The ideas that I trade by:

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laksh
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Re: The ideas that I trade by:

Postby laksh » Sat Feb 06, 2016 6:48 pm

MightyOne wrote: As far as selection I start with currencies that I am intimately familiar with.

I am sure it is thousands and thousands hours of screen time.

But, a cheeky question ... Any recommendations (cheat sheet) for study to get oneself intimately familiar with some pairs a bit faster ?
It got to be easier than getting intimately familiar with a girl (more randomness involved), Is it not?

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Goonslinger
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Re: The ideas that I trade by:

Postby Goonslinger » Sat Feb 06, 2016 7:22 pm

Thanks for the answer.

MightyOne wrote: That is a difficult question to answer.
Let's say that there is one currency where you believe strongly in the daily chart but are given little movement to accumulate.
You might trade another (or even two) more active pair, make the necessary adjustments, & then stack the space onto the less active pair so
that you can continue to pump it up.


This is encouraging i've been thinking about using accumulated space on more volatile pairs which have daily movements of 150+ pips to try and hit 100%+ waypoints. Or go back a waypoint :cry:
"So let it be written; so let it be done."

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 06, 2016 7:29 pm

laksh wrote:I am sure it is thousands and thousands hours of screen time.

But, a cheeky question ... Any recommendations (cheat sheet) for study to get oneself intimately familiar with some pairs a bit faster ?
It got to be easier than getting intimately familiar with a girl (more randomness involved), Is it not?


Yes, start watching charts 12+ hours per day. :lol:
There are many things that you will pick up as you gain experience.

Here is an idea that I came up with years ago called "Crash Zones"; it can assist you in making wise decisions.
It is the median range of the last three weekly candles projected inwardly from the high/low of the current weekly
extremes with zones of minimum/maximum expansion:

Crash_Zones.png
Crash_Zones.png (33.75 KiB) Viewed 1479 times

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 06, 2016 8:25 pm

Goonslinger wrote:Thanks for the answer.

This is encouraging i've been thinking about using accumulated space on more volatile pairs which have daily movements of 150+ pips to try and hit 100%+ waypoints. Or go back a waypoint :cry:


You are going to need a lot of buying power to reach 100% waypoints:

(% to waypoint / set pip target)waypoint = $/pip
(1 / 250)1000 = $4.000/pip
(1 / 200)1000 = $5.000/pip
(1 / 150)1000 = $6.666/pip
(.5849 / 150)1000 = $3.899

I recommend using 21.153% waypoints.

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Feb 07, 2016 3:37 pm

So much mumbo jumbo.
So many odd $&@*+#+# characters.

50:1 maximum leverage in America...

1:3, 50sl/150tp, 3x
$1k Risk $30
$90
Risk $30 (+$90)
$360
Risk 0, Max lots available ($6 per pip)
$900

$900+$360+$90 = $1350
1350/1000 = 135%

Repeat to oblivion.
#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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Re: The ideas that I trade by:

Postby MightyOne » Sun Feb 07, 2016 4:31 pm

prochargedmopar wrote:So much mumbo jumbo.
So many odd $&@*+#+# characters.

Repeat to oblivion.


The odd characters are so that you know the difference between
Pips: the minimum movement of a currency
P$PS: the maximum dollar value of one pip according to your MM
P%PS: the number of P$PS to a waypoint
Macro-pips: the number of pips that equal one pip of risk on a small chart; if 10 pips equals a dollar then
100 pips might equal a dollar on a "macro" chart, thus 10 "macro-pips" equals 1 pip.
$min: the minimum dollar value of one pip according to your MM
$max: same as P$PS

prochargedmopar wrote:50:1 maximum leverage in America...


You can get 200:1 or more leverage with Tallinex.

prochargedmopar wrote:1:3, 50sl/150tp, 3x
$1k Risk $30
$90
Risk $30 (+$90)
$360
Risk 0, Max lot size available ($6 per pip)
$900

$900+$360+$90 = $1350
1350/1000 = 135%


It is not a good idea to use all of your leverage on one pair;
a combination of short-term with large size and long term with
small size is current Space Wars strategy.

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Feb 07, 2016 4:54 pm

MightyOne wrote:
You are going to need a lot of buying power to reach 100% waypoints:
.


You said it yourself.
I only have to get lucky
ONCE.

Takes a long time to lose a 135% increase @3% a pop.

Luck is our bed parter after the first win+.

You also said "Dont listen to others"
More is possible.
#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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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Feb 07, 2016 5:10 pm

I'll print out your alphabet table and leave it in my printer along with a couple other M.O. sheets that are there. :-)
...the kids know not to touch em...

I will come back to them in a couple years but in the mean time I'll be looking for my next 1:3+.

HeadDown
#DoWork (Team Do)
Love my life or change it...(JonNorth)
#KillIt (Rich Piana)
#ISMMFT (Its still my mother frickin set) CT Fletcher
#SpaceBalls. (PCM)
#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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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Feb 07, 2016 10:36 pm

prochargedmopar wrote:You said it yourself.
I only have to get lucky
ONCE.


You don't want the 20 year old buying into a cash game kind of luck, you want the Phil Ivey, Daniel Negreanu,
"more often than not" kind of luck.
When a youngster's strategy starts kicking your ass, you need to be willing to rethink and reapply a new strategy
on the fly.
Poker is not cards as trading is not charts; it is the perfection of ideas based on math.

prochargedmopar wrote: Takes a long time to lose a 135% increase @3% a pop.
Luck is our bed parter after the first win+.


Again, how many pips are we talking about to reach 135% at 3% risk?
10 pip stop and a 450 pip target?
(1.35 / 450)1000 = $3.000/pip
20 pip stop and 900 pips?
(1.35 / 900)1000 = $1.500/pip
30 pip stop and 1350 pips?
(1.35 / 1350)1000 = $1.000/pip
Maxing out your leverage it would still take 270 pips
(1.35 / 270)1000 = $5.000/pip

On top of the large targets, you are going to have to make up the pips that you lose 1 for 1, -30 & +30, where as if you were
using the doubling method a 240 pip loss is "only" 30 P$PS.

prochargedmopar wrote:You also said "Dont listen to others"
More is possible


If someone says that it is not possible to get somewhere then you simply respond by telling them that you have a map :lol:

I never said "don't listen to others", what I did say was "listen to others, but trust only yourself".

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Re: The ideas that I trade by:

Postby MightyOne » Mon Feb 08, 2016 6:53 pm

I believe that small targets are superior to large ones, but if this is what you want to do... :lol:

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