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johny
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Postby johny » Thu Sep 09, 2010 12:19 pm

Braathen wrote:Hey guys. Im trying to make a proper yearly chart aka 120 days.
Im using PeriodConverterOpt_v1.5_TimeShift indi.
I set it at 120 times 1 day and it just keep doing the old "waiting for update" on a black screen. Also tried 1 month x 4. I have clicked allow DLL imports. Really would like a 3 piece yearly if anyone can help.


P4L Period Con indi works fine.

http://www.forexfactory.com/showthread.php?t=206301

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Braathen
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Postby Braathen » Thu Sep 09, 2010 1:47 pm

johny wrote:
Braathen wrote:Hey guys. Im trying to make a proper yearly chart aka 120 days.
Im using PeriodConverterOpt_v1.5_TimeShift indi.
I set it at 120 times 1 day and it just keep doing the old "waiting for update" on a black screen. Also tried 1 month x 4. I have clicked allow DLL imports. Really would like a 3 piece yearly if anyone can help.


P4L Period Con indi works fine.

http://www.forexfactory.com/showthread.php?t=206301


Thank you very much sir. Works like a charm
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Postby MightyOne » Thu Sep 09, 2010 4:57 pm

mob wrote:MO, I would like to trouble you again for some insight / guidance....

I seem to get a hang of the entrance at extremes (preferably H4 but mostly H1) and made 300% in last 4 weeks...demo account though. As I consider this crazy gains, I think I might not follow proper / safe money management. My aim is to risk no more than 2-4% of capital but have a mental issue to reconcil this with your no-stops approach....

I normally enter with market order once price action leading to extreme is slowing down, add a limit order 40 pips beyond initial entry plus a limit order 30-40 pips away in anticipated direction (ie rebound from extreme), target profit is 50% retrace between previous and present extreme. I normally use a total of 5 lots, lot size calculated as max risk 2-4% with inital 40 pips SL divided by 5 (sub-lots) for placement / adjustments.

I usually trade 2-3 currency pairs concurrently

1a. You mentioned before that you work with 90 pips / 4(?)% risk on weekly basis - how would calculate this if you have one pair position (multiple entries) up for total of 500 pips and another down 600 pips - close all because combined total is minus 100 pips?


2. Multiple entry position moves in anticipated direction, combined total for 500 pips, than falls to
a. average entry, ie. zeroed
b. falls below mental stop loss (40 pips) below average entry across all positions but is still well above initial entry
Would you close positions in either case?


With a five spread of 5,000 to 25,000 currency, your initial entry has a 45 pip pincushion (opposite of profit cushion).

With a ten spread of 5,000 to 50,000 currency, your initial entry
has a 90 pip pincushion.

I consider both pincushions to be roughly the amount that I am willing to lose.

The dollars required to control the position is calculated by dividing the maximum currency size by leverage:

50:1 leverage:

The dollars required to trade the 5 spread is...
25,000/50 = $500
The dollars required to trade the 10 spread is...
50,000/50 = $1,000

20:1 leverage:

5 spread...
25,000/20 = $1,250
10 spread...
50,000/20 = $2,500

10:1 leverage:

5 spread...
25,000/10 = $2,500
10 spread...
50,000/10 = $5,000

As you lose money your maximum lot size suffers but YOUR INITIAL POSITION SIZE STAYS THE SAME until it can be increased (you never open a position for less than the last trade).

Your profit/loss is always calculated from your AVERAGE price after multiple entries.

The larger your position the more your average price acts as a "no touch" wager.
Last edited by MightyOne on Thu Sep 09, 2010 5:03 pm, edited 1 time in total.

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MightyOne
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Postby MightyOne » Thu Sep 09, 2010 4:59 pm

_______________________
Spread of Five
_______________________
Fifty to 1: $100
$500 for 5,000-25,000c
$600 for 6,000-30,000c
$10,000 for 100,000-500,000c

Twenty-five to 1: $200
$1,000 for 5,000-25,000c
$1,200 for 6,000-30,000c
$20,000 for 100,000-500,000c

Twenty to 1: $250
$1,250 for 5,000-25,000c
$1,500 for 6,000-30,000c
$25,000 for 100,000-500,000c

Ten to 1: $500
$2,500 for 5,000-25,000c
$3,000 for 6,000-30,000c
$50,000 for 100,000-500,000c

mob
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Postby mob » Fri Sep 10, 2010 3:14 am

Mo, thanks for your rely but I have seem to have problems to understand what your are saying.... Apologies for trying this a third time....

Let me see whether I understood you correctly - translated into my terms with reference to these earlier posts of yours:

http://kreslik.com/forums/viewtopic.php ... hion#41661

http://kreslik.com/forums/viewtopic.php ... hion#41862

- At 100:1 leverage, trading mini-lots, 5 mini-lots initial position equal your 50,000c
- initial stop loss 90 pips = your pincushion
- trading H1/H3cc, I wait for H3cc to close (in desired direction of move) and add another 5 mini-lots with 45 pips SL at a location that my average entry will make for a good S&R

Correct so far?

When entering 2nd position, I set the SL of both position equal to 45 pips SL of average price of said 2 position in order to risk max 45 pips (as mentioned in your 1st post quoted above) - correct?

Just to be 100% clear:

- 5 / 10 spread refers to number of lots per entry or....?
- when you refer to "leverage", you refer to leverage offered by broker, right?

Mo, thank you very much for helping me in understanding this!

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MightyOne
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Postby MightyOne » Fri Sep 10, 2010 3:40 am

mob wrote:Mo, thanks for your rely but I have seem to have problems to understand what your are saying.... Apologies for trying this a third time....

Let me see whether I understood you correctly - translated into my terms with reference to these earlier posts of yours:

http://kreslik.com/forums/viewtopic.php ... hion#41661

http://kreslik.com/forums/viewtopic.php ... hion#41862

- At 100:1 leverage, trading mini-lots, 5 mini-lots initial position equal your 50,000c
- initial stop loss 90 pips = your pincushion
- trading H1/H3cc, I wait for H3cc to close (in desired direction of move) and add another 5 mini-lots with 45 pips SL at a location that my average entry will make for a good S&R

Correct so far?

When entering 2nd position, I set the SL of both position equal to 45 pips SL of average price of said 2 position in order to risk max 45 pips (as mentioned in your 1st post quoted above) - correct?

Just to be 100% clear:

- 5 / 10 spread refers to number of lots per entry or....?
- when you refer to "leverage", you refer to leverage offered by broker, right?

Mo, thank you very much for helping me in understanding this!


The smallest position size that you should have is 5 lots.

The smallest 10-spread is 5,000-50,000 currency.

If you have 100:1 leverage then you need:

50,000/100 = $500 to trade the 10-Spread or $250 to trade the 5-Spread.

With a 10-Spread you are trading 5,000 currency and ending with 50,000 currency after additional entries: 5,000 * 10 = 50,000.

NO STOP LOSS IS USED:

Let us say that my reason for entering is price closing below "something"

Before price ever closes lower I ask myself what price must close above AFTER price closes under something in order for my trade to be technically incorrect. Next I imagine that I went short and price closed above something...does the chart still feel technically bearish and can I find a reason to remain bearish? If it still feels bearish then I will rethink where my trade is technically wrong.

Chances are that you will be technically wrong long before price moves to your maximum risk amount; the object is to no be taken out by a Wickdoll but a close beyond something.

By leverage I mean the leverage offered by your broker, yes.

I want a daily to close below something in order to trade short, but the signal could be as small as a 3 hour chart and your entry as small as a minute chart although I usually enter via a CC on the hourly chart.

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Postby mob » Fri Sep 10, 2010 3:50 am

mhhh....

so 5-spread means 5 consecutive position entries at min 5 lots each - correct?

No STOP Loss used - in this post http://kreslik.com/forums/viewtopic.php ... hion#41862 you indictated a max loss of 4.5% - if no SL is used when do close a loosing trade

Thanks again!

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Postby MightyOne » Fri Sep 10, 2010 4:38 am

mob wrote:mhhh....

so 5-spread means 5 consecutive position entries at min 5 lots each - correct?

No STOP Loss used - in this post http://kreslik.com/forums/viewtopic.php ... hion#41862 you indictated a max loss of 4.5% - if no SL is used when do close a loosing trade

Thanks again!


a 5-spread means that if you start with 5,000 currency you will max out at 25,000 currency.

You do not have to start with 5,000 then add 5,000 and 5,000 again.

Let us say that you go long 5,000 currency, price moves in your direction and now you want to set your average price at an 80% RET between your entry/average and your next entry.

An 80% RET is 1 for 4, you have 5 positions so you go long 1 unit placing your average price at ~ an 80% RET.

You get some MOMO and wish to set an average at a 50% RET.
A 50% RET is 1 for 1 so you will need to buy 6 more lots. You have 6 lots resting on your average, you need to buy 6 more lots, and 12 lots is less than the 25k maximum of your 5-spread so you buy 6 lots.

You are long because price closed over something

You are wrong because price closed under something

You exit when you are wrong or by placing a limit order for the greatest profit offered to you thus far.

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Postby mob » Fri Sep 10, 2010 4:43 am

Thanks MO!

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Postby Jalarupa » Mon Sep 13, 2010 3:36 pm

[Blind Mouse] Analysis of the DJIA *off-topic*

Image

Hey MO, is this correct or am I missing something?

The numbering is a bit unclear but you should be able to make out the 1-2-3's
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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