buffalo wrote:BambinoFlex wrote:aliassmith wrote:
Sorry man. I don't recall anything about eights . I know it exists but I would need a refresher course. BTW don't ask about the diamond of perception either. I going to assume MO was on acid when he went over that.
Ah okay, it’s cool…what the…Diamond of perception lol I did a quick search and…yeah….that’s something else
From my understanding is that eights is a money management for line trading. say you have 8 lines worth $25 (A $200 box). you want the lines to be worth more so you double the value of the lines and half the amount of lines you have, now you have 4 lines worth $50 each. box is still worth $200.
Now the "risk box" is more or less your catastrophic stop loss. example, your trading eur/usd with a 80 pip stop loss. but you manually get out if price closes 8 pips against you. In this example you have an 8 line risk box (80 pips) and you just lost 1 line (8 pips).
My main question is if it's a fixed grid. Meaning that the lines are spaced equally or if they're dynamic depending on HATR fluctuations.