Play the players, not the cards.
- #23
- Sep 18, 2012 12:50pm Sep 18, 2012 12:50pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
A good journal, nice thought process.
How do you determine the center of your arcs?
How do you determine the center of your arcs?
FF journal: Peaks and Troffs
A good journal, nice thought process.
How do you determine the center of your arcs?
So, really, it's not the center, but the four corners of the circle.
This half-star pattern is happening a lot.
1H AU
Play the players, not the cards.
- #29
- Sep 20, 2012 1:36pm Sep 20, 2012 1:36pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
I haven't drawn circles in a long while, but usually it was just my gut telling me to start with a massive swing, one that harbors multiple swings within itself, and then the next point would be to line up the circle and the swing. Once I see price starting to turn after the first 90 degrees, too. I box up the swing? That's how I actually start out, which lines up with the swing start/high. The first picture in this thread that has a circle is a good example to look at, actually.
So, really, it's not the center, but the four corners of the circle....
We seem to draw our lines very similar. Have you got a camera in my office?
FF journal: Peaks and Troffs
Cool, thanks. Is it an MT4 tool to draw the arc? Cheers.
We seem to draw our lines very similar. Have you got a camera in my office?
So what if I have a camera in your office?
Play the players, not the cards.
- #35
- Sep 26, 2012 6:52pm Sep 26, 2012 6:52pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
I've been trying to work on an entry/exit system, but they've always used total equity as efficiently as possible, which in turn is vulnerable to variance. So, I'm looking for more stability.
This is something I wrote in an hour or so, probably don't have the numbers completely right, but whatever. If price moves 30 pips, I believe, in my favor, then I'm break-even. After that, my risk becomes negative, using 10 pips as a SL. Discretion is better than a entry/exit order.
Say I went long on whatever imaginary pair at 1.5555. When price hits 1.5565,...
FF journal: Peaks and Troffs
- #36
- Edited 12:44am Sep 27, 2012 12:21am | Edited 12:44am
- | Joined Apr 2012 | Status: Toker | 918 Posts
Please explain a bit more
The only thing that triggers an entry is my gut telling me price has returned to an area where supply/demand greatly exceeds demand/supply and is fresh. This is something I have been looking over, what a fresh level really is.
My previous plan was to dump my entire equity into a trade with a semi-tight SL and trade to double my equity. Then MM really kicked in, so I decided to go with a different route. One that would greatly reduce my risk by a bazillion fold and that would allow my equity to gain in a similar fashion.
For the Aussie futures, or /6A, I have a few levels marked out as fresh S/D levels if price were to return there. Aud/Usd is at 1.04 right now, so I'll use that level, but the action looks exactly the same. If I were to go long here, my stop would be at 1.039. If price moves up to 1.041, I would add another position, while maintaining a net SL of 10 pips. Sometimes, price slips here and there on the forex, so I try to use my gut rather than an actual SL to exit. (not saying to go long, but if I were.)
I will probably edit this post.
Edit: Yep. Some further refining on the entry/exit system. This time, every time there's an average MMR added to your equity, you add that extra lot that you have earned in profits. I'll need to adjust profits, risk/reward, what-have-you.
Edit 2: I forgot to add, the gains in dollars is the original amounts from the previous set of numbers. Just to be as clear as possible.
Inserted Code
entry number, gains in dollars, lots total 1 1 1 2 3 2 3 6 3 4 10 4 5 15 5 6 21 6 7 28 8 8 36 9 9 45 10 10 55 12 11 66 13 12 78 15 13 90 16 14 103 18 15 118 20 16 134 21 17 151 23 18 169 25 19 188 27 20 208 29
Play the players, not the cards.
