If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
The ideas that I trade by:
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- prochargedmopar
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Re: The ideas that I trade by:
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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- aliassmith
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Re: The ideas that I trade by:
prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x
Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.
Risking .8% to make 1% is easier, about 44% accuracy.
If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.
Trade Your Way as Long as It Makes Money!
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Re: The ideas that I trade by:
4 weeks with Eights and my trading developed. Usually risking 1% per 4 macro. Yesterday total -8 small pips = +1,75% is Macro Magic.
BTW. I received some "token" so I spent it on amber glasses, I'm not a eyewear fan (including sunglasses) but I'm impresed.
BTW. I received some "token" so I spent it on amber glasses, I'm not a eyewear fan (including sunglasses) but I'm impresed.
Last edited by salezyakuku on Sat Apr 23, 2016 5:53 pm, edited 1 time in total.
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- prochargedmopar
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Re: The ideas that I trade by:
aliassmith wrote:prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x
Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.
Risking .8% to make 1% is easier, about 44% accuracy.
If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.
Any time I ever put two exact order sizes I'm limited by fifo for manual exits.
It the trades are 1 unit difference I can close the trades manually "in any order I want".
If I use exact size but use a LIMIT order to exit it will close them "in any order I want.".
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- aliassmith
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Re: The ideas that I trade by:
prochargedmopar wrote:aliassmith wrote:prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x
Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.
Risking .8% to make 1% is easier, about 44% accuracy.
If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.
Any time I ever put two exact order sizes I'm limited by fifo for manual exits.
It the trades are 1 unit difference I can close the trades manually "in any order I want".
If I use exact size but use a LIMIT order to exit it will close them "in any order I want.".
Well if they are the same size at the same price it doesn't matter which one is closed so fifo wont matter(from a trading standpoint). If you do add ins then for sure 1 unit different.
Point being that scaling in and out is helpful and with a single order you are limited
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Re: The ideas that I trade by:
I have to put everything in one place for the next thread.
(%target / pips)accountSize = $/pip
Divide $/pip by macro size.
Stop Loss in Lines:
01) 6 to 8
02) 5 to 6
03) 4 to 5
04) 4 to 5
06) 3 to 4
08) 3 to 4
12) 2 to 3
16) 2 to 3
24) 1.5 to 2
32) 1.5 to 2
A line beyond the maximum is as far as I would push it.
(%target / pips)accountSize = $/pip
Divide $/pip by macro size.
Stop Loss in Lines:
01) 6 to 8
02) 5 to 6
03) 4 to 5
04) 4 to 5
06) 3 to 4
08) 3 to 4
12) 2 to 3
16) 2 to 3
24) 1.5 to 2
32) 1.5 to 2
A line beyond the maximum is as far as I would push it.
- Jalarupa
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Macro's
I'm reading this thread again and am currently on about page 210...
Got a handle on Waypoints in relation to and how they provide the roadmap to adding a 0... Awesome sh!t!
Now for the LIFE of me I want to participate I fear its going to be a while before I get to Macro's, please could someone either give a link to the page where all my ignorance will get removed... or drop a quick Macro lesson on a brother
I've been away dealing with the change of having a new soul to care for in our home and I'm only now starting to get into a groove where trading and family life are starting to harmonize again... I've missed out on a lot but I've caught up on all the TA Stuff (cause I like that sh!t) its just the math and process around these newer MM concepts that i'm fuddling with...
So please if you don't mind hitting me up with a life line
Got a handle on Waypoints in relation to and how they provide the roadmap to adding a 0... Awesome sh!t!
Now for the LIFE of me I want to participate I fear its going to be a while before I get to Macro's, please could someone either give a link to the page where all my ignorance will get removed... or drop a quick Macro lesson on a brother
I've been away dealing with the change of having a new soul to care for in our home and I'm only now starting to get into a groove where trading and family life are starting to harmonize again... I've missed out on a lot but I've caught up on all the TA Stuff (cause I like that sh!t) its just the math and process around these newer MM concepts that i'm fuddling with...
So please if you don't mind hitting me up with a life line
Re: Macro's
Jalarupa wrote: please could someone either give a link to the page
This post by MightyOne gives a good overview on Macros. -- it's basically refurbished space MM .. Giving a trader some room for MM creativity.
post87458#p87458
- Jalarupa
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Re: Macro's
laksh wrote:Jalarupa wrote: please could someone either give a link to the page
This post by MightyOne gives a good overview on Macros. -- it's basically refurbished space MM .. Giving a trader for some creativity.
post87458#p87458
I would never have found that! Thank you!
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