THE MACRO PIP

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forexbob
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Re: THE MACRO PIP

Postby forexbob » Tue Jul 07, 2015 9:41 pm

prochargedmopar wrote:
MightyOne wrote:
Open web forum for all 5 of us :lol:


Dude, you see how many views your images get???
Couple more than 5 here. hahahahaah


correct :-) +1 :mrgreen:

learned a lot from MO (and others) and happily reading the posts.

but apparently i missed something .... complainers :arrow: ignore mode

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Wed Jul 08, 2015 5:31 am

Just a reminder that a Macro Pip is 10 pips...so $0.50/pip = $5/mp

If you use the same size as you do on small charts then you will probably blow up.

We can reduce from 3 to 2, (3/2), at 2 mp for a BE at 1 mp above the trigger.
We can reduce from 5 to 3, (5/3), at 1.5 mp for a BE at 1 mp above the trigger.

When you are not watching small charts then the very first step is to reduce your size
and lock in a small profit.

After you lock in a profit you can target macro pips as you see fit...
just don't relapse and start calling 4 mp 40 pips; keep your head in the game.

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prochargedmopar
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Re: THE MACRO PIP

Postby prochargedmopar » Wed Jul 08, 2015 8:03 am

MightyOne wrote:Just a reminder that a Macro Pip is 10 pips...so $0.50/pip = $5/mp

If you use the same size as you do on small charts then you will probably blow up.

We can reduce from 3 to 2, (3/2), at 2 mp for a BE at 1 mp above the trigger.
We can reduce from 5 to 3, (5/3), at 1.5 mp for a BE at 1 mp above the trigger.

When you are not watching small charts then the very first step is to reduce your size
and lock in a small profit.

After you lock in a profit you can target macro pips as you see fit...
just don't relapse and start calling 4 mp 40 pips; keep your head in the game.


So scalping for 10 pips with 55 sl is
1 mp and 5.5 sl
And if I want 5-10 MP's I would have to use a 55 mp sl (550 pips)

No wonder I can't make money scalping AJ. hahahahaa
#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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prochargedmopar
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Re: THE MACRO PIP

Postby prochargedmopar » Wed Jul 08, 2015 8:04 am

With a 550 pip sl there is only a couple places one can lose on a multi year chart.
Doh.

N/U the last 2 mo. being one of them.

;)
#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 » Wed Jul 08, 2015 8:13 am

Here is my new and clean chart template:
2ma's
opens
zig/zag pip value
notes

It hurt deleting mo n go bband indy and the knoxville divergence indy.

That there daily bar is looking kinda light colored. :lol:

lightcolored.png
lightcolored.png (39.49 KiB) Viewed 312 times
#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 » Wed Jul 08, 2015 8:31 am

So scalping for 10 pips with 55 sl is
1 mp and 5.5 sl
And if I want 5-10 MP's I would have to use a 55 mp sl (550 pips)

No wonder I can't make money scalping AJ. hahahahaa


Yes, 55 pips is 5.5 MP.

If you reduce your size from 3 to 2 then every 1.5 MP = 1 MP & if you reduce your
size from 2 to 1 then every 3 MP is 1 MP.

So yeah, the idea is to eliminate risk and then catch the larger moves :wink:

If you want 5-10 MP then you need a momentum candle on the daily chart, price to close,
and then you take profit at the extreme.

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Wed Jul 08, 2015 8:41 am

Charts are like women, they know when you're not looking :lol:

gbpusdm5.png
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aliassmith
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Re: THE MACRO PIP

Postby aliassmith » Wed Jul 08, 2015 1:52 pm

MightyOne wrote:
So scalping for 10 pips with 55 sl is
1 mp and 5.5 sl
And if I want 5-10 MP's I would have to use a 55 mp sl (550 pips)

No wonder I can't make money scalping AJ. hahahahaa


Yes, 55 pips is 5.5 MP.

If you reduce your size from 3 to 2 then every 1.5 MP = 1 MP & if you reduce your
size from 2 to 1 then every 3 MP is 1 MP.

So yeah, the idea is to eliminate risk and then catch the larger moves :wink:

If you want 5-10 MP then you need a momentum candle on the daily chart, price to close,
and then you take profit at the extreme.


Comparing a 5m to a daily chart it looks like x10 is about
Right for the multiplier. If you are trading many pairs it could
Be fairly profitable although +0 seems unlikely. Would you
Risk a higher % of your account per trade since its a daily?

On never mind I went back to page one and you answered
The question.
Trade Your Way as Long as It Makes Money!

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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Wed Jul 08, 2015 2:26 pm

prochargedmopar wrote:Here is my new and clean chart template:
2ma's
opens
zig/zag pip value
notes

It hurt deleting mo n go bband indy and the knoxville divergence indy.

That there daily bar is looking kinda light colored. :lol:


I see SQUIGGLYS!!

That's not "clean"... [-X #-o :shock:

THIS IS CLEAN:

nzdusdh1.png
nzdusdh1.png (33.37 KiB) Viewed 250 times



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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Wed Jul 08, 2015 2:30 pm

MO:

You mentioned BUZZARD REVERSALS....

NZDUSDWeekly.png
NZDUSDWeekly.png (44.04 KiB) Viewed 248 times


8)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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