The ideas that I trade by:

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v8power
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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 6:08 pm

MightyOne wrote:
v8power wrote:
MightyOne wrote:I'll just REPOST this because no one likes to turn pages:

A PIP is an EIGHT is a SIXTEEN is a THIRTY-TWO is a SIXTY-FOUR.

The numbers are all $pip values, but you are trading for the PIP value no matter which macro that you decide to trade.

IDEAS_2_MACRO-PIPS.png


So I originally thought macro pips were just what you(us as traders) used when you scapled the daily charts. Which I thought was a cool idea, a way to place multiple trades across different pairs that required little work.

But it seems like the macro pip is now a concept by itself as almost a money/risk management. Also from what I have read (maybe I missed something) the sl can be anywhere from 3-8 macro pips, while you are only targeting about the same (unless units are reduced and then you hold for more).

Which seems almost opposite of what you use to talk about, Keeping sl small and aiming for big R:R's (I'm talking about back to NLA when you first mentioned "externals" or how you scalped for 2/3's of what you risked, 2 or 3 times then used that profit split in 2 trades and aimed for returns of greater then 15 to 1).

This isn't meant to seem like an attack or knock on you. I feel like I'm missing something from the reasoning or importance of the macro pip (yes I know it helps so you don't get whipped sawed and makes you think in macro and micro pips). This is why I keep my trading very basic and try not to ask questions, haha.

Also one last thing. Regarding actually scalping the daily candle, are there other ideas you use besides the closed under an extreme, closed above an extreme, the last bar was .....

But back


I would like to think that I am getting better over time and not worse :)

Stop loss is 2 to 5 macro pips.
The minimum target is 3 to 5 macros.
Automatic out half at 7 macros, half size to whatever I wish to target.

A macro is the $equivalent of a micro, so if my stop is 2 to 5 macro then that is the same as using a 2 to 5 pip stop on a small chart.

What you are not seeing is that R/R ratios increase as I stack; risk stays the same, profit potential is increased; OPM is not considered "risk".

I use EIGHTS, I was thinking of using SIXTY-FOURS but I think that I'll stick to EIGHTS & SIXTEENS as they work well together to drown volatility.

The "eternal" strategy has changed since NLA:
If the monthly candle is green and you are long from a monthly extreme or breakout then close all but a small fraction of your trade.
If the monthly moves 700 more pips and you held 20% of your position then you made 140 more pips; if you have multiple pairs where
you are doing the same thing then it can add up quickly.


Ok. Thank you for the explanation. I hope my post didnt offend you at all.

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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Mon Mar 21, 2016 6:14 pm

I thought the first part of accumulation was with small stops on small charts, and then as the multiples became significant we turned to larger charts within the daily range - sorry I must be very slow -
but do I understand it correctly in that macro pips (i.e. larger stops on a larger chart) is the way to go for the whole accumulation process?

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Re: The ideas that I trade by:

Postby v8power » Mon Mar 21, 2016 6:16 pm

MightyOne wrote:Micros? Don't even miss em!

EURAUDecnM15.png


My favorite pair to trade. (Feel free to throw some magical 15 angles, cones or pennants on there for me, hahh).

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Mon Mar 21, 2016 10:15 pm

jrtrading wrote:I thought the first part of accumulation was with small stops on small charts, and then as the multiples became significant we turned to larger charts within the daily range - sorry I must be very slow -
but do I understand it correctly in that macro pips (i.e. larger stops on a larger chart) is the way to go for the whole accumulation process?


Yes and No.... It depends on the year MO posted. :D

You can accumulate with small charts so you can ride
large charts with OPM at good size.

You can accumulate using macro pip on large charts
and not worry about small charts.

MO has presented many ideas that are viable. I have
tested many of them. You will have to find what fits your
needs. I'm still a ZL, held profit fan personally.
Trade Your Way as Long as It Makes Money!

jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Mon Mar 21, 2016 10:43 pm

aliassmith wrote:Yes and No.... It depends on the year MO posted. :D

You can accumulate with small charts so you can ride
large charts with OPM at good size.

You can accumulate using macro pip on large charts
and not worry about small charts.

MO has presented many ideas that are viable. I have
tested many of them. You will have to find what fits your
needs. I'm still a ZL, held profit fan personally.


Thanks for your reply aliassmith, makes sense.
I am trying to fit the accumulation process to options on stocks,
and keeping up with the latest ideas.
Again, thanks.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Mar 22, 2016 5:07 am

jrtrading wrote:I thought the first part of accumulation was with small stops on small charts, and then as the multiples became significant we turned to larger charts within the daily range - sorry I must be very slow -
but do I understand it correctly in that macro pips (i.e. larger stops on a larger chart) is the way to go for the whole accumulation process?


You might trade at $8 per ONE (aka "micro pips")
or $8 per TWO
or $8 per FOUR
or $8 per EIGHT
or $8 per SIXTEEN,
but you are never trading for more than $8 per unit of movement.

Larger macros don't have larger stops, every macro in the above example has a -$40 max stop.

If I make 6 macros trading FOURS then I have +6 macros for trading TWOS or ONES or EIGHTS or SIXTEEN.

I would love to make $800 when price moves 100 pips, but I don't want to suddenly lose $400 if price spikes down 50 pips.
Why not add pips using EIGHTS, then add pips using FOURS, then TWOS, and finally ONES? The risk is 8 times smaller &
the reward will be there when I am ready to claim it.

Higher volatility, larger macros.
Lower volatility, smaller macros.
That is all that you really need to know...that and stacking is sexy :D

MICRO_2_MACRO.png
MICRO_2_MACRO.png (88.48 KiB) Viewed 785 times
Last edited by MightyOne on Tue Mar 22, 2016 8:23 am, edited 1 time in total.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Mar 22, 2016 8:21 am

No, I don't sleep, just in case you are wondering :wink:

XAUUSDecnH1.png
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jrtrading
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Re: The ideas that I trade by:

Postby jrtrading » Tue Mar 22, 2016 11:27 am

MightyOne wrote: You might trade at $8 per ONE (aka "micro pips")
or $8 per TWO
or $8 per FOUR
or $8 per EIGHT
or $8 per SIXTEEN,
but you are never trading for more than $8 per unit of movement.

Larger macros don't have larger stops, every macro in the above example has a -$40 max stop.

If I make 6 macros trading FOURS then I have +6 macros for trading TWOS or ONES or EIGHTS or SIXTEEN.

I would love to make $800 when price moves 100 pips, but I don't want to suddenly lose $400 if price spikes down 50 pips.
Why not add pips using EIGHTS, then add pips using FOURS, then TWOS, and finally ONES? The risk is 8 times smaller &
the reward will be there when I am ready to claim it.

Higher volatility, larger macros.
Lower volatility, smaller macros.
That is all that you really need to know...that and stacking is sexy :D

MICRO_2_MACRO.png


Thanks for your reply, MightyOne, much appreciated.
I don't understand it all so will have to digest what's written -
Thinking in terms of reward-to-risk ratios and scaling stops with volatility makes sense.
Stacking is the same as doubling I think.

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Re: The ideas that I trade by:

Postby jrtrading » Tue Mar 22, 2016 11:42 am

I want to trade the way you trade, but I need it to be simple
so as to see consistency because it is lacking and things are becoming serious.

Find a pointy extreme and wait until price comes back, see it in context
(what price did between previous arrival and now) and let it show weakness -
accumulate pips and try not to lose, similar to the example you posted,
but perhaps on a larger chart, perhaps not. Accuracy pays I think.

I don't see cones but I understand the fifteen degree angled lines.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Mar 22, 2016 4:47 pm

jrtrading wrote:I want to trade the way you trade, but I need it to be simple
so as to see consistency because it is lacking and things are becoming serious.

...


Trading is not simply placing an order, trading is everything that you do BEFORE, DURING, & AFTER the order.

It can be simple, but in order for that to happen you must think of everything beforehand.

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