The ideas that I trade by:

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Sun Apr 10, 2016 4:50 pm

It doesn't matter to me what happens next, I either lose your money or continue to take it.

HAHAHAHAHA thats pricless :D My trading day in a nutshell :P
"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 jrtrading » Sun Apr 10, 2016 5:10 pm

I see, thanks..

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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 11, 2016 12:05 pm

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 11, 2016 3:26 pm

It doesn't matter what I see, what do you see?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Apr 11, 2016 4:40 pm

If you have seen it once then you have seen it a dozen times...

makes you kind of sick that you shelled out thousands of dollars to learn to trade doesn't it? :lol:

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Re: The ideas that I trade by:

Postby prochargedmopar » Tue Apr 12, 2016 2:32 pm

MightyOne wrote:If you have seen it once then you have seen it a dozen times...

makes you kind of sick that you shelled out thousands of dollars to learn to trade doesn't it? :lol:

AUDJPYecnM10.png


No,
I'd shell out many thousands more AND go deep into debt if I could actually do it and not just know about it.
#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 thepark » Wed Apr 13, 2016 3:01 pm

What is the significance of the MACRO MICRO pips concept other than being able to pips into lot size and vice versa?
Is it just trade big lots and winning small pips = to trade small lots and winning big pips

i am at the point where i dont lose or win money and its frustrating
i keep winning one trade and losing the next and i seem to have trouble with risk reward ratio..where to exit in relation to where i put my stops
can someone impart some wisdom or ever hit that stage in their trading ?
i mostly just use the idea of "BDP, WDL" in the past two years and made 55% and 86% after 6 long years...

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Re: The ideas that I trade by:

Postby aliassmith » Wed Apr 13, 2016 4:00 pm

thepark wrote:What is the significance of the MACRO MICRO pips concept other than being able to pips into lot size and vice versa?
Is it just trade big lots and winning small pips = to trade small lots and winning big pips

i am at the point where i dont lose or win money and its frustrating
i keep winning one trade and losing the next and i seem to have trouble with risk reward ratio..where to exit in relation to where i put my stops
can someone impart some wisdom or ever hit that stage in their trading ?
i mostly just use the idea of "BDP, WDL" in the past two years and made 55% and 86% after 6 long years...


Just control risk and don't allow big losses. Sometimes you can get in that breakeven mode until you hit a big win.
55% and 86% are decent gains.

MO was talking about that in some post. Something about playing chess with your uncle.
Trade Your Way as Long as It Makes Money!

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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 14, 2016 2:43 pm

thepark wrote:What is the significance of the MACRO MICRO pips concept other than being able to pips into lot size and vice versa?
Is it just trade big lots and winning small pips = to trade small lots and winning big pips

i am at the point where i dont lose or win money and its frustrating
i keep winning one trade and losing the next and i seem to have trouble with risk reward ratio..where to exit in relation to where i put my stops
can someone impart some wisdom or ever hit that stage in their trading ?
i mostly just use the idea of "BDP, WDL" in the past two years and made 55% and 86% after 6 long years...


It transfers your small chart experience to larger charts.

Compare using an 80 pip stop and targeting 120 to 200 pips to a 5 SIXTEENS stop and targeting 7.5 to 12.5 macros.
With an 80 pip stop my brain looks at the large number and says "ok, I am risking 80 pips" because when it has a lot
of something to work with it goes into "sure, why not" mode.

The first question that I am going to ask when using 5 SIXTEENS is if I really need to risk 5 of something on this trade.
With 5 of something my brain looks at the small number and says "Five! Only five! How about we risk 2 or 3?"

This is the macro level (position size) and pips of risk:
01: 6 to 8
02: 10 to 14
04: 16 to 24
08: 24 to 40
16: 32 to 64
This is the macro level in lines of risk:
01: 6 to 8 ($16/pip, 16 x 8 = $128)
02: 5 to 7 ($8/pip,(8 x 2)7 = $112)
04: 4 to 6 ($4/pip, (4 x 4)6 = $96)
08: 3 to 5 ($2/pip, (2 x 8)5 = $80)
16: 2 to 4 ($1/pip, (1 x 16)4 = $64)
With pips you can't really see that our intent is to use a larger chart to get a better deal, comparatively smaller stops.

In the past I have told people to plan to trade a large chart and then don't; we are not so much interested in trading large
charts as we are reaching a specific goal within a specified amount of time using a certain position size.

Reduce risk, make it unlikely that you will take a big loss.
Price gapping 24 pips is not alerting you that there are fast profits to be made, it is telling you that you are going to get hit for 3 risk-boxes
in one blow and then tossed around for 3 more losses before moving in your direction.

People measure pips like they eye-ball stacks in poker, they see the stack across the table and they wonder why it is so hard to acquire it...
there is a very real and dangerous opponent guarding that stack, that's why :lol:
If you want that stack then you are going to have to take it piece by piece and if you ever take the whole thing it is because both players agreed
to flip a coin.

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Re: The ideas that I trade by:

Postby thepark » Thu Apr 14, 2016 4:47 pm

MightyOne wrote:
thepark wrote:What is the significance of the MACRO MICRO pips concept other than being able to pips into lot size and vice versa?
Is it just trade big lots and winning small pips = to trade small lots and winning big pips

i am at the point where i dont lose or win money and its frustrating
i keep winning one trade and losing the next and i seem to have trouble with risk reward ratio..where to exit in relation to where i put my stops
can someone impart some wisdom or ever hit that stage in their trading ?
i mostly just use the idea of "BDP, WDL" in the past two years and made 55% and 86% after 6 long years...


It transfers your small chart experience to larger charts.

Compare using an 80 pip stop and targeting 120 to 200 pips to a 5 SIXTEENS stop and targeting 7.5 to 12.5 macros.
With an 80 pip stop my brain looks at the large number and says "ok, I am risking 80 pips" because when it has a lot
of something to work with it goes into "sure, why not" mode.

The first question that I am going to ask when using 5 SIXTEENS is if I really need to risk 5 of something on this trade.
With 5 of something my brain looks at the small number and says "Five! Only five! How about we risk 2 or 3?"

This is the macro level (position size) and pips of risk:
01: 6 to 8
02: 10 to 14
04: 16 to 24
08: 24 to 40
16: 32 to 64
This is the macro level in lines of risk:
01: 6 to 8 ($16/pip, 16 x 8 = $128)
02: 5 to 7 ($8/pip,(8 x 2)7 = $112)
04: 4 to 6 ($4/pip, (4 x 4)6 = $96)
08: 3 to 5 ($2/pip, (2 x 8)5 = $80)
16: 2 to 4 ($1/pip, (1 x 16)4 = $64)
With pips you can't really see that our intent is to use a larger chart to get a better deal, comparatively smaller stops.

In the past I have told people to plan to trade a large chart and then don't; we are not so much interested in trading large
charts as we are reaching a specific goal within a specified amount of time using a certain position size.

Reduce risk, make it unlikely that you will take a big loss.
Price gapping 24 pips is not alerting you that there are fast profits to be made, it is telling you that you are going to get hit for 3 risk-boxes
in one blow and then tossed around for 3 more losses before moving in your direction.

People measure pips like they eye-ball stacks in poker, they see the stack across the table and they wonder why it is so hard to acquire it...
there is a very real and dangerous opponent guarding that stack, that's why :lol:
If you want that stack then you are going to have to take it piece by piece and if you ever take the whole thing it is because both players agreed
to flip a coin.


thanks MO. the concept makes sense. So the MACROS number 01, 02 to 16 acts as a divisor as you go up in timeframe to give you the experience of a small stop loss and also in the smaller chart where you are using 01 you would trader high dollar per pip.

i think my biggest obstacle is my longer working hours doesnt give me a lot of time to watch the markets so i need to plan everything out and have rules before i trade like what entries to look for, planned stacking scenarios, exit targets and such which hasnt allowed me to develop my flexibility in trading.

sometimes i would target the crash zone and being in decent profit i would hold on in hope to get target 1 even against adverse movement. this is because i need to stick with the system for the big wins that hit the target and beyond to make up for the losses i take. if i take small wins and the same full losses ill never be able to win. can you impart your wisdom on this or what kind of new mindset i should develop? im not good at applying your ideas to a tee quantitatively but i feel like i have enough of the pieces.

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