The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Fri Feb 05, 2016 6:56 pm

multi_target.png
multi_target.png (8.67 KiB) Viewed 1060 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Goonslinger
rank: 50+ posts
rank: 50+ posts
Posts: 65
Joined: Sun Nov 09, 2014 8:20 pm
Reputation: 0
Gender: Male

Re: The ideas that I trade by:

Postby Goonslinger » Sat Feb 06, 2016 1:13 pm

MightyOne wrote:
GU6216.PNG
GU6216.PNG (93.2 KiB) Viewed 904 times


Would you have drilled down to the 5 min (or lower) to catch that move or did you have a limit order ready? I was watching at the time and it was a news driven move and as a result decided to watch instead of trade though i did catch a move earlier.



MightyOne wrote:
GU6216.PNG
GU6216.PNG (93.2 KiB) Viewed 904 times

Is that cumulative total of P$Ps at $max until +0, +00, etc.?

I was also wondering how many currencies/instruments you trade? Do you have a specific amount or do you scan through different charts until you see something you like?

EDIT: the quotes aren't working properly. I'm referring to the two previous posts you made.
"So let it be written; so let it be done."

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

Re: The ideas that I trade by:

Postby MightyOne » Sat Feb 06, 2016 5:34 pm

Goonslinger wrote:
Would you have drilled down to the 5 min (or lower) to catch that move or did you have a limit order ready? I was watching at the time and it was a news driven move and as a result decided to watch instead of trade though i did catch a move earlier.

Is that cumulative total of P$Ps at $max until +0, +00, etc.?

EDIT: the quotes aren't working properly. I'm referring to the two previous posts you made.


If a small chart is moving sideways then I move to a larger period.
You want to trade smaller charts when they are making long up & down "mini trends".

M10 or M15 is perfect for me as my smallest chart.

I only use limit and stop-limit orders.

Below you can see that it takes 72 pips to reach the first waypoint at P$P size ($max).
If you do not resize, based on the next waypoint, then the next target is 87.23 pips away
or a total move of 159.23 pips.
It is just meant to show you what size of a move it would take to clear multiple targets in
one go.

multi_target.png
multi_target.png (8.67 KiB) Viewed 864 times


I was also wondering how many currencies/instruments you trade? Do you have a specific amount or do you scan through different charts until you see something you like?


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.
There might even be a number of micro gambles out there working their way across the galaxy. :lol:
...my answer is: up to 3 actively traded pairs.

As far as selection I start with currencies that I am intimately familiar with.
Next I go through the monthly/weekly charts and set alerts (turn off expiration) as if they were limit orders;
if there is a monthly body in the direction of profit and price retraces 130 pips to the breakin then I might
want to know about it :D

Stop location comes first, then accumulation & %'s.

The positions on actively traded charts are not held over the weekend.

Excuse the chaos, I threw this post together while doing other things. #-o

GBPUSDecnM15.png
GBPUSDecnM15.png (36.54 KiB) Viewed 864 times

User avatar
laksh
rank: 50+ posts
rank: 50+ posts
Posts: 115
Joined: Tue Jan 05, 2016 5:11 pm
Reputation: 6
Gender: None specified

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?

Goonslinger
rank: 50+ posts
rank: 50+ posts
Posts: 65
Joined: Sun Nov 09, 2014 8:20 pm
Reputation: 0
Gender: Male

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."

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

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 1627 times

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

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.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5616
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 52
Location: Granbury, TX
Gender: Male
Contact:

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

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5457
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 436
Gender: Male

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.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5616
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 52
Location: Granbury, TX
Gender: Male
Contact:

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”