The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Aug 17, 2016 2:53 am

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Braathen
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Re: The ideas that I trade by:

Postby Braathen » Wed Aug 17, 2016 2:31 pm

Price failed to stay below. Bias is long.
15* pattern made and price moves with it.

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Does this mean that if you have BIG money and your not a pimple on the arsehole of the market like me,
you will only find liquidity trading back to the pattern or trading away once people are being zeroed?

Anyway! Enjoyed the back and forth between you and PTG.. was a good read!
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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Re: The ideas that I trade by:

Postby MightyOne » Wed Aug 17, 2016 4:10 pm

Braathen wrote:Price failed to stay below. Bias is long.
15* pattern made and price moves with it.

Does this mean that if you have BIG money and your not a pimple on the arsehole of the market like me,
you will only find liquidity trading back to the pattern or trading away once people are being zeroed?

Anyway! Enjoyed the back and forth between you and PTG.. was a good read!


You don't need BIG money, you just need proper position sizing :wink:

What is up? What is down? What is present? What is past? What is happening?
Questions are more important than the answers.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Wed Aug 17, 2016 10:55 pm

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I may be getting the hang of this.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Thu Aug 18, 2016 1:51 am

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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: The ideas that I trade by:

Postby Braathen » Fri Aug 19, 2016 8:58 am

"What is up? What is down? What is present? What is past? What is happening?"

Sounds like me on a saturday morning :P

As always thanks for the feedback.
So when you said.. once you see it you cant unsee it is just so true.
This is all i see know :P

First here is bias short.
Someone said you can do 2 things.. trade away from it or back in.

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Today i went against my bias.
Just a gut feeling really. You can see the play between the 2 areas and it just doesnt look short :D

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Re: The ideas that I trade by:

Postby MightyOne » Fri Aug 19, 2016 4:41 pm

Braathen wrote:"What is up? What is down? What is present? What is past? What is happening?"

Sounds like me on a saturday morning :P

As always thanks for the feedback.
So when you said.. once you see it you cant unsee it is just so true.
This is all i see know :P

First here is bias short.
Someone said you can do 2 things.. trade away from it or back in.

Today i went against my bias.
Just a gut feeling really. You can see the play between the 2 areas and it just doesn't look short :D


I make the same call when price is above the daily open.

Right now you see that the trade is above the monthly low and daily open so I wouldn't go short.

Why the longer term bias?:

On the M5 your position size might be 0.75 where as on the monthly chart it is 0.05.
You are making $30/line on the M5, you close out 93.333% of your position, and you are still making $30/line on the monthly chart :P

It is not a lot of money, but if you add 2 more monthly trades to it and you start pressing them up (consumes near 0 margin to press a monthly) then you can make a few hundred to a few thousand dollars (more MN trades & press) per line while you actively trade the smaller charts...

...keep in mind that you closed out 93.333% of your winning trades to get to this position & are so deep in OPM that you are drowning :lol:


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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Aug 20, 2016 12:50 am

MightyOne wrote:
Braathen wrote:"What is up? What is down? What is present? What is past? What is happening?"

Sounds like me on a saturday morning :P

As always thanks for the feedback.
So when you said.. once you see it you cant unsee it is just so true.
This is all i see know :P

First here is bias short.
Someone said you can do 2 things.. trade away from it or back in.

Today i went against my bias.
Just a gut feeling really. You can see the play between the 2 areas and it just doesn't look short :D


I make the same call when price is above the daily open.

Right now you see that the trade is above the monthly low and daily open so I wouldn't go short.

Why the longer term bias?:

On the M5 your position size might be 0.75 where as on the monthly chart it is 0.05.
You are making $30/line on the M5, you close out 93.333% of your position, and you are still making $30/line on the monthly chart :P

It is not a lot of money, but if you add 2 more monthly trades to it and you start pressing them up (consumes near 0 margin to press a monthly) then you can make a few hundred to a few thousand dollars (more MN trades & press) per line while you actively trade the smaller charts...

...keep in mind that you closed out 93.333% of your winning trades to get to this position & are so deep in OPM that you are drowning :lol:


USDCADM5.png


I wish I understood this.
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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Re: The ideas that I trade by:

Postby Jalarupa » Sat Aug 20, 2016 4:07 am

TheRumpledOne wrote:
MightyOne wrote:
Braathen wrote:"What is up? What is down? What is present? What is past? What is happening?"

Sounds like me on a saturday morning :P

As always thanks for the feedback.
So when you said.. once you see it you cant unsee it is just so true.
This is all i see know :P

First here is bias short.
Someone said you can do 2 things.. trade away from it or back in.

Today i went against my bias.
Just a gut feeling really. You can see the play between the 2 areas and it just doesn't look short :D


I make the same call when price is above the daily open.

Right now you see that the trade is above the monthly low and daily open so I wouldn't go short.

Why the longer term bias?:

On the M5 your position size might be 0.75 where as on the monthly chart it is 0.05.
You are making $30/line on the M5, you close out 93.333% of your position, and you are still making $30/line on the monthly chart :P

It is not a lot of money, but if you add 2 more monthly trades to it and you start pressing them up (consumes near 0 margin to press a monthly) then you can make a few hundred to a few thousand dollars (more MN trades & press) per line while you actively trade the smaller charts...

...keep in mind that you closed out 93.333% of your winning trades to get to this position & are so deep in OPM that you are drowning :lol:


USDCADM5.png


I wish I understood this.


Hi TRO,

MO is talking about sizing a position from the M5 trading it and closing out 93% of the profit and that would/should equate to being sized according to the monthly lines...

Do yourself a favor, place the lines indy that MO and salez have crafted... Measure risk on the M5 and compares it with the risk measurement/lot size the indy expresses in a monthly chart and you'll see...

It's all about how you size yourself (and add to size) in terms of how long you wish to hold the trade for...

At least that is my understanding of the conversation...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sat Aug 20, 2016 7:24 am

Jalarupa wrote:
Hi TRO,

MO is talking about sizing a position from the M5 trading it and closing out 93% of the profit and that would/should equate to being sized according to the monthly lines...

Do yourself a favor, place the lines indy that MO and salez have crafted... Measure risk on the M5 and compares it with the risk measurement/lot size the indy expresses in a monthly chart and you'll see...

It's all about how you size yourself (and add to size) in terms of how long you wish to hold the trade for...

At least that is my understanding of the conversation...


That is correct.

If you press twice on the M5, from $30 to $50/line, then you simply reduce to the monthly pressed twice and that is $50 per line.

If you gain 4 lines in one period/pair then you have 4 lines in another period/pair.

If you pull up a monthly chart and count the number of lines that are running through the bars then you will see that it is only 4 or 5 lines
& that $30 x 5 is only $150.
You may be inclined to think that it is not worth your time, and you would be right, but it is a monthly chart so how much time could you possibly be wasting?
$30 x 5 = $150, but $30 pressed to $100/line (+2 +2 +2 +4 +4 micro) x 5 is $500+.
$500 x 3 pairs is $1500/line
Maybe next month you average 9 lines and bring in $13,500...
you just doubled up using a total of 6 mini lots and all that you had to do was not close the entire trade and occasionally add two micro lots (scary, I know!).

If you wanted to trade the pair more actively then you might reduce and trade the H4 and then pick up another M5 trade.

Space Wars is simple, once you see it you cannot unsee it :lol: :wink:

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