The ideas that I trade by:

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MightyOne
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Postby MightyOne » Sat Nov 17, 2012 5:47 am

I don't see anything wrong with your trade although you could use a tad bit more aggression.

It is a 5 minute chart so you couldn't have done too much more, but I would have liked to see a 06 lot initial entry and +50% to 09 lots before the drop (I'm sure you would have liked to see that as well).
I would have also risked double so this would be an 8 or 9% win.

Continue along the path or Position, Lot Size, %
you are doing just fine.

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newscalper
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Postby newscalper » Sat Nov 17, 2012 9:59 am

Right, so are you saying there that his initial entry point would be at the same price but you'd essentially just have drawn the box differently so the entry was at the 6 lot line and less space available.

Plain English is so much easier for people to understand. Takes more time initially but you get your message across much faster in the long term.

How many attempts does it take to draw the fibs box like that then if you're trying to line the 06 line with the entry point...while scalping on a 7 minute chart? Or is it more like, have a rough guess, eyeball it, yeah I''ve got enough space, plonk 6 lots on, then draw box.

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MightyOne
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Postby MightyOne » Sat Nov 17, 2012 12:01 pm

Position, lot size, expansion <--- which one do you not understand?

The first step is to focus all of your energy on POSITION.

Next you focus on LOT SIZE while evaluating the strength of your position.

The last step is the markets job to complete.

Creativity (experience & strategy) is often used to get the job done.

If you don't have experience then you can substitute it with faith (believing that you are right until proven otherwise is credited to you as experience)


& NO, I am not trying to align x line with an entry point...

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prochargedmopar
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Postby prochargedmopar » Sat Nov 17, 2012 3:26 pm

MightyOne wrote:Position, lot size, expansion <--- which one do you not understand?

The first step is to focus all of your energy on POSITION.

Next you focus on LOT SIZE while evaluating the strength of your position.

The last step is the markets job to complete.

Creativity (experience & strategy) is often used to get the job done.

If you don't have experience then you can substitute it with faith (believing that you are right until proven otherwise is credited to you as experience)


& NO, I am not trying to align x line with an entry point...


He understands.
It's hard for MOST to believe attaining freedom is that easy.
The poor will be poor and remain slaves till death.
Changing one's "program" is a bitch.

You want to see some place it's hard to attain your freedom, watch this documentary on N. Korea.
https://www.youtube.com/watch?v=mxLBywKrTf4
1000 citizens were given sight by an outside surgeon and NOT ONE gave thanks to the doctor.........ALL thanked their Leader (God/King) as if he was a miracle worker.

Pretty crazy what goes on in the world AND how we whine and bellyache over the most trivial s**t.

Someone elsewhere in the world please tell me this is bias U.S. propaganda!!!!!

No internet,
No Cell phones (banned)
All books available written by the "father" of the king.
All news and television controlled by Gov.
Alot of them dont even know a man walked on the Moon?????

If ONE person in your family commits a crime, then entire family(childen, grandparents, ect) are put in HUGE concentration camps where they work till death with little or no food?

Nice.
Last edited by prochargedmopar on Sat Nov 17, 2012 4:57 pm, edited 1 time in total.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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newscalper
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Postby newscalper » Sat Nov 17, 2012 3:41 pm

MightyOne wrote:Position, lot size, expansion <--- which one do you not understand?

The first step is to focus all of your energy on POSITION.

Next you focus on LOT SIZE while evaluating the strength of your position.

The last step is the markets job to complete.

Creativity (experience & strategy) is often used to get the job done.

If you don't have experience then you can substitute it with faith (believing that you are right until proven otherwise is credited to you as experience)


& NO, I am not trying to align x line with an entry point...

:)

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MightyOne
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Postby MightyOne » Tue Nov 20, 2012 12:20 am

Updates:

Lines above the 50% reduce risk by 1/3:
20/15 = +33% space
12/09 = +33% space
Liquidating at 00 = -2/3

<--- I pushed the numbers to the left so that I can use auto scroll.

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bettlebox
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Postby bettlebox » Tue Nov 20, 2012 12:58 am

Hi MO

i would like ask your opinion on something is bugging me.

I was watching TRO video on a book called "Thinking fast and slow"
http://www.youtube.com/watch?v=jKl21h3D9Zw

What would you class as something that is not based in reality?

I remember you mentioning that markets moves in cycles of profits and elimination of profits, over and over again. This is true otherwise price would just run straight up and straight down. And zlines show us areas of held profit.

Therefore is fair of me say that this is based in reality :?:
its not just a random events that appears to match the concept ie creating an illusion.

Im confused about supply and demand, is this illusion or something thats based in reality?

I know its most probably a dumb questions, but its bit mixed up my head at moment.

anyone can answer btw.

thanks
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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MightyOne
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Postby MightyOne » Tue Nov 20, 2012 3:18 am

What would you class as something that is not based in reality?


Fear.

Im confused about supply and demand, is this illusion or something thats based in reality?


http://www.investopedia.com/university/ ... z2CjH1TkOd

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bettlebox
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Postby bettlebox » Tue Nov 20, 2012 5:00 am

Thanks MO much appreciated.

MightyOne wrote:
What would you class as something that is not based in reality?


Fear.

Im confused about supply and demand, is this illusion or something thats based in reality?


http://www.investopedia.com/university/ ... z2CjH1TkOd
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

arkan1976
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Postby arkan1976 » Tue Nov 20, 2012 11:55 am

Hello , this is a failed trade today -3 pips


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