The ideas that I trade by:

[MightyOne]

Course 2 is about scripts, scripts, & scripts...

I really want to move on to indicators

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[abc]

Thanku Mighty for last answer.

Could you be so kind and would you explain to us a positioning art one more time on the way to the top on added picture ?

Regards
.

[MightyOne]

Thanku Mighty for last answer.

Could you be so kind and would you explain to us a positioning art one more time on the way to the top on added picture ?

Regards
.

1) Back your space to a 2+ day extreme.
2) use the smallest space possible (35, 39, 43, 47, ...) from said extreme
3) enter at any price within space
4) the moment you feel comfortable with a new stop that is half way between
your stop and the current price you should DOUBLE your position size and halve your space.

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[abc]

Thanks, but MO we should not move the blue square in place of the red?
It seems more logical.
The next question to you MightyOne.
When we roll the stop lose and when we come to the end of the range, we should liquidate the position manually? or entrust happiness and wait until it changes the picture (we lose some profit) or shoot our way making us even happier?

And another quick question.
Playing from 2 + daily extreme what time you used? 5 minute candles mentioned on the previous page?

[MightyOne]

Thanks, but MO we should not move the blue square in place of the red?
It seems more logical.
The next question to you MightyOne.
When we roll the stop lose and when we come to the end of the range, we should liquidate the position manually? or entrust happiness and wait until it changes the picture (we lose some profit) or shoot our way making us even happier?

And another quick question.
Playing from 2 + daily extreme what time you used? 5 minute candles mentioned on the previous page?

I am not sure what you are asking, red is a sell zone and blue is a buy zone.

I know that it is hard at first to understand but I do not "trade for pips".

I simply initiate a trade and increase my unit size at least once and then look for an exit; I am not trying
to capture whole moves.
As soon as I reach a dollar "waypoint" I liquidate my trades and reset my unit size to the minimum unit size
for that account balance; space is also returned to no greater than 40 pips & the excess is banked.

Let's say that I had $1.000 and my goal was to get to $1.212:

My initial unit size would be $0.20 & it would appear that I need 1060 pips, but what happens
when I accumulate to $2.70/pip? Now I only need 78.5 pips to make $212, a big difference!
What about if I accumulate to $5.40/pip? Just over 39 pips is $212...pips don't matter, SIZE is
everything.

If my maximum initial risk, the complete destruction of space, is $8 (0.8%) & my reward is $212 (21.2%)
then my R/R ratio is 26.5:1.
If it were possible to risk $0.80 (0.08%) then the R/R ratio would jump to 265:1!

But don't let small initial unit sizes fool you, they grow quickly:
2, 3, 6, 9, 18, 27, 54, 81, 162, ...
or
2, 4, 6, 12, 18, 36, 54, 108, 162, ...

Again, I liquidate after SIZE goals or according to account BALANCE:

1) Accumulate until the %target is within reach of the daily range.
2) Position yourself one last time at the long term extreme.
3) Liquidate at the %target.
4) reset your space to 40 & re-size your units for the new account balance.

If you want to hold for the larger move then do it with 20 or 30 cents
then you will have more initial space &/or size for your next trade without
the chance of giving back what you have made.

Once the next target of $1.468 is reached then each unit is now 30 cents:

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[MightyOne]

And another quick question.
Playing from 2 + daily extreme what time you used? 5 minute candles mentioned on the previous page?

I will watch H1, M30, & D1 then drop down to something like M5 exchanging either the H1 or M30 chart, yes.

[abc]

Mighty
I think I understand what you mean .. And at least I think so.

Referring to your table.

The main assumption
Price moves between extremes.
Once we know this, we use the fact that the price is doing always the same thing in all time frames.

That's why we play from at least 2 + Daily extreme to have a time/be able to make an attack plan. Bearing in mind that earlier there was a planned way in the opposite direction.

Most people played only one order within range. Let say 25p SL it's 1%. And they win 100p/4%.But we know the main direction of price action and the fact that Price moves in waves, We have planned our route based on the story, and every time when the price hit our mini checkpoint, we exit and invest the profit in another order in the direction of big chart. In this way, investing our 1% from the beginning we are able to multiply the end result the same route with the big picture.

Maybe i will make picture to better present what I mean

[MightyOne]

...Most people played only one order within range. Let say 25p SL it's 1%. And they win 100p/4%...

I only look at 2 numbers:

1) what I have at risk
2) what I am targeting

Profit is just "space", a means to an end, all eyes are on the goal

[MightyOne]

KETO POST

I need to improve my diet, I can't just eat eggs & burgers every freekin day

My first thought was to acquire a lady-friend & have her prove her worth in the kitchen
but then I remembered how each time it threw my psychology off balance resulting in a spiral of
poor decisions

So I opted instead for a Wolfgang Puck pressure oven

[abc]

a good opportunity, the transaction of daily extreme,
Fast motion, I would not know how to make double on it.
Some theoretical suggestions?

Cook rice and chicken breast, tasty, cheap and fast