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 2912 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 2850 times



8)
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 2848 times


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



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