The ideas that I trade by:

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Fri Apr 29, 2016 6:03 pm

In my testing I have found another interesting use for the EIGHTS indi...

Image

You line the trendlines up so that they stop on the line INLINE with one another vertically and count the lines from top to mid and then count same number of lines and place the bottom line to create the pitchfork...

I really love this EIGHTS indi...

Wonder if you could have a setting whereby it automatically tracks the order entry and average price when scaling occurs...?
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Apr 29, 2016 6:06 pm

aliassmith wrote:
Guess i should stop trading since i scale in and out of trades. I don't want to be a jackass. #-o


Don't scale into trades, is that what I said?

Or was I talking about how a specific person scales into trades?:

prochargedmopar wrote:...even hold for -1000 @"any" size...


This is not even funny.

$.10 x 1000 is about 13% of your account.

If you average -400 pips at $.30 then you have lost 15% of your account and to make what?
You know that you are going to be so happy to be up $40 that you are going to close the trade and then write a long post crying about how your average loss is greater than your average win.

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 29, 2016 6:25 pm

MightyOne wrote:
aliassmith wrote:
Guess i should stop trading since i scale in and out of trades. I don't want to be a jackass. #-o


Don't scale into trades, is that what I said?

Or was I talking about how a specific person scales into trades?:

...even hold for -1000 @"any" size...


That's kinda what you wrote depending on where the punctuation would be. :D

I agree PRO's poor excuse for scaling in is used to cover up his inabillity to take a lose.

I scale because i believe support and resistance are areas so throwing every thing at one spot doesn't really work for me.

I scale out because the market can do just about anything and I'm getting paid damnit!
Trade Your Way as Long as It Makes Money!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Apr 29, 2016 6:35 pm

aliassmith wrote:
That's kinda what you wrote depending on where the punctuation would be. :D


There are many many things that I have to work on, punctuation is one of them.

Sometimes I will hear the words in my head and stop typing only to resume later on in the thought or I will think about two things at the same time and make a jumbled sentence.
When I was young I was tested for ADD and they said that I was fine.

it has been getting worse since I quit drinking. :lol:

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Re: The ideas that I trade by:

Postby Jalarupa » Fri Apr 29, 2016 6:39 pm

MightyOne wrote:
aliassmith wrote:
That's kinda what you wrote depending on where the punctuation would be. :D


There are many many things that I have to work on, punctuation is one of them.

Sometimes I will hear the words in my head and stop typing only to resume later on in the thought or I will think about two things at the same time and make a jumbled sentence.
When I was young I was tested for ADD and they said that I was fine.

it has been getting worse since I quit drinking. :lol:


I'm dyslexic... explains why I struggle with numbers... Don't even think the CFA exams are within my reach because of the way I screw up numbers... its scary!

So I have to make things work in other ways :)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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laksh
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Re: The ideas that I trade by:

Postby laksh » Fri Apr 29, 2016 7:52 pm

MightyOne wrote:
aliassmith wrote:
Guess i should stop trading since i scale in and out of trades. I don't want to be a jackass. #-o


Don't scale into trades, is that what I said?

Or was I talking about how a specific person scales into trades?:

prochargedmopar wrote:...even hold for -1000 @"any" size...


This is not even funny.

$.10 x 1000 is about 13% of your account.

If you average -400 pips at $.30 then you have lost 15% of your account and to make what?
You know that you are going to be so happy to be up $40 that you are going to close the trade and then write a long post crying about how your average loss is greater than your average win.


I was a jackass :-( Ever since I started applying your space ideas, I think I am becoming a smartass :-)

Something on my wall:
I have to get disgusted. I have to make a decision to change. I must take the action necessary to make it happen. But, I need to stick to the process and be ruthless in executing it. I have to visualize that change becoming a reality. Its what I choose to do that will keep me broke or make me a fortune. :)

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Re: The ideas that I trade by:

Postby thepark » Sun May 01, 2016 1:12 pm

this is starting to make sense...lets say you guys make 5 macros @sixteens risking 3macro @sixteens, do you drop down to risk 3 macro @eights to double your size or do you keep trading sixteens? why?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun May 01, 2016 2:57 pm

thepark wrote:this is starting to make sense...lets say you guys make 5 macros @sixteens risking 3macro @sixteens, do you drop down to risk 3 macro @eights to double your size or do you keep trading sixteens? why?


If I make 5 SIXTEEN pips then I have 5 of any other macro, even ONES, to do with as I wish.

If I want to make 12 pips per day then I size my trades to make 12 pips per week; this insures that there is no adverse daily move that is unrecoverable.

Over the course of the day the line spacing is narrowed and the number of active pairs is reduced to keep risk to a minimum while reaching for the daily goal.

Position sizing sets the speed at which %'s are made where as money management sets the value of each interval.

Why not just set a 6 or 8 pip stop and target 12 pips per day? Account destroying price spikes, that's why.

EURUSDM15.png
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun May 01, 2016 6:36 pm

USDTRYH1.png
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thepark
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Re: The ideas that I trade by:

Postby thepark » Sun May 01, 2016 6:46 pm

MightyOne wrote:
thepark wrote:this is starting to make sense...lets say you guys make 5 macros @sixteens risking 3macro @sixteens, do you drop down to risk 3 macro @eights to double your size or do you keep trading sixteens? why?


If I make 5 SIXTEEN pips then I have 5 of any other macro, even ONES, to do with as I wish.

If I want to make 12 pips per day then I size my trades to make 12 pips per week; this insures that there is no adverse daily move that is unrecoverable.

Over the course of the day the line spacing is narrowed and the number of active pairs is reduced to keep risk to a minimum while reaching for the daily goal.

Position sizing sets the speed at which %'s are made where as money management sets the value of each interval.

Why not just set a 6 or 8 pip stop and target 12 pips per day? Account destroying price spikes, that's why.

EURUSDM15.png


Thanks MO..what do you mean when the line spacing is narrowed? isnt the spacing always fixed to your MACRO size?

Sorry if im not making any sense

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