The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Thu Nov 13, 2014 6:49 pm

thanks for that mark up MO

I think I wrote my question when you wrote the reply above mine

But I am very glad I did :D
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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

User avatar
kate682
rank: 50+ posts
rank: 50+ posts
Posts: 52
Joined: Mon Feb 24, 2014 10:21 pm
Reputation: 0
Location: United Kingdom
Gender: Female
Contact:

Postby kate682 » Fri Nov 14, 2014 2:30 am

MightyOne wrote:Kate,
I start at the smallest space and am reluctant to enlarge the box :(
starting at 15-22.5, 30-37.5, 45-52.5, and so on.
.


Hi MO

Thank you very much for this. I am assuming the above are the pip sizes for the entry box? And that your initial position cost would be however many lots you could enter with your %risk / box size. So far I have only used this trading the Dow (I tend to stick with indices as I understand them :) ), and used a gated entry to get my first position in place.

I love that this makes trading stress free, you can get very creative with the space, today I was closing and re-opening positions, always bettering the entry level and widening the space before price then took off in my direction. Added once, but found I couldn't bring myself to double up on next box level mentally.

Thank you, kate xx

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Nov 14, 2014 3:40 am

I guess that we can talk about adding to losers for a second...

DON'T DO IT *closes book* :lol:

http://www.investopedia.com/walkthrough ... aling.aspx

I can't think of any reason why one might scale in with more than 3 orders; you can't dilly-dally forever.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Nov 14, 2014 6:23 am

kate682 wrote:
MightyOne wrote:Kate,
I start at the smallest space and am reluctant to enlarge the box :(
starting at 15-22.5, 30-37.5, 45-52.5, and so on.
.


Hi MO

Thank you very much for this. I am assuming the above are the pip sizes for the entry box? And that your initial position cost would be however many lots you could enter with your %risk / box size. So far I have only used this trading the Dow (I tend to stick with indices as I understand them :) ), and used a gated entry to get my first position in place.

I love that this makes trading stress free, you can get very creative with the space, today I was closing and re-opening positions, always bettering the entry level and widening the space before price then took off in my direction. Added once, but found I couldn't bring myself to double up on next box level mentally.

Thank you, kate xx


There are no 'box levels', just the movement of your stop to normalize risk.

User avatar
alexi13
rank: <50 posts
rank: <50 posts
Posts: 34
Joined: Wed Jul 09, 2014 2:02 pm
Reputation: 0
Gender: Male

Postby alexi13 » Fri Nov 14, 2014 8:12 am

MightyOne wrote: You are doing everything right save your space being too small for an M30 entry. :wink:


Thank you for your reply :)
I wrote '15 pip space' but I was thinking '15 pip stop/position'. Is that what you mean or the BOx is marked wrong?

Captain Pugwash wrote:Effin nice trade Alexi :) :)


Thank you Captain :)

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

User avatar
kate682
rank: 50+ posts
rank: 50+ posts
Posts: 52
Joined: Mon Feb 24, 2014 10:21 pm
Reputation: 0
Location: United Kingdom
Gender: Female
Contact:

Postby kate682 » Fri Nov 14, 2014 3:10 pm

quoteImage /quote

Hi MO

Hoping this is correct.

Kate
Empirical Trader
Current trade music :- https://www.youtube.com/watch?v=sYQwiNH20mU

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Fri Nov 14, 2014 5:23 pm

Do you understand how space works?

Space is like a piece of paper that is equal to your total risk.

In order to add size you must fold the paper to support more weight.

Price is like scissors & tape, when the paper is folded it either cuts more space or tapes on folded space.

At any time you can take some weight off of the paper and the total space will multiply, by unfolding, to support the new weight exactly.
If you have 4 units on folded paper & you take off 2 units then your paper doubles in size.
If you have 6 units, price cuts your paper down to 5mm, & you take off 4 units then your space unfolds to 15mm.

It is only when you have lost all of your 'paper' or you have no units to remove that your trade is dead.
The very thing you fear, adding size, is the only thing that can save you.

Image



PS: you have to put 'quote' & '/quote' in '[]' and then place your link between the 2 like this '[] LINK HERE []'

User avatar
Captain Pugwash
rank: 150+ posts
rank: 150+ posts
Posts: 403
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 0
Location: Insanitary Industries
Gender: Male

Postby Captain Pugwash » Fri Nov 14, 2014 5:46 pm

just like this


but use a link


Image


like this - to show my tidy wires idea :idea:
Attachments
2014-11-14_1810.png
2014-11-14_1810.png (44.71 KiB) Viewed 512 times
2014-11-14_1744.png
2014-11-14_1744.png (42.53 KiB) Viewed 592 times
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sun Nov 16, 2014 7:22 am

How do you reach unrealistic profit targets?
By clicking the 'buy-buy-buy' button & normalizing risk of course!

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks :)


# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

$2000 - $4310
$4310 - $9288
$9288 - $20015

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

Postby aliassmith » Sun Nov 16, 2014 3:49 pm

MightyOne wrote:How do you reach unrealistic profit targets?
By clicking the 'buy-buy-buy' button & normalizing risk of course!

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks :)


# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

$2000 - $4310
$4310 - $9288
$9288 - $20015


Did you pick 8,5,3 for a specific reason?
Trade Your Way as Long as It Makes Money!

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


Return to “TheRumpledOne”