Nice to see your still around PP2 and trading is going well 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

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.

Cheers Withnail

## Aliassmith Psychology 101 and other stuff

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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!

Good hunting everyone

- Captain Pugwash
- rank: 150+ posts
**Posts:**433**Joined:**Wed Sep 14, 2011 7:59 am**Reputation:**46**Location:**Insanitary Industries**Gender:**

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

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

- withnail
- rank: 150+ posts
**Posts:**163**Joined:**Thu Sep 08, 2011 11:46 pm**Reputation:**0**Location:**Amsterdam**Gender:**

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

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.

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?

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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!

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