The ideas that I trade by:

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alexi13
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Re: The ideas that I trade by:

Postby alexi13 » Tue Dec 09, 2014 10:33 am

Ok, just to be 100% sure, I would like to ask you one last time :wink: if my reasoning is correct:

1. If I enter at the lowest possible price (at line nr 1), my risk is at its max so I place my stop loss at line nr 3
2. If I enter at higher price (at line nr 2):
- I can place my stop at line nr 3 and enjoy lower risk
- I can place it at line 4 for better position and more safety
- I can place my stop at line 3 and add more lots (8/12)

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Thank you!
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 12:01 pm

alexi13 wrote:Ok, just to be 100% sure, I would like to ask you one last time :wink: if my reasoning is correct:

1. If I enter at the lowest possible price (at line nr 1), my risk is at its max so I place my stop loss at line nr 3
2. If I enter at higher price (at line nr 2):
- I can place my stop at line nr 3 and enjoy lower risk
- I can place it at line 4 for better position and more safety
- I can place my stop at line 3 and add more lots (8/12)

Image

Thank you!


That is correct.

If you get stopped out at the extreme and the distance between lines 3 & 4 is at least 5 pips then you can
reduce your size to 4 units and double the remaining space to 10 pips; this will allow you to take a short
term scalp to regain some space.

Say that you gain 5 pips and your space is now 15, you can then increase your size from 4 to 6 and reduce your space to 10.

We would only trade like this if we were short on space (~7.5 pips).

If you have no scalping ability then it is better to just take the reduced risk and move on to the next trade.

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volnmar
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Re: The ideas that I trade by:

Postby volnmar » Tue Dec 09, 2014 2:43 pm

Which broker do you recommend?
Just learning

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volnmar
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Re: The ideas that I trade by:

Postby volnmar » Tue Dec 09, 2014 2:43 pm

Which broker do you recommend?
Just learning

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 3:50 pm

volnmar wrote:Which broker do you recommend?


MBT (live desktop + mt4 demo)

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Dec 09, 2014 5:10 pm

Again, you can use a monthly or yearly extreme if you want to, 2 days is just the minimum range that you want to stay out of.


STAY OUT OF?? MO, What do you mean by that??
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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Dec 09, 2014 7:00 pm

MightyOne wrote: MBT (live desktop + mt4 demo)


So are you using the software's option chain to trade FX options?

And could you give an example (bring on the jargon) how you would trade in the same way using options?

Or point me to the relevant prior posts, someone...? Thanks
"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..."

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 7:54 pm

TheRumpledOne wrote:
Again, you can use a monthly or yearly extreme if you want to, 2 days is just the minimum range that you want to stay out of.


STAY OUT OF?? MO, What do you mean by that??


Every instance where we are talking about 2+ day extremes we are talking about stops TRO :wink:

Keeping your stops outside of the daily speculation is what gives you staying power.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Dec 09, 2014 8:07 pm

Jalarupa wrote:
MightyOne wrote: MBT (live desktop + mt4 demo)


So are you using the software's option chain to trade FX options?

And could you give an example (bring on the jargon) how you would trade in the same way using options?

Or point me to the relevant prior posts, someone...? Thanks


The only place where I use options is in the Futures market.

& no I do not wish to talk options...that would be shting where I sleep :lol:

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Dec 09, 2014 8:10 pm

MightyOne wrote:
Jalarupa wrote:
MightyOne wrote: MBT (live desktop + mt4 demo)


So are you using the software's option chain to trade FX options?

And could you give an example (bring on the jargon) how you would trade in the same way using options?

Or point me to the relevant prior posts, someone...? Thanks


The only place where I use options is in the Futures market.

& no I do not wish to talk options...that would be shting where I sleep :lol:


Fair enough :lol:

Thanks for all the input
"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>>

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