The ideas that I trade by:

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Mira
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Re: The ideas that I trade by:

Postby Mira » Sun Dec 25, 2016 2:05 pm

Merry Xmas to everybody!

Stocks earnings can gap price very far but the risk is to "lose 20 pips every 5".. do you ever thought about it?

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Sun Dec 25, 2016 5:29 pm

Mira wrote:Merry Xmas to everybody!

Stocks earnings can gap price very far but the risk is to "lose 20 pips every 5".. do you ever thought about it?



I do not trade stocks, but Alias might comment on that.

So the question is whether or not I worry about price gapping past my stop loss?

I think that a previous post has confused you...

...your risk, "your money", is going to be around -1% if/when price reaches your stop loss.
the total amount that you are going to lose per line as price crosses your stop is based on
your position size:

01: .1%/line
02: .2%
03: .3%
04: .4%
05: .5%
06: .6%
08: .8%
10: 1.0%
13: 1.3%
17: 1.7%
22: 2.2%/line

How scary this is depends on how fast you are adding size and what that total size is...:
3/9: -2/3 space, stop moves up to the 33% ret, .9% per line.
3/6: -1/2 space, stop moves up to the 50% ret, .6% per line.
3/4: -1/4 space, stop moves up to the 75% ret, .4% per line.
3/3: same space, stop stays at the 100% ret, .3% per line.
...It also depends on whether you sold a pattern or a breakout & whether or not you are
trading a large period or a small one:

if we are talking M5-H1 lines then each line is about 4 pips & price gapping 60 pips past your stop will result in
a loss of 15 lines.
H4: -7.5 lines
D1: -3.75
W1: -1.875
MN: 0.937

If you are really worried then you should either withdraw profits or trade based on a fixed amount.

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Mira
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Re: The ideas that I trade by:

Postby Mira » Mon Dec 26, 2016 11:52 am

I'm a little slow but it's getting clear. :D
When you say "stop moves up".. are you saying i have to cut lines of x% ret?
10 lines = 3 lines at risk (normalized) when 3/10?



MightyOne wrote:
Mira wrote:Merry Xmas to everybody!

Stocks earnings can gap price very far but the risk is to "lose 20 pips every 5".. do you ever thought about it?



I do not trade stocks, but Alias might comment on that.

So the question is whether or not I worry about price gapping past my stop loss?

I think that a previous post has confused you...

...your risk, "your money", is going to be around -1% if/when price reaches your stop loss.
the total amount that you are going to lose per line as price crosses your stop is based on
your position size:

01: .1%/line
02: .2%
03: .3%
04: .4%
05: .5%
06: .6%
08: .8%
10: 1.0%
13: 1.3%
17: 1.7%
22: 2.2%/line

How scary this is depends on how fast you are adding size and what that total size is...:
3/9: -2/3 space, stop moves up to the 33% ret, .9% per line.
3/6: -1/2 space, stop moves up to the 50% ret, .6% per line.
3/4: -1/4 space, stop moves up to the 75% ret, .4% per line.
3/3: same space, stop stays at the 100% ret, .3% per line.
...It also depends on whether you sold a pattern or a breakout & whether or not you are
trading a large period or a small one:

if we are talking M5-H1 lines then each line is about 4 pips & price gapping 60 pips past your stop will result in
a loss of 15 lines.
H4: -7.5 lines
D1: -3.75
W1: -1.875
MN: 0.937

If you are really worried then you should either withdraw profits or trade based on a fixed amount.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Mon Dec 26, 2016 3:33 pm

Mira wrote:I'm a little slow but it's getting clear. :D
When you say "stop moves up".. are you saying i have to cut lines of x% ret?
10 lines = 3 lines at risk (normalized) when 3/10?


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MightyOne
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HAGO BIAS EXPLAINED

Postby MightyOne » Tue Dec 27, 2016 6:14 pm

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Mira
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Re: HAGO BIAS EXPLAINED

Postby Mira » Tue Dec 27, 2016 9:29 pm

MightyOne wrote:EURUSDMonthly.png


Edit: I got it lol

Just one question: "the highest line touched by the weekly extreme..", i don't get this part, are you talking about direction?

What you mean when you say "... line is used"?

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Mira
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Re: The ideas that I trade by:

Postby Mira » Thu Dec 29, 2016 5:47 pm

End of month is still profitable.
(I added two lines at the extremes just for a easy use)

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For the series "i wish it wasn't demo"

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Ps. This is the sexiest template EVER :D

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Dec 29, 2016 7:36 pm

Updated Logic.

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Thu Dec 29, 2016 8:14 pm

If there is no pattern to trade on a large chart then simply capture one or more MN lines.

If you get to a size of 13 then each line is +20.8%...your risk is around 1%. :shock:

EDIT: a "size of 1", in MO lingo, is .1% per line (1 MN = 16 lines).

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Fri Dec 30, 2016 6:12 pm

The range of a bar can only expand upwards if price is above its midpoint, simple.

The close of a long-term bar is the current state of the expansion, whether price is moving up or down;
just look at last weeks bar, do you think that price was above or below 'something' moving into the next bar?

I am only thinking one thing when I am looking at small charts and that is how I can get my
lot size up prior to a major move (H4/daily trend or weekly/monthly bar).

For us simple folk, who are not trading gods, we are just trying to make more (much more) money in one trade than we
we lose trying to get into that one trade.

Small trades are "victories", the advantage moving forward, not wins.

Some people are born to be mercenaries & their small wins are their livelihood & there is nothing wrong with that,
but this thread assumes that you are fighting for queen and country :lol:


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