The ideas that I trade by:

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thepark
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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.

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Re: The ideas that I trade by:

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

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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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Re: The ideas that I trade by:

Postby MightyOne » Sun May 01, 2016 7:01 pm

thepark wrote:
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


The value of the macro is fixed, say .333%, but the space between the lines is not.

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Re: The ideas that I trade by:

Postby thepark » Sun May 01, 2016 7:17 pm

MightyOne wrote:
thepark wrote:
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


The value of the macro is fixed, say .333%, but the space between the lines is not.


The dollar value of a macro is a function of the dollar per pip value and the MACRO number (number of pips per line) is it not? So if i divide my $/pip by 16 to trade SIXTEENS my actual real pip value of the MACRO will increasing proportionately hence the value of the macro is fixed.

but how can the space between lines between the lines change if you are trading a certain macro number (SIXTEEN, EIGHTS)? because it dictates the number of pips of that MACRO unless i say switch from trading SIXTEENS to EIGHTS?

thanks for this..... sorry for bearing with me.

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Re: The ideas that I trade by:

Postby MightyOne » Sun May 01, 2016 8:27 pm

thepark wrote:
The dollar value of a macro is a function of the dollar per pip value and the MACRO number (number of pips per line) is it not? So if i divide my $/pip by 16 to trade SIXTEENS my actual real pip value of the MACRO will increasing proportionately hence the value of the macro is fixed.

but how can the space between lines between the lines change if you are trading a certain macro number (SIXTEEN, EIGHTS)? because it dictates the number of pips of that MACRO unless i say switch from trading SIXTEENS to EIGHTS?

thanks for this..... sorry for bearing with me.


If a pip is $50 then each macro is $50.

$3.13 x 16 = $50
$4.17 x 12 = $50
$6.25 x 08 = $50

If I wish to "narrow" the spacing of the lines from SIXTEENS to TWELVES then I increase my position size from $3.13/pip to $4.17/pip.

As soon as I "add" to the position the lines narrow and I gain/lose at a rate of TWELVES.

Sorry if I explain things poorly, I hope that this answers your question.

thepark
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Re: The ideas that I trade by:

Postby thepark » Mon May 02, 2016 4:55 am

MightyOne wrote:
thepark wrote:
The dollar value of a macro is a function of the dollar per pip value and the MACRO number (number of pips per line) is it not? So if i divide my $/pip by 16 to trade SIXTEENS my actual real pip value of the MACRO will increasing proportionately hence the value of the macro is fixed.

but how can the space between lines between the lines change if you are trading a certain macro number (SIXTEEN, EIGHTS)? because it dictates the number of pips of that MACRO unless i say switch from trading SIXTEENS to EIGHTS?

thanks for this..... sorry for bearing with me.


If a pip is $50 then each macro is $50.

$3.13 x 16 = $50
$4.17 x 12 = $50
$6.25 x 08 = $50

If I wish to "narrow" the spacing of the lines from SIXTEENS to TWELVES then I increase my position size from $3.13/pip to $4.17/pip.

As soon as I "add" to the position the lines narrow and I gain/lose at a rate of TWELVES.

Sorry if I explain things poorly, I hope that this answers your question.


Thanks MO, i appreciate the time you put in to explain these concepts. You don't owe us anything. :mrgreen:

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Re: The ideas that I trade by:

Postby salezyakuku » Mon May 02, 2016 11:56 am

Jalarupa wrote:I really love this EIGHTS indi...


At any time you can express your love by clicking the link. :lol: :lol: :lol:

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Re: The ideas that I trade by:

Postby Jalarupa » Mon May 02, 2016 2:29 pm

salezyakuku wrote:
Jalarupa wrote:I really love this EIGHTS indi...


At any time you can express your love by clicking the link. :lol: :lol: :lol:

eights.png


I have no problem paying for tools that enhance my ability to trade...

Is there a possibility that your tool could be made to track a horizontal line instead of manually entering a price?

Something like if I rename a line "eights" on my chart and can move it around on the fly, and then the indicator adjusts with its movements, that would be great!

I'm sure it could be done on a chart refresh like when you change time frames...?
Feed my will to feel this moment urging me to cross the line.
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