The ideas that I trade by:

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Fri Jul 15, 2016 3:34 pm

those charts fill me with such joy!

Thanks MO! Been going over your chats for the last week and... It's art, pain and simple...

Thanks for posting...

And let one person spoil this moment by being an *censored - swear word* and I will hunt you down and end you!
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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v8power
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Re: The ideas that I trade by:

Postby v8power » Sat Jul 16, 2016 4:48 am

:mrgreen:

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Re:

Postby v8power » Sat Jul 16, 2016 5:27 am

MightyOne wrote: "Intelligence is the ability to make finer distinctions"



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v8power
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Re:

Postby v8power » Sat Jul 16, 2016 5:46 am

MightyOne wrote:How do you trade patterns? With horizontal lines (think P&F).

:shock: I have the wrong version of Eights loaded on this chart...I should delete the other copies :lol:


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Re: The ideas that I trade by:

Postby MightyOne » Sat Jul 16, 2016 5:01 pm

A "risk-box" is the total amount of "space" that you are risking &/or the only prices that are tradable.
Think of a risk-box as a curtain hanging from a stop-loss; if you know how to place a stop then you know how to select a trade.

"Space", the distance between lines, is the number of pips that equals a specific dollar value & it is also a gauge for correct position sizing.

It is helpful to think of each line as a pip with a value that is a constant.
If you want to jump from USDZAR to EURUSD you can either pull out your calculator, and lose time,
or know that you have 5 lines of space because 5 lines on the USDZAR is the same as 5 lines on the EURUSD.

Space is visual money management, the better you can see the better you can manage.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Jul 16, 2016 6:01 pm

Is the lowest part of the risk box where you entered?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Sat Jul 16, 2016 6:23 pm

Hey TRO - You would enter anywhere inside the box...

FX Synergy makes this REALLY easy...

SynergyEUM5Box Trade.PNG
SynergyEUM5Box Trade.PNG (56.07 KiB) Viewed 545 times

The RED LINE is the SL painted by the trade panel by selecting the SL key on the panel... The Boxes just show that over time price moves into a box... or striking range... ;)

I set my Risk % on the EightsV4 indicator and then I do the same on FX Synergy in the trading panel in the top right...
MO is currently using a hard stop of 3.5 Lines... That is his Space / Risk-Box

FX Synergy makes it even easier by calculating the lot size relative to the stop loss and the trades chosen risk % at current price... So when price is inside the BOX you just hit a market order to sell and the software calculates the exact lot size required for the trade...

So if you are doing well in terms of stop placement like MO is emphasizing and you are comfortable with the risk then you can gear a position that is within your striking range to something higher than your risk box... whilst keeping risk relative...

MO is just applying this indicator to a money management strategy that helps him to quickly calculate lot size on the fly...

I on the other hand am FREAKING LAZY... and have a tool (a very sexy tool at that) that does all of the heavy lifting for me... The Eights indi helps me to place my stop within 3.5 Lines where I'm thinking is a good place to buy or sell...
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>>

v8power
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Re: The ideas that I trade by:

Postby v8power » Sat Jul 16, 2016 6:34 pm

Jalarupa wrote:Hey TRO - You would enter anywhere inside the box...

FX Synergy makes this REALLY easy...

SynergyEUM5Box Trade.PNG
The RED LINE is the SL painted by the trade panel by selecting the SL key on the panel... The Boxes just show that over time price moves into a box... or striking range... ;)

I set my Risk % on the EightsV4 indicator and then I do the same on FX Synergy in the trading panel in the top right...
MO is currently using a hard stop of 3.5 Lines... That is his Space / Risk-Box

FX Synergy makes it even easier by calculating the lot size relative to the stop loss and the trades chosen risk % at current price... So when price is inside the BOX you just hit a market order to sell and the software calculates the exact lot size required for the trade...

So if you are doing well in terms of stop placement like MO is emphasizing and you are comfortable with the risk then you can gear a position that is within your striking range to something higher than your risk box... whilst keeping risk relative...

MO is just applying this indicator to a money management strategy that helps him to quickly calculate lot size on the fly...

I on the other hand am FREAKING LAZY... and have a tool (a very sexy tool at that) that does all of the heavy lifting for me... The Eights indi helps me to place my stop within 3.5 Lines where I'm thinking is a good place to buy or sell...


Ja when does 2.0 come out? Think it might be time for me to take the plunge

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Sat Jul 16, 2016 6:46 pm

It should be landing any day now good buddy :)

Its ready... the DEVS are just testing every single possible feature to ensure that there are no problems... its taking longer than expected because the 2.0 release is such a massive update...

SynergyScalesIN.PNG
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- The above is a LOT MULTIPLIER it multiplies your initial lot size by the number you have chosen... this could also be set to Risk % but I find the Lot Multiplier to be more beneficial for the purpose of scaling as I have set out below...
SynergyScales.PNG
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- One more awesome feature of FXS is that I can preset my scaling and partial exit strategy for the pair that I am trading... here... I am attempting to scale in as quickly as possible - whilst keeping initial risk relative through stepping function of the software... I step down 1 micro pip before each new entry and that way that new entry gets the same SL and the software also has a feature that lets you modify trades in the same group and a option to group trades by symbol so all of these new trades get the same stop loss and the existing trades get their stops adjusted accordingly... (ITS FREAKING INSANE!!!!!)

All the while risking the same % - so if you are staring down the barrel of a absolute PEACH of a Zeroline or quick spike into a cone and out... (one of the B moves in A B C) then you can place this preset on your trade and watch as the market runs away with you and you can be out just as quickly as you were in by setting the partial close to 100% in 18 pips lets say... and all this just by clicking once on your active trade to select the appropriate preset...

I don't think people realize just how awesome this software really is...?

at 500 bucks they giving it away... I've said it before, but If I could have shares in this business I would... really...

So click below to place your order now... :lol:
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>>

v8power
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Re: The ideas that I trade by:

Postby v8power » Sat Jul 16, 2016 10:31 pm

It does look amazing. Might take me a minute to figure it all out, stepping up from MT4 haha.

The one click order, scale in and group accounts options are like wet dreams for me. No longer would it be a race to hit f9 on multiple computers to type in orders hoping price doesn't move beyond my entry.

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