THE MACRO PIP

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TheRumpledOne
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Re: THE MACRO PIP

Postby TheRumpledOne » Fri Jul 03, 2015 6:07 pm

MightyOne wrote:
You do NOT trade chart periods (D1)... you trade PRICE!!

PRICE IS THE SAME ON ALL CHARTS!!


You trade price over time; if this were not so then wouldn't you be using a renko chart or something similar?

An open/close is just a random price and a chosen time.

Candle color? One mans green is another mans red!

"A green candle closes, a red candle closes..." <--- if we just trade 'price' then what is this!

price IS the same on all charts, but we don't JUST trade price.


The difference between your entry price and exit price is what determines profit/loss. We trade price.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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MightyOne
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Re: THE MACRO PIP

Postby MightyOne » Fri Jul 03, 2015 6:29 pm

TheRumpledOne wrote:
MightyOne wrote:
You do NOT trade chart periods (D1)... you trade PRICE!!

PRICE IS THE SAME ON ALL CHARTS!!


You trade price over time; if this were not so then wouldn't you be using a renko chart or something similar?

An open/close is just a random price and a chosen time.

Candle color? One mans green is another mans red!

"A green candle closes, a red candle closes..." <--- if we just trade 'price' then what is this!

price IS the same on all charts, but we don't JUST trade price.


The difference between your entry price and exit price is what determines profit/loss. We trade price.


True, but that doesn't tell me how to trade price.

If the open is a random price & 10 pips from a random price is a random price then trading is momentum and money management.
How is momentum measured outside of time? We come full circle.

Anyways, we should start a different thread for these kinds of discussions...

Feel free to post replies in the 'ideas' thread

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Re: THE MACRO PIP

Postby prochargedmopar » Sat Jul 04, 2015 6:05 am

Hmmmmmm, just found this thread.
Macro pip philosophy gives us time.
Macro pip philosophy keeps our initial risk lower.
Macro pip philosophy allows for explosive expansion of profits when our lot size has been maximized.
#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 Joe Pipette » Sat Jul 04, 2015 4:03 pm

Very interested in the conclusion of this thread
I made my money on welfare.
I only draw lines on old charts and pontificate on forums as a hobby.
Praise Allah.
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Re: THE MACRO PIP

Postby MightyOne » Sat Jul 04, 2015 4:11 pm

Joe Pipette wrote:Very interested in the conclusion of this thread


Keep watching.

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Re: THE MACRO PIP

Postby volnmar » Sun Jul 05, 2015 12:03 am

Hello MO can you share how to make money on that futures options?

Keep reading all your posts, thank you for that.
Just learning

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Re: THE MACRO PIP

Postby aliassmith » Sun Jul 05, 2015 12:25 am

volnmar wrote:Hello MO can you share how to make money on that futures options?

Keep reading all your posts, thank you for that.


This is a Macro Pip thread, not options. Also MO
said options are his bread and butter and he is
not sharing.

He did however give some ideas if you use the
search function.
https://www.kreslik.com/forums/therumpl ... it=options
Trade Your Way as Long as It Makes Money!

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Re: THE MACRO PIP

Postby Joe Pipette » Sun Jul 05, 2015 2:50 pm

MightyOne wrote:I am now going to show you how I scalp large charts, but please set your space balls aside, if you had any to begin with :lol:,
and just follow the rules until you have made enough money to do things your way.

This is a trade with an 8 mp stop. Some pairs I will use 6 & other pairs I might get away with 4.

gbpusddaily.png

To which bars do you refer?
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Re: THE MACRO PIP

Postby MightyOne » Sun Jul 05, 2015 3:29 pm

volnmar wrote:Hello MO can you share how to make money on that futures options?

Keep reading all your posts, thank you for that.


All of the option combinations are readily available, for free, online.

& I'm sure that it is more desirable to go through that information in one place
than by reading through hundreds of posts.

There are only 2 major things to keep in mind when you trade vanilla:
#1 the price that you pay for the option
#2 the time until expiration

If you were to draw your space from an extreme then the strike price would be the end of that space.
When price is within space then you buy a call or a put.
If your trade is successful then you sell your call or put and receive space with which to trade the outright.
From there it is the same as Space Wars.

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Re: THE MACRO PIP

Postby volnmar » Sun Jul 05, 2015 3:31 pm

MightyOne wrote:I am now going to show you how I scalp large charts, but please set your space balls aside, if you had any to begin with :lol:,
and just follow the rules until you have made enough money to do things your way.

This is a trade with an 8 mp stop. Some pairs I will use 6 & other pairs I might get away with 4.

gbpusddaily.png



First Picture:

Why is the SPACE where it is? Could it be drawn sooner? from your definition: "previous candle was red" it could be drawn on three red bars sooner, all of them also had red bar before....

/Only difference what I see here is that second black bar´s high was higher than previous red bar´s high but not closed above that high/

Please tell me like to a five years old child, where exactly should I draw that SPACE.

From your picture.:
We are on second black bar, previous bar was red.......OK..... now you draw space 8MP from extreme, this will be your SL no matter if price closes above.... in this moment red bar is forming, still not closed.... in this time I have to enter on some price in space....

Please clarify
Just learning

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