The ideas that I trade by:

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Fri Apr 29, 2016 9:13 am

When you get your 5% your account will be bigger and your 1% will be a bigger number so you would be "reinvesting your gains".
I dunno if thats what you ment :P trade to a goal not through a goal
"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 » Fri Apr 29, 2016 9:16 am

Okay that makes sense...

So when I grow my account by 5% in this case $150 of $3000 I then take that $150 and unleash hell... :)

Thank you for making it easy!
Edit - By stating the obvious... :oops:
Feed my will to feel this moment urging me to cross the line!
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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Fri Apr 29, 2016 10:09 am

Thats not really what i ment haha

When you reach your goal.. in your case 5%.. you stop.. reset to a new micropip value and work your way up again to your goal of 5%.
More risk is just more risk.
You can only enter x amount of lots on your account so whether you worked your way to max$pip from 30 dollers of risk or from 150 dollers of risk.
Thats just my opinion ofc.. as long as its OPM do whatever you like :D
"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 » Fri Apr 29, 2016 11:05 am

haha I see your point LOL...

I must say after taking some time to apply some thought into the newer information, I've made the EIGHTS indicator give me a solid line every 2 lines and chosen 8 pips/MacroLine...

This allows me to ADD (via doubling on the fly and keep my Risk relative)

All I do is if I'm sized to 3 Macro's and I need to double... I take the average line generated by Manta's old average entries indi (blubbs will work as well) and center EIGHTS indi to that price and I then pull my stop down three mini macros or 1.5 big macros (Solid line and dotted line)

Image

Love it!
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!

Trade management by <<FX SYNERGY>>
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Apr 29, 2016 4:54 pm

If you scale into trades like a jackass (you know who you are) you are going to lose money.
You cannot afford multi hundred pip losses at ANY SIZE...how many times must...

Some people need rules so here are some rules:

1) HOUR+ charts.
BUY only when: a) candle is green b) price is above a midpoint c) price failed to maintain lows after a breakout
2) Enter twice on the entry candle.
If your stop isn't hit 10 seconds before the new candle then make a forced second purchase.
If you are stopped out then restart the sequence
3) Skip the next candle
4) enter on the open after the skipped candle

EDIT: I'm not saying that this is perfect, it is just meant to give you some idea of what scaling into trades should look like.

XAUUSDecnH4.png
XAUUSDecnH4.png (22.55 KiB) Viewed 587 times

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aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Fri Apr 29, 2016 5:34 pm

MightyOne wrote:If you scale into trades like a jackass (you know who you are) you are going to lose money.
You cannot afford multi hundred pip losses at ANY SIZE...how many times must...

Some people need rules so here are some rules:

1) HOUR+ charts.
BUY only when: a) candle is green b) price is above a midpoint c) price failed to maintain lows after a breakout
2) Enter twice on the entry candle.
If your stop isn't hit 10 seconds before the new candle then make a forced second purchase.
If you are stopped out then restart the sequence
3) Skip the next candle
4) enter on the open after the skipped candle

EDIT: I'm not saying that this is perfect, it is just meant to give you some idea of what scaling into trades should look like.

XAUUSDecnH4.png


Guess i should stop trading since i scale in and out of trades. I don't want to be a jackass. #-o
Trade Your Way as Long as It Makes Money!

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prochargedmopar
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Re: The ideas that I trade by:

Postby prochargedmopar » Fri Apr 29, 2016 5:44 pm

aliassmith wrote:
MightyOne wrote:If you scale into trades like a jackass (you know who you are) you are going to lose money.
You cannot afford multi hundred pip losses at ANY SIZE...how many times must...

Some people need rules so here are some rules:

1) HOUR+ charts.
BUY only when: a) candle is green b) price is above a midpoint c) price failed to maintain lows after a breakout
2) Enter twice on the entry candle.
If your stop isn't hit 10 seconds before the new candle then make a forced second purchase.
If you are stopped out then restart the sequence
3) Skip the next candle
4) enter on the open after the skipped candle

EDIT: I'm not saying that this is perfect, it is just meant to give you some idea of what scaling into trades should look like.

XAUUSDecnH4.png


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


I scale in after going down 100+, even hold for -1000 @"any" size.
But I have a "fine-ass". :mrgreen:
#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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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...?
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!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

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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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