Hangaround Lounge
Moderator: moderators
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- Braathen
- rank: 500+ posts
- Posts: 615
- Joined: Mon Jul 20, 2009 6:21 pm
- Reputation: 15
- Location: Infront of the PC O_o
- Gender:
What u mean this aint so simple?
The GPU picture.. im not sure what u mean by convert gains to min. size
or what the x3's are.. are u adding as price closes higher?
Im trying to get myself to put space in positions that look like yours
on the end of last week.
Anyway i must go to bed now eyes and brain dont function anymore
The GPU picture.. im not sure what u mean by convert gains to min. size
or what the x3's are.. are u adding as price closes higher?
Im trying to get myself to put space in positions that look like yours
on the end of last week.
Anyway i must go to bed now eyes and brain dont function anymore
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
The fibo tool is sized to the minimum lot size (currently 4) with the min account size of: 1.000,10.000, 100.000, 1.000.000.
If your account size is a multiple of these numbers, say $3000, then the 4 lot line is 12 lots (3 x 4) not 4.
My rule is to trade the max multiple; if you had $3000 and you currently have $2,400 then size your space as if you had $3000.
Trading is a war for space not a war for pips:
Fold a piece of paper 3 times and you are looking at an 8 lot gain.
Unfold it: once and you have a 4 lot gain, twice and you have a 2 lot gain,
& once more and you have a 1 lot gain.
Likewise you can have a large 1 lot gain and then fold space to rapidly increase the profit potential of your subsequent trades; and then unfold it again into a high probability long term trade (think Macro Rat).
Now I am not saying that you should trade anything less than 3 lots =)
But I am saying that mastery of space and position sizing will give you the ability to do most anything successfully.
If your account size is a multiple of these numbers, say $3000, then the 4 lot line is 12 lots (3 x 4) not 4.
My rule is to trade the max multiple; if you had $3000 and you currently have $2,400 then size your space as if you had $3000.
Trading is a war for space not a war for pips:
Fold a piece of paper 3 times and you are looking at an 8 lot gain.
Unfold it: once and you have a 4 lot gain, twice and you have a 2 lot gain,
& once more and you have a 1 lot gain.
Likewise you can have a large 1 lot gain and then fold space to rapidly increase the profit potential of your subsequent trades; and then unfold it again into a high probability long term trade (think Macro Rat).
Now I am not saying that you should trade anything less than 3 lots =)
But I am saying that mastery of space and position sizing will give you the ability to do most anything successfully.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
I am going to try out these number next week so that I don't have to keep messing with the fibo tool every time I want to reverse:
0
0.2
0.3333
0.5
0.6666
0.8
1
You don't have to buy 12 lots on the 12 lot line, you can buy any number of lots up to a max. of 12.
If you buy 6 then move the 6 lot line down to the 12 lot price without changing the space.
0
0.2
0.3333
0.5
0.6666
0.8
1
You don't have to buy 12 lots on the 12 lot line, you can buy any number of lots up to a max. of 12.
If you buy 6 then move the 6 lot line down to the 12 lot price without changing the space.
- Braathen
- rank: 500+ posts
- Posts: 615
- Joined: Mon Jul 20, 2009 6:21 pm
- Reputation: 15
- Location: Infront of the PC O_o
- Gender:
Ha! I love it lol Simplicity at its best
"You don't have to buy 12 lots on the 12 lot line, you can buy any number of lots up to a max. of 12.
If you buy 6 then move the 6 lot line down to the 12 lot price without changing the space."
This is a great idea especially for a noob like me. Give yourself extra buffer
by choosing a smaller lot size at the ret you like. 9-20 lots can be intimedating.
"You don't have to buy 12 lots on the 12 lot line, you can buy any number of lots up to a max. of 12.
If you buy 6 then move the 6 lot line down to the 12 lot price without changing the space."
This is a great idea especially for a noob like me. Give yourself extra buffer
by choosing a smaller lot size at the ret you like. 9-20 lots can be intimedating.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
- Jalarupa
- rank: 1000+ posts
- Posts: 1300
- Joined: Tue Feb 23, 2010 5:50 pm
- Reputation: 324
- Location: South Africa
- Gender:
Okay so let me see if I understand whats is going down in here...
You take your normal Space (Box Size) and extend the Fibo tool over that stretch from the Weekly Extreme...
Towards where you foresee price moving and then you enter with a greater lot size (based on the same risk%) for a greater gain when price moves to your target?
Or have I missed the boat?
You take your normal Space (Box Size) and extend the Fibo tool over that stretch from the Weekly Extreme...
Towards where you foresee price moving and then you enter with a greater lot size (based on the same risk%) for a greater gain when price moves to your target?
Or have I missed the boat?
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
It's easier to enter into the realm of insanity once you understand that you have been duped into thinking that money is real and you have very little liabilities.
Watch the Zeitgeist #2 to better understand how money isn't real.
It is only real if the masses believe it to be so. Outside of "the
matrix" it is just a worthless piece of paper.
Money is a store of value (albeit not a very good one) and convenience. You no longer need to go
to the market with actual goods and livestock (say 10 goats) in order
to buy something (convenience).
How can something be real if it can be created out of thin air and
backed by nothing / very little?
How can something be real if it's value is constantly changing /
fluctuating, in such a way that it is always stealing from you?
(de-valuing what you have)
Dollars = Debt = Slavery
Built into every single dollar is a debt that must be repaid to the banks.
Thus the non-stop ongoing cycles of production and consumption...debt
and slavery (modernized form).
Most people struggle with money their whole life yet money is not even real!
Watch the Zeitgeist #2 to better understand how money isn't real.
It is only real if the masses believe it to be so. Outside of "the
matrix" it is just a worthless piece of paper.
Money is a store of value (albeit not a very good one) and convenience. You no longer need to go
to the market with actual goods and livestock (say 10 goats) in order
to buy something (convenience).
How can something be real if it can be created out of thin air and
backed by nothing / very little?
How can something be real if it's value is constantly changing /
fluctuating, in such a way that it is always stealing from you?
(de-valuing what you have)
Dollars = Debt = Slavery
Built into every single dollar is a debt that must be repaid to the banks.
Thus the non-stop ongoing cycles of production and consumption...debt
and slavery (modernized form).
Most people struggle with money their whole life yet money is not even real!
Life is just a journey
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.