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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #3,401
  • Jun 21, 2019 11:40am Jun 21, 2019 11:40am
With Parisboy's Envelopes Ultra Secret Settings !

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD NON REPAINTING ENVELOPES 2.png Size: 883 KB
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  • #3,402
  • Edited 12:00pm Jun 21, 2019 11:41am | Edited 12:00pm
Quoting robots4me
{quote} @Scott2locky -- nice. But what is your "not as sexy" Entry rule? Are you trend trading?
I use an alert that I had coded for me. I don't know if would put a name on the type of entry ( I use 15/30m for entries), as depending on price action it can be a breakout in small range or a 1-2-3 top/bottom in more volatile markets. But as I've said from the beginning, tailor the entries to your own available capital, risk, trading style, and requirements but manage that trade as objectively as possible!

Since you could hardcode the money management using those horizontal targets and a few rules it is easy to forwardtest your entry rules to see if it suits the individuals requirements.
  • #3,403
  • Jun 21, 2019 11:44am Jun 21, 2019 11:44am
Quoting parisboy
{quote} WRONG ! Moving Averages do not repaint they LAG. If Moving Averages "repaint" it is because the coder has coded the lagging missing part which "repaint". 4 Non Repainting Envelopes PBEUSS = Parisboy Envelopes Ultra Secret Settings 6 Years - 1536 Trading Days ( khaki) 1 Year - 256 Trading Days (brown) 6 Months - 128 Trading Days ( ocre) 6 Weeks - 32 Trading Days (blue) {image}
Quote
Moving Averages do not repaint they LAG

@parisboy -- that's not what I said. @Robot Trader thought repainting had to do with the most recent bar. I explained that repainting is more complicated than that. When an indicator repaints, then all calculations -- including moving averages -- get recomputed. Moving averages by themselves don't repaint. But if the algorithm behind the scenes that uses a moving average keeps changing its data then the moving average will change as well.

I like your Envelopes charts but, you know what, I can't reproduce them because I don't understand your settings. In MT4 all the MA-type algorithms use a "period" setting in bars. I don't know what 1536 Trading days means. Can you tell me how to convert your settings to bars. Also, what type of moving average -- exponential, simple, smooth, weighted? Also, what price -- high, low, open, close?

I would like to experiment with your ideas, but we are speaking a different language when it comes to settings.
  • #3,404
  • Jun 21, 2019 11:50am Jun 21, 2019 11:50am
Quoting aaven
{quote} Hi Steve, There is no fear of trading live as such-just that i know there are gaps in my knowledge and i have to address them-Nothing to do with any trading method or person- in fact, my association with George has bolstered my confidence- He is very frank in sharing his life experiences-Keep aside the trading aspect-George is a very affectionate human being, when you get to know him- Gave tremendous Life Advice- That's why i attach more significance to him as my father figure than a trader. I disagree with Targets beings secondary, I mean,...
" Most of what one needs is there in the thread-In fact, there is a pdf of George Posts-Charts-examples- 500 odd pages as of the latest version. Not being sarcastic, a if you had taken week off from this thread- you could have completed the book and seen the answers for yourself. As i said, may be in one of my previous post- George laid out the path with the directions and the door was always open- Doesn't make sense to blame George, if you are still outside. Thanks[/quote]

@aaven -- okay. Thanks for taking the time to respond. Good luck with @George's methodology.
  • #3,405
  • Edited 12:47pm Jun 21, 2019 12:05pm | Edited 12:47pm
y
Quoting robots4me
{quote} {quote} @parisboy -- that's not what I said. @Robot Trader thought repainting had to do with the most recent bar. I explained that repainting is more complicated than that. When an indicator repaints, then all calculations -- including moving averages -- get recomputed. Moving averages by themselves don't repaint. But if the algorithm behind the scenes that uses a moving average keeps changing its data then the moving average will change as well. I like your Envelopes charts but, you know what, I can't reproduce them because I don't understand...
A Trading Day Daily is a Daily setting - open, close, high , low is indifferent - influence on analysis and trading is negligible.

influence of the last bar on analysis is negligible , even in 1 minute or 5 minutes - I trade these Time Units daily.

a bar is artificial - just a specific representation of past Price Action. You can not buy tomorrow's close, high, low, mid-price, typical price etc

as for now I do not use 1536 Trading Days "settings" ( and 256, 128, 64, 32 etc) but 1536 Time Units settings even in 1 mn, 5 mn , 30 minutes, 60 minutes etc

As for Moving Averages I only use CENTERED MOVING AVERAGES (Averages whose the last calculated point of the average is positioned 1/2 period back)

This has been explained X times on your thread and XYZ times on my thread.

I suspect some laziness ! but you had a lot to do !
  • #3,406
  • Jun 21, 2019 12:27pm Jun 21, 2019 12:27pm
Quoting parisboy
y {quote} A Trading Day Daily is a Daily setting - open, close, high , low is indifferent - influence on analysis and trading is negligible. influence of the last bar on analysis is negligible , even in 1 minute or 5 minutes - I trade these Time Units daily. a bar is artificial - just a specific representation of past Price Action. You can not buy tomorrow's close, high, low, mid-price, typical price etc as for now I do not use 1536 Trading Days "settings" ( and 256, 128, 64, 32 etc) but 1536 Time Units settings even in 1 mn, 5 mn , 30 minutes,...
Quote
I suspecct some laziness

@parisboy -- I may be a rookie trader, but when it comes to laziness I am the MASTER. You should see my backyard.

Thanks for the MA settings -- I will try again and see how far I get.
  • #3,407
  • Jun 21, 2019 12:45pm Jun 21, 2019 12:45pm
Convenience and Bullshitting.

I will try to synthetize the deep thoughts on Trading up to the roots of the Great Master Bullshitter (GBM) 33rd Level

Interview of a recent Deputy Master Bullshitter


What about Entry : you enter at your convenience
What about Exit : you exit at your convenience
What about Stop Loss : you position your Stop Loss at your convenience

What about Money Management : you manage your money as you want. Do it yourself.

What about Indicators : Indicators are useless at the exception of those I use
What about Indicators settings : Indicators settings are private, almost secret.

The Great Master Bullshitter advises family members to use the settings which are convenient to you.

What about Trends :Trends do not exist. Trends are a myth created by Market Makers
What about Supports : Supports do not exist. Supports are a myth created by Market Makers
What about Resistances : Resistances do not exist. Resistances are a myth created by Market Makers

What about Targets ? TARGETS are very important.
How Targets are defined ? Only the Great Master Bullshitter knows how to determine a target

What about Herd Mentality Zone ? Herd Mentality Zone is a nice parallelogram
How Herd Mentality Zone are defined ? you just need to draw a straight line between 2 historical points at the same level

The Great Master Bullshitter has a message for you : Do it yourself - Happy Trading
  • #3,408
  • Jun 21, 2019 12:52pm Jun 21, 2019 12:52pm
Quoting robots4me
{quote} @Scott2locky -- nice. But what is your "not as sexy" Entry rule? Are you trend trading?
And there ya go! Another PP hit...I did not hold for that PP as ADR was already overextended and it being Friday, but as you can see it would certainly be easy to use them as part of your MM strategy to take all subjectivity out of the post-entry.

Secret knowledge of single entity market maker not needed!
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  • #3,409
  • Jun 21, 2019 1:06pm Jun 21, 2019 1:06pm
Quoting parisboy
Convenience and Bullshitting. I will try to synthetize the deep thoughts on Trading up to the roots of the Great Master Bullshitter (GBM) 33rd Level Interview of a recent Deputy Master Bullshitter What about Entry : you enter at your convenience What about Exit : you exit at your convenience What about Stop Loss : you position your Stop Loss at your convenience What about Money Management : you manage your money as you want. Do it yourself. What about Indicators : Indicators are useless at the exception of those I use What about Indicators settings...

LOL
POW!
  • #3,410
  • Jun 21, 2019 1:56pm Jun 21, 2019 1:56pm
Parisboy New ultra secret settings with Envelopes translated on the right
Attached Image (click to enlarge)
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  • #3,411
  • Jun 21, 2019 2:37pm Jun 21, 2019 2:37pm
A job for the the long w-e.
All the people here watching and non contributing.
I give you here an indi to watch the different pips made by sessions.
It seems there is a relations between each.
Can you find a relation
Have a nice w-e
Attached File(s)
File Type: ex4 Auto_Sessions_v2.61.ex4   43 KB | 411 downloads

And how to fine tune the indi
https://www.markethours.net/forex-market-hours
  • #3,412
  • Jun 21, 2019 2:51pm Jun 21, 2019 2:51pm
BS(BullShit) Detective Indicator for Lazy Traders

the Bullshitter never answer directly and precisely a Technical question

a) - on his "method" (your can infer the bullshitter has no methodology)
b) - on his indicator (only words , no details)
c) - on his EA - the bullshitter has no coding ability

the bullshitter uses mostly generalities, truisms etc that nobody can discuss or argue against

Short test to detect a bullshiter on a trading forum.

When you trade you have to adress at the minimum 3 questions :

- when and at which level to enter ?
- when and at which level to exit ?
- at which level you have to position your Stop Loss to protect your capital

I tested a guy I suspected to be a bullshitter. To be frank I was sure it was a bullshitter, I just wanted to confirm rationally the fact.

This guy had posted 1287 messages (at the time of the search)

a quick search shows :

57 times the word "entry" = 4,5 % of the messages
11 times the word "exit" < 1 % of the messages
23 times the word "stop-loss" < 2 % of the messages
  • #3,413
  • Jun 21, 2019 2:54pm Jun 21, 2019 2:54pm
Another nice long trade I got into last night, Central time for about 52 pips on the USD/JPY
that took my TP while I was at work today. My targets (Orders) being the Liquidity Gaps. IN at 107.107 and out at 107.673 could have traded it back down into the ADR after the high was hit.
Attached Image (click to enlarge)
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  • #3,414
  • Jun 21, 2019 2:55pm Jun 21, 2019 2:55pm
Quoting parisboy
Convenience and Bullshitting. I will try to synthetize the deep thoughts on Trading up to the roots of the Great Master Bullshitter (GBM) 33rd Level Interview of a recent Deputy Master Bullshitter What about Entry : you enter at your convenience What about Exit : you exit at your convenience What about Stop Loss : you position your Stop Loss at your convenience What about Money Management : you manage your money as you want. Do it yourself. What about Indicators : Indicators are useless at the exception of those I use What about Indicators settings...
And master @parisboy -- when is your next pod cast where you will go into full detail -- including charts and explanations? I wouldn't want to miss it...
  • #3,415
  • Jun 21, 2019 3:00pm Jun 21, 2019 3:00pm
Quoting parisboy
BS(BullShit) Detective Indicator for Lazy Traders the Bullshitter never answer directly and precisely a Technical question a) - on his "method" (your can infer the bullshitter has no methodology) b) - on his indicator (only words , no details) c) - on his EA - the bullshitter has no coding ability the bullshitter uses mostly generalities, truisms etc that nobody can discuss or argue against Short test to detect a bullshiter on a trading forum. When you trade you have to adress at the minimum 3 questions : - when and at which level to enter ? - when...
Oh, oh -- are those my stats? I better fix things up right away before @parisboy tests my thread...

Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry,
Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry,
Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry,
Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry,
Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry, Entry...

Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit,
Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit,
Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit,
Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit,
Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit, Exit,...

Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss,
Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss,
Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss,
Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss,
Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss,
Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss, Stop-Loss...
  • #3,416
  • Jun 21, 2019 3:05pm Jun 21, 2019 3:05pm
Quoting rosalieone
A job for the the long w-e. All the people here watching and non contributing. I give you here an indi to watch the different pips made by sessions. It seems there is a relations between each. Can you find a relation Have a nice w-e {file} And how to fine tune the indi https://www.markethours.net/forex-market-hours
@rosalieone -- Thanks for the tool -- I'm running it now. You're very good at picking-out patterns -- much better than me. Could you attach a screen shot that better shows what catches your eye.
  • #3,417
  • Jun 21, 2019 3:15pm Jun 21, 2019 3:15pm
i was just saying if you watch for example GJ everytime youve got a full reverse of a what the asian session has made. if not you have a target. i dont know for the other currencies.l will check next week. im in a party so reduce answer possibility. cheers
  • #3,418
  • Jun 21, 2019 3:16pm Jun 21, 2019 3:16pm
but we have to study each currency
  • #3,419
  • Jun 21, 2019 3:21pm Jun 21, 2019 3:21pm
Quoting parisboy
BS(BullShit) Detective Indicator for Lazy Traders the Bullshitter never answer directly and precisely a Technical question a) - on his "method" (your can infer the bullshitter has no methodology) b) - on his indicator (only words , no details) c) - on his EA - the bullshitter has no coding ability the bullshitter uses mostly generalities, truisms etc that nobody can discuss or argue against Short test to detect a bullshiter on a trading forum. When you trade you have to adress at the minimum 3 questions : - when and at which level to enter ? - when...
@parisboy -- I was just thinking you may be too harsh. After all, the thread you tested was started only last January and there were only a little over 1200 messages. Let's give it more time. Perhaps the author of the thread in question will eventually get around to mentioning those words more often. After all, it does take awhile to prep all the subscribers to get into the right frame of mind -- you know, boundless, outside-the-box thinkers. It might also require a few more pod casts -- one can't brainwash (oops, I mean prep) new traders after only two.
  • #3,420
  • Jun 21, 2019 3:21pm Jun 21, 2019 3:21pm
i stop here i have to get to the bar :-)
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