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Attachments: Master Entry + Bonus Entries w/ Tight Stops to Master Target
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Master Entry + Bonus Entries w/ Tight Stops to Master Target

  • Post #1
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  • First Post: Feb 27, 2013 6:09pm Feb 27, 2013 6:09pm
  •  Rag2RichesFX
  • Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Give me about 30 minutes to draw up some chart examples.

This system is to try to get the most of the leverage brokers offer you, without risking too much as traditional use of high leverage would do.

It is somewhat similar to pyramiding entries.

I'm sharing this because its just an idea on how you would maximize your profits, you still have to figure out where to enter and when to enter.

It will be easiest to understand this idea with charts which will be posted below.



Basically what you must do is trade the larger and smaller time frames on the largest time frame move. How you do this with where you place your stops is completely up to you. Lets just do examples for now for simplicity and understanding.

We will call this the following the master entry. You might for example risk 25 pips at 1:1 leverage. 0.25% of your account. When the positions moves in your favor by X amount of pips, you have a nice profit. But it hasn't reached the desired target yet. If there is some temporary resistance coming, you can close partials and re enter (if you are skilled enough to do so), but for simplicity lets just say you don't close any partials and small resistance areas.

However what you will do is trade larger time frame continuation. A tip for entering? It will be the end of the smaller time frame retracement.

When this happens you reenter the closed partials from the master entry (if you had done any). You then proceed to enter positions half the size of the master short. However, you keep a razor tight stop loss on this trade. It's just for bonus. You are only risking a small portion of your master shorts profit. This is probably a good time to break out a chart for a visual. See below.

Again, the risk % and stops are all up to you. The amount of bonus trades you decide to "pyramid" is up to you.

Just keep the bonus trades with ultra tight stops. That's the most important part.


Note: If you get these razor tight entries and they work out, you can close them for +50 pips or whatever you feel like if that would help you feel more comfortable letting the master short go all the way to the master target.

Tip: Enter bonus trades on accumulation moves, where its completely evident the market is moving in the position of your master trade.


Let me know if you have any questions. I thought that was pretty straight forward though.

Green pips to you all.

R2R
Be hopeful in a winning position, and fearful in a losing position.
  • Post #2
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  • Feb 27, 2013 9:20pm Feb 27, 2013 9:20pm
  •  juicyt
  • | Commercial Member | Joined May 2008 | 480 Posts
Ahh if only markets moved so smoothly.. I tell you what, where you wrote the following "A tip for entering? It will be the end of the smaller time frame retracement. " if you can tell me where that point is, then I will listen. In fact you tell me that and I'd probably forget everything you wrote and just trade that!

Show some pics, try to show real time pics and not cherry picked history pics and lets see if you are onto something!

jt

"Even if you fall down face first, you still went forward."
 
 
  • Post #3
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  • Feb 28, 2013 1:25am Feb 28, 2013 1:25am
  •  Rag2RichesFX
  • Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
need some more time then ill get that chart up
Be hopeful in a winning position, and fearful in a losing position.
 
 
  • Post #4
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  • Edited 1:48am Feb 28, 2013 1:34am | Edited 1:48am
  •  Rag2RichesFX
  • Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Quoting juicyt
Disliked
Ahh if only markets moved so smoothly.. I tell you what, where you wrote the following "A tip for entering? It will be the end of the smaller time frame retracement. " if you can tell me where that point is, then I will listen. In fact you tell me that and I'd probably forget everything you wrote and just trade that!

Show some pics, try to show real time pics and not cherry picked history pics and lets see if you are onto something!

jt

Ignored
Are you serious?

I'm not going to show you exactly how i enter, but when you see the charts with notes you will get a good visual idea of what I'm talking about and perhaps you can pick up how to enter.

Just trade waves for starters. Use RSI + PA to time the market.

This is not a trading system, just a way to get the most out of a trend.
Be hopeful in a winning position, and fearful in a losing position.
 
 
  • Post #5
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  • Mar 3, 2013 8:46pm Mar 3, 2013 8:46pm
  •  nathaniel
  • | Joined Jun 2010 | Status: Member | 405 Posts
Looking forward to your charts
 
 
  • Post #6
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  • Mar 4, 2013 2:07pm Mar 4, 2013 2:07pm
  •  Rag2RichesFX
  • Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Here is one example with scalping. Using equity profits to add to winners when you know the proper target has not been reached. but the timing and entry must be solid.

Target was 1.3018 zone which was hit and then filled back into 1.30.

Imagine this same concept but for 100+ pip profits. Obviously easier said than done.
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Be hopeful in a winning position, and fearful in a losing position.
 
 
  • Post #7
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  • Last Post: Mar 4, 2013 2:21pm Mar 4, 2013 2:21pm
  •  Rag2RichesFX
  • Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Completed
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Be hopeful in a winning position, and fearful in a losing position.
 
 
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