THE 100 PIP CHALLENGE

[TheRumpledOne]

THE 100 PIP CHALLENGE

gbpusdh1.png (19.67 KiB) Viewed 34037 times

Pick your pair, your entry price and your entry direction (long/short).

If price goes your way for 100 pips before it goes against you 100 pips, you win.

Post your chart using the TRO_100_PIP_Challenge indicator to show your entry.

Who is up for the challenge?

[TheRumpledOne]

gbpusdh1.png (20.63 KiB) Viewed 33951 times

That's what a loser looks like... hit the red line before hitting the green.

[TheRumpledOne]

In today's inbox:


PERFORMANCE GOALS VS. OUTCOME GOALS

“Center your strategic plan around performance goals rather than outcome goals.
Performance goals are goals you control, like doing 200 curl ups or practicing relaxation skills for ten minutes daily. Outcome goals are goals you don’t control, like winning the tournament, making a particular ranking, or scoring a certain number of points. Outcome goals can backfire. Invest your energy in things you can control and the rest will happen automatically.
Dream big in the long run; think realistically in the short run.
It all begins with a dream for the future, and it all happens with what you do today.”

—James E. Loehr from The New Toughness Training for Sports

Performance goals vs. outcome goals.

Where does Loehr tell us to focus? On the performance goals, of course—defined as goals we can control. How many minutes you exercise or meditate, hours you sleep, sales calls you make, quality time you spend with your kids or spouse, etc.

Yesterday I worked on the Note for The Slight Edge where Jeff Olson echoed this wisdom and shared this gem from Hall of Fame baseball pitcher, Tom Seaver: “In baseball, my theory is to strive for consistency, not to worry about the numbers. If you dwell on statistics you get shortsighted; if you aim for consistency, the numbers will be there at the end.”

Where are YOU focused? How can you dial that in a bit more?!

Here’s to dreaming big in the long run, thinking realistically in the short run and remembering to connect our big dreams for the future with what we’re doing TODAY!

[fordguy]

Hey TRO. so I'm guessing this is about using money management for small loss and learning to hold for big runs at the same time..kinda like how you mentioned ronnie ray gun on forexfactory and managing trades on a coin flip? Seems cool I like it!

[ncase]

GBPUSD 1 HOUR, 10:15PM PST.

100 PIP CHALLENGE.jpg (218.26 KiB) Viewed 33872 times

[MightyOne]

extern double myEntryPrice;

TRO_100_PIP_CHALLENGE.png (3.34 KiB) Viewed 33848 times

EDIT: this is a quicker way to set the price as all you have to do is change periods.

[TheRumpledOne]

extern double myEntryPrice;

TRO_100_PIP_CHALLENGE.png

EDIT: this is a quicker way to set the price as all you have to do is change periods.

If you change timeframes or shut down MT4 it won't remain in the same place.

[MightyOne]

extern double myEntryPrice;

TRO_100_PIP_CHALLENGE.png

EDIT: this is a quicker way to set the price as all you have to do is change periods.

If you change timeframes or shut down MT4 it won't remain in the same place.

Right, the idea is that switching periods would simulate a market order and the comment would capture the time.

They could then go in & set myEntryPrice according to the displayed price or simply leave it on the same period & minimize mt4 instead of closing it; I would assume, for the clallenge, that they are not micro-managing the trade so there is really no need to switch periods.

The same ideas as this.

[ncase]

GBPUSD 1 HOUR, 3:00AM PST. when checked (2/26/16)

100 PIP CHALLENGE_TP.jpg (214.03 KiB) Viewed 33604 times

100 PIP CHALLENGE_INDICATOR.jpg (65.25 KiB) Viewed 33604 times

[TheRumpledOne]

GBPUSD 1 HOUR, 3:00AM PST. when checked (2/26/16)

100 PIP CHALLENGE_TP.jpg

100 PIP CHALLENGE_INDICATOR.jpg

Nice ncase!!