The Weekly Crash Zone

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

Brookmyre
rank: 150+ posts
rank: 150+ posts
Posts: 192
Joined: Wed Sep 16, 2009 11:13 pm
Reputation: 0
Gender: Male

Postby Brookmyre » Sun Mar 14, 2010 6:28 am

Thx.
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sun Mar 14, 2010 9:24 am

Since this thread is about targets I might as well add the ultimate target: ADDING ZEROS TO THE END OF YOUR ACCOUNT (by year end)!

8 to 1 leverage: (25p = 2%)

+0: 21.2%c = 265 pips per month (1k - 10k) While sleeping...

+00: 46.8%c = 585 pips per month (1k - 100k) Not impossible.

Quitting your job:

Step 1: save 10% of your gross earnings and add a zero to it in the markets duplicating your income.

Step 1b: If you happen to add two zeros then skip step 2.

Step 2: After you replace your income you only need 6%c or 75 pips per month (es/pip stop laughing in the background) to maintain your standard of living.

Step 3: With 2x gross income in your account withdraw half and go to Step 2 (don't spend Uncle Sam's Money!).

That was easy wasn't it :smt069

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:

Postby prochargedmopar » Sun Mar 14, 2010 1:21 pm

I'm learning about the deeper fib retraces to 79% and setting your profit target at 127% ext.

This appears to be very close to what the forexmentor's group SEE's also.

Nice explanation you have here.
#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
rank: 1000+ posts
rank: 1000+ posts
Posts: 1666
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Sun Mar 14, 2010 2:50 pm

"A non-momentum candle will nearly always make it to target 1.

And a momentum candle will nearly always make it to target 2. "

MightyOne,

How do you handle the above information?

By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?
Trade Your Way as Long as It Makes Money!

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Mar 14, 2010 5:08 pm

Image

Correct?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Mar 14, 2010 5:19 pm

Image

Correct?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sun Mar 14, 2010 5:58 pm

TheRumpledOne wrote:Image

Correct?


It looks good to me :wink:

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sun Mar 14, 2010 6:34 pm

aliassmith wrote:"A non-momentum candle will nearly always make it to target 1.

And a momentum candle will nearly always make it to target 2. "

MightyOne,

How do you handle the above information?

By making a decision if it is non-momo or momo or by taking profits
at T1 and then close the remaining at T2?


At the very least you should trade to target one since it is almost certain that price will go there.

If you take a RAT TRADE off of the daily low and inside of target one then you would be shooting for target 2 (keeping your eyes peeled for a reversal setup).

When you find yourself inside of target 2 you are probably sitting at the largest gain that you are going to get.

Should I Hold'em or should I Fold'em?

It is a tool to help you decide.

poltergeist
rank: <50 posts
rank: <50 posts
Posts: 39
Joined: Fri Jan 08, 2010 9:02 am
Reputation: 0
Gender: None specified

Postby poltergeist » Sun Mar 14, 2010 10:59 pm

What SL is the best in these TFs?

User avatar
tmanbone
rank: 500+ posts
rank: 500+ posts
Posts: 723
Joined: Sun Nov 15, 2009 3:52 am
Reputation: 0
Gender: Male

Postby tmanbone » Sun Mar 14, 2010 11:13 pm

EDIT: After further review of my post I realized I need to study this more before I comment.
"The simplicity of the markets is it's greatest disguise"

T

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


Return to “beginners forum”