The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 7:02 am

Flash stabbed 7 macros. :D

You only want 2 to 4 per day? Done!

XAUUSDecnM15.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 11:29 am

Updated chart.

XAUUSDecnM15.png
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 12:57 pm

Why bother trading macros? How quickly would you recover if you were on the wrong side of 1850+ pips?

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Thu Mar 24, 2016 2:01 pm

Hope everyone is having a good week :D

I was looking at the macro_2_macro chart post on 255.

So to it looks like space just in a more "boxed" way.

If i started at 4x8 at .40. I gain 1 macro (5x8) i then have options.
I can go to 4x8 again with .50
I can be cautious and go to 4x16 with .25
I can be agressive and go to 4x4 with 1.00
And so on.

I think its really cool.

Edit: just noticed Mo explained it in "Three charts" thread..
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 5:17 pm

Braathen wrote:Hope everyone is having a good week :D

I was looking at the macro_2_macro chart post on 255.

So to it looks like space just in a more "boxed" way.

If i started at 4x8 at .40. I gain 1 macro (5x8) i then have options.
I can go to 4x8 again with .50
I can be cautious and go to 4x16 with .25
I can be agressive and go to 4x4 with 1.00
And so on.

I think its really cool.

Edit: just noticed Mo explained it in "Three charts" thread..


I am glad that you like it & I hope that it is more helpful than a list of waypoints and a pat on the back :lol:

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Re: The ideas that I trade by:

Postby Braathen » Thu Mar 24, 2016 5:43 pm

Your previous list of waypoints (21.53%) did more then you know lol.
12 steps to a zero.. and like you said.. after you reach step 2 you know you can do no harm.

I could see it helping my trading with more stacking. That every 1 macro gained there would be a clear cut option for me to take
where as with the way i do space its a more a touch and feel kind if thing.

Pats on the back... maybe if you rubbed my back in a wax on wax off type of deal it could help my trading :D
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 7:21 pm

...I can be agressive and go to 4x4 with 1.00
And so on.


Speaking of aggression, I think that we can get away with a minimum account size of 250 PIPS at each level if 3 out of 5 trades are EIGHTS &/or SIXTEENS.

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Re: The ideas that I trade by:

Postby laksh » Thu Mar 24, 2016 7:50 pm

Hi MightyOne,

Was reading an older post by you...

MightyOne wrote: But that is what it takes to reach a million dollars:

ZERO EMOTIONAL ATTACHMENT :shock:


Are there any mind exercises that you can suggest which would help to develop ZERO EMOTIONAL ATTACHMENT to MONEY?

I am thinking of exploring this option: http://wccm.org/content/interview-ray-dalio :-k

Thanks.

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Thu Mar 24, 2016 8:38 pm

MightyOne wrote:
...I can be agressive and go to 4x4 with 1.00
And so on.


Speaking of aggression, I think that we can get away with a minimum account size of 250 PIPS at each level if 3 out of 5 trades are EIGHTS &/or SIXTEENS.


Ok so by 250 PIPS at each level you mean like at waypoint 1 it would be 250 x 3.2.
I dont get what you mean by 3 out of 5 trades are 8's &/or 16's :oops:
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Mar 24, 2016 8:48 pm

Braathen wrote:
MightyOne wrote:
...I can be agressive and go to 4x4 with 1.00
And so on.


Speaking of aggression, I think that we can get away with a minimum account size of 250 PIPS at each level if 3 out of 5 trades are EIGHTS &/or SIXTEENS.


Ok so by 250 PIPS at each level you mean like at waypoint 1 it would be 250 x 3.2.
I dont get what you mean by 3 out of 5 trades are 8's &/or 16's :oops:


Yes, level one would be $250 x 3.2, but you could still stack higher than that using OPM.

What I meant to say was that, because of the protection from sudden price spikes that the larger macros afford, you can take on what appears to be more risk.

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