The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Fri Apr 05, 2013 5:30 pm

MO how would you interpret GU at the MOment? :)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Fri Apr 05, 2013 6:56 pm

One more thing: How many hours a week do you spend managing the space?

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Sat Apr 06, 2013 4:58 am

MO how would you interpret GU at the MOment?


I'm not a signal service ;)

One more thing: How many hours a week do you spend managing the space?


I will spend up to 14 hours a day managing trades...
by that I mean: watching TV, reading a book, searching Google, drinking rum, and occasionally looking up at the chart.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Sat Apr 06, 2013 4:29 pm

MightyOne wrote:
newscalper wrote:MO - is this in any way close to what you're saying? (I know fib tool isn't configured, just put it there for illustration)

Image

Image

I guess the pinbar people would have gotten in where I pointed it out, still would have made some coin

Thanks


With large charts we only care about:

a) the initial placement of 00
b) the potential for price to move hundreds of pips from one extreme or the other (or even a full blown long term trend)
c) the movement of 00 (trailing stop of sorts) from increasing our position size.

The entry itself does not matter to us...
all we want to know is if we can afford the 00 (stop) of a large chart.


thanks

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Tue Apr 09, 2013 8:00 am

MO at the moment I am in this trade with a traditional SL.

Looking at the chart below (RENKO 20 pips) from the SPACE point of view where would you position yourself?
Would that be at yellow line no 1 or no2?
Or maybe somewhere else?



Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Apr 09, 2013 8:04 am

xXx wrote:MO at the moment I am in this trade with a traditional SL.

Looking at the chart below (RENKO 20 pips) from the SPACE point of view where would you position yourself?
Would that be at yellow line no 1 or no2?
Or maybe somewhere else?



Image


Position 1:

It is always better to have your stop at a pointy place & beyond any range.

Personally, I use D3 & D9 extremes for 00 :wink:

User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Tue Apr 09, 2013 8:08 am

Thanks :)
Where would you add lots to a position 1?

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Apr 09, 2013 8:10 am

xXx wrote:Thanks :)
Where would you add lots to a position 1?


The question is not where you would add but where you are willing to place 00.

Adding raises 00 closer to the current price.

Liquidating and increasing your size at a ret. leaves 00 where it is.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5247
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Tue Apr 09, 2013 8:12 am


User avatar
xXx
rank: 50+ posts
rank: 50+ posts
Posts: 112
Joined: Sat Feb 12, 2011 10:30 am
Reputation: 0
Location: London
Gender: Male

Postby xXx » Tue Apr 09, 2013 8:22 am

Thanks.
Now just apply it :smt027 :)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”