The ideas that I trade by:

[MightyOne]

Hi MO!
Thanks for what you and TRO did and still are doing.
Your teachings will live forever (and space wars is the BEST approach to trading i ever seen).
I know it's boring buuuut... i'm trying to draw the 15* angles and i still can't SEE.

Angles change when i scale the chart so i don't know if i'm drawing them in a right way.

Technical analysis is the art of drawing what you see in YOUR MIND, it is the manifestation of an idea, and there is more than one way to express it.

There are only two elements on the chart, congestion/pattern & trend/breakout, & simply learning to divide them (with lines) is the heart of all technical knowledge.

Mira.png (39.2 KiB) Viewed 3745 times

[MightyOne]

It is all the same...

AUDCADM5.png (40.6 KiB) Viewed 3737 times

[MightyOne]

Updated AUTO_MIDPOINT logic:

[MightyOne]

Each line on a monthly chart (28.8% of range) is 16 lines on a small chart (1.8% of range).

The bias-line simply separates long triggers from short triggers and it is based on the previous monthly and the current weekly bar.

If you can bring your position size up to a level where each of the 16 lines equals 1% and you target at least one monthly line then you might find yourself on a gravy-train.

The average monthly candle moves through 80+ lines, 20+ on even a small retracement

AUDCADMonthly.png (18.44 KiB) Viewed 3777 times

[TheRumpledOne]

Each line on a monthly chart (28.8% of range) is 16 lines on a small chart (1.8% of range).

The bias-line simply separates long triggers from short triggers and it is based on the previous monthly and the current weekly bar.

If you can bring your position size up to a level where each of the 16 lines equals 1% and you target at least one monthly line then you might find yourself on a gravy-train.

The average monthly candle moves through 80+ lines, 20+ on even a small retracement

AUDCADMonthly.png

Wish I understood this

[aliassmith]

Each line on a monthly chart (28.8% of range) is 16 lines on a small chart (1.8% of range).

The bias-line simply separates long triggers from short triggers and it is based on the previous monthly and the current weekly bar.

If you can bring your position size up to a level where each of the 16 lines equals 1% and you target at least one monthly line then you might find yourself on a gravy-train.

The average monthly candle moves through 80+ lines, 20+ on even a small retracement

AUDCADMonthly.png

Wish I understood this

Lets see MO took 28.8% of some monthly range, I'm not sure what method he used. Then he divided that 28.8% by 16 equal spaced horizontal lines which are worth 1.8% each.

So you risk 1or 2 small lines to make the trek over the 28.8% of the monthly. Which if I had to guess takes less than a month

[TheRumpledOne]

Each line on a monthly chart (28.8% of range) is 16 lines on a small chart (1.8% of range).

The bias-line simply separates long triggers from short triggers and it is based on the previous monthly and the current weekly bar.

If you can bring your position size up to a level where each of the 16 lines equals 1% and you target at least one monthly line then you might find yourself on a gravy-train.

The average monthly candle moves through 80+ lines, 20+ on even a small retracement

AUDCADMonthly.png

Wish I understood this

Lets see MO took 28.8% of some monthly range, I'm not sure what method he used. Then he divided that 28.8% by 16 equal spaced horizontal lines which are worth 1.8% each.

So you risk 1or 2 small lines to make the trek over the 28.8% of the monthly. Which if I had to guess takes less than a month

There is something I just do not "get" here.
What difference does it make how you calculate horizontal line placement when you are making a grid?
There's something "simple" that I am missing, not seeing, not understanding...
When price moves in my direction, I make the same amount of money and the lines make no difference.
10 pips is 10 pips.

[aliassmith]

Wish I understood this

Lets see MO took 28.8% of some monthly range, I'm not sure what method he used. Then he divided that 28.8% by 16 equal spaced horizontal lines which are worth 1.8% each.

So you risk 1or 2 small lines to make the trek over the 28.8% of the monthly. Which if I had to guess takes less than a month

There is something I just do not "get" here.
What difference does it make how you calculate horizontal line placement when you are making a grid?
There's something "simple" that I am missing, not seeing, not understanding...
When price moves in my direction, I make the same amount of money and the lines make no difference.
10 pips is 10 pips.

The only thing else I can says is...its only a tool TRO. MO is just saying price has a tendency to move this much and according to the tool here are some visual calculations.

[TheRumpledOne]

Lets see MO took 28.8% of some monthly range, I'm not sure what method he used. Then he divided that 28.8% by 16 equal spaced horizontal lines which are worth 1.8% each.

So you risk 1or 2 small lines to make the trek over the 28.8% of the monthly. Which if I had to guess takes less than a month

There is something I just do not "get" here.
What difference does it make how you calculate horizontal line placement when you are making a grid?
There's something "simple" that I am missing, not seeing, not understanding...
When price moves in my direction, I make the same amount of money and the lines make no difference.
10 pips is 10 pips.

The only thing else I can says is...its only a tool TRO. MO is just saying price has a tendency to move this much and according to the tool here are some visual calculations.

Ok, price moves X pips in a month.

[Mira]

So I need to adjust my position on a small chart line and then target a monthly one?
2 MN lines are 32*%risked (without adding lots)

There is something I just do not "get" here.
What difference does it make how you calculate horizontal line placement when you are making a grid?
There's something "simple" that I am missing, not seeing, not understanding...
When price moves in my direction, I make the same amount of money and the lines make no difference.
10 pips is 10 pips.

The only thing else I can says is...its only a tool TRO. MO is just saying price has a tendency to move this much and according to the tool here are some visual calculations.

Ok, price moves X pips in a month.