deeforex wrote: MightyOne wrote: deeforex wrote: es/pip wrote:
i am not going to post anymore of my trades after this one
maybe one every once in a while
i think by now, considering i have posted 100's of charts that are exactly the same, that if someone wants to learn it they have plenty do go off of. Everythnig is in MO's posts and charts.
my posts are redundant at this point
i will help answer any q anyone may have.
i took my normal 4% risk per trade today but after the first winner i rolled 50% of net profit into (on top of the 4%) the next trade and then so forth on each additional trade. If i had a small loser or a b/e i started back over at 4% and did the same for each consecutive winner.
needless to say it turned a great day into a extremely great day to say the least
Not sure why what you said never really clicked for me. Then, for some reason i equated it to how i play blackjack and it clicked.
bet 100 win 2 hands bet 200 etc etc etc till i lose a hand and then start over
anyway, thanks again for everything u r doing here-------it is unreal what is possible from what i have learned from you, and to think i am still in MO 101 makes my head spin.
thanks again for your time
Es or MO,
So are profits reinvested by increasing lot size or by increasing SL by the amount of your profits?
PROFITS ARE ADDED TO YOUR SL FOR STAYING POWER.
That said, do whatever you want.
MO: "PROFITS ARE ADDED TO YOUR SL FOR STAYING POWER."
Yes, that's what I thought. The BlackJack example led me to believe that we were betting our winnings. (i.e. increasing lotsize) Thanks for the clarification. MO, when you get a moment, could you please answer my questions from my chart/angle study from yesterday? Thanks. dee
There is nothing to it Dee...
There are 5 angles: 15, 30, 45, 60, & 75
One of these angles will be accurate to within 5*:
10-15-20, 25-30-35, 40-45-50, 55-60-65, 70-75-80
Because channels never perfectly contain price a 5* margin of
error is completely acceptable.
If you see a 30* angle and you believe that price is running a tad slower then you can draw a 28* channel as that is within the range of error.
I hope that answers your questions.