Aliassmith Psychology 101 and other stuff

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
withnail
rank: 150+ posts
rank: 150+ posts
Posts: 163
Joined: Thu Sep 08, 2011 11:46 pm
Reputation: 0
Location: Amsterdam
Gender: None specified

Postby withnail » Sat Dec 08, 2012 10:15 pm

Nice to see your still around PP2 and trading is going well 8) I found that great post from alias myself a few weeks ago and have used it to make a simplified space plan that suits my simplified brain :twisted:
My maths is also a bit crappy but I realised from something G told me that if I used fib numbers then I get set ratios. If you trade the $10 a pip pairs with a us dollar account you can do something like this.
Image

Cheers Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

pp2
rank: 150+ posts
rank: 150+ posts
Posts: 158
Joined: Fri Oct 23, 2009 5:03 am
Reputation: 0
Gender: None specified

Postby pp2 » Mon Dec 10, 2012 4:39 am

Hey Doji, hey Withnail, many thanks for all of the encouragement. Simple has always been best and a plan will always help. There's more time to plan for a trade now since I'm trading the htf so that's good, but I admit my heart still wants to run or do something, this patience thing is a new experience for me.

Withnail, my maths is humongously horrible. All I know is if I make 100 dollars, I put that in the pot and risk it since it's not mine in the first place, and that makes sense to me. I'm looking at your table and I see good in it ... another way to optimize gains quickly with no risk, although I'm not sure how fib numbers fit in, I'll be thinking about it all week and hope the sub conscious can click.

It's been a few years on this trip and it's about time I got around to making some money! :twisted:

Good hunting everyone :)

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Mon Dec 10, 2012 11:13 am

HI PP2 - that was indeed a great AHA moment

this is how to use the fib tool and fib numbers to step up your held profit to increase your lot size

I like it because i am crap at math - and its visual and simple
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
withnail
rank: 150+ posts
rank: 150+ posts
Posts: 163
Joined: Thu Sep 08, 2011 11:46 pm
Reputation: 0
Location: Amsterdam
Gender: None specified

Postby withnail » Mon Dec 10, 2012 1:06 pm

1,2,3,5,8,13,21,34,55,89
If you want to start with $800 risk take out 5,8 and 13. If you want 1300 risk take out 8,13 and 21. Add zeroes to get your risk$ amount.
500 how many dollars you want to make
800 how many dollars you put at risk
1300 how many dollars you end up with at the end of the step.
I want to make my 500 by trading for 100 pips.
Lot size is 500/100=5 mini's
Pips until my risk is gone is 800/5=160

Next step is
800
1300
2100
800/100 8 minis
1300/8 =162 (using fib numbers it will always be more or less 161, 300 risk gives 150 but after that more or less 160)

1300,2100,3400 13 minis 2100/13=161.5
Just a way to avoid maths. For pairs that are a dollar a pip for a mini. I go up the sequence to take other people money and step back one when i want to bank their money as my own. The other cool thing about having your lot size at a number in the fib sequence is for adding in to a trade like the fine captain says.
Cheers,
Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

pp2
rank: 150+ posts
rank: 150+ posts
Posts: 158
Joined: Fri Oct 23, 2009 5:03 am
Reputation: 0
Gender: None specified

Postby pp2 » Tue Dec 11, 2012 2:48 pm

Captain Pugwash wrote:HI PP2 - that was indeed a great AHA moment

this is how to use the fib tool and fib numbers to step up your held profit to increase your lot size

I like it because i am crap at math - and its visual and simple


Hello Captain, thanks for the charts. I saw these before on the other thread and it was too much info on for my head and eyes. I have a jist what you're trying/did do with the fibs, the steps I'm having trouble visualizing from a glance, I suspect I need to come back a few more times to see if if clicks. Any chance of more examples?

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

pp2
rank: 150+ posts
rank: 150+ posts
Posts: 158
Joined: Fri Oct 23, 2009 5:03 am
Reputation: 0
Gender: None specified

Postby pp2 » Tue Dec 11, 2012 3:01 pm

withnail wrote:1,2,3,5,8,13,21,34,55,89
If you want to start with $800 risk take out 5,8 and 13. If you want 1300 risk take out 8,13 and 21. Add zeroes to get your risk$ amount.
500 how many dollars you want to make
800 how many dollars you put at risk
1300 how many dollars you end up with at the end of the step.
I want to make my 500 by trading for 100 pips.
Lot size is 500/100=5 mini's
Pips until my risk is gone is 800/5=160

Next step is
800
1300
2100
800/100 8 minis
1300/8 =162 (using fib numbers it will always be more or less 161, 300 risk gives 150 but after that more or less 160)

1300,2100,3400 13 minis 2100/13=161.5
Just a way to avoid maths. For pairs that are a dollar a pip for a mini. I go up the sequence to take other people money and step back one when i want to bank their money as my own. The other cool thing about having your lot size at a number in the fib sequence is for adding in to a trade like the fine captain says.
Cheers,
Withnail


Hello Withnail, thanks for the explanation. The maths is simpler to understand here. I think I get this and it's very aggressive! Maximizing the use of the capital to the fullest right? But for some reason there's a feeling of margin requirements getting in the way, working it out now.

Also, a question, can you explain more what is the last column 'risk pips'?

Thanks!

rourkem
rank: <50 posts
rank: <50 posts
Posts: 13
Joined: Tue Oct 07, 2014 6:44 pm
Reputation: 0
Gender: None specified

Postby rourkem » Tue Oct 21, 2014 4:00 pm

Sorry to bump this up guys but are there any tutorials that best explains risk pips recently? Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”