The ideas that I trade by:

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Mon Sep 07, 2015 8:54 pm

MightyOne wrote:
aliassmith wrote:Ya sometime when you hang out with your buds drinking and
BSing, someone spills your beer! :x


And then I laugh because I'm drinking out of a bottle of liquor :lol:


So you are the one who stopped passing the bottle...dirty scoundrel.
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 » Sat Sep 12, 2015 2:59 pm

15* will work on any chart compression so long as the chart is touching the top and bottom of the window.

It is perfectly ok to adjust by as much as 3*.

This little known teaching from the "Diamonds of Perception" should make you an instant line drawing expert.


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MightyOne
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OFF TOPIC

Postby MightyOne » Sat Sep 12, 2015 7:54 pm

The kickstarter doublesix dice are finally shipping!

Backgammon, Craps, etc...no more b*tching about funny rolls! :lol:

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I have also purchased four custom laser engraved Arimaa
boards from Dave over at the creativecrafthouse.com
For just the board (Arimaa can be played with regular chess pieces)
it cost me $55/ea.
I picked up four Z-MAN sets from Amazon for $15ea, what a steal!
Contact DJ51@aol.com if you want one made for you.

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I have decided to give this new game TZAAR a try...

each turn you either capture or make yourself taller by stacking 2 high, 3 high, etc so that smaller stacks cannot capture you;
it sounds interesting!
You can find TZAAR on Amazon.com

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 22, 2015 1:59 pm

THIS IS NOT FOR PEOPLE WHO TEND TO NUKE THEIR SPACE 8-[

[SEE NEXT POST]
Last edited by MightyOne on Wed Sep 23, 2015 5:28 pm, edited 4 times in total.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Sep 22, 2015 2:37 pm

Chart reading is the easy part:

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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Wed Sep 23, 2015 3:26 pm

MightyOne wrote:THIS IS NOT FOR PEOPLE WHO TEND TO NUKE THEIR SPACE 8-[


MO, do you have any tips for those who tend to nuke their space?
Not trying to be funny, just asking because of interest.

Thanks.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Sep 23, 2015 5:10 pm

jrtrading wrote:
MightyOne wrote:THIS IS NOT FOR PEOPLE WHO TEND TO NUKE THEIR SPACE 8-[


MO, do you have any tips for those who tend to nuke their space?
Not trying to be funny, just asking because of interest.

Thanks.


Place your space about 8 pips beyond the long term extremes; the hardest double is your first double, you need
a little extra room.

You only survive as long as your units are divisible so keep accumulating.

Don't guess what price might do, guess that it 'should be ok' to normalize your risk to the new price level;
accumulation is placing and trailing stops.

Try to preserve at least 5 pips of space so that all of those units that you have accumulated can re-inflate
your space:
2 units reduced to 1 unit: 10 space
3/1: 15 space
4/2: 10 space
5/2: 12.5 space
etc
A few doubles and you are back in the game.
Make it hard for the market to kill you off.

Think about space and discover new ways to use it...
value it as it is the difference between winning and losing.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Sep 23, 2015 5:19 pm

Maximum Space: your maximum stop loss (enter at any price within space).

+$: the money to be made at the waypoint

$min: initial position sizing

#TFB: number of trades to fall backwards to the last waypoint

P%PS: maximum number of pips, after 3 doubles, to reach your target of 21.2%

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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Wed Sep 23, 2015 6:24 pm

MightyOne wrote:
Place your space about 8 pips beyond the long term extremes; the hardest double is your first double, you need
a little extra room.

You only survive as long as your units are divisible so keep accumulating.

Don't guess what price might do, guess that it 'should be ok' to normalize your risk to the new price level;
accumulation is placing and trailing stops.

Try to preserve at least 5 pips of space so that all of those units that you have accumulated can re-inflate
your space:
2 units reduced to 1 unit: 10 space
3/1: 15 space
4/2: 10 space
5/2: 12.5 space
etc
A few doubles and you are back in the game.
Make it hard for the market to kill you off.

Think about space and discover new ways to use it...
value it as it is the difference between winning and losing.


Thanks for this, a lot.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Sep 26, 2015 5:14 pm

The impossible is just a problem waiting to be solved.

You see price ranging and you think that you cannot safely double your size...you are wrong:

To trade $1/pip you need to be at the [$3.164] waypoint w/ a risk of $41 per trade (1.3%)

In this example, you ended the day with 4 units and 105 space worth +$379 (~12%)
The total profit that you are looking for is $669 which leaves $290 to go; 36.2 pips at 8 units.

At 8 units it is 83.6 pips to +$669.
Even though you are halfway to the target you still want the daily potential to move 83.6 pips.

Had you simply went short 1 unit and passively held to the TP then you would have made $96 (~3%)
& you would have about 579 pips to go...don't waste your time, don't "trade for pips".

But what if instead of going down to profit price broke to new highs after your last double?
Well, you would get stopped out with 4 units and 13.4 space. (4/1) * 13.4 = 53.6 pips or 12.6 more than you started with.

Remember: when you double your size your space is still there, you can simply revert to re-inflate.
If your units are infinitely divisible then your space is infinitely expandable; keep adding size :shock:

There is nothing to fear save doing the same thing as everyone else whilst expecting different results.

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Last edited by MightyOne on Sun Sep 27, 2015 9:12 am, edited 2 times in total.

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