The ideas that I trade by:

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Fri Aug 14, 2015 6:39 pm

MightyOne wrote:KETO POST :)

I need to improve my diet, I can't just eat eggs & burgers every freekin day :smt022

My first thought was to acquire a lady-friend & have her prove her worth in the kitchen :lol:
but then I remembered how each time it threw my psychology off balance resulting in a spiral of
poor decisions :smt008 ](*,)

So I opted instead for a Wolfgang Puck pressure oven :wink:


Well sir keto diet can work but a balanced diet and
some exercise is better imo. Once you get past your
allergic reaction to sweating its not bad. :lol:
Trade Your Way as Long as It Makes Money!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 14, 2015 6:43 pm

...Once you get past your
allergic reaction to sweating its not bad. :lol:


:smt036

haszar
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Re: The ideas that I trade by:

Postby haszar » Sat Aug 29, 2015 5:08 pm

Hello MightyOne, can you please direct me to where I can get all the indicators and templates used in your system. And if there is a PDF explaining the rules of your system.

Thank you so much for your help.

HZ

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Sun Aug 30, 2015 2:23 pm

If only it was that easy....

:lol:
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Aug 31, 2015 6:23 pm

haszar wrote:Hello MightyOne, can you please direct me to where I can get all the indicators and templates used in your system. And if there is a PDF explaining the rules of your system.

Thank you so much for your help.

HZ


Indicators:

I use a candle chart where the open price = prev. close. & I use TRO2014_HTBL_Zone aka the "wick-zone" indicator.

Analysis:

The willingness of price to stay above/below a line.
Logic.

Stops:

Ideally at 2+ day extremes and no larger than 40 pips.
They are only moved to normalize risk.

Trigger:

Any price within your "risk space" so long as your trades are in the direction of profit; price is above 'something' for longs or below 'something' for shorts.
When using wick-zones, the WZ trigger must be within space.

Accumulation:

Attempt to double your position size prior to taking profit & initiate the next trade at the larger size.
After you double your size you halve your space.

Short term Target:

it is usually best to liquidate after a tall candle, steep trend, close over a line and in the direction of loss.

Long term Target:

At +21 to 26% revert to minimum size (0.8% over 40 pips).

gbpusdm5.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Sep 04, 2015 4:33 pm

I have updated the min/max position sizes for the waypoints.

If you have a $1.500 account then start at the $1.468 waypoint with 3 units
& accumulate to 35 units.

When you reach the $1.779 waypoint then stay there until you hit $2.155 or
fall backwards to $1.468 (how did you lose 22 trades...how? :lol:).

Everything is based on a maximum risk space of 40 pips (0.8% risk per trade):

21_16_$min_$max.png
21_16_$min_$max.png (29.2 KiB) Viewed 920 times

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Sat Sep 05, 2015 10:37 pm

MightyOne wrote:I have updated the min/max position sizes for the waypoints.

If you have a $1.500 account then start at the $1.468 waypoint with 3 units
& accumulate to 35 units.

When you reach the $1.779 waypoint then stay there until you hit $2.155 or
fall backwards to $1.468 (how did you lose 22 trades...how? :lol:).

Everything is based on a maximum risk space of 40 pips (0.8% risk per trade):

21_16_$min_$max.png


If I have a maximum risk space of 40 then that means I am trading @2:1 reward to risk with an 8 mp target.

Not gonna happen. Too many loses and no wiggle room when trading a daily chart only.

10 mp is minimum.
Lets recalculate for Macro pippers and real world traders and not hypothetical day traders.

I aint got time for that and 99 out of 100 aint got the skilz to do it. ;-)

H1 chart,? Bah humbug.
#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

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Sun Sep 06, 2015 12:54 am

prochargedmopar wrote:
MightyOne wrote:I have updated the min/max position sizes for the waypoints.

If you have a $1.500 account then start at the $1.468 waypoint with 3 units
& accumulate to 35 units.

When you reach the $1.779 waypoint then stay there until you hit $2.155 or
fall backwards to $1.468 (how did you lose 22 trades...how? :lol:).

Everything is based on a maximum risk space of 40 pips (0.8% risk per trade):

21_16_$min_$max.png


If I have a maximum risk space of 40 then that means I am trading @2:1 reward to risk with an 8 mp target.

Not gonna happen. Too many loses and no wiggle room when trading a daily chart only.

10 mp is minimum.
Lets recalculate for Macro pippers and real world traders and not hypothetical day traders.

I aint got time for that and 99 out of 100 aint got the skilz to do it. ;-)

H1 chart,? Bah humbug.


Oh I love the H1 chart. :D
BTW with your macro pips you keep doing what you
do but you increase your units like 500, 1000, 2000.
20 cents times 100pips is $20 risk when you have enough
space. $20 is 4% of $500 account. You can go a step
farther with $40 of space and goto 4000 units and you'll
need 18 macro pips to get to your goal of 22% and start
over.

So your pip value in units starts being equal to your account
size. Then double when you have enough space 3 different
times.

Thats real world!
Set your stoploss.
Don't add to losing trades.
Trade Your Way as Long as It Makes Money!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Sep 06, 2015 5:55 am

prochargedmopar wrote:
If I have a maximum risk space of 40 then that means I am trading @2:1 reward to risk with an 8 mp target.

Not gonna happen. Too many loses and no wiggle room when trading a daily chart only.

10 mp is minimum.
Lets recalculate for Macro pippers and real world traders and not hypothetical day traders.

I aint got time for that and 99 out of 100 aint got the skilz to do it. ;-)

H1 chart,? Bah humbug.


Well obviously it was not written for you :wink:

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Re:

Postby Pro Trader » Sun Sep 06, 2015 1:15 pm

MightyOne wrote: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 []'


Hi MO

Looking at your recent posts where you show the "rules" I've been wondering how you manage losses. Say you go from 2 units to 4 units or more after adding and look to re-enter at another extreme, what if you get wiped out on that next trade?

From the image above it looks like you ensure that you don't lose more than 50% of your space on each trade which enables you to then double your space and reduce your lot size by half for the next trade to have another shot. Is that correct? It also looks like you monitor PA to see if price is closing higher/lower over/under something to give you an idea where to hold or fold. Is that how you do it?

If not could you share how one might avoid losing all the lots accumulated over series of trades?

Thanks

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