.13 KiB) Viewed 603 times

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Re: The ideas that I trade by:

Postby v8power » Wed May 18, 2016 7:24 pm

One last thing. Why does everyone mention my sl as being small. It works for me and increases my RR. Don't say what if it spikes. If it spikes anything meaningfull it will blow by my 15 sl or someones 4 macro. But my trades need to only move 45 pips to make 3:1. Your making a 1:1. O you say you can hold longer. Have you seen my charts. I hold for 200-400 pips off of 15-20 sl. Even 10 sometimes. How can I do that. Cuz I make an effort to get a good entry.

dragon makes a post about how to fine tune his sl to 7 or 8 pips and is praised as a trading god. I use a basic 15-20 sl and Im told I should change what I do. What about this post from MO "I have a pyramiding method by which I start by risking 4% until I increase my account by 16% and then risk 8% until one loss.

It is called Forex 2x:

4% 4% 4% 4% (Forex)
8% (2x)

Think of loss as the Earth and your account as a rocket ship.
The further away the rocket ship moves from the Earth the smaller the Earth becomes (visually of course)."

He is risking 8% (opm). It is literally the same thing I do except I do 5 and 10. I based all my sl stuff off MO (the old stuff, that's not cool to use anymore).

Remember along time ago when you went 40 days straight making 20 pips. You took your account from 500 to about a 1,000. Now what would happen if you had used this method at 4% for ten pips (compounded after a cycle was completed 45-16%,8%-32%. 50%profit). O your account would have been at 28,000.00. Pro would have been a big time winner. Maybe retired years ago.

That's y I have balls. Your way made $500.00, mine(MO) made 23,000.00. That's a huge difference. Whats the worst that could had happened. Blown your account out and lost 500.00.

But to each there own. Do what works for you.

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Re: The ideas that I trade by:

Postby v8power » Wed May 18, 2016 7:26 pm

MightyOne wrote:HIGH/LOW method on H4 takes the cake.

Each 'x' is the price above and below it so price must reverse 2 lines to change columns and 3 lines to mark a yellow point (don't ask) :lol:

I had to change the way P&F is plotted to make it more compatible with what we are doing.

NOTE: H1 'renko like' charts are good for short-term PA.

USDTRYH4.png


I love renko, but don't know how to get it to work with forex charts. Care to share.

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Re: The ideas that I trade by:

Postby v8power » Wed May 18, 2016 7:37 pm

aliassmith wrote:PRO said; An unwillingness to lose or accept losses is my only problem so I will keep searching for a way to make $$ that is acceptable to me.

See PRO your biggest problem is your exits.

Taking losses is part of the game. It is something you must master to be successful.


See pro. You should try smaller (not small) sl. At least I don't lose 1,000 pips on a trade or blow a whole $1,000 account in 1 day. 15 pip sl. 150 tp. 3% risked. 30% gain. 1 trade, 1 day. That's all you need and you can use double failures, MZ, extremes, crash zones, break in (just finally understood this idea this morning and cant wait to use it. See I really Im a slow and stupid trader.) They all work. "but its impossible to know where to enter, let alone be precise with entry". The answer to that is complicated. Rat entry. 5min chart just use a standard 10 pip sl. or 15m chart and use high/low of previous bar. Or use both one for short term profits and one to run. Let the 5min be the runner. Way better returns. Yes Im greedy.

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