Postby dojirock » Thu Jan 06, 2022 6:25 pm
prochargedmopar wrote:dojirock wrote:prochargedmopar wrote:
At this point 2 H1 lines is all I'm willing to risk.
It appears you are risking 2 D1 lines??
Technically the same thing, but not from time standpoint.
Its an hourly chart, risking 1 line, not based on time, but momentum, to earn 2.
Screenshot 2022-01-06 072349.png
doji
50 pips for 100 pips?
I'm assuming you adjust that for pair volatility?
Not a set calculation. Its based on what I see the 'origin point' of momentum is and the amount of force of the momentum vs the momentum that its taking out. Statistically for me 1:2 risk/reward is part of my edge. While the 1:2 remains the same, the range is what varies.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"