free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

IgazI
rank: 150+ posts
Posts: 299
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 319
Gender:

### Re: Mark Mark Trading Epic

Mark Mark wrote:Hello, friends. I decided to rest a little. While saving up money for trading on a real account. What is the minimum deposit you recommend to start with?

How much money do you want to put at risk per trading day? that is the biggest question.

A maximum daily risk allowance of \$200 to \$500 and a per trade risk of ~30% is where I would suggest that you start.

You're going to need at least 10 days of risk + margin for your largest lot size.

IgazI
rank: 150+ posts
Posts: 299
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 319
Gender:

### Re: Mark Mark Trading Epic

LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

Price will either move up through lines or down through lines & there is nothing that you can add to the chart to make it any simpler.

opt_ions_MKMK.png (104.55 KiB) Viewed 865 times

aliassmith
rank: 1000+ posts
Posts: 2827
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 1114
Gender:

### Re: Mark Mark Trading Epic

IgazI wrote:LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

Price will either move up through lines or down through lines & there is nothing that you can add to the chart to make it any simpler.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

IgazI
rank: 150+ posts
Posts: 299
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 319
Gender:

### Re: Mark Mark Trading Epic

aliassmith wrote:
IgazI wrote:LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'

save+MKMK.png (162.52 KiB) Viewed 815 times

aliassmith
rank: 1000+ posts
Posts: 2827
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 1114
Gender:

### Re: Mark Mark Trading Epic

IgazI wrote:
aliassmith wrote:
IgazI wrote:LEFT: 8R chart, 4 point lines.
RIGHT: 16R chart. 8 point lines.
5R ~= 1 minute.

Entry Strategy: each line represents 1 unit of risk:
a. enter with 2 lots on the left chart
b. enter with 1 lot on the right chart
c. enter with 1 lot on the right & increase to 2 using the left.
Increase to 3+ using the left.

opt_ions_MKMK.png

Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

IgazI
rank: 150+ posts
Posts: 299
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 319
Gender:

### Re: Mark Mark Trading Epic

aliassmith wrote:
IgazI wrote:
aliassmith wrote:
Good stuff. I always like to see what you post.
So how do "you" determine a bias and trigger based on this management? If you dont want to post it here you can in my thread.

The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

I know what numbers I am looking for and when I see it then I'll just go with it;
I will bring my stops in close and place a re-entry stop if it is hit, but never at a worse price than the triggered stop;
if price retraces as far as a target rotation number then I will give up on the previous trade and the trigger will be based on the current rotation.

There is no right or wrong, just paint what is in your heart

aliassmith
rank: 1000+ posts
Posts: 2827
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 1114
Gender:

### Re: Mark Mark Trading Epic

IgazI wrote:
aliassmith wrote:
IgazI wrote:
The first thing I will do is use the wider set of lines to hunt down the common rotation numbers, and with these numbers I can do two things:

1. (based on the chart above) wait for 5.0 to 6.5 lengths ("common rotation numbers") before attempting a reversal trade.
2. connect the swings of 5+ price rotations to draw trend lines and then anticipate the breakout, eg connect 6 down & 5 down & then reversal trade 6 up ... or the more speculative 2's, 3's, and 4's.

Longer moves usually occur when price moves beyond the common rotation numbers, there is a retrace, and then price makes a 2nd break in the same direction... that is when and where I might employ a steep trend line.

The basic idea is 'lines are triggers; trade lines, risk lines make lines'
The intermediate idea is 'learn to count, trade what is common'

save+MKMK.png

I see what you are doing. Are you following those turns aggressively or looking for an A+ type setup?

I know what numbers I am looking for and when I see it then I'll just go with it;
I will bring my stops in close and place a re-entry stop if it is hit, but never at a worse price than the triggered stop;
if price retraces as far as a target rotation number then I will give up on the previous trade and the trigger will be based on the current rotation.

There is no right or wrong, just paint what is in your heart

Sounds very Bob Ross

IgazI
rank: 150+ posts
Posts: 299
Joined: Sat Feb 17, 2018 5:28 pm
Reputation: 319
Gender:

### Re: Mark Mark Trading Epic

И ам онлы гоинг то тыпе ин факе Руссиан унтил Марк Марк ретурнс =}

dojirock
rank: 1000+ posts
Posts: 1843
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 637
Gender:
Contact:

### Re: Mark Mark Trading Epic

Ну хорошо тогда

It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

Mark Mark
rank: 50+ posts
Posts: 142
Joined: Sat Oct 24, 2020 5:15 pm
Reputation: 30
Location: Saint-Petersburg, Russia
Real name: Mark
Gender:

### Re: Mark Mark Trading Epic

I will be return to thread when I will have 100\$ on my account. And I will post my trades. It will be soon)
КСТАТИ ПЕРВОЕ АПРЕЛЯ ЕЩЕ НЕ НАЧАЛОСЬ НО УЖЕ ЗАМЕТИЛ ПРАНКИ
I am living on this forum