"Hey MO, I've made a couple of notes in green ( and a little in gold) on your pic. Could you tell me if I'm interpreting you correctly?"
He is just moving the position to maximize his potential...(get closer to a price level where he can maximize size)
The ideas that I trade by:
Moderator: moderators
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
- trueblueTEX
- rank: 500+ posts
- Posts: 532
- Joined: Mon Apr 12, 2010 4:38 pm
- Reputation: 2
- Gender:
PebbleTrader wrote:"Hey MO, I've made a couple of notes in green ( and a little in gold) on your pic. Could you tell me if I'm interpreting you correctly?"
He is just moving the position to maximize his potential...(get closer to a price level where he can maximize size)
And if price goes back up above the "moved" position, then you "shed" some lots so that your 00 is re-positioned to its "original" position higher up.
Correct?
"Maximize size" is not maximize space, it means maximize lots, correct?
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
I only drew the fork so that you can visualize when/where/why you might draw a lower band.
The quarter-points are drawn with the TRO_ONETHIRD_DOTS indicator.
Last edited by MightyOne on Mon Mar 25, 2013 4:03 pm, edited 2 times in total.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
"Maximize size" is not maximize space, it means maximize lots, correct? -TEX
Yes, maximize lot size not Space
If you feel the need to reduce your lot size by more than half then you should probably liquidate instead.
You really want to do your best to maintain a large lot size prior to the long(er) term move.
Yes, maximize lot size not Space
If you feel the need to reduce your lot size by more than half then you should probably liquidate instead.
You really want to do your best to maintain a large lot size prior to the long(er) term move.
To anyone still struggling with the space concept
There is three types of space adjustments that you can do:
- Reduce Space:
you have a position of 5lots and add 3lots @ the current price your stop drops from 126.03 to 124.47
- Expand Space:
you have a position of 8lots you liquidate 3lots at the current price now your position shifts up to 125.81
- Accumulate Space or Lots:
here you are flat 8lots at the current price, then you place a limit order of 11lots at 122.06 your position is fixed
Hope that helps.
There is three types of space adjustments that you can do:
- Reduce Space:
you have a position of 5lots and add 3lots @ the current price your stop drops from 126.03 to 124.47
- Expand Space:
you have a position of 8lots you liquidate 3lots at the current price now your position shifts up to 125.81
- Accumulate Space or Lots:
here you are flat 8lots at the current price, then you place a limit order of 11lots at 122.06 your position is fixed
Hope that helps.
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore
The smoothed 4 period MA HL/2 is the best squiggly setting that I have found for strong trends; for slower trends, I just adjust the MA up/down around the points where I would like to see it.
This is really not that different from drawing multiple trend lines...
I want to see the midpoint of the 1 MA stay below the 4 &, ideally, I would also like to see the quarter-points below the 4.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.