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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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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Drew this a long time ago, coincidence or not.

Things looked pretty weak, and now this happens

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

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

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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.

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.

-$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.

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

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.

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.

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.

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

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