The ideas that I trade by:

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trueblueTEX
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Postby trueblueTEX » Wed Jan 30, 2013 3:53 am

Damn, there's a lot of negativity over at the baby pips place! :evil:

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MightyOne
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Postby MightyOne » Wed Jan 30, 2013 4:02 am

They are a surly group aren't they ;)

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Postby trueblueTEX » Wed Jan 30, 2013 4:06 am

Reminds me of wild dogs at feeding time!

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trueblueTEX
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Postby trueblueTEX » Wed Jan 30, 2013 4:07 am

btw: I wasn't thinking of video as high production as ICT's (1:40 introduction???) I was thinking more like TRO with a marker and a white board. Just with a box and not a line :-)

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MightyOne
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Postby MightyOne » Wed Jan 30, 2013 5:08 am

trueblueTEX wrote: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:


It's more like daddy trying to explain that a cylindrical object goes into a round hole ;)

Yes 00 is always your Position/stop loss.

The space between 00 and ## is equal to your total risk:

Say that I have $1000 and I want to risk 10%.

$100 / 0.4 is 250 pips
If the pip value is 20% larger then
(1/1.2) * 250 = 208.3p <--- that is your Space

If it is critical that you must have at least 250p for a long term trade
then you could (4/3) * 208 for 277.7ish space (## = 03)

You should be trading a large chart...
you should be trading a large chart =)
So take it easy on the hourly- and trade maybe 4 to 6 and possibly 8 units initially and then aim for 50% increases when and where you can.

No, I don't sit there adjusting my fibo tool up/down after entry.
If I plan to increase my size on a limit or stop (or OCO) then I know exactly where ## will be and I need only leave it at that price.

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MightyOne
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Postby MightyOne » Wed Jan 30, 2013 5:09 am

trueblueTEX wrote:btw: I wasn't thinking of video as high production as ICT's (1:40 introduction???) I was thinking more like TRO with a marker and a white board. Just with a box and not a line :-)


"Hello fellow traders, tis I the MightyOne..."

Nope, just doesn't work for me like it works for TRO ;)

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Postby trueblueTEX » Wed Jan 30, 2013 6:54 am

ROFLMAO!!!!!

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Postby prochargedmopar » Wed Jan 30, 2013 1:25 pm

MightyOne wrote:
trueblueTEX wrote:btw: I wasn't thinking of video as high production as ICT's (1:40 introduction???) I was thinking more like TRO with a marker and a white board. Just with a box and not a line :-)


"Hello fellow traders, tis I the MightyOne..."

Nope, just doesn't work for me like it works for TRO ;)


Stage fright?

Personally I dont see what the big deal is about "space".
If your winning add to the bitch(sanely) and if your losing reduce the risk until you get to a better price to start ADDING again.

If your not a friggin' "trader", none of this works.
If you are a friggin "trader" all of it works.

A good "trader" can even do it the hard way with REVERSE space like ICT and Chris lori do...........and most ALL the other educators on the planet.


But first things first.
You must be able to wait for the "edge" of the chart.
Then hold onto your nuts long enough to get at least 1/2 way to the other "edge" of the chart.

Very simple, but not EASY For most. ala TRO
Last edited by prochargedmopar on Wed Jan 30, 2013 1:30 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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Postby prochargedmopar » Wed Jan 30, 2013 1:28 pm

prochargedmopar wrote:
MightyOne wrote:
trueblueTEX wrote:btw: I wasn't thinking of video as high production as ICT's (1:40 introduction???) I was thinking more like TRO with a marker and a white board. Just with a box and not a line :-)


"Hello fellow traders, tis I the MightyOne..."

Nope, just doesn't work for me like it works for TRO ;)


Stage fright?

Personally I dont see what the big deal is about "space".
If your winning add to the bitch(sanely) and if your losing reduce the risk until you get to a better price to start ADDING again.

If your not a friggin' "trader", none of this works.
If you are a friggin "trader" all of it works.

You can even do it the hard way with REVERSE space like ICT and Chris lori do...........and most ALL the other educators on the planet.


But first things first.
You must be able to wait for the "edge" of the chart.
Then hold onto your nuts long enough to get at least 1/2 way to the other "edge" of the chart.

Very simple, but not EASY For most. ala TRO


And when I say "edge" of your chart, I'm not talking about an m1 or m5.

The only way up, is UP. ala M.O.
#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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PebbleTrader
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Postby PebbleTrader » Wed Jan 30, 2013 4:10 pm

"Hello fellow traders, tis I the MightyOne..."

"It's more like daddy trying to explain that a cylindrical object goes into a round hole"

:)

You have way more patience than I have...I got a little puppy over Xmas and it's teaching me to be more patient when teaching simple concepts :)
Life is just a journey

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