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 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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salezyakuku
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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"

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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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NOTE: I am not going to be making any new posts,
I am done posting on forums. I wish you all the best.

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Re: The ideas that I trade by:

Postby Sacrophage » Fri Jun 24, 2016 5:50 pm

MightyOne wrote:
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.

selection.png

NOTE: I am not going to be making any new posts,
I am done posting on forums. I wish you all the best.


Thanks, Mighty. Nice chatting for the short time I've been here. Amazing work and patience sharing all you have. Enjoy life!

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Re: The ideas that I trade by:

Postby Jalarupa » Fri Jun 24, 2016 7:57 pm

Hopefully we can chat again when Synergy 2.0 drops...?

Thanks for everything, you will always be the MightyOne! You and Tro Made the most amazing success stories out of so many people in this forum!

Peace be with you on your journey!
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>>
<<Bitcoin Trading>>

aliassmith
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Re: The ideas that I trade by:

Postby aliassmith » Fri Jun 24, 2016 8:19 pm

MightyOne wrote:
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.

selection.png

NOTE: I am not going to be making any new posts,
I am done posting on forums. I wish you all the best.


I didn't see your note. I see that you accused me of having one foot out the door and you put both out. [-X

Do what you must. Take it easy.
Trade Your Way as Long as It Makes Money!

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