The ideas that I trade by:

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trueblueTEX
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Postby trueblueTEX » Tue Jan 29, 2013 7:09 pm

Well....

(not knowing what ICT is)

Hmmmm, how do you answer this....

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MightyOne
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Postby MightyOne » Tue Jan 29, 2013 7:13 pm


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trueblueTEX
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Postby trueblueTEX » Tue Jan 29, 2013 7:14 pm

MightyOne wrote:
Captain Pugwash wrote:Is your 00 Position over a weekly plus extreme old chap?

your ## is where you enter your trade -

my eyes cant read your fib numbers - i must be aging fast


## is your minimum unit size, not necessarily where you enter a trade!

If you are in a trade then ## is the current price so yeah you are forced to enter there.

As price retraces to the 05 unit line then 05 units is technically ## because ## to 00 is your space AFTER you enter and ## then equals 05 units.

MO, wait a minute... your space changes once you enter your initial trade? Even before price makes any movement. I guess your Position doesn't move (it's at the 00 line, no?) but your space expands or contracts as price moves so since bid/ask are different your space changes the moment you enter. But that's just a small change.

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Postby trueblueTEX » Tue Jan 29, 2013 7:15 pm

I would NEVER insult you with a comparison to baby pips!!!!

Whew! glad I didn't commit myself in that last post :-)

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MightyOne
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Postby MightyOne » Tue Jan 29, 2013 7:36 pm

Lets say that you have 100 space at 4 units and you want to buy 6 lots.

Your space is then (4/6) * space or 66.6 pips.

Your space is 33.3 pips or 33.3% smaller than 100 no matter if you enter on ## or the 33.3% RET.

If you enter on the 33% RET then your space matches your lot size.
If you enter on ## then your position must drop 33% from the top.

Since my fib tool is symmetrical, you do not have to do the math; just drop 00 to the 66% ret (33 from the top).

Lets take it further:

6 lots is now ##, you have 66.6 space, and price does not move.

What happens if you purchase 6 more lots?

Your space is then: (6/12) * space or 33.3 pips.
Your space needs to be cut in half and that half must come off the top:

What happens if you double at the 50% ret while in a trade?

1) your Space shrinks to half its size.
2) your space is cut in half after you double.

I am sure you can picture that in your head.

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Postby Captain Pugwash » Tue Jan 29, 2013 7:38 pm

Thanks MO


That's really helped me understand how you use your fib tool

Sorry Blue and MO - I use an alternative notation and fib tool so I really shouldn't have been offering advice on what I plainly didn't understand!


MightyOne wrote:
Captain Pugwash wrote:Is your 00 Position over a weekly plus extreme old chap?

your ## is where you enter your trade -

my eyes cant read your fib numbers - i must be aging fast


## is your minimum unit size, not necessarily where you enter a trade!

If you are in a trade then ## is the current price so yeah you are forced to enter there.

As price retraces to the 05 unit line then 05 units is technically ## because ## to 00 is your space AFTER you enter and ## then equals 05 units.
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby MightyOne » Tue Jan 29, 2013 7:57 pm

Just to make sure that you all really understand this so that we can move on =)

When ## equals a unit size > 4 then each line is:

05: (5/4) or +25% size
06: (6/4) or +50% size
08: (8/4) or +100% size
etc

Space is just an abacus.

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Postby trueblueTEX » Tue Jan 29, 2013 8:06 pm

Ok, I feel like a Neanderthal having the Trinity explained to him by a Jesuit or Relativity explained to him by Einstein. :-)

I am going to draw out what you explained a couple of posts ago and make sure I get it.

When you lay out your fib tool, does it represent the size of your space? For example, is 00 (on the fib tool, top or bottom) represent your Position?

When you enter a trade, do you adjust your fib tool?

You'd think that a database administrator would understand an abicus :lol:

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Postby prochargedmopar » Tue Jan 29, 2013 11:49 pm

[quote="MightyOne"]

It is not a perfect signal but it definitely raises an alarm
(esp if it is a traders performance chart!)

This gave me a good laugh, seen that one a few times!!!!
After a couple I knew exactly what was coming next.
: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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Postby prochargedmopar » Tue Jan 29, 2013 11:54 pm

MightyOne wrote:Who do I look like? ICT?


I don't understand why his personal preference is to "swing" trade the weekly range yet he is taking $5k to 1mil by intraday scalping.
20tp/30sl

http://forums.babypips.com/newbie-islan ... ad-84.html
#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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