The ideas that I trade by:

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Jalarupa
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Postby Jalarupa » Fri Jun 20, 2014 8:55 am

MightyOne wrote:
Jalarupa wrote:Thanks MO...

I must say it takes serious courage to enter 50:1 into FED speak...

Or even hold 50:1 into FED Speak for that matter...

Bravo


R/R, not leverage :lol:


So part of your mentality (correct me if I am wrong) is to trade risk like you are going to be holding a call option to maturity win or lose...?
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MightyOne
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Postby MightyOne » Fri Jun 20, 2014 5:21 pm

You never would hold an option to maturity; you either roll it out or trade it for the underlying prior to expiration (or do more complicated things).

If you start with 2 units and 15 space & manage to increase to 18 units, before losing everything but 5 pips, then you still make 2:1 on your money.
You can also reduce your space by 1.7 pips, after increasing to 18 units, to bring your risk to zero; the higher you get your lot size the easier it is to eliminate risk.

My mentality is simply this:
1) Trade a long term extreme
2) increase size
3) increase size
4) strengthen position (assuming adding has brought the position off of the extreme and closer to the current price).

Remember: you don't make money without size but you also don't make money with a weak position; you must keep rocking back and forth between size and strength.

Remember: you are simply trading and trailing stops on larger charts, any other thought is secondary.

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xXx
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Postby xXx » Fri Jun 20, 2014 6:46 pm

Thanks MO 8)


aliassmith
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Postby aliassmith » Sat Jun 21, 2014 1:12 am

MightyOne wrote:Remember that all we are doing is trading stops & that when we "add" we are trailing our stop (I call it position) along the extremes of a large chart.

Let the small charts inspire you to do creative things with space to improve your position but do not lose sight of the big picture.

Image


Hey MO, I've read a few thousand of your post, but can't recall if you
Explained what "time travel" is. Could you do that?
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MightyOne
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Postby MightyOne » Sat Jun 21, 2014 1:46 am

"time travel" is just a cute name for a position resting at a BO point.

I now call it the "BOx" (x at BO)

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Postby aliassmith » Sun Jun 22, 2014 12:50 am

MightyOne wrote:"time travel" is just a cute name for a position resting at a BO point.

I now call it the "BOx" (x at BO)


I see, thx
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Libertarian
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Postby Libertarian » Tue Jun 24, 2014 4:49 am

Anyone else feel a bit excited?

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Postby Rangoban » Tue Jun 24, 2014 11:46 am

About what exactly? :-)

Yeah sometimes I feel very excited, but then reality punches me in the face. :-D

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Postby xXx » Tue Jun 24, 2014 12:15 pm

What would you do if price closed above something?
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Jalarupa
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Postby Jalarupa » Tue Jun 24, 2014 12:51 pm

xXx wrote:What would you do if price closed above something?


Remember always look left and on higher time frames... from the level you are looking to trade off of...

Look for MOMO away from Extremes and trade in the direction of that MOMO away from the Extreme...

Trades from today

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"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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