The ideas that I trade by:

[newscalper]

This is just a punt on my trial account.

[bettlebox]

I finially get it thanks arkan , a sliding fib tool based of amount space you are trading with.

That one simple description clicked it.

BB

[newscalper]

And out, hourly candle closed across line. Intial space 30 pips, now reduced to 10. So to use 30 pips space on next punt = 10/30 x 0.01 lots

[dojirock]

Karma,

No, i dont understand....but I will get there.....lol

I have a major intelligence mental block when it comes to this space thing.

[MightyOne]

This will probably come off over simplified

but rather than going down lots, I prefer to use an initial lot size (very minimal) and focus on expanding gradually

some of these levels are unnecessary and redundant but I keep them all in focus in case I miss one or think it doesn't look favorable

I would really love some input from MightyOne

I'm not sure I'm entirely in a position to be teaching just yet

You don't really go down in lot size, you go down in space.

Space is sized to the min. 04 units.

In my example, where I liquidate at my last 10 pips, I calculate it
say (12/4) * 10 because that is the size of my space when I return to trade.
In that 30 pip space I am going to have opportunities to buy at 5, 6, 8, or even 12 units (if you need more than 30 space you could always borrow another half a percent or 12.5 pips).

12 lots consumes more space than 04 lots so after a very short while there is a disconnect between what you are seeing on the chart and why you are placing new orders.

The other traders must balance their gains and losses where in your case you can set pips on fire and place orders in the name of greed.

The only rules are:

1) Strong position or stronger

2) Max out your lots quickly and safely

3) Strong position or stronger

Position, Lot Size, Expansion

I see a lot of these guys ignoring Position...I might have to underline it or something (who said trading is nothing like poker).

I prefer to make small adjustments with partial stops/TP rather then use a close all IF/THEN method.

IF/THEN is still a useful tool for working out which way price is going.

[dojirock]

Bare with me guys....

In this pic...new account $1000
risk 10 percent
100 pips of space at $1.00 per pip

the box is visual of 100 pips of space...

now the questions...as you can see i have a limit buy with a 20 pip stop...
how do i know where to put the the space box if you will, and the fib thing, from the 0 to the 100 percent..is it a total of different size lots equaling my total risk?

[Karma]

hello Karma, please, could you show a trade in wich you start lossing 2 times and later you win, for to see how use the space ?
Thanks....

Forgive me Arkan

but I truly think you should read Espip's thread:
http://kreslik.com/forums/viewtopic.php?t=2981


and if you haven't already,
I would suggest a great deal of Never Lose Again:
http://kreslik.com/forums/viewtopic.php?t=1373


I know it may seem daunting, but I assure you... I read it already


P.s: just skip any post from Prochargedmopar

I don't know what zlines or momo or dragon lines are. It's a waste of energy to label things, it clouds understanding

[MightyOne]

[MightyOne]

What is with the anti-PRO movement these days?

Maybe I missed a post or two

[MightyOne]

Bare with me guys....

In this pic...new account $1000
risk 10 percent
100 pips of space at $1.00 per pip

the box is visual of 100 pips of space...

now the questions...as you can see i have a limit buy with a 20 pip stop...
how do i know where to put the the space box if you will, and the fib thing, from the 0 to the 100 percent..is it a total of different size lots equaling my total risk?

I can only tell you how I do it (not that anyone listens)

00 is a weekly+ extreme (9 days in my case).

It is pretty much the same style as TRO:

Price is within range of your space (which is linked to a long term position at 00)

There is a green candle, there is a red candle... just kidding, it doesn't matter what signal you use to actually enter.

If the fibo tells you that you can trade 08 units then trade 08 units (if 06 units then 06 etc)

it is as simple as that.

Both your long term and short term trades have long term position.

Scalp if you wish but know that you CAN hold because your stop is always at the same place as a long term trader.