Tri Pips Notes

Tri Pips Strategies What do we need to trade? Momentum and Direction!

3 pips, 3 ways to do it, 3 days a week (just kidding, you can do it 5 days a week) Tri Pips 1: Tri Pips Advanced Hopper 1 minute chart MACD settings 12, 39, 9 MACD Line leads histogram. Histogram touching the 2’s means we have a tradeable market. Buy/Sell when MACD Line crosses over 2s or 5s, preferably with histo reaching for 2s. Buy/Sell again on Trigger when trend ensues. Do not take more than 2 to 3 trades on a “trend”. The workhorse – You get a lot more trades, but you have to work for it. A Hopper strategy from the 1 min charts using good sense we learned from Hopper Trading. Macd cross over zero, Trigger Finger up, Trigger Finger down, pay attention to histogram. Tri pips 2: Trigger Finger 1 minute charts MACD settings 12, 130, 15 When MACD Lines above 2, buy every Trigger Finger up. When MACD Lines below -2, sell every Trigger Finger down. More extreme settings produce fewer setups. Close with +3 or close when opposite trigger. You may want to use a stop loss because sometimes it fails. You can use a trigger close if you think the market will be trending. Avoid during sideways flat market, flat MACD. Tri Pips 3: Pure Hopper MACD Settings: 12, 200, 15 Take every Hopper for 3 pips. Stop loss when MACD Line goes back over zero. Avoid the sideways market/flat MACD. Few trades, terrible “R:R”, very fun to trade. Review the MACD: MACD settings: 12, 39, 9 Think of it as a fast line and a slow line which we can’t see, and a line that represents the difference between the two. We want to see Direction lead Momentum, not the other way around. ML leads histo.

Histo hits .0002 and typically starts to fade. Doesn’t mean price will fade, it simply means momentum is pausing. Trade when direction is on: 1. MACD line has gone up over 2, momentum has gone up and touched 2. 2. Macd Line has recently been up over 5. 3. Price is moving in an upward pattern. Open out chart to check. 4. Use 50 and 100 SMAs to judge overall market direction. When price above lines, direction is up. When price below lines, direction is down. When price in between lines, direction is flat. Momentum is up: Looking for buys Momentum is down: Looking for sells Momentum is flat, stop trading. Money Management Discussion: Q/A How do you make money trading? You trade with an amount that matters, and you trade

thoughtfully. Trade well now. Don’t think you will trade well later. How do you lose money trading? Trade with an amount that doesn’t matter. Use a Risk:Reward you think is “safe” and then trade carelessly. Think you will get better at trading later. How much should I trade with? Less than you have. If you have $10,000 to trade with, then trade with $2,000 at a time. What Risk:Reward is acceptable? How do I contain risk? Risk:Reward is bullshit. There is no such thing. If there was such a thing as “good R:R ratio” then all those people would be billionaires. What is the win percentage? Win percentage for me has nothing to do with win percentage for you. You trade to win. Period. How often should I trade? Any day, Monday through Friday. I recommend active trading sessions for short-term trading. When should I withdraw money? If you trade with $2,000, withdraw all profits at the end of the week, and keep $2,000 in your account. WITHDRAW ALL PROFITS EVERY WEEK. If you don’t, you will lose them later. Every trader decides for himself. Practice your strategy before applying live funds. Make it matter, and you’ll be more careful. Make it “safer” and you’ll be more careless. Trade with one fifth of your available funds. Why? Because you don’t have to put it all out there. You want to do this for the rest of your life, right? Do it right. $2000 account $10/pip MAXIMUM CUT OFF 20 pips. $200. 10% of my account.

Profit: 3 pips. $30 Alternatively: Maximum risk of 5%. Maximum risk determines trade size. My maximum loss for short-term trading is -20 pips, but I try like mad to never let it run that far against me. Stop Loss: Close when opposite Trigger Close when MACD Line goes back over 0. Close at -20 pips Stop trading after you lose 20. Take yourself out. Jennifer’s Motto: Trade until you make some money, then stop trading. Most people trade until they lose all their money. Then they stop trading. Don’t do that.