The ideas that I trade by:

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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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Jalarupa
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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 :)
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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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. :)

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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MightyOne
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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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MightyOne
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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.

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