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Braathen
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Postby Braathen » Thu Sep 06, 2012 12:52 pm

I hear you MO :D

But i only got 3 lots in atm and wont be adding.
The leg made yesterday i think is good so ill be trying to go into the
50% atleast :smt066
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Postby Braathen » Thu Sep 06, 2012 12:54 pm

The current situation with bonds.
Wont unlimited bonds devalue the eur?
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Postby Braathen » Thu Sep 06, 2012 12:59 pm

MightyOne wrote:
Image


personally, I'd take profit at the low of the red momo candle...but that is just me ;)


I really like your space setup on this trade.
I have setup the TRO_GOLDsweetspots at 125 and 250..
Cant find the II_sweespots you have .. maybe a one of a kind for you? :P
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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MightyOne
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Postby MightyOne » Thu Sep 06, 2012 1:16 pm

It is called II_MOD_SweetSpots; I could have swore that it was an insanity release but it looks like it is in the pay-per-view section.

I do not base any of my decisions on news reports.

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Braathen
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Postby Braathen » Thu Sep 06, 2012 1:21 pm

MightyOne wrote:It is called II_MOD_SweetSpots; I could have swore that it was an insanity release but it looks like it is in the pay-per-view section.

I do not base any of my decisions on news reports.


Yeah i saw that the 25$ didnt last forever lol :D

I dont base trades off news either. Im just trying to trade back into the range as i felt it wasnt gonna go higher yet.

But i do watch news all day atm.. dunno why really. And i cant seem to figure the bond thing out :P Gonna go read some more about it for lulz.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Postby Braathen » Thu Sep 06, 2012 8:06 pm

MightyOne wrote:
Image


personally, I'd take profit at the low of the red momo candle...but that is just me ;)


hehe :D

ahh well ;) i only managed to pull a few pips.

But im still feeling great about the last 2 weeks.
My trades have alot more potential due to space (i really enjoyed managing it today trying to stay short).

What is worrying is that i think im entering the high risk trades and missing the low risk :P Like today i was playing back in against the current "trend".
Im guessing the real body in direction of profit trade was long on the spike down.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Postby MightyOne » Sat Sep 08, 2012 2:28 pm

http://kreslik.com/forums/viewtopic.php?p=64589#64589

If you are risking 2% of $1000 & the smallest lot size on your fib tool is 4 lots then your space should be 50 pips.

Your risk will be 2% no matter which retracement line you enter at.

The only thing that is 'high risk' is the potential for price to pass the 00 line.

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Postby Karma » Sat Sep 08, 2012 3:37 pm

I'm sorry MO, I follow you all the way up until my lot size being 4 lots

50 to 1 leverage only gives me .5 lots as max buying power?
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Postby MightyOne » Sat Sep 08, 2012 4:13 pm

With a $1,000 account, 4 lots would be $0.40/pip.

If the pip value is $1.20 per mini instead of $1 then you:

$20 / (1.2 * 0.4) = Space@4Lots = 41.6 pips.

If the pip value were $0.50?

$20 / (0.5 * 0.4) = Space@4Lots = 100 pips

or you could take the lazy way out and just risk 2.4% instead of 2.

If you do not have a micro account then you are going to need a lot more money to trade this strategy ;)

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Postby Braathen » Mon Sep 10, 2012 9:34 pm

"The consummate act of genius is simply to see what is in front of you without your preconceptions and knowledge interfering.
The mind capable of fielding this weapon will have access to information that few others will access."

So trying to keep it simple. 50 pips/15$ risk over 0.3 lots

Braathen wrote: Image


I) I draw my space from the extreme

Space drawn from weekly+ high

II) I see a reason to enter on the 7 minute chart

Price closing below something (white line)

III) I enter a limit order on one of the retracement lines or place
a market order for x lots prior to the breakout of said line.

Ok so i entered a market order at 83 and adjusted my space to fit
the lots i wanted also giving me a bit of room at the top.

Really hope you dont look like this MO :D

Image
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