Space Wars

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Jan 11, 2011 8:01 pm

bredin wrote:
rushN4 wrote:
MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?


Looks to me like its ensuring that a single candle cant wipe out your position, giving time to reassess and adjust lots.

G.


Correct :lol:

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

User avatar
rushN4
rank: 150+ posts
rank: 150+ posts
Posts: 165
Joined: Wed Nov 18, 2009 4:04 pm
Reputation: 0
Real name: Jochen
Gender: Male

Postby rushN4 » Tue Jan 11, 2011 8:03 pm

MightyOne wrote:
rushN4 wrote:
MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?


You don't "calculate" 1/3, you attempt to make sure there is space to work with even if you are wrong; you don't want to drop from 7 lots to 4 just because you have so little space left that a 75% expansion is required.



hmmm i still dont understand how big my first Box should be.

below is a picture of what i thought i see in your first Pic.

But that 1/3 that creates your full Box i dont understand.

Or maybe im totaly wrong with my thinking


Image
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Tue Jan 11, 2011 8:23 pm

MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:


Hey Mo I am still sticking around. I'm interested! I just think my
implementation of the method is off some where. So my line in the sand
should be 40% from the maximum move positive?
Trade Your Way as Long as It Makes Money!

User avatar
rushN4
rank: 150+ posts
rank: 150+ posts
Posts: 165
Joined: Wed Nov 18, 2009 4:04 pm
Reputation: 0
Real name: Jochen
Gender: Male

Postby rushN4 » Tue Jan 11, 2011 9:22 pm

rushN4 wrote:
MightyOne wrote:
rushN4 wrote:
MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?


You don't "calculate" 1/3, you attempt to make sure there is space to work with even if you are wrong; you don't want to drop from 7 lots to 4 just because you have so little space left that a 75% expansion is required.



hmmm i still dont understand how big my first Box should be.

below is a picture of what i thought i see in your first Pic.

But that 1/3 that creates your full Box i dont understand.

Or maybe im totaly wrong with my thinking


Image






maybe it works like this:

Image
No matter where life takes you, you will always check the market and always want to continue being a part of it. It's like that first true love, it will always be there no matter what the distance, no matter whether they are alive or dead.

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Tue Jan 11, 2011 9:55 pm

Stop getting hung up on exact numbers and calculations....

think for a moment about what would happen if one of those big candles jumped up and spanked you...

now view the box and the if/then line with this in mind.

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Jan 12, 2011 4:08 am

The box has NOTHING to do with where you place your IF/THEN LOS!

If price is going lower then it is closing lower...
there is a real technical reason for placing your line in the sand.
Attachments
questions_063.gif
questions_063.gif (23.52 KiB) Viewed 1673 times

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1140
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Wed Jan 12, 2011 4:37 am

Image

Hey MO please can you comment on this observation... I feel like I could be missing a lot (no pun intended although its kinda ironic all the same).

BTW the maths overwhelms me, so I haven't gone into it in such detail as others... I'm just looking to see if I get what you are saying...
"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>>

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Wed Jan 12, 2011 5:41 am

Jalarupa wrote:Image

Hey MO please can you comment on this observation... I feel like I could be missing a lot (no pun intended although its kinda ironic all the same).

BTW the maths overwhelms me, so I haven't gone into it in such detail as others... I'm just looking to see if I get what you are saying...


It looks all wrong...
I think that you are severely confused :shock: :lol:

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1140
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Wed Jan 12, 2011 6:40 am

MightyOne wrote:
Jalarupa wrote:Image

Hey MO please can you comment on this observation... I feel like I could be missing a lot (no pun intended although its kinda ironic all the same).

BTW the maths overwhelms me, so I haven't gone into it in such detail as others... I'm just looking to see if I get what you are saying...


It looks all wrong...
I think that you are severely confused :shock: :lol:

Ha,

I thought as much... I see numbers and equations as I get tunnel vision and blank out... The past month has been like I was back in 10th Grade Math class... I guess I'm going to have to relook at this thread in detail... But I am determined to get this under wraps cause I believe that the concept makes the most sense out of everything I have seen regarding Money Management...

Now just to get myself to understand it... Hopefully... :)

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1140
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 2
Location: South Africa
Gender: None specified
Contact:

Postby Jalarupa » Wed Jan 12, 2011 11:07 am

Image

Hoping to redeem myself here... :oops:

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


Return to “TheRumpledOne”