The ideas that I trade by:

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alexi13
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Postby alexi13 » Fri Nov 21, 2014 2:11 pm

MightyOne wrote: Your last objective is to learn to push the 'buy-buy-buy' button to accumulate a larger position before the long term range expansion (trend).

The simple way is: enter, double, exit or enter, double, +50%, exit.

Re-position your stop, repeat by starting with your last position size, hit a % target.


You're right I'll try to focus on this during next week. Definitely I need to practice it more.

Thank you for the links. I didn't know that babypips thread and it looks like perfect reading for weekend :)

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MightyOne
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Postby MightyOne » Fri Nov 21, 2014 3:39 pm

procinski wrote:Hi All, with You for some years but just reading.
My attempt to Your idea that You trade by :wink:
- Thanks MO
Probably I was adding too soon, but when we move and half position after first entry, actually we can double with the price of the first entry?
Or am I doing something wrong?



We don't trade charts we trade stops ('positions') & trail stops.

Sure, we need something on the chart that gives us a reason to place an initial stop as well as something that says 'hey buddy, this ride may be over' but other than that the chart just mentally fades into the background.

I see no problem with this:

well done.

Image

procinski
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Postby procinski » Sat Nov 22, 2014 11:33 am

I thought I knew what we are doing but now I am not sure :?
Maybe my last chart didnt say what I was thinking.
I did markings one more time with the same trade.



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MightyOne
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Postby MightyOne » Sat Nov 22, 2014 5:53 pm

Space is so simple that I can track it in my head without the need of fibo:

Image

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Postby prochargedmopar » Sat Nov 22, 2014 10:37 pm

procinski wrote:I thought I knew what we are doing but now I am not sure :?
Maybe my last chart didnt say what I was thinking.
I did markings one more time with the same trade.




Looks perfect, Now try that for real on a "Live" chart.
:twisted:
#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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Postby aliassmith » Sun Nov 23, 2014 12:15 am

MightyOne wrote:
procinski wrote:Hi All, with You for some years but just reading.
My attempt to Your idea that You trade by :wink:
- Thanks MO
Probably I was adding too soon, but when we move and half position after first entry, actually we can double with the price of the first entry?
Or am I doing something wrong?



We don't trade charts we trade stops ('positions') & trail stops.

Sure, we need something on the chart that gives us a reason to place an initial stop as well as something that says 'hey buddy, this ride may be over' but other than that the chart just mentally fades into the background.

I see no problem with this:

well done.

Image


I am re-reading "never lose again". It is amazing that even though I have
read it several times I seem to find stuff I didn't see before.

Are you saying that with this "new" space methodology that you really don't
use much of the ideas from that thread? The reason to enter and exit need
some charting skills I would think.
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sun Nov 23, 2014 5:08 am

...Are you saying that with this "new" space methodology that you really don't use much of the ideas from that thread?

The reason to enter and exit need some charting skills I would think.


Your technical skills need only extend so far as to recognize when a candle closes over or fails to close over something.

When I initiate a trade, I am placing a stop that holds the potential of every chart at which the stop can be seen at an extreme.

When I increase my position size then I am trailing my stop closer to the current price to normalize risk.
If I trail my stop to the middle of the weekly bar then I no longer have weekly potential; I have reduced my staying power and must now either re-position or look for an exit.

I always remember that I am trading a large chart:
small charts accumulate size, large charts use size to fill your pockets with money.
If I were to stay in a small chart mentality then I would miss out on epic windfalls.

When I trade large charts I am only doing so until a %target; it is more of a feint than actually trading the chart.

While the chart below is good for a space grab, just imagine how awesome that same chart would be if it were a weekly or monthly chart!

Image


Seek out long term potential and remember that it is a large chart; that you usually have plenty of time to increase your lot size before it does its thing.

Don't worry about winning or losing, focus on
short term and long term goals.

What else can I say, I really don't use anything that I haven't already shown you...
...I will recognize and respect cones, but that is as 'advanced' as I get these days.

procinski
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Postby procinski » Sun Nov 23, 2014 9:58 am

prochargedmopar wrote:
procinski wrote:I thought I knew what we are doing but now I am not sure :?
Maybe my last chart didnt say what I was thinking.
I did markings one more time with the same trade.




Looks perfect, Now try that for real on a "Live" chart.
:twisted:


It was a live trade :twisted:
The thing is it is small account with little money :(

procinski
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Postby procinski » Sun Nov 23, 2014 10:14 am

MightyOne wrote:Space is so simple that I can track it in my head without the need of fibo:

Image


Thanks a lot for the explanation, again Ive got feeling that I get it 8)

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Captain Pugwash
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Postby Captain Pugwash » Sun Nov 23, 2014 10:37 am

MightyOne wrote:
When I increase my position size then I am trailing my stop closer to the current price to normalize risk.
[highlight=yellow] If I trail my stop to the middle of the weekly bar then I no longer have weekly potential; I have reduced my staying power and must now either re-position or look for an exit.[/highlight]

I always remember that I am trading a large chart:
small charts accumulate size, large charts use size to fill your pockets with money.


So - is this the reason you add + add + 50% then get out.

In this way you [highlight=yellow]then[/highlight] WAIT for price to come back to you -like a spider patiently waiting for its pray.

Because "only" in this way, you can keep the (say) weekly extreme in place.

If price runs off without you - let it - because your adds on the small TF have taken your stop (or even position) into a crappy place - and you are only interested in being positioned from the safety of an excellent place.



(edit) So when you say "to value long term positions above all else" - I may infer that it is better to be "waiting to be" positioned from a long term pointy place - and maybe miss a move - Than catch a nice expansion of price and be positioned from a crappy place?

That truly would be a paradigme shift in my thinking
Last edited by Captain Pugwash on Sun Nov 23, 2014 4:53 pm, edited 1 time in total.
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