The ideas that I trade by:

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Humble
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Postby Humble » Wed Feb 15, 2012 2:13 am

MO's trading brain and bredin's way with words, a marriage made in heaven ;)
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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MightyOne
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Postby MightyOne » Wed Feb 15, 2012 4:40 am

I was not born to explain things, just to make things happen ;)

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xXx
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Postby xXx » Fri Feb 17, 2012 11:30 pm

Thanks everyone for your posts!

MO I did not understood everything but I will have look at it again and again and again... :wink:

I have to rethink my mistakes and I will be back soon with more questions...

Anyway guys have a good weekend

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scratty
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Postby scratty » Wed Feb 22, 2012 7:55 am

I went to a lot of posts through different Topics and i realy like the building up position (1U, 1U, 4U for ex.) aproach. You mentioned that you define your daily and weekly loss and if you made a good profit for the week the market is your "playground" (playing with the markets money) for the rest of the week. Can you tell us more about your game playing the markets?

Are you giving just more space to your trades or are you trading the same style with bigger (markets money) risk? Would like to read more about it... Thanks a lot!
Lose professionally!

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prochargedmopar
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Postby prochargedmopar » Thu Feb 23, 2012 10:35 pm

scratty wrote:I went to a lot of posts through different Topics and i realy like the building up position (1U, 1U, 4U for ex.) aproach. You mentioned that you define your daily and weekly loss and if you made a good profit for the week the market is your "playground" (playing with the markets money) for the rest of the week. Can you tell us more about your game playing the markets?

Are you giving just more space to your trades or are you trading the same style with bigger (markets money) risk? Would like to read more about it... Thanks a lot!


Start reading in Procharged trilogy around here,
http://kreslik.com/forums/viewtopic.php ... start=2010
It is gone through with some banter to get you thinking.

Also, bredin's post here:
http://kreslik.com/forums/viewtopic.php ... &start=120
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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prochargedmopar
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Postby prochargedmopar » Fri Feb 24, 2012 2:42 am

scratty wrote:I went to a lot of posts through different Topics and i realy like the building up position (1U, 1U, 4U for ex.) aproach. You mentioned that you define your daily and weekly loss and if you made a good profit for the week the market is your "playground" (playing with the markets money) for the rest of the week. Can you tell us more about your game playing the markets?

Are you giving just more space to your trades or are you trading the same style with bigger (markets money) risk? Would like to read more about it... Thanks a lot!


2nd post on this page too. By SwordofManagement (M.O.)

http://forums.babypips.com/newbie-islan ... or-13.html
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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scratty
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Postby scratty » Fri Feb 24, 2012 10:58 am

Thanks Pro

This week was a good one (at least for my success level). Made ~30% profit. I was risking 1% per trade and had two nice runs where i added to my initial position. I was asking myself (now that i have my hand on some market money) if i should do something different (risking more/move to a bigger tf giving more space to initial position) or just go on the same way i did.

I will go on like that because i dont know how exactely i should change and how it would look like...

If somebody of you have an other advise i would like to read it. Do you guys trade differently with market money and how do you manage the position/Risk?
Lose professionally!

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Postby dawido » Sat Feb 25, 2012 9:05 am

MO,

Could you explain this picture again?
As I understand you always play in directon of profit.
But when you know that price "is turning"?

On the picture I put two questions. - blue colour

Thanking in advance,
Dawid
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MightyOne
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Postby MightyOne » Sat Feb 25, 2012 7:49 pm

dawido wrote:...But when you know that price "is turning"?


Body in the direction of profit
Wick in the direction of loss.

The above picture was not my trade but a plan that I created for another trader's short.

I posted all of the basic ideas that I use to trade in post one.

Karma
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Postby Karma » Mon Feb 27, 2012 1:33 pm

I have to apologize Mr. MightyOne

I sent you an email regarding a little more one on one help and I feel bad. I said that this thread hasn't gone anywhere and that thoroughly isn't the case. I've read and reread this thread a couple times and I trade by most of the same theories which I've pulled from the other threads. I've read almost 600 pages of Never Lose Again, but I'm starting to feel like there wasn't anything more in it. Just the masters getting sick of repeating themselves.

So, to start a new topic

I feel a little silly, but short of resizing your position size after every 20 or 30 points. How do you 100% your account risking only 1% in less and say 1000 points. I don't mean to be silly here, but math and compound interest aren't my specialty. I apologize but Scratty said he made about 30% on his account in a day. Less than 300 points?

I'm personally entering with say 1/3 of my position to maximize my space and entering the rest as I climb into profit. Am I on the right track here or am I getting confused.

Thanks so much MightyOne for your dedicated help

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