THE MACRO PIP

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 4:38 pm

prochargedmopar wrote:When today closes above something we will have a double failure to CLOSE lower.

Time to scalp for some pips.

Small chart value out of the daily wick zone:


Given the absence of a lower wick on the previous candle and the long lower shadow of the current illusion,
I think that it is good to draw the line where you see price now in the attached pic.

I think that you can see why you don't want to see these patterns while you are short.

The wickdolls ('wick in the direction of loss') love to reverse price.

NZDUSDDaily.png
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prochargedmopar
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Re: THE MACRO PIP

Postby prochargedmopar » Tue Jul 07, 2015 4:47 pm

I reduced risk to 1/2 on buy entry @b/e.
I will NEVER add to a trade showing a loss.

Even if I never become a wildly profitable trader with this one decision I have extended my trading career well beyond death.
By trading macro pip lot values (10x smaller) I will now be able to trade for 2 lifetimes at least.
:mrgreen:

This is what I'm looking for on future Daily charts.

This.png
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#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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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 4:54 pm

This the chart indicator that gives you a gapless chart.

Set your chart to a line chart then right click on some empty space, select 'properties', & set your line graph color to 'none'.
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prochargedmopar
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Re: THE MACRO PIP

Postby prochargedmopar » Tue Jul 07, 2015 5:26 pm

MightyOne wrote:This the chart indicator that gives you a gapless chart.

Set your chart to a line chart then right click on some empty space, select 'properties', & set your line graph color to 'none'.



I'm not sure the relevance as it appears the same outcome/analysis would apply. ?!?
What am I missing?


GAp.png
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Gapno.png
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#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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Re: THE MACRO PIP

Postby prochargedmopar » Tue Jul 07, 2015 5:32 pm

It looks a lot nicer zoomed out a few clicks as the candles actually look "real".
LOL

If you say to use this for macro pippin, later tonight I'll change over all my charts.

nicercandles.png
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#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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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 6:14 pm

...Even if I never become a wildly profitable trader...


This, this right here, stop it [-X :lol:

I have always wanted to just trade the underlying chart, but I had to resort to options with long durations to make any money.

It took me 4 years to add a zero & then I made a move too early and converted my options into twice the number of outrights.
A massive sharp retracement brought my account back to around my initial balance & I had no choice but to liquidate and buy 2 OTM calls.
When you are getting punched in the face but you know that your original analysis is still valid then you need to do whatever it takes to hang on.
Volatility increased to crazy levels and one week later I was back up to +0.

After that I wondered how such a thing could be done with contracts as I would have surely failed without the options...
It has taken me until recently, some 12 years, to figure such a thing out & the key is the idea of 'space' with minimum initial size.

People don't realize how powerful simple ideas are & how long it has taken others to arrive at them; they read one quote and in the blink of an eye they gain a man's whole life experience :shock:

The idea of the 'macro pip' is another such idea. Does it matter whether you call something 40 pips or 4 macro pips?

Mentally it makes a big difference; where before you were up 40 pips wondering what you should do, you now draw
on your small chart experience, which by sheer speed should be vast, to contemplate what you would do at +4 pips.

Don't focus on results, focus on perfecting ideas and you will grow in the direction of profitability.
Last edited by MightyOne on Tue Jul 07, 2015 6:41 pm, edited 1 time in total.

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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 6:31 pm

It looks a lot nicer zoomed out a few clicks as the candles actually look "real".
LOL

If you say to use this for macro pippin, later tonight I'll change over all my charts.


It is just a personal preference.

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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 6:44 pm

Alright, i have to read these weight loss ebooks PRO sent me as avoiding a bra is more important than charts atm :D

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Re: THE MACRO PIP

Postby prochargedmopar » Tue Jul 07, 2015 6:53 pm

MightyOne wrote:Alright, i have to read these weight loss ebooks PRO sent me as avoiding a bra is more important than charts atm :D



Bahahah! LMAO.
Yeah. Man boobs not too sightly.

I know a person can get hot chicks with lots of $$.
True.
But having a hot chick ride it like a cowboy riding a bull WITH a HOT pussy is much more fun. :twisted:

#sheactuallylikesit #cantholdherback
#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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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Tue Jul 07, 2015 7:05 pm

prochargedmopar wrote:
MightyOne wrote:Alright, i have to read these weight loss ebooks PRO sent me as avoiding a bra is more important than charts atm :D



Bahahah! LMAO.
Yeah. Man boobs not too sightly.

I know a person can get hot chicks with lots of $$.
True.
But having a hot chick ride it like a cowboy riding a bull WITH a HOT pussy is much more fun. :twisted:

#sheactuallylikesit #cantholdherback


& then there were 7 rooms... :lol:

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