Snowballing On The Corrective Waves (A Complete Trading System) - Page 2
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Thread: Snowballing On The Corrective Waves (A Complete Trading System)

  1. #11
    It is definitely an impressive instrument.
    But what is exactly your snowballing concept?
    Regards

  2. #12
    Dear friends, I wish to say thank you for your participation, you have to believe me, the topics are very many and I am sure that I can count on your help...

    Once again I apologize for my horrible English!

    Regards, .

  3. #13
    Quote Originally Posted by ;
    It's certainly an impressive instrument to envisage the fad.
    But what's exactly your snowballing idea?
    Regards
    Hello Madscalp, the idea of snowballing is equal to the idea of Adding Units...
    clearly there are lots of systems which use this methodology, in this specific case we're likely to utilize the excellent technique shared by Mr. Spieler, as I said this is not the only system but surely among the best!

  4. #14
    What we need to work:
    - Broker Prerequisites: leverage available 1:400/Accoun Types: mini and micro accounts (the chance to trade micro lots will be useful to people if we choose to trade the hedge rather than taking an immediate position in EURCHF, this is a discretionary choice, even if in fact is not quite the exact same thing, but if we choose to perform trade the hedge then we need to utilize a neutral position. For example: Lots Ratio 0.10 EurUsd/0.13 UsdChf)_
    - Available Balance: is not advisable to work with an initial balance less than 5.000 $.
    At this point we would highlight the significance of standing sizing: My approach utilized a volatility-based constant proportion risk standing
    sizing algorithm. Position sizing is one of the most significant but least understood components
    of any trading system.
    Algorithm: 1 percent of Account ATR(14)Daily * Price
    - I prefer not to attach the chart I use with this system, because it could shift the attention on indiors (I'd like to stress that all the indiors that I use do not have the task of providing signs, but merely to provide a better overview particularly in times of market unrest)

  5. #15
    Probably a few of you will have identified the error in the H1 chart...

  6. #16
    Quote Originally Posted by ;
    - The only way to manage a win and a loss position is by dimension snowballing.
    There isn't any other way. One raises the profitabilty bottom line and the other a recovery routine. The MO you may find in Art of War.
    This is a capital match, therefore no alternative are possible.
    The relativity of this size snowball is important that over-extension in percent counts can kill the biggest fish in water.
    ...
    you can at least mention in where its accepted... the snowballing although a great instrument, its never to be utilized without a full comprehension of the idea...

  7. #17
    Quote Originally Posted by ;
    you can at least mention from where its accepted... the snowballing although a fantastic tool, its not to be used without a complete understanding of the idea...
    I believe I've stressed several times that the condition needed to continue reading the next thread would be the complete understanding of this Spieler's Trading System!

    The Elements of a Complete SystemMarkets - Things to buy or sell
    Position Sizing - How much to buy or sell
    Entries - When to buy or sell
    Stops - When to Escape a losing place
    Exits - When to Escape a winning place
    Approaches - How to buy or sell
    Well, the objective of this thread would be that to combine the superb technique shared with Mr. Spieler (https://www.forexsoutheast.asia/fore...ring-pips.html) with the Elliott wave theory in order to obtain a greater operational security through a system whose only limitation is that of exposure to large DD in the event of a huge trend moove...

    Each of the components listed above have been explained in detail by Mr. Spieler, then that is the starting point and you want to familiarize yourself with this methodology before you continue reading this thread!!!


    Regards, .

  8. #18
    The system works like this: (the principles apply the exact same for reverse situation)

    After we've established the probable impliions (bullish or bearish) of the market through the analysis of elliott waves, assume a bullish impliion as at this time... then whenever EurChf show a negative divergence versus the previous day close We place our buy order (trading the Dollar, EurUsd/UsdChf, harnessing their comparative correlation or taking a direct place in EurChf) managing rankings by dimension snowballing following the principles of the table below, taking into account the volatility and strain of the market as may be required to delay our activity...

    1lot -0.25( or even 0.25 of course) -- Exit half at 0.00, other half near 0.25
    lot 2 -0.25 -- Exit on 0.25 pb/ re-enter at -0.50 from preceding exit
    lot 3 -0.25 -- Exit on 0.25 pb / re-enter at -0.50 from preceding exit
    lot 4 -0.50 exit 0.25 pull back (pb) - re-enter at -0.50 from preceding exit Note: Should first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50 Exit on -0.50 not -0.25and re-enter on -1.0 from preceding exit
    lot 5 -0.50 exit 0.25pb -- re-enter at -0.50 from preceding exit
    lot 6 -1 exit 0.50 pb -- re-enter at -1.00 from preceding exit
    lot 7 -1 exit 0.50 pb -- re-enter at -1.00 from preceding exit
    lot 8 -2 exit 1 pb -- re-enter at -2.00 from preceding exit
    lot 9 -2 exit 1 pb -- re-enter at -2.00 from preceding exit
    lot10 -3% double lots exit 2pb - -- No re-entry, only wait until pb


    For many entries and re-entries involving moves of /- 0.25% or /-0.50%, constantly wait for intraday move from last entry/ exit or from the daily close with which ever is the furthest away. (Conservative Approach)

    For many entries and re-entries involving moves of /- 1.0% or greater, always enter only from last entrance / exit point.

    Math Calculation of the Divergence Utilizing Price Levels:

    0,25% = Price Level * 100,25%
    - 0,25% = Price Level * 99,75%
    0,50% = Price Level * 100,50%
    - 0,50% = Price Level * 99,50%
    0,75% = Price Level * 100,75%
    - 0,75% = Price Level * 99,25%
    1,0% = Price Level * 101 percent
    - 1,0% = Price Level * 99%
    1,25% = Price Level * 101,25%
    - 1,25% = Price Level * 98,75%...

    ** Here we do not have the time to reevaluate the Spieler's System, and also this is not the place...



  9. #19
    Quote Originally Posted by ;
    I think I have stressed several times that the condition needed to keep on studying the next thread is your complete comprehension of this Spieler's Trading System!

    [I][font=Verdana]- The only way to manage a win and a loss position is by size snowballing.
    There is no other way. One raises the profitabilty bottom line and the other a recovery protocol. The MO you may discover in Art...
    im not interested in the system, I said u should mention where this excerpt is taken from ('s thread), snowballing needs a suitable comprehension and studying the ribbon is the only way to get some bit comprehension of the concept and MO...

  10. #20
    Quote Originally Posted by ;
    im not considering the system, I said u should mention in which this excerpt is obtained from ('s thread), snowballing needs a proper comprehension and reading the ribbon is the only method to acquire some bit comprehension of the concept and MO...
    Of course, the step was removed from a passing of FTI's Thread, but you're wrong once you say that I have not mentioned the origin (although this would not be a problem, a valid concept remains always a valid concept!!!) ... In any case I referred to this in the thread said here a few times!

    I'd add that the concept of the snowballing isn't a recent invention but it is part of a wider strategy to trading, it might be erroneous to think of this concept as a theory with an unique development...
    Perhaps you referring specifically to the use of the word rather than the concept that conveys but this makes no difference!

    Regards.

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