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Braathen
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Postby Braathen » Wed Jan 04, 2012 3:47 pm

Kreslik Banter = Best Banter!

Anyway.. space! the final.. omg.. anyway so after some reading and a few good trades after Xmas i had to give this a go.. i mean the whole decreasing lot thing is just *censored - swear word* nice :) and ofc i think i finally found a way i can add in peace..
I did not get all this done the way its shown on the chart.. i made mistakes with the math etc so boxes in pic 1 are off a bit in size.. any comments on my math and understanding of space would be much appriciated
I ran out of lots.. but looking at EU right now u can see where this could have went
Image

and then...
Image
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Thu Jan 05, 2012 9:01 am

So pretty these CC's can be :)
Not gonna write up boxes as i totaly screwed up the adding again and need to look get an easy and fast way i can get the numbers together..
Some really beutifull stuff on EU today..heres a smaller pic then last time lol

Image

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MightyOne
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Postby MightyOne » Thu Jan 05, 2012 2:23 pm

Passive: reduce space by 10-20%

Fibonacci: 3/5/8/13/21 or 6/10/16/26/42 and reduce in the same way.

Kamikazi: set a 60, 50, followed by 40 ret. If not at max buying power you are within one 50 ret of max.

If you have 3 lots at 113 pips & add 1 lot at 146 pips then you have 4 lots & 109 pips from the transaction price: (3/4) * 146.
If you add 5 lots at 190: (4/9) * 190 = 9 lots and ~85 space.

If your initial lot size over x space equals 5% then your risk is 5% no matter how many times you resize the box.

To keep things easy I calculate my risk at say $0.10/pip. If my lot size is 5 and a pip is really worth $0.12 then (10/12) * 5 = 4 lots.

$1,000 account, 5 lots & 100 space equals $50 ($0.10/pip per lot)
Real pip size is $0.12: ($0.12 * 4) * 100 = $48.

Anything over the balance to be doubled is used as lot size & space.

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MightyOne
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Postby MightyOne » Thu Jan 05, 2012 4:01 pm

I can't believe that it has already been three years since I joined Klik.

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prochargedmopar
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Postby prochargedmopar » Thu Jan 05, 2012 6:19 pm

About same time I did, and all my friggin accounts are still at the same balance!! Knowledge gained without wisdom has only gotten me 3 yrs closer to death.
Funny thing though, life is still good. And as you have said, as long as I dont think it can get better Ill never again be depressed. Hell, too busy to get depressed anyway. :)
#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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Postby Braathen » Thu Jan 05, 2012 9:19 pm

As always i thank u for sticking me some help MO :)

So a few things are not clicking for me.. ive seen u use the ret on your boxes in pictures.. but what are u doing at the ret lines? (i really would like to ask an intelligent question on this subject so i will be going back over your posts)

Another thing is why am i dividing 4 by 9 or 3 by 4 ? (again would love to be able to phrase this better but alas.. I will be striving to better myself at math over the coming months)

yeah i came shortly after u guys and its been a hell of a rollercoaster ride.. in all ways.. especially in the emotional sector :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Thu Jan 05, 2012 9:54 pm

Ok so i see that this obviously makes the boxes alot smaller then what i was doing thus buffing the shield more :)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Thu Jan 05, 2012 10:28 pm

"Your position is always the 100% RET."

"6/4 for more space, price holds and stands poised to cancel out some momo, 4/7 setting a 57 Ret, there is a quick burst,
7/5 adding 40% space, or maybe 7/0/5 = liquidate and return later with 5 lots and 40% more space."

So here your going from 4 lots to 7 setting ur box at 57% of initial size? so am i to understand that i wont be adding to the initial pip box size,
i will be sizing it up and down between the original 100% compared to how much space i feel is needed at the time and when i manage space the box will be set from that new position?

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Braathen
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Postby Braathen » Fri Jan 06, 2012 12:17 am

ok so what a load of rubbish ive been asking anyway.. as always i should just keep reading before i speak my mind...

"Maximum risk is 38 * 0.09 or 3.4%" where does the 0.09 come from?

Ok

Account size 200$
risk 3.4% = 6,8$
Lot size = 0.3
Space = 67,8
Box = 22.6

Gain 11 pips boosting me to 100,8 space
now i 3/4 and my space is now 75,6
Box then being sqweezed down to 18,9

Sudden burst 40 pips gained boosting me to 115 space
now i 4/2 and get 230 space and a 115 box.

Still look at "setting a ret" .. hmm :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Braathen
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Postby Braathen » Fri Jan 06, 2012 7:36 am

Above posts are.. crap..

Goodmorning euro's :)

ret is always 100% so a 22.6 pip box .. 11 pip move
do a 3/4 and your setting a ret of 84% with your new position
but isnt it easier just to do the actual pips instead of procent?
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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