Three Charts

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jrtrading
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Re: Three Charts

Postby jrtrading » Sun Mar 20, 2016 12:05 am

v8power wrote:Then i was wrong in my post and I apologize


You are entitled to your opinion, just as I am.

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jrtrading
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Re: Three Charts

Postby jrtrading » Mon Mar 21, 2016 12:40 am

Drew this a long time ago, coincidence or not.

EURUSD.png

jrtrading
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Re: Three Charts

Postby jrtrading » Mon Mar 21, 2016 3:43 pm

CVX.png

SPX.png

jrtrading
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Re: Three Charts

Postby jrtrading » Tue Mar 22, 2016 10:44 am

SPX.png

jrtrading
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Re: Three Charts

Postby jrtrading » Tue Mar 22, 2016 2:00 pm

Things looked pretty weak, and now this happens :(

Edit: Added a new chart, let's see if the cone will hold.

spx2.png

spx3.png

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MightyOne
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Re: Three Charts

Postby MightyOne » Tue Mar 22, 2016 4:07 pm

Try and keep your angles at 15 degrees by scale fixing your chart & make sure that price is touching the top/bottom 10% of the chart at the time you first draw your angles; you can compress a chart horizontally as much as you want, but vertical compression will remove the magic.

for_jrtrading.png
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jrtrading
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Re: Three Charts

Postby jrtrading » Tue Mar 22, 2016 7:23 pm

SPX.png

CVX.png

jrtrading
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Re: Three Charts

Postby jrtrading » Tue Mar 22, 2016 11:40 pm

Practicing

-$40 max stop in all cases

$8 per 1 macro pips x 5 (5 micro pip stop loss, n lots)

$8 per 2 macro pips x 5 (10 micro pip stop loss, n/2 lots)

$8 per 4 macro pips x 5 (20 micro pip stop loss, n/4 lots)

$8 per 8 macro pips x 5 (40 micro pip stop loss, n/8 lots)

$8 per 16 macro pips x 5 (80 micro pip stop loss, n/16 lots)


Make 1 macro trading fours is 20 pips or +$40
Make 1 macro trading eight is 40 pips or +$40

Make 6 macros trading fours is +$240
Make 6 macros trading eight is +$240

We start with EIGHTS which is a wide stop loss
When accumulate more space we continue with FOURS which is less wide
Then smaller and smaller stops
Because initial risk becomes a smaller and smaller fraction
of space as we accumulate.

Edited.

doubles.png
Last edited by jrtrading on Wed Mar 23, 2016 3:17 am, edited 1 time in total.

jrtrading
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Re: Three Charts

Postby jrtrading » Wed Mar 23, 2016 12:20 am

MightyOne wrote:If you gain 4 EIGHTS then you also have 4 of any other macro (let that sink in!).
If you gain 4 EIGHTS and you double your size then you have 4 FOURS.
If you gain 12 FOURS and you double your size then you have 12 TWOS; re-doubling will give you 12 PIPS (ONES).


Since all type of macro pips have the same risk, if I gain 4 EIGHTS which is 4 x R, where R is initial risk,
I will also have gained 4 x R in any other macro.

The difference between the macros are the lot size.

If I lose 1 EIGHT I also lose
1 ONE (x pips over n lots)
1 TWOS (2x pips over n/2 lots)
1 FOURS (4x pips over n/4 lots)
1 SIXTEENS (16x pips over n/16 lots)

If I gain 1 EIGHT I also gain
1 ONE (x pips over n lots)
1 TWOS (2x pips over n/2 lots)
1 FOURS (4x pips over n/4 lots)
1 SIXTEENS (16x pips over n/16 lots)

Thus, if I gain 4 EIGHTS that is 4 *(8 x R @ n/8). If I double my size and keep the risk constant
That must be equal to 4 * (4 x R @ n/4), which is 4 FOURS.

Thus, if I gain 12 FOURS to my space that is 12*(4 x R @ n/4). If I double my size and keep the risk constant
That must be equal to 12*(2 x R @ n/2), which is 12 TWOS.

If I double that again that is 12*(1 x R @ n/1) which is 12 ONES...
.. or going back to 12 FOURS if I cut space in half rather than doubling.

The risk R is always constant
Last edited by jrtrading on Wed Mar 23, 2016 2:31 am, edited 2 times in total.

jrtrading
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Re: Three Charts

Postby jrtrading » Wed Mar 23, 2016 2:23 am

Time to go to sleep..

Edit: I think I managed to do some calculations wrong,
i.e. that it is better to look at the total amount of macro pips.
I have corrected the charts below, but will have check them tomorrow, sorry about that.

alt1-corr.png

alt2-corr.png
Last edited by jrtrading on Sun May 08, 2016 10:59 am, edited 2 times in total.

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