Three Charts

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three Charts

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

Drew this a long time ago, coincidence or not.

EURUSD.png
EURUSD.png (134.54 KiB) Viewed 613 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three Charts

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

CVX.png
CVX.png (42.56 KiB) Viewed 581 times

SPX.png
SPX.png (98.42 KiB) Viewed 552 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three Charts

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

SPX.png
SPX.png (85.6 KiB) Viewed 536 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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
spx2.png (79.44 KiB) Viewed 492 times

spx3.png
spx3.png (93.47 KiB) Viewed 477 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

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
for_jrtrading.png (26.97 KiB) Viewed 467 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

Re: Three Charts

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

SPX.png
SPX.png (86.71 KiB) Viewed 436 times

CVX.png
CVX.png (42.82 KiB) Viewed 423 times

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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
doubles.png (18.29 KiB) Viewed 406 times
Last edited by jrtrading on Wed Mar 23, 2016 3:17 am, edited 1 time in total.

jrtrading
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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
rank: 150+ posts
rank: 150+ posts
Posts: 344
Joined: Mon Dec 01, 2014 9:04 am
Reputation: 1
Gender: Male

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
alt1-corr.png (120.03 KiB) Viewed 363 times

alt2-corr.png
alt2-corr.png (123.06 KiB) Viewed 363 times
Last edited by jrtrading on Sun May 08, 2016 10:59 am, edited 2 times in total.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”