The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 4:27 pm

Jalarupa wrote:
Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?


Increasing by a third is (3/4) or 25% less space (space = 75%).

Let's test it out:

$1 * 10 = $10
$1.334 * (10 * .75) = $10.

Trading 3 or more pairs and then increasing them by a third is the new double.
Last edited by MightyOne on Tue Jun 21, 2016 4:31 pm, edited 1 time in total.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Jun 21, 2016 4:30 pm

Thanking you! :D
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>>

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Tue Jun 21, 2016 5:54 pm

MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png


Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 6:17 pm

Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...


It is based on 2 line reversal HL P&F charts.

There are times when you take 1 line reversals, but that time is not every time.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 6:19 pm

MightyOne wrote:
TheRumpledOne wrote:What indicator are you using to draw your levels?


I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.


As usual, I can't figure out what you're doing and why!!

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Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!! What exactly am I missing?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 6:49 pm

TheRumpledOne wrote:
As usual, I can't figure out what you're doing and why!!

Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!!


You are looking at it as a thing instead of what it is; nothing, "space", money management.

I might risk .3% per line where each line is 8 pips apart.
I might then increase my size so that I am making .4% per line where each line is 6 pips apart.

Space is simply the visualization of money management.

What is the difference between EIGHTS and SSG? Comments and numbering lines from a point of origin.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 7:04 pm

Ideas are not hard as the head is not soft.

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Re: The ideas that I trade by:

Postby salezyakuku » Tue Jun 21, 2016 9:28 pm

I'm so lazy. :wink:

Code: Select all

"2.5 = " , (median*small)*0.025 , "\n" ,
"I only see my goals, I don't believe in failure 'Cause I know the smallest voices, they can make it major"

Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Fri Jun 24, 2016 3:35 pm

MightyOne wrote:
Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...


It is based on 2 line reversal HL P&F charts.

There are times when you take 1 line reversals, but that time is not every time.


So, the effectiveness comes down to your line spacing vs volatility of the pair. Perfect entries every time would also push you over, but assuming entry on 22 (of 23,22,21) as an avg over the long-term, the bet is that each directional move is larger than your entry criteria (2 lines) + your profit, given oscillations smaller than your entry criteria to prevent whipsaw.

Do you have a method to keep spacing paced with volatility? With volatility changing all the time you can either try to thread the needle with the best avg (large enough to not get whipped and small enough to not get whipped LOL) or keep it very tight, expect whip, but kill the big moves. I've never been able to make this type of strategy work for any length of time.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Jun 24, 2016 5:04 pm

Sacrophage wrote:
...

Do you have a method to keep spacing paced with volatility? With volatility changing all the time you can either try to thread the needle with the best avg (large enough to not get whipped and small enough to not get whipped LOL) or keep it very tight, expect whip, but kill the big moves. I've never been able to make this type of strategy work for any length of time.


The percentage of the median determines the approximate time frame that you are trading:
2.5%: minute charts
5%: multi-hour charts
10% daily charts.

As long as the median range is not on the small side & your risk is spread over 3.5 lines then you will be fine.

I would not go above 1.1667% risk over 3.5 lines.

If it doesn't work for you then it doesn't work for you.

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