To ADD or not to ADD?
Adding to a trade is whatever you make of it. You can make a killing
and you can lose the house. It all depends on your skill and how you
do it.
You can use Adding to control risk
You can use Adding to explode your gains
You can use Adding when your entries are not very good
Adding, scaling, position building, and stacking are some of the names
to describe the process.
I am going to discuss adding to a winner.
As price moves in your favor you have some space. Whatever you risked
plus whatever you gained is your space. Now you decide you want to
add to your position. it looks like this in shorthand 2/2 * 100. It stands
for (lotcurrent/lotnew times spacepips).
If you arbitrarily add 2 lots then the shorthand looks like this 2/4 * 100.
It shows you will be left with 50 pips of space. But what if you would
rather add by placing your stop 66 pips from current price?
Here is how you figure it out......
((SPACEcurrent/SPACEnew) * LOTcurrent) - LOTcurrent = ADDlot
((100/66) * 2 )-2 = 1
Its useful when you want to keep your SL behind a certain point.
Aliassmith Beats a "Dead Horse"
Moderator: moderators
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
Trade Your Way as Long as It Makes Money!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
Its been a rough two weeks. I was
trying to trade big for daily expansions
and got caught up in sideways action
of all types.
Sideways channels, flags, wedges,
triangles, expanding triangles..etc.
I think its training me to just take
profit when it looks good and not
hope for a target.
trying to trade big for daily expansions
and got caught up in sideways action
of all types.
Sideways channels, flags, wedges,
triangles, expanding triangles..etc.
I think its training me to just take
profit when it looks good and not
hope for a target.
Trade Your Way as Long as It Makes Money!
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
was looking at forex factory thread
and it looks like they are using indicators
from kreslik
and it looks like they are using indicators
from kreslik
Trade Your Way as Long as It Makes Money!
- michal.kreslik
- rank: 1000+ posts
- Posts: 1048
- Joined: Sat May 13, 2006 2:40 am
- Reputation: 36
- Location: Monte Carlo, Monaco
- Real name: Michal Kreslik
- Gender:
Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:was looking at forex factory thread
and it looks like they are using indicators
from kreslik
which thread on forexfactory?
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
michal.kreslik wrote:aliassmith wrote:was looking at forex factory thread
and it looks like they are using indicators
from kreslik
which thread on forexfactory?
http://www.forexfactory.com/showthread.php?t=487923
Trade Your Way as Long as It Makes Money!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
Thought I'd give scalping a go again, dchappy and the guy
on forexfactory made it seem appealing. I figure I can
scalp some space and put it on daily moves. Scalp for
10% and put it on a daily ZL.
made 16 pips today and done
on forexfactory made it seem appealing. I figure I can
scalp some space and put it on daily moves. Scalp for
10% and put it on a daily ZL.
made 16 pips today and done
Trade Your Way as Long as It Makes Money!
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15573
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3036
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:michal.kreslik wrote:aliassmith wrote:was looking at forex factory thread
and it looks like they are using indicators
from kreslik
which thread on forexfactory?
http://www.forexfactory.com/showthread.php?t=487923
Yes, Udine, took my idea and indicators without giving me credit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
TheRumpledOne wrote:aliassmith wrote:michal.kreslik wrote:
which thread on forexfactory?
http://www.forexfactory.com/showthread.php?t=487923
Yes, Udine, took my idea and indicators without giving me credit.
The title said 00 so I thought it was procharged
until I started reading it. Looking at the charts,
I was like, those seem familiar.
Trade Your Way as Long as It Makes Money!
- prochargedmopar
- rank: 10000+ posts
- Posts: 12048
- Joined: Sat Dec 20, 2008 6:07 am
- Reputation: 1790
- Location: Granbury, TX
- Gender:
- Contact:
Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:
The title said 00 so I thought it was procharged
until I started reading it. Looking at the charts,
I was like, those seem familiar.
TRO in the old 2% room was taking BREAKS of 25/50/75/00.
M.O. posted a chart on babypips showing huge bounces @ ea. level saying something like,
"I wouldn't want to be the one selling those levels."(price was falling many hundreds but bounced off ea.)
Immediately there after I found that A Chris lori trainee Maria Delgado masterd the "big figure" trade on EU and more specifically GU. (her baby).
It's all she trades using a special software that takes trades on many platforms at once because she has problems with liquidity (ala espip) for here m1 entry scalps off the levels.
Price must hit the level, OR spike through and she takes the first sign of a bar reversing. NEVER uses more than 10pip sl.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2848
- Gender:
Re: Aliassmith Beats a "Dead Horse"
aliassmith wrote:Its been a rough two weeks. I was
trying to trade big for daily expansions
and got caught up in sideways action
of all types.
Sideways channels, flags, wedges,
triangles, expanding triangles..etc.
I think its training me to just take
profit when it looks good and not
hope for a target.
An example....
IN long at the bottom red line.
Shook out in the top of the yellow area.
Went to my profit target. the top red line.
Only took about 5% on a 20%+ trade. UGH
- Attachments
-
- aliasEURCAD.H4jan31.png (50.78 KiB) Viewed 3001 times
Trade Your Way as Long as It Makes Money!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.