## The ideas that I trade by:

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MightyOne
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### Re: The ideas that I trade by:

multi_target.png (8.67 KiB) Viewed 1087 times

Goonslinger
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### Re: The ideas that I trade by:

MightyOne wrote:
GU6216.PNG (93.2 KiB) Viewed 931 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 (93.2 KiB) Viewed 931 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."

MightyOne
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### Re: The ideas that I trade by:

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 (8.67 KiB) Viewed 891 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.

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

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.

GBPUSDecnM15.png (36.54 KiB) Viewed 891 times

laksh
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### Re: The ideas that I trade by:

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
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### Re: The ideas that I trade by:

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
"So let it be written; so let it be done."

MightyOne
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### Re: The ideas that I trade by:

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.
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 (33.75 KiB) Viewed 1654 times

MightyOne
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### Re: The ideas that I trade by:

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

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.

prochargedmopar
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### Re: The ideas that I trade by:

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!

MightyOne
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### Re: The ideas that I trade by:

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.

prochargedmopar
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### Re: The ideas that I trade by:

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!