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Xandi mysterious Pyramid

  • #361
  • Jul 9, 2013 7:07am Jul 9, 2013 7:07am
My TP was 9180 and I use to trade like this, I´ve explained before, use Price action, look at my previous charts with that shadowed zone, use the SUp/Dem indi on 15min TF or 1hTF. I draw the line on body candles, not on wick/shadow...it´s explained on Price Action Julexo, and also some manual I put here also...
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  • #362
  • Jul 9, 2013 7:56am Jul 9, 2013 7:56am
just wondering this: why when you start the pyramid the target is to break even instead of using martingale?
  • #363
  • Edited 10:47am Jul 9, 2013 9:00am | Edited 10:47am
Quoting midnight
just wondering this: why when you start the pyramid the target is to break even instead of using martingale?
I´m not familiarized with term/concept martingale, but my logic is this:
when price goes from the start on my side and hit TP, ìm happy.
when price goes from the start against me, I´m happy with => BE..So BE has to be assured, if price goes above BE, I can put a SL on BE and profit 20/30 pips or more with the all positions from pyramid...
ps: note that many time price only retrace to Breakeven..and the only thing matters is that your balance keep growing...
  • #364
  • Jul 9, 2013 11:39am Jul 9, 2013 11:39am
Quoting xandi
{quote} I´m not familiarized with term/concept martingale, but my logic is this: when price goes from the start on my side and hit TP, ìm happy. when price goes from the start against me, I´m happy with => BE..So BE has to be assured, if price goes above BE, I can put a SL on BE and profit 20/30 pips or more with the all positions from pyramid... ps: note that many time price only retrace to Breakeven..and the only thing matters is that your balance keep growing...
Martingale is where u double after every losing trade. Usually casino players play like that. I think it might work well in the pyramids
  • #365
  • Jul 9, 2013 11:43am Jul 9, 2013 11:43am
Quoting thodie
hey xandi, not at home ATM so can´t post the chart. €/$ 4h looks like a clear buy... Stochastic stack looks quite good. Started pyramid with small position 1:1 today...
great... 2nd pos. 99pips below

but AUD/USD shows relative strenght!
just do it
  • #366
  • Jul 9, 2013 11:54am Jul 9, 2013 11:54am
Quoting midnight
{quote} Martingale is where u double after every losing trade. Usually casino players play like that. I think it might work well in the pyramids
man, I showed you examples of my pyramids, and how they work perfect, and they are not that rigid of doubling thing, or something..theres´s rules like the "start counting after neck broken", and it can be:
0.3+0.3+0.6+1.2+2.4...
0.3+0.3+0.3+0.9+1.8+3.2...
etc..there´s various types, depending on situation, if we are on begginning of trend or not, if we are in FOCM or NFP, and other principles...
you shlud read careful the entire pages, and contextualize all the time posts with chart, start read post 1# and after jump to post 50# and read all examples in different sittuations, as important quotes!

ps: if martingale is that, it can also wright work even better here in this market than in casinos, because in casino the RED can appear 20 times in a row, on Forex price can´t drop more than 300 pips without the needed retracement to jump off on BE, I´ve explained here with examples many many of times!!!
  • #367
  • Jul 9, 2013 11:57am Jul 9, 2013 11:57am
Quoting thodie
{quote} great... 2nd pos. 99pips below but AUD/USD shows relative strenght!
heehehe..great!!! and there you start your 1st pyramid!!!

I didn´t look to Eurusd, but I doubt that it is so good than AUDUSD respecting the far far away from ichcloud on 4h and daily TF...
Even so, let the pyramid work, drop down the TP of both positions to BE, and put already other pending position 90/100 pips below...you use the "counting after neck line broken" principle?
  • #368
  • Jul 9, 2013 11:57am Jul 9, 2013 11:57am
Quoting thodie
{quote} hey xandi, the 3rd account is only for pyramid... i was short last friday exit was a bit early throug trailing stop but the pyramid pending has triggered. i have 50 leverage and use generally small start positions. So i won´t be able to make 100% a month without max. risk. usually 3 to 5% a month... so pipa why don´t you stay for a while an help building pyramids

My friend I am always here when I am at FF......but always for a limited time. I am not manual trading these days all my trading is with EA's.....
For me to start "building pyramids" witch I would honestly love to do it with you guys I need to learn the system the right way first and spend the time to give it a fair try.........maybe soon , it would be fun....
But I am here spying on you guys .....
  • #369
  • Jul 9, 2013 12:14pm Jul 9, 2013 12:14pm
Quoting 4xPIPAHOLIC
{quote} My friend I am always here when I am at FF......but always for a limited time. I am not manual trading these days all my trading is with EA's..... For me to start "building pyramids" witch I would honestly love to do it with you guys I need to learn the system the right way first and spend the time to give it a fair try.........maybe soon , it would be fun.... But I am here spying on you guys .....
I am sure it will not take you much time to learn the system. It's quite easy, especially for advanced trader
  • #370
  • Jul 9, 2013 12:22pm Jul 9, 2013 12:22pm
Quoting Tomoney
{quote} I am sure it will not take you much time to learn the system. It's quite easy, especially for advanced trader
true!! and I like a lot how the "strategye summary" was developed here!! it can be even improved in minor details, but in my opinion, it´s already a great pocket trading mini-manual!!!!
  • #371
  • Jul 9, 2013 1:59pm Jul 9, 2013 1:59pm
Quoting xandi
{quote} true!! and I like a lot how the "strategye summary" was developed here!! it can be even improved in minor details, but in my opinion, it´s already a great pocket trading mini-manual!!!!
This summary is perfect to me. When we serve people to much information it is not good. The better situation is when somebody have this system as a frame and he works on details in his own way. I think so... Of course we can share and I see we share our ideas, so we can learn each other and this is awesome here!
  • #372
  • Jul 9, 2013 3:52pm Jul 9, 2013 3:52pm
^^agree
just do it
  • #373
  • Jul 9, 2013 4:30pm Jul 9, 2013 4:30pm
thank you bro´sI love to be here, forum sharing eachother!
Strategye Summary to remind ever!
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  • #374
  • Jul 9, 2013 8:27pm Jul 9, 2013 8:27pm
... hard fight for the month!
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  • #375
  • Edited 9:44am Jul 10, 2013 9:17am | Edited 9:44am
I´m testing crazy things on the edge...I´m desrespecting the "summary", especially on Lot entry, reinforcement gap, and IchCloud on 4hTF...
AUDUSD is already on cloud, so it might be not so good to entry long, but as I´m expecting 9260 when looking to daily, I´m all in on that, to see if catch bhoopalan with his leverage....
  • #376
  • Jul 10, 2013 12:18pm Jul 10, 2013 12:18pm
i m new in this thread ....aud/usd is on the cloud , and gbp/usd is far away from the the cloud so i think it is good to build the pyramid ... what you guys think ?????
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  • #377
  • Jul 10, 2013 12:52pm Jul 10, 2013 12:52pm
good idea vimma,

my "pyramid" account is a GBP one, as i think GBP is a bit undervalued ATM compared to €.

i canged €/GPB @ 0.86120
just do it
  • #378
  • Jul 10, 2013 1:02pm Jul 10, 2013 1:02pm
Quoting xandi
I´m testing crazy things on the edge...I´m desrespecting the "summary", especially on Lot entry, reinforcement gap, and IchCloud on 4hTF... AUDUSD is already on cloud, so it might be not so good to entry long, but as I´m expecting 9260 when looking to daily, I´m all in on that, to see if catch bhoopalan with his leverage....
What is the amount of margin used for the 6 full lots in trade? Apparently you are using 1:200 ?

TF
  • #379
  • Jul 10, 2013 1:04pm Jul 10, 2013 1:04pm
Quoting xandi
I´m testing crazy things on the edge...I´m desrespecting the "summary", especially on Lot entry, reinforcement gap, and IchCloud on 4hTF... AUDUSD is already on cloud, so it might be not so good to entry long, but as I´m expecting 9260 when looking to daily, I´m all in on that, to see if catch bhoopalan with his leverage....

You can breathe a sigh of relief now.
  • #380
  • Jul 10, 2013 1:10pm Jul 10, 2013 1:10pm
Quoting TradeForexFx
{quote} What is the amount of margin used for the 6 full lots in trade? Apparently you are using 1:200 ? TF
In my real live account I can choose between 1:100 or 1:300.. this Demo account I think it´s 1:200, but let me check at home, the margin required on 6 was 2000, I think..
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