The ideas that I trade by:

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Wed Apr 27, 2016 9:43 am

Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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salezyakuku
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Re: The ideas that I trade by:

Postby salezyakuku » Wed Apr 27, 2016 10:27 am

Addons:
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"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Wed Apr 27, 2016 10:47 am

Ok so, 8's and 12's and 1's are exactly the same as space really.
Have you read this post?

MightyOne wrote:I have 5 macros to work with and it can contain anything from 20 (FOURS) to 80 (SIXTEENS) pips.

If the boxes are too small then I know that I am not sized correctly for the chart that I am looking at.
I throw the indicator, that Salez kindly wrote for us, on the chart and look at how price is moving through the lines and how many macros are won or lost in different scenarios .

I start with the larger boxes, where it is easier to control risk, and then work my way to the smaller boxes.

If my target is 4% per day over 12 macros then:

(.04 / 12)accountSize = $/macro-pip

Divide by 16 to trade SIXTEENS, etc.

The rest is just trading from midpoints or current breakouts or even 1-2-3.

The more TRO the more GROW ;)


5x4= 20 pips.. 5x16 = 80 pips
(,04 / 12)1000 = 3,33
4% of 1000 is 40 and 3,33x12 macro's is 39,96
3,33 / 16 = ,20 a micro pip
3,33 / 8 = ,40
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Wed Apr 27, 2016 11:45 am

Thanks B,

With your help I'll get the hang of it in no time... Thanks for taking the time!
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Apr 27, 2016 12:43 pm

Jalarupa wrote:Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...


(%target / dailyPips)accountSize = $_PER_PIP
$_PER_PIP / macroNumber = $_PER_LINE

WE ARE TRADING FOR X_DOLLARS_PER_LINE

If we are looking to make 12 pips per day then that is
12 lines of any macro or of any combination of macros.

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Re: The ideas that I trade by:

Postby MightyOne » Wed Apr 27, 2016 1:07 pm

salezyakuku wrote:Addons:
Lines.png


Salezy, just when I find something to do with my hands you take it away from me :lol:

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Re: The ideas that I trade by:

Postby salezyakuku » Wed Apr 27, 2016 2:50 pm

MightyOne wrote:
salezyakuku wrote:Addons:
Lines.png


Salezy, just when I find something to do with my hands you take it away from me :lol:


You will have more time for new thread. :lol:
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Re: The ideas that I trade by:

Postby MightyOne » Thu Apr 28, 2016 3:41 am

Still want to trade for ONES?

Making back 13 lines (4.33%) is easy, just narrow the spacing of the lines.

Making back 208 lines (69.33%) is not as easy, that's game over.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Thu Apr 28, 2016 7:48 am

MightyOne wrote:
Jalarupa wrote:Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...


(%target / dailyPips)accountSize = $_PER_PIP
$_PER_PIP / macroNumber = $_PER_LINE

WE ARE TRADING FOR X_DOLLARS_PER_LINE

If we are looking to make 12 pips per day then that is
12 lines of any macro or of any combination of macros.


Right so here goes...

Image

I have calculated my $/MicroPIP and placed it in as my lot size...

I have taken a trade at the 07 Macro with a hard stop at the 12 Macro...

and set a Alert for me to Scale out at the 09 Macro...

Image

How would this scaling out work? Would I just adjust for the remaining Macro's and place a buy stop order for the difference?

Image

So a buy stop for 0.17?

I feel like I got this all wrong somehow...

Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...

Image
Feed my will to feel this moment urging me to cross the line.
Reaching out to embrace the random.
Reaching out to embrace whatever may come.

I trade using <<FX SYNERGY>>

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Re: The ideas that I trade by:

Postby thepark » Thu Apr 28, 2016 2:47 pm

I don't understand the significance of MACRO pips either. You trade a smaller $/pip by dividing the $/macro-pip by say, 16 and but you are in reality going for pips*16 and calling it a macro pip.

Why do you need to go through all this if you're comfortable trading and risking the real number of pips on the chart? doesnt it make more sense to set a stop based on what is going on on the charts and setting stops behind wicks, extremes etc and of course keeping in mind risk and reward?

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