because this is it.
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
For precision freaks, lets see if this chart is helpful. Its from what i perceived from MO's chart.
1) it starts from 2 GOOD points, and give an angle. Applies to all timeframe. Angle = give a sense of momentum, since it measures pips/time. Watch the changes of these angles. With MO rules, we can anticipate change of angle and look for it.
2) The envelopes of equilibrium then gives the projection points. When price reaches these projection points = decision points. What are these points? they are usually WICK points of a bar.
3) For more precision, when price does overshoot the decision points esp at the max of a range eg m15 plus time sales, DO the TRIGGER and put on MO exit rules.
Why does price move like this?
