The ideas that I trade by:

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Aug 20, 2016 4:30 pm

Pressed?
See, I do not understand.
I know you are speaking English.
But it is Greek to me!!
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 » Sat Aug 20, 2016 7:17 pm

TheRumpledOne wrote:Pressed?
See, I do not understand.
I know you are speaking English.
But it is Greek to me!!


By pressing he means adding to the value of a line.. pressing it up in value.
So if from line 1 to 2 you make 30$.. you could "press" the value of the line up to 50$ by increasing your lot size.

Nothing crazy just a figure of speech :D
"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 » Sat Aug 20, 2016 7:25 pm

TheRumpledOne wrote:Pressed?
See, I do not understand.
I know you are speaking English.
But it is Greek to me!!


Same as ++ or += when you are writing code.

"Press it to $50" or "make it look like $50" is an instruction given to the dealer to increase your bet by a certain amount.

So if your lot size is 0.75 ($30/line) then the first press (++ on the Eights indicator) is 0.25 ($40/line) and your second is also 0.25 ($50/line)

Pair 1:
30-40-50-60-80-100
0.75 + 0.25 + 0.25 + 0.25 + 0.50 + 0.50 = 2.50

Pair 2:
30-40-50-60-80-100
0.75 + 0.25 + 0.25 + 0.25 + 0.50 + 0.50 = 2.50

Pair 1 moved to the monthly:
100
2.50 reduced to 0.18

Pair 3:
30-40-50

Pair 2 moved to the monthly:
2.5 reduced to 0.18

Pair 3:
30-40-50-60-80-100

...

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Sat Aug 20, 2016 9:01 pm

I still do not understand.

Maybe someone else can translate.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: The ideas that I trade by:

Postby Jalarupa » Sat Aug 20, 2016 9:47 pm

Space can be "pressed" by making your boxes/lines smaller/closer together respectively...

So you trade with a stop of 16 pips at 1.25% and you earn/gain 32 pips profit...

If 16 pips represents 4 boxes of 4 pips or 4 lines of 4 pips distance

You could now press your next trade by making the distance between the lines closer together our by using less boxes as a stop...

Basic space management that the lines / eights indicator allows you to do on the fly...
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Re: The ideas that I trade by:

Postby BaraKuda » Sun Aug 21, 2016 6:28 am

MightyOne wrote:
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:





Mighty


I'm trading daily breakout on E/J , and i try for months to define a dynamic MM to fit my signal expectancy

Statistics for E/J daily Breakout for the last 1000 daily bars:
1.Breakout High : 476 occurrences
7.98% of break will give between 0 &4 pips
5.46% of break will give between 5 & 10 pips
86.55% of break will give >11pips

My target is to capture 5 pips minimum and 10 pips if possible with as much of possible units
the goal is to capture maximum 10 pips but with large lots size
normally i enter in position and when at +5 pips i set BE +0 and take out 20%
at +10 pips i move BE at +5 and take out 50% and set final TP (30%) at +20 pips

Any thoughts on this method , does it make sense for you , or do you believe there is room to improve ?

thanks in advance for the time and efforts Mighty

BRKD


Any advice on how i should

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Re: The ideas that I trade by:

Postby salezyakuku » Sun Aug 21, 2016 2:13 pm

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Re: The ideas that I trade by:

Postby MightyOne » Sun Aug 21, 2016 7:16 pm

BaraKuda wrote:
Mighty

I'm trading daily breakout on E/J , and i try for months to define a dynamic MM to fit my signal expectancy

Statistics for E/J daily Breakout for the last 1000 daily bars:
1.Breakout High : 476 occurrences
7.98% of break will give between 0 &4 pips
5.46% of break will give between 5 & 10 pips
86.55% of break will give >11pips

My target is to capture 5 pips minimum and 10 pips if possible with as much of possible units
the goal is to capture maximum 10 pips but with large lots size
normally i enter in position and when at +5 pips i set BE +0 and take out 20%
at +10 pips i move BE at +5 and take out 50% and set final TP (30%) at +20 pips

Any thoughts on this method , does it make sense for you , or do you believe there is room to improve ?

thanks in advance for the time and efforts Mighty

BRKD

Any advice on how i should


I prefer to reduce by 1/3 and then by 1/2 or increase by 1/3, 1/4, 1/5, repeat.
It is good that you are taking profit before moving your stop.

How much money do you want to make?
How many pips are available?
What should your position size be, based on the available pips, to reach your profit target?

When I was with ProAct Traders, our first trade of the day was for 55 pips...
let's say that you trade at $30 per pip and you want to make 30 x 10 dollars.
Your position size would then be (10/55)30 = $5.46/pip
$5.46 x 55 = $300.30

Maybe you see a couple of 14 pip movers: (10/14)30 = $21.43/pip

What I am saying is "trade TO GOALS not THROUGH GOALS"

Just about every trader says "I only want 10 pips...but if it goes ONE HUNDRED AND FOURTY :P" :lol:
No, if you think that it is going to move 140 pips then size your trade (or reduce) to (10/140)30
Say "I only want 10 pips, $30 x 10, $300", save your margin to make another $300 on something else.

But that is just my opinion, if you see it differently then do it differently.

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Re: The ideas that I trade by:

Postby prochargedmopar » Sun Aug 21, 2016 11:13 pm

BaraKuda wrote:
MightyOne wrote:
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:





Mighty


I'm trading daily breakout on E/J , and i try for months to define a dynamic MM to fit my signal expectancy

Statistics for E/J daily Breakout for the last 1000 daily bars:
1.Breakout High : 476 occurrences
7.98% of break will give between 0 &4 pips
5.46% of break will give between 5 & 10 pips
86.55% of break will give >11pips

My target is to capture 5 pips minimum and 10 pips if possible with as much of possible units
the goal is to capture maximum 10 pips but with large lots size
normally i enter in position and when at +5 pips i set BE +0 and take out 20%
at +10 pips i move BE at +5 and take out 50% and set final TP (30%) at +20 pips

Any thoughts on this method , does it make sense for you , or do you believe there is room to improve ?

thanks in advance for the time and efforts Mighty

BRKD


Any advice on how i should


Have you done any studies on breakouts of reversal bars?
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: The ideas that I trade by:

Postby BaraKuda » Sun Aug 21, 2016 11:57 pm

prochargedmopar wrote:
BaraKuda wrote:
MightyOne wrote:
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:





Mighty


I'm trading daily breakout on E/J , and i try for months to define a dynamic MM to fit my signal expectancy

Statistics for E/J daily Breakout for the last 1000 daily bars:
1.Breakout High : 476 occurrences
7.98% of break will give between 0 &4 pips
5.46% of break will give between 5 & 10 pips
86.55% of break will give >11pips

My target is to capture 5 pips minimum and 10 pips if possible with as much of possible units
the goal is to capture maximum 10 pips but with large lots size
normally i enter in position and when at +5 pips i set BE +0 and take out 20%
at +10 pips i move BE at +5 and take out 50% and set final TP (30%) at +20 pips

Any thoughts on this method , does it make sense for you , or do you believe there is room to improve ?

thanks in advance for the time and efforts Mighty

BRKD


Any advice on how i should


Have you done any studies on breakouts of reversal bars?


I'm just looking at distribution , but if there is something else to investigate i'm ready ...

Thanks

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