The ideas that I trade by:

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Mira
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Re: The ideas that I trade by:

Postby Mira » Wed Jan 18, 2017 12:44 pm

MightyOne wrote:
Mira wrote:
Thank you for your reply MO!

I have to put it in my head, I don't know why I chase for small profits when I only need so few trades per month.
It's not about waiting, it's just a bad habit. #-o
The problem is that trading a big chart sized on a small one is scary.. but 0.1% per line is a very safe start :)


If you have 9 lines on the H1 charts and you halve your size then you have 9 lines on the H4 chart and if you halve your size again then you have 9 lines on the daily chart.

If you have 9 lines on the daily chart and you double your size then you have 9 lines on the H4 chart and if you double your size again then you have 9 lines on the H1 chart.

You have lines, you risk lines, and you make lines.

You don't need to accumulate all of your lines in H1-, you can move up and down the periods.

If you make 20 lines on an H1 chart then you can trade up to 4 pairs with 5 lines of space & you can take certain trades up to higher periods and others to lower periods to be diversified between pairs and periods; that single trade is now a profit making engine.



I got it! Thank you MO!

So now we are playing the Metagame 8)
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Re: The ideas that I trade by:

Postby MightyOne » Wed Jan 18, 2017 5:04 pm

Mira wrote:
I got it! Thank you MO!

So now we are playing the Metagame 8)


If a balloon pops then you have to get another one and if you run out of balloons then the fun is over, it is as simple as that.

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Re: The ideas that I trade by:

Postby Mira » Wed Jan 18, 2017 6:15 pm

MightyOne wrote:
Mira wrote:
I got it! Thank you MO!

So now we are playing the Metagame 8)


If a balloon pops then you have to get another one and if you run out of balloons then the fun is over, it is as simple as that.


I'm lacking in discipline :lol:

IMG_1703.PNG
IMG_1703.PNG (55.84 KiB) Viewed 4105 times


1) SL wasn't at the extreme
2) Shorting a daily Up-momo is a bad idea

IMG_1704.PNG
IMG_1704.PNG (60.39 KiB) Viewed 4105 times


But I'm trying to inflate that balloon :twisted:
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Re: The ideas that I trade by:

Postby Mira » Thu Jan 19, 2017 7:04 pm

Obviously :x
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Re: The ideas that I trade by:

Postby MightyOne » Thu Jan 19, 2017 7:37 pm

Mira wrote:
I'm lacking in discipline :lol:

1) SL wasn't at the extreme
2) Shorting a daily Up-momo is a bad idea

But I'm trying to inflate that balloon :twisted:


I keep saying "don't read old posts, they are just going to confuse you when you read the new posts" but people do it anyway.

A stop at the extreme is not required, but if it were then you would simply change your position size to give yourself more space.

The flaw in trading away from the extremes is that there is only ONE highest high & lowest low in a given period of time.
If price is at the extreme then it is not below something and if it is not lower than something then how can we go short?

We could wait for a smaller chart to move below something but now we are praying that price moves to the opposite end of the bar and starts expanding in the opposite direction; something that is even less likely than an extreme being THE extreme.

Will there be hundreds of pips between the extremes, yes.
If you know the end then all that you have to do is solve the beginning.

If you want to learn how to read a chart then focus on patterns and breakouts.

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Re: The ideas that I trade by:

Postby Mira » Fri Jan 20, 2017 12:17 am

Sorry, I have focused on old posts but you're right.
I stopped immediately.

So i have a better question:
Were you saying the same thing here and I have not seen?

MightyOne wrote:
[...]
Do your best to keep predictions to a minimum; if price is above then it is going up and if it is below then it is going down, that is all there is to it.
Can price expand a range upwards wilst below the middle? Then going long is a prediction!
Price cannot stay at the middle of a range, it must leave it behind, and the distance between two large chart extremes will be very large.

I have seen the future and it is always a monthly candle that is hundreds of pips in length.



Thank you MO :)

MightyOne wrote:
Mira wrote:
I keep saying "don't read old posts, they are just going to confuse you when you read the new posts" but people do it anyway.

A stop at the extreme is not required, but if it were then you would simply change your position size to give yourself more space.

The flaw in trading away from the extremes is that there is only ONE highest high & lowest low in a given period of time.
If price is at the extreme then it is not below something and if it is not lower than something then how can we go short?

We could wait for a smaller chart to move below something but now we are praying that price moves to the opposite end of the bar and starts expanding in the opposite direction; something that is even less likely than an extreme being THE extreme.

Will there be hundreds of pips between the extremes, yes.
If you know the end then all that you have to do is solve the beginning.

If you want to learn how to read a chart then focus on patterns and breakouts.

Patterns_and_Breakouts.png
__________ THE :smt096 IS A LIE__________

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Re: The ideas that I trade by:

Postby salezyakuku » Wed Jan 25, 2017 4:03 pm

I started rewriting Eights to Pine Script. Most problems were solved but many things I have to do.

Right now:
"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 Mira » Wed Jan 25, 2017 6:54 pm

Hi MO, how are you? :D

In these days I'm working on patterns + BOs and lines..
But my problem is I have a very small account (300$) to trade, adding the first 3 entries and keeping the same SL would result in a bigger loss.

If I start with a 0.01 lot size what progression would you suggest?

Thank you much!
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Re: The ideas that I trade by:

Postby MightyOne » Thu Jan 26, 2017 7:26 pm

Mira wrote:Hi MO, how are you? :D

In these days I'm working on patterns + BOs and lines..
But my problem is I have a very small account (300$) to trade, adding the first 3 entries and keeping the same SL would result in a bigger loss.

If I start with a 0.01 lot size what progression would you suggest?

Thank you much!


To trade in the way that I suggest you will need an account that can support 16 lots on the H1 chart:
16: H1
08: H4
04: D1
02: W
01: M

Assuming that 16 lots is $1.60/pip and that the distance between H1 lines is 5.5 pips and that 1 unit is 0.1% of your account per line, you will need about $8800.

If you set aside $25/week for 52 weeks then you will have $1300 + $1200 from Uncle Sam = $2500.
If you look for money then you will find it, most people destroy their lives by spending too much on
food, drink, and services:
Six pack of craft beer: $8
Pint of Jameson's: $16
Coffee and a biscuit: $4
Getting a carryout: $20
---------------------------------
total yearly cost: $17520
I think that most people waste similar amounts of money.

As I try to tell PRO, making 1% on a $10000 account is the same as making 20% on a $500 account.

Why worry about pissing money away in the market when it is something that you do every day?
Get the money where it needs to be and worry about the rest later.

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Re: The ideas that I trade by:

Postby aliassmith » Thu Jan 26, 2017 11:57 pm

MightyOne wrote:
Mira wrote:Hi MO, how are you? :D

In these days I'm working on patterns + BOs and lines..
But my problem is I have a very small account (300$) to trade, adding the first 3 entries and keeping the same SL would result in a bigger loss.

If I start with a 0.01 lot size what progression would you suggest?

Thank you much!


To trade in the way that I suggest you will need an account that can support 16 lots on the H1 chart:
16: H1
08: H4
04: D1
02: W
01: M

Assuming that 16 lots is $1.60/pip and that the distance between H1 lines is 5.5 pips and that 1 unit is 0.1% of your account per line, you will need about $8800.

If you set aside $25/week for 52 weeks then you will have $1300 + $1200 from Uncle Sam = $2500.
If you look for money then you will find it, most people destroy their lives by spending too much on
food, drink, and services:
Six pack of craft beer: $8
Pint of Jameson's: $16
Coffee and a biscuit: $4
Getting a carryout: $20
---------------------------------
total yearly cost: $17520
I think that most people waste similar amounts of money.

As I try to tell PRO, making 1% on a $10000 account is the same as making 20% on a $500 account.

Why worry about pissing money away in the market when it is something that you do every day?
Get the money where it needs to be and worry about the rest later.


When you consider margin reqs and taking losses it is easier to get 1% on $10,000 a day than 20% on $500. At least for me it is.
Trade Your Way as Long as It Makes Money!

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