MightyOne wrote:Weekly+ means to weekly and beyond!
Sorry, I had a Buzz Lightyear moment...
This is how easy it is:
I) the chart that I am trading IS THE 7 MINUTE!
II) my position just happens to be the WEEKLY+ extreme
--->FOR EVERY TRADE<---
I am looking to the 7 minute for the trade & I am looking to the weekly+ for position.
How is this done?
I) I draw my space from the extreme
II) I see a reason to enter on the 7 minute chart
III) I enter a limit order on one of the retracement lines or place
a market order for x lots prior to the breakout of said line.
Kewl, I'm in a trade...now what?
I) I look to take profit and reenter for more lots at a higher(?) price
II) I might trade to the higher(?) price for a better position or an even greater number of lots.
III) I keep the goal in mind: a LARGE position PRIOR to the weekly+ expansion.
There is no VooDoo, there are only 3 steps:
II) Lot Size
repeat until your eyes bleed.
"I) I draw my space from the extreme"
MO, can you show me from witch point you drew your space today?
With a cherry on top