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- MickD replied Oct 20, 2017
Wow, 10 years passed quickly! I can't believe this thread is still going!! There's no way I'll be re-reading from the start but it seems there's still value/interest in the wisdom provided by Fti I'm just about to get back into trading so I ...
- MickD replied Feb 19, 2008
Thank You! — Thank you Fti and All (especially Leighsww for her time, thanks), I am trading live now, I think I would still be floundering around looking for a 'system' or some other clue on how to trade if I didn't stumble onto this thread ...
- MickD replied Feb 15, 2008
Yes, I should have just written 'successful' instead of 'that successful', my bad, thanks.
- MickD replied Feb 15, 2008
I think returns like these beg the obvious question, if you were that successful trading why would you even be looking at a contest like this with such a little purse for the winner?? I reckon I'd be too busy on my 47 foot Steber or something else ...
- MickD replied Feb 15, 2008
Hi luSan, by fib, Fti means how you enter troops. for example, I enter my troops in this pattern 1 1 2 3 5 8, this gives me 20 troops in at full attack, sometimes I don't get to 20, sometimes only 12 say. When taking profits I reverse the order, if ...
- MickD replied Feb 15, 2008
Hi amenlo9, To calculate my troops for a battle I use 1% of book for my max loss and I divide that even further to give me my troops. For example, I have a 100k book, my risk is 1%=$1000, to allow for a comfortable 2nd level rescue or even a 3rd ...
- MickD replied Feb 14, 2008
Yes he did say that. The reason I think is because it's like swimming against the current, even though you are heading in what looks like the right direction with the PA on a pullback, it can turn back to the trend direction pretty quickly without ...
- MickD replied Feb 13, 2008
That's a tough one. What I would be looking at (as Northpro pointed out) is the larger TF's to see whether I was indeed in the wrong direction and not just wrong timing! If it was wrong direction you may still have a chance at rescue depending on ...
- MickD replied Feb 12, 2008
Thanks for your explanation Fti, I understand fully. Hi All, I think Fti's input of 16 units was very aggressive and you would not do this unless you had ideal conditions and quick reactions to handle adverse conditions. As he said this scenario was ...
- MickD replied Feb 11, 2008
Hi All, This is how I (roughly) see the math for Fti's attack sequence: On entering troops - Stage Enter: Total in battle: A 1 scout = 1 unit C 1x1 = 1 = 2 units in E 2x2 = 4 = to get 4 units we add 2 for total of 4 attack 4x4 = 16 = in full scale ...
- MickD replied Feb 11, 2008
Thanks Leighsww, I actually did the same thing yesterday, I jumped the gun on the long entry for a quick scalp, luckily I only had the scout in and was also waiting for a confirmation of direction. My scout is small too so I was never really ...
- MickD replied Feb 10, 2008
I see your point Northpro and I agree. For myself at least at this stage it's a numbers game and getting a feel for the market at the start. Only after I have completed my calculations and learned to get in step with the market a bit better then ...
- MickD replied Feb 10, 2008
I can't really add much to what you have both said only that the 3 points are tightly intertwined. "And so in the military: Knowing the other and knowing oneself; In one hundred battles no danger. Not knowing the other and knowing oneself; One ...
- MickD replied Feb 9, 2008
I hear you there! I think you're right, if you can not be ready to take the small profitsfast, get out at BE straight away and insert a new scout (only if it was wrong timing though, not wrong direction!) when PA settles down, this brings all of you ...
- MickD replied Feb 9, 2008
Hi Northpro, what I have noticed with attack - as with rescue - is that if you are in rescue mode you want to keep your BE or base price close as PA allows, when in attack I think it is better to keep it further away to give you room to let the ...
- MickD replied Feb 7, 2008
Hi NP, I jumped on at 155.60 earlier today (for me), I sat patiently to wait for confirmation I was going the right way and price went down to 155.24. Again I waited for PA to either pull back, which it did then I was still waiting for the the price ...
- MickD replied Feb 7, 2008
Glad to hear you're ok then! Stay well, Mick.
- MickD replied Feb 7, 2008
Hi stewrigh, I'm assuming that the difference is still the question? The real difference is in a Martingale strategy you just keep adding to your positions at interval regardless of price action whereas with rescue it is calculated and based on ...
- MickD replied Feb 6, 2008
Nice one! I got out even by the skin of my teeth! I had some work to do but I'm short again now with a scout. My problem has been pulling the trigger to early when adding troops, I have finally understood why it's good to let the scout get way in ...
- MickD replied Feb 6, 2008
Thanks NP, I thought so just having a quick look at the math, just wanted to make sure cheers, Mick. PS, did you take advantage <edit> on the return of the sweep up?? I was watching PA and closed my short pos and am now long (and in rescue ) ...