The ideas that I trade by:

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Dillinger
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Postby Dillinger » Fri Feb 21, 2014 8:37 pm

MightyOne wrote:Some of the more 'ballsy' methods:

Image


I understand using a stop to save your last few pips once you get your lot
size up so you can unfold it back to a larger distance with a smaller lot size
and start over.

But what's the play when price moves close to your position right of the bat before you have had a chance to get your lot size up? seems to happen to me more often then id like :roll:

Is it better to just be willing to lose your initial risk and hope your position weathers the storm if price starts to get close or should you still take a partial stop and try to unfold what's left and start over even though it may not be much?
"So pick up your skirt, grab your balls and let's make some money"

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MightyOne
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Postby MightyOne » Sat Feb 22, 2014 5:22 pm

what's the play when price moves close to your position right of the bat before you have had a chance to get your lot size up?


You don't want to get in the habit of cutting your own throat because you see the butcher coming; have hope, he might just choose another pig!

If you have lost all hope in the trade and you can get out with 10+ pips then you could move the space to a small chart to try and reinflate your risk space.

The smaller the size the more I tend to opt to do nothing where as the larger the size I am more inclined to take action. ;)

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Postby nimo350 » Thu Mar 06, 2014 6:17 am

nt
Last edited by nimo350 on Wed Jun 29, 2016 6:36 am, edited 5 times in total.

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newscalper
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Postby newscalper » Thu Mar 06, 2014 10:47 am

I can't answer for Mo but it should work in any market.

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Postby nimo350 » Thu Mar 06, 2014 12:17 pm

nt
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Postby Dillinger » Thu Mar 06, 2014 5:57 pm

nimo350 wrote:Does anyone use space to accumulate on the smaller TFs on other instruments, like emini futures, or others?

I am asking because its hard to be fully attentive through both the London and NY sessions in order to accumulate on m5 or m15 charts, because being in the pacific time zone sucks for forex.

Have others applied MO's teachings on other instruments with less demanding chart time requirements?


Not sure what your account size is but the only thing with the eminis is the smallest contracts I know of are the dx and the ym at 5 bucks a tick with the other ones more like 10 or 12 bucks a tick. so a minimum of 4 contracts with something like hundred points of space to start puts you at 2,000 dollars risk.

Even if you are accumulating on smaller charts during the main session I think you still need a safe position(multiday) over night. They seem to use the over night electronic session or right before the open to run people.
"So pick up your skirt, grab your balls and let's make some money"

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Postby nimo350 » Thu Mar 06, 2014 11:06 pm

nt
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MightyOne
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Postby MightyOne » Fri Mar 07, 2014 1:48 am

Personally, I prefer options and spreads when trading Futures.

Take the space gained from the option, buy the outright, cut space to below an extreme, & leg into a spread where needed.

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Postby nimo350 » Fri Mar 07, 2014 4:30 am

nt
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Postby xXx » Mon Jun 09, 2014 6:16 pm

This thread cannot be forgotten 8)
Added various quotes of MO in PDF and docx format (over 100 pages with charts).
Download 4 parts and unpack with winrar as kreslik limits size of attachment to 256kb
Attachments
The ideas that I trade by & Space Wars.part1.rar
(254 KiB) Downloaded 115 times
The ideas that I trade by & Space Wars.part2.rar
(254 KiB) Downloaded 91 times
The ideas that I trade by & Space Wars.part3.rar
(254 KiB) Downloaded 93 times
The ideas that I trade by & Space Wars.part4.rar
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Last edited by xXx on Mon Jun 09, 2014 6:30 pm, edited 1 time in total.

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