## Libertarians take on trading

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MightyOne
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### Re: Principles...

Mira wrote:
Yep, this post tells more than 100 trading books.

Ok the link is not working good
BTW.. page 139. I’m writing it for the people who will come.

I don't need or use diamonds or fractals on a regular basis; they are simply curiousities.

Libby wrote:... You keep saying our aim should be to consistently apply our principals. What are our principals? Can you review...

1. Risk-boxes:
Your most powerful weapon is the ability to manipulate your position size.

The simplest risk box is 8 lines and it is 8 because +1 line, 9/8, increases size by 12.5%

If you risk 2 lines per trade then you have 4 trades: 8-6, 6-4, 4-2, 2-0.
If you restore 1 line then you have 7 trades: 8-6, 7-5, 6-4, 5-3, 4-2, 3-1, 2-0 or you can prolong it: 4-2, 4-2, 4-2, 3-1, 2-0 ... instead of S(2/3) it is size(2/4).

If after a trade your lines total 12 then you can split your risk-box instead of increasing size:
BOX1: 8 lines of \$50, +2.5 lines is 50(10.5/8) or 8.076 lines of \$65
BOX2: 4 lines of \$50, +2.5 lines is 50(6.5/4) or 4.062 lines of \$80
---------------------------------------------------------------------------------
Recombine the boxes when you are done: 65((4.062(80/65) ) + 8.076 ) = \$849.90
50(12 + 5) = \$850

The better your line management and stacking the better your results.

2. Range:
This helps you use the right position sizing as well as judge how far price will expand in a particular direction.

Small position size small targets, large size large targets; that is all that you really need to know.

3. Line Widths:
This is all that we mean when we talk about 'trading' a chart: 'move up the charts' = 'use wider lines'.

4. Large Chart Price Levels:
A pattern is one side of a line & the breakout is the other: I think that everyone can tell the difference between a boulder and an obelisk

You didn't see it coming because you were not looking or it left you behind because you didn't have the endurance to see it through.
EURUSDDaily.png (15.51 KiB) Viewed 503 times

I can't even count how many times I have said "if only I had been watching the [large chart]"
Sometimes you get so caught up trading small charts that you forget where you're at & where you are going
(large charts have to move sometime).
EURUSDWeekly.png (20.16 KiB) Viewed 503 times

5. Stacking:
Needs no introduction.
It is the difference between winning and losing.

6. Common Triggers:
1. Price closes in an area of interest
2. Price exits the area of interest

c_triggers.png (8.85 KiB) Viewed 503 times

Everything else isn't really that important to me

Thank you for your support.

MightyOne
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### Re: Principles...

Libertarian wrote:This is a message for Mighty Joe Young,...

And please, Libby, only the ladies call me "Mighty one mighty Joe young"
That name is off limits

Libertarian
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### Re: Libertarians take on trading

I'm getting there Mighty ONE This post is very helpful. I was practicing my lines on the EU and going to do a post but you were so kind as to beat me to it. Looks like I was of the idea that you were.

You really do always chase the same ideas MO, consistently apply your principals. Simple truths.

eurusd-d1-capital-city-markets.png (55.61 KiB) Viewed 577 times

EDIT: I'd do my lines a tad differently after this.
Last edited by Libertarian on Wed Dec 06, 2017 8:17 pm, edited 1 time in total.

Libertarian
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### Re: Principles...

Surely some of them call you daddy

MightyOne wrote:
Libertarian wrote:This is a message for Mighty Joe Young,...

And please, Libby, only the ladies call me "Mighty one mighty Joe young"
That name is off limits

MightyOne
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### Re: Principles...

Libertarian wrote:Surely some of them call you daddy

Nope.

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Thank you for your support.

Mira
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### Re: Principles...

MightyOne wrote:
Libertarian wrote:Surely some of them call you daddy

Nope.

women.png

Immagine.png (30.25 KiB) Viewed 559 times
__________ THE IS A LIE__________

Libertarian
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### Re: Principles...

You *censored - swear word* got me

Extra point for the Gremlins reference.

MightyOne wrote:
Libertarian wrote:Surely some of them call you daddy

Nope.

women.png

MightyOne
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Libertarian
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### Re:

Some accountants were inquiring about buying Bitcoin in the office today

MightyOne wrote:BTCUSD.png

Great tune BTW

TygerKrane
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### Re: Libertarians take on trading

aliassmith wrote:
MightyOne wrote:These are the recent minimum spreads as recorded by OANDA.

USDZAR_HISTORY.pngTRYJPY_HISTORY.png

Ended up looking at the USDTRY. It had about a 5 pip spread but moves about 3x the GBPJPY. I think the margin is really low also. It could be my new love

Were you looking at the average spread?
Right now, 6P EST, I see the spread as @60 pips on Trade Interceptor, and @100 pips on Oanda

Maybe I need to check back during the Euro/US session crossover.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!