The ideas that I trade by:

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dojirock
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Postby dojirock » Mon Nov 26, 2012 8:17 pm

aldomcfaldo wrote:A video for everyone!

http://www.youtube.com/watch?feature=pl ... q-FOOQ1TpE


Excellent video. Sure is the truth!

thanks for sharing

doji
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Postby bettlebox » Mon Nov 26, 2012 9:06 pm

AHHHH that make sense now, "(price retraces to large lot sizes, you enter, oh wait...40% rule is broken)" as i was working through examples i was trying to get them to fit and was having exactly that problem.

excellent.

Ok

"A partial stop when increasing size on a BO" <--the "BO" ....breakout of fibmod tool?

Or put anotherway, increase the stop using some(partial) of the profits gained on the BO move?

Thank you MO, this really clearing things up.



MightyOne wrote:
bettlebox wrote:Thanks MO This is very helpful. I appreciate it.

2 loose ends "pin cushion & 40% Max rule"

does pin cushion related to "00" levels or adjusted lot size space(step 2)?

and same question for 40%

does the 40% max line relate to "00" levels or adjusted lot size space(step 2)?

BB



Two different systems.

IF/THEN & the 40% rule were used when space was traded with the rectangle tool.

All entries were taken from what is now the 04 line:

These ideas are just not compatible with the fib tool (price retraces to large lot sizes, you enter, oh wait...40% rule is broken)


Now we use:

A stop at 00

A partial stop when increasing size on a BO

& partial TP while accumulating:

6/9, 9/7, 7/10, 10/8, etc
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MightyOne
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Postby MightyOne » Mon Nov 26, 2012 9:15 pm

I probably could have worded it better :)

When you increase your lot size such that your position is weakened (it starts to trail) then use a partial stop; but do not liquidate so much that you are not accumulating:

6/9

9/7 <-- 7 is greater than 6 so you are accumulating.

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Jalarupa
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Postby Jalarupa » Tue Nov 27, 2012 4:07 am

Image

So for me to trade this "top"... Price has to behave in this manner...

This will keep me selling at a lower high on the daily / weekly and I can always decrease my lot size to position my stop at the weekly high at 1.3083

this would be lower risk...

or I could just take the trade now at 1.2983 and have 100 pips till 1.3083... but I would be calling a top without any downward momentum validating my position...

Just some thoughts...

[edit] I suppose I "should" take this trade as well...

Image
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bettlebox
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Postby bettlebox » Tue Nov 27, 2012 5:38 pm

Thank You MO :) that makes perfect sense.
6/9
9/7 <-- 7 is greater than 6 so you are accumulating

Know have framework to hang all the details off it will make alot more sense now.

MightyOne wrote:I probably could have worded it better :)

When you increase your lot size such that your position is weakened (it starts to trail) then use a partial stop; but do not liquidate so much that you are not accumulating:

6/9

9/7 <-- 7 is greater than 6 so you are accumulating.
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Jalarupa
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Postby Jalarupa » Wed Nov 28, 2012 1:24 pm

Image

Arrr we be trading...
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>>
<<Bitcoin Trading>>

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Jalarupa
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Postby Jalarupa » Wed Nov 28, 2012 1:40 pm

Image

Thanks MO for making it this awesome! :P
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>>
<<Bitcoin Trading>>

arkan1976
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Postby arkan1976 » Thu Nov 29, 2012 2:07 pm

new attempt :roll:

Image

arkan1976
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Postby arkan1976 » Thu Nov 29, 2012 3:00 pm

close - 10 pips

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Postby arkan1976 » Thu Nov 29, 2012 3:14 pm

short again :?

Image

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