dungle's trading framework

Please don't I don't need much encouragement, I'll be attaching wav files next but I'll be sounding like a vuvuzela.

It must after years of all that searching, actually finding this Grail has gone to my head.

Sorry for breaking your beautiful world, but..........the Grail is a myth.
And thanks for the experience you share, I have a look at it

Forget the nai sayers - one mans junk and all that, but my only request is that you delete all that hard work you posted there man - keep it to yourself and those you know and respect

These people (most not all) are parasites and make no mistake - even if you show them the "grail" they will take it, prob not thank you, then lose money and hate you for it...

Just not worth it - IMO

To be honest I'm just sick of the dam word - perhaps holy grail to some is simply a profitable method - Holy grail or not you're passion will/should get you what you desire in the end (it's an edge in itself).

Recepeta

Hold grail exist for new traders.

For experienced traders, there is no word like holy grail.

You pick me up and then you let me fall

lol - sorry man it was a typical thread hijacking - i felt bad for the Donga

But for the record - I was in a great chat with Purps and then deleted all my posts cause - well they were meaningless - that's why he may appear slightly nuts in the serial posts above - I asked him to sing a few lines,,, then said he had a great voice well that's about the gist of it sorry purpster

I drank too much tonight lol

wow, long documents...

CindyXXX

Very good of you to go to the trouble, enjoy your drink, I recommend copious amounts of Fizzy Grail

that would have to depend on how you as a person view the world, your world.

the wording of the topic of this tread was simply to get people peoples attention and to have worthwhile discussion. for those who have taken the time to read the document then i will have a discussion with them and yes there is an application 6

H grails are like UFO's, how can one say that they dont exsist? something nearly must exsists

nice presentation , and a V from me
thank you
samer

Thank you very much for putting this together.

dwt

OK, first question: You say "You may use 40-50% of your capital on these trades since they are more predictable and more easily calculable." Let's suppose I have $100,000 in my trading account. Are you saying that I should size my positions to trade $40,000 - $50,000 worth of currency (i.e. 0.4 to 0.5 full lots) per trade, or do you mean that I should place $40,000 - $50,000 of my account at risk on each trade? Or, if I have (for example) allocated 2% of my capital ($2,000) as being able to be risked on a group of trades, that 40%-50% of this $2,000 should be allocated to trades of this type? Or something else?

i did not expect this to be the first question but yes you can use that 40-50% of your total capital once the setup is there and you factor in the the possible pullback to the highest high ( if selling) or the lowest low of the setup (if buying)

Well, I have had the time to re-read through the docs and have some comments and questions as follows:

On the Type C and the type D candles, are you saying they all have low volume, or that one should pay attention to the low volume candles and not the high volume versions?
i am saying that the mo/ fa candles have a high volume and thats what pushes the market

So your PP is derived from the swing points and are not Multi time frame dependant?
the pivot points are only relevant in their own timeframe where they actully form one

Because you are saying that the type A candles push through the MO/FAs(PP), this would imply that you agree with the all is known in advance of the FA in the price alone theory. Is that your view?
no if the candle setup is there then it will move accordingly. sometimes there is no setup before the FA and the price just meanders around in the expected direction of the FA. yes somtimes i have the feeling it is known before hand

Do you define MOs only as session opens for example, NY, London, Frankfurt, Asian?
from what i get from the charts it is when a high volume enters the market and it is usually london ny and asian. sometimes there is a move one hour before the london which i suspect is the frankurt open
Your Fry Pan looks to me like a classic Bull or Bear Trap. I can agree with your logic on the out come.
okay
You are saying, look for the set up and then look to see if the same setup exists in the correlated pairs for confirmation of a valid setup?
yes mainly the jpy pairs
Your MM seems a bit high on risk. Could you please explain what you mean by % of margin risked? I prefer to think in terms of % of Capital risked.

As in this formula;
Position size = Account Equity * Risk% / StopLoss in Pips / Single Pip Value in Base currency.

I generally only risk 1 to 3 % on any one given trade and never more than 10% on capital at large.

Please explain further what appears to me to be extremely aggressive risk.
i knew this would get on peoples cases so to get to the meatier matter lets assume a standard risk of 2% of capital since this would not change the general ideas of this trading concept
The MO time and trade time you list are in Eastern Time, correct?
yes i am an hour behind ny time
On your targets and wave calculations, how are you coming up with the figure of 100 pips that your apply to every pair? I could be misunderstanding this part, so please explain.
i dont know where it came from it was just an observation.the minor/cross pairs may be more but i havent worked out that yet.
did you know that the number of pips moved after a FA used to be in proportion to their relative cost per lot using the gbp/usd as the base(this was in the pre-meltdown era)

Thanks for some fantastic research and concepts.

Dude,

"You knew this would get on peoples cases" ???

I dont mean to be rude cos its pretty cool that you have done all this and posted it up... but you aren't gonna get EVERY percieved high probability trade right. Its just impossible over any decent number of trades. You take ONE hit on a trade where you are risking 40 - 50% of your account equity... and you are FUCKED big styles.

You just cant justify doing that man. No way. Please clarify if we have misunderstood.

Cheers

MM

Sorry if that came accross as aggressive!

Dungle .. bro... big thanks for all your hard work. Ive read it all.

I just get excited about certain things... and money/trade management happens to be my main focus these days so yeah. Forgive me if i sounded a little angry. I look forward to clarification on how you would actually work this trading method and a risk profile like that together.

I was hoping it wuold have something to do with a high probability setup on the higher timeframes... and doing battle (averaging in) with high probability setups on lower timeframes. Thats the only way i can reconcile it?


Thanks,
MM

An optimal Kelly bet with a win % of 60 percent and 1 to 2 risk:reward would equate to a wager of 40% of capital. Not many of us are that aggressive but perhaps that's where his numbers come from?

Just a thought, nice compilation Dungle...