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Braathen
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Postby Braathen » Thu Oct 04, 2012 5:53 pm

At the moment im trying to focus the accumulation of lots.

Diffrent colours are my space at the time.
My math skills are horrible still, witch gives me
problems when trying to figure out my plan.

I kept sticking profit in the space at 04 so i could
accumulate more lots at the ret's while always leaving 0.4 lots running
just in case :D

Last one sould be 4/18, 18/4.

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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MightyOne
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Postby MightyOne » Fri Oct 05, 2012 4:31 am

Braathen wrote:At the moment im trying to focus the accumulation of lots.

Diffrent colours are my space at the time.
My math skills are horrible still, witch gives me
problems when trying to figure out my plan.

I kept sticking profit in the space at 04 so i could
accumulate more lots at the ret's while always leaving 0.4 lots running
just in case :D

Last one sould be 4/18, 18/4.

Image


06, the +50% lot size, I love that line! ;)

Great accumulation Braathen!

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Braathen
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Postby Braathen » Fri Oct 05, 2012 4:39 am

Thanks MO!

I was also looking at your picture in doji's thread,
what do you mean by out of reach? (im sure this is very simple but :D)

Also to dojirock.. dude those are some nice % ur bringing in the bag.. well done sir :D

Alas i must see to family matters today so i will be away from the screen.. good luck all!
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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PebbleTrader
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Postby PebbleTrader » Fri Oct 05, 2012 3:23 pm

It meant that price was too far away to take a long trade.
Life is just a journey

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MightyOne
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Postby MightyOne » Fri Oct 05, 2012 5:46 pm

What he said ;)

By the way, it is not 6/4 at 04 it is 6/0.

6 lots becomes the 04 line with 6/0 and then the lines below it are read:

+25%, 50%, DOUBLE, TRIPLE, QUINTUPLE lots.

You don't have to liquidate at 04, you just need to set the 04 line on your exit price.

If instead of 6/9 (+50%) you want to 6/12 then you would move the 08 line (DOUBLE) to the 06 price without changing the space; this will cause your position to rise slightly.

What about 9 lots +50%, how does that work?

I will do 9/13 and consider the rest TP.

If price is between 06 & 08 you can place a market for 6 lots.
If price is between 08 & 12 you can place a market for 8 lots.
Instead of calculating a lower position you can call it TP.

The Fibo tool is just a cheat sheet so that you can plan your accumulation without touching a calculator.

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MightyOne
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Postby MightyOne » Fri Oct 05, 2012 6:16 pm

Image

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Jalarupa
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Postby Jalarupa » Sat Oct 06, 2012 1:23 pm

MightyOne wrote:
Image


Okay so that looks very interesting and I'm sure if I go through it with a fine tooth comb I will get the just of what you are saying...

Image


Please have a look at this and comment

The story goes like this...

I enter off the Daily Open with 60 pips space using 4 lots which for arguments sake is 2.4% risk...

I liquidate 85 pips up the road and now own 85 pips profit and 145 pips Risk Space (stop me if I'm going astray here)

I now take the 85 pips (the Fibo replicated) and move it to support below the next daily open where I enter with 8 lots and my break even lin is now the 00 on the Long side...

I liquidate at a 60 pip gain... how much space do I have now and how do I resize my fibo tool to maximize further gains in either direction?

thanks for your time...
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MightyOne
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Postby MightyOne » Sat Oct 06, 2012 6:49 pm

Your space is simply from 00 up to your liquidation price.

You had 4 lots / 85 pips.

You can reenter with 8 lots at 42 pips from 00 (yes you can move the whole of space to a higher position first).

A 60 pip gain would then put you at 102 risk space.

The 4 lot line is now 8 lots and each line below it is +25%, 50%, double, triple, quintuple lot size.
If you 8/13 and liquidate at x then x becomes the 4 lot line which is now 13 lots; add 25, 50%, etc at one of the lower lines.

There is also nothing wrong with keeping your risk space the same size so that everything above the 4 lot line goes into your pocket.

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Jalarupa
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Postby Jalarupa » Sat Oct 06, 2012 7:43 pm

MightyOne wrote:Your space is simply from 00 up to your liquidation price.

You had 4 lots / 85 pips.

You can reenter with 8 lots at 42 pips from 00 (yes you can move the whole of space to a higher position first).

A 60 pip gain would then put you at 102 risk space.

The 4 lot line is now 8 lots and each line below it is +25%, 50%, double, triple, quintuple lot size.
If you 8/13 and liquidate at x then x becomes the 4 lot line which is now 13 lots; add 25, 50%, etc at one of the lower lines.

There is also nothing wrong with keeping your risk space the same size so that everything above the 4 lot line goes into your pocket.


Image


Thanks for the explanation, I think its all coming together now...

So would it be correct to say that I can take the 60 pips gained at 8 lots and short at 10 Lots for the same 60 pips...?
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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MightyOne
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Postby MightyOne » Sun Oct 07, 2012 2:55 am

(8/10) * 60 = 48 pips

10/8 = +25% lot size:
Size the fibo to 60 pips and measure from 00 to the 5 lot line and you will see that the distance is 48 pips.

If you place a limit order on the 5 lot line (+25%) then you can trade 10 lots without moving your position or increasing your risk.

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