The ideas that I trade by:

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pablo101
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Re: The ideas that I trade by:

Postby pablo101 » Tue Aug 18, 2020 8:09 am

Phew, finally caught up with this thread.

Bummer MO and the crew is far gone, many have disspeared and I have only seen Alias here.

I left a long time ago and opened a business, now I have time getting back into trading.

So can I ask the general gist of the MO's Eights method?

(1) Is it another form of money management using the full force of leverage of your account to max profits?

(2) Is it trading a monthly momo bar (or I have seen weekly) zeroing profit held?

(3) If zeroing profit, we are targeting the mid point of the monthly momo?

(4) Our best price entry top wick and low wick of the monthly?

(5) There are eight lines are we either sell/buy at the lines increasing decreasing risk from the box at the top or bottom, right?

(6) The risk is spread over 8 lines? eg, risking 100 bucks over 8 lines?

I am not concerned with the entry, I get that everything is just 123 anyway and I am trading that way now thanks to Dchappy.

What I am weak at is the MM side of this. I understood an example like what Pjort did:

https://www.kreslik.com/forums/post110033?hilit=i%20assume%20this%20is%20on#p110033

Hello MO and co,,,

If I was thinking about your system in a super simplyfied way... could I say it this way:

I hold a 100 euro LONG position on let say EURJPY at price 1320-
Then price go 40 pip down to 1300 - I reduce my position 20% to 80 euro
Then price go 40 pip down to 1260 - I reduce my position 20% to 64 euro
Then price go 40 pip down to 1220 - I reduce my position 20% to 40 euro
Then price go 40 pip down to 1180 - I reduce my position 20% to 32 euro
Then price go 40 pip down to 1140 - I reduce my position 20% to 26 euro
And so on....

If price then goes my way "the LONG way"... I put on money on the table again!!?
Like this:
The price go up 40 pip up to 1180 - I expand my position 25 % to 32 euro
The price go up 40 pip up to 1220 - I expand my position 25 % to 40 euro
The price go up 40 pip up to 1260 - I expand my position 25 % to 64 euro
The price go up 40 pip up to 1300 - I expand my position 25 % to 80 euro

Wupti I am back again in business and have the same position as I started uout with, hopefully no loss... (maybee som slippage and spread cost...)

How far from your idear about Lines is this??


Any trading eights here still?
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Re: The ideas that I trade by:

Postby Mira » Fri Aug 28, 2020 4:51 pm

pablo101 wrote:Phew, finally caught up with this thread.

Bummer MO and the crew is far gone, many have disspeared and I have only seen Alias here.

I left a long time ago and opened a business, now I have time getting back into trading.

So can I ask the general gist of the MO's Eights method?

(1) Is it another form of money management using the full force of leverage of your account to max profits?

(2) Is it trading a monthly momo bar (or I have seen weekly) zeroing profit held?

(3) If zeroing profit, we are targeting the mid point of the monthly momo?

(4) Our best price entry top wick and low wick of the monthly?

(5) There are eight lines are we either sell/buy at the lines increasing decreasing risk from the box at the top or bottom, right?

(6) The risk is spread over 8 lines? eg, risking 100 bucks over 8 lines?

I am not concerned with the entry, I get that everything is just 123 anyway and I am trading that way now thanks to Dchappy.

What I am weak at is the MM side of this. I understood an example like what Pjort did:

https://www.kreslik.com/forums/post110033?hilit=i%20assume%20this%20is%20on#p110033

Hello MO and co,,,

If I was thinking about your system in a super simplyfied way... could I say it this way:

I hold a 100 euro LONG position on let say EURJPY at price 1320-
Then price go 40 pip down to 1300 - I reduce my position 20% to 80 euro
Then price go 40 pip down to 1260 - I reduce my position 20% to 64 euro
Then price go 40 pip down to 1220 - I reduce my position 20% to 40 euro
Then price go 40 pip down to 1180 - I reduce my position 20% to 32 euro
Then price go 40 pip down to 1140 - I reduce my position 20% to 26 euro
And so on....

If price then goes my way "the LONG way"... I put on money on the table again!!?
Like this:
The price go up 40 pip up to 1180 - I expand my position 25 % to 32 euro
The price go up 40 pip up to 1220 - I expand my position 25 % to 40 euro
The price go up 40 pip up to 1260 - I expand my position 25 % to 64 euro
The price go up 40 pip up to 1300 - I expand my position 25 % to 80 euro

Wupti I am back again in business and have the same position as I started uout with, hopefully no loss... (maybee som slippage and spread cost...)

How far from your idear about Lines is this??


Any trading eights here still?


:smt041

Here I am :lol:
I’m using Eights/Space as money management and I’d never go back.

However I’m not using the indicator offered by MO but the same identical concept with lines drawn by me on the chart.
__________ THE :smt096 IS A LIE__________

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Re: The ideas that I trade by:

Postby Deliman » Wed Sep 16, 2020 11:29 pm

No one number is truly random. I presume that this is really a question of generating random sequences by an algorithm.
I doubt that you could define ""truly random"" in a satisfactory way that allowed generation of truly random sequences.
One way of defining truly random sequences is by means of information theory. To be truly random, the information should increase as you add more numbers to the end of the sequence, and so an infinite truly random sequence would have infinite information.
You could measure the information in a finite sequence by the length of the shortest algorithm to generate it.
Since an algorithm is finite, the information in the sequence it generates is finite. Therefore, no algorithm can generate a random sequence.
You can read more about how algorithms can be used in real life though coding apps here https://www.ilounge.com/articles/the-best-tips-for-mobile-app-development

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Re:

Postby emmawilli » Sat Nov 07, 2020 7:11 am

MightyOne wrote:There is a huge sale over at udemy right now, I picked up HTML5+CSS3 and DART for $15 each.

I think that the purchase is a no brainer.

Great Thank for sharing

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Re: The ideas that I trade by:

Postby Mark Mark » Mon Mar 15, 2021 8:52 pm

I want to thank TheRumpledOne for its methods. Only after studying his approaches to the market, I learned how to trade well and stopped losing money on Forex.
I am living on this forum :smt024
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Re: The Son of Man?

Postby prochargedmopar » Wed Dec 29, 2021 6:53 am

MightyOne wrote:I was outside today looking for the eclipse when...

there was something like unto a burning torso in the sky:
Screenshot_20170821-192043.png

Then there appeared a lamb below a cross which appeared to be within the sun but it shined with a more blinding brightness.

Screenshot_20170821-150325.png

So, yeah, that was my day. lol.


Now I know why he stopped posting,
Dude was losing it. LOL :shock:
#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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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Dec 30, 2021 12:52 am

MightyOne wrote:
co2t wrote:...
a lot has change it seems, MO can you give me a link to current idea where i can start?
...


It is very different to how you remember it.

The most important part is understanding how to use a risk-box:

A 'risk-box' is the total amount of money that is set aside to reach a profit target & it is divided into 8 parts called 'lines': if your total risk is $80 then each line is $10 no matter how wide that line is.

The width of a line is a multiple of 0.4(HATR) and each line size is assigned a time-frame to make it easier to visualize when and how they are used.

If you see bars spread out over 4 lines, as you do in the attached picture, then you cannot use that line size: if you are in a trade and bars spread out over 4 lines then you can simply reduce your size by 50% and place one of the lines on your last transaction price.

It is vitally important that you can see your money on a chart because you are always thinking about what you have and how best to utilize it.

The default risk level is 2 lines but there are a number of more aggressive entry strategies that we'll get to later.

Lines are recorded to 3 decimal places so if you make $47.53 and your line value is $12 then you've made 3.960 lines (that will come to $47.52 and that's ok).
A risk-box can only contain 8 lines so the 3.960 lines of profit must be spread across those 8 lines: $12(11.960/8) = 8 lines of $17.94 or 8(17.94/17) = 8.442 lines of $17.
It is common practice to restore 1 line after losing a trade:
8.442 lines of $17, you lose $30 or 1.765 lines, 8.442 - 1.765 = 6.677, $17(6.677/7.677) = 7.677 lines of $14.78 or 8.107 lines of $14.

As the lines of your risk-box dwindle you can reduce the size of your risk-box to promote growth so instead of 8.107 lines of $14 you could have
$14(8.107/7) or 7.093 lines of $16 with additional lines increasing your size by 8/7

If your eyes have glazed over then now is the time to go trade HOLO or whatever else; without mastery over the risk-box you can't make use of anything that I show you.

    The_Basics.png


So trading H1 chart in this market uses 5.x pips per line with a 40 pip total risk box. (8 lines).
Entering on the m5 chart seems almost impossible to BLOW up the entire "Box".

See how big a LINE looks on m5?

MO9.JPG
MO9.JPG (142.19 KiB) Viewed 794 times
#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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Re: The ideas that I trade by:

Postby prochargedmopar » Thu Dec 30, 2021 6:25 pm

MightyOne wrote:
co2t wrote:... i guess if you want to be ballsy then you can stack 1 line? like you mentioned before, but of course stacking only after we have 8+ lines is much better/safer i guess??


Most of the time you should target 2 or 3 lines; 2.5 being 100% of the H1 average true range.

Stack all of your lines: if you have 8 in the box and you make 1 then your total is 9 so your size is then increased to x(9/8)

Stacking is worth more than holding:
If you could grab 3.5 lines every trade then your line value would double every two trades ($10, 20, 40, 80, ...) and that would be worth more than holding for many lines; both of the aggressive strategies target 3.5 lines of profit.

Stacking a line one at a time is a very slow way to do it.


I Can, I Am.
I'm doing it right now. :shock:
#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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Re: The ideas that I trade by:

Postby IgazI » Thu Dec 30, 2021 7:30 pm

This is basically it, there is no reason to read the whole thread:

1. use something to generate an idea.

2. create a rectangle to trade the idea;
maybe a change in price of 1 to 1.25%

3. keep a record of your gains/losses in lines.

Risk a line, 1 line, to make lines.

4. if you're not stacking then you're doing it wrong.
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Re: The ideas that I trade by:

Postby TheRumpledOne » Thu Dec 30, 2021 7:39 pm

I don't recall what HATR is.
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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