Mark Mark Trading Epic

[IgazI]

Hello, friends. I decided to rest a little. While saving up money for trading on a real account. What is the minimum deposit you recommend to start with?

How much money do you want to put at risk per trading day? that is the biggest question.

A maximum daily risk allowance of $200 to $500 and a per trade risk of ~30% is where I would suggest that you start.

You're going to need at least 10 days of risk + margin for your largest lot size.

[IgazI]

LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

Price will either move up through lines or down through lines & there is nothing that you can add to the chart to make it any simpler.

opt_ions_MKMK.png (104.55 KiB) Viewed 2633 times

[aliassmith]

LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

Price will either move up through lines or down through lines & there is nothing that you can add to the chart to make it any simpler.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

[IgazI]

LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'
The advanced idea is 'you've made it too complicated, turn back'

save+MKMK.png (162.52 KiB) Viewed 2583 times

[aliassmith]

LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'
The advanced idea is 'you've made it too complicated, turn back'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

[IgazI]

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'
The advanced idea is 'you've made it too complicated, turn back'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

I know what numbers I am looking for and when I see it then I'll just go with it;
I will bring my stops in close and place a re-entry stop if it is hit, but never at a worse price than the triggered stop;
if price retraces as far as a target rotation number then I will give up on the previous trade and the trigger will be based on the current rotation.

There is no right or wrong, just paint what is in your heart

[aliassmith]

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'
The advanced idea is 'you've made it too complicated, turn back'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

I know what numbers I am looking for and when I see it then I'll just go with it;
I will bring my stops in close and place a re-entry stop if it is hit, but never at a worse price than the triggered stop;
if price retraces as far as a target rotation number then I will give up on the previous trade and the trigger will be based on the current rotation.

There is no right or wrong, just paint what is in your heart

Sounds very Bob Ross

[IgazI]

И ам онлы гоинг то тыпе ин факе Руссиан унтил Марк Марк ретурнс =}

[dojirock]

Ну хорошо тогда

[Mark Mark]

I will be return to thread when I will have 100$ on my account. And I will post my trades. It will be soon)
КСТАТИ ПЕРВОЕ АПРЕЛЯ ЕЩЕ НЕ НАЧАЛОСЬ НО УЖЕ ЗАМЕТИЛ ПРАНКИ