How to be a MOnster

[MightyOne]

Just as an example, Mira: your first entry would be for $20/line with a stop at 00, your second entry would bump it to $30/line and you would leave your stop right where it is, once you get past 3 units then after each additional entry ($40, $50, $60, ...) you simply drop your stop 25% closer to the current price.

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[Mira]

Just as an example, Mira: your first entry would be for $20/line with a stop at 00, your second entry would bump it to $30/line and you would leave your stop right where it is, once you get past 3 units then after each additional entry ($40, $50, $60, ...) you simply drop your stop 25% closer to the current price.

GBPUSDM30.png

Thank you MO!

I always want to double but it reduces space too much, i need to plan where I want my position before!
Tonight I'm going to download your Eights Indi version btw, mini charts are cool too but my monitor would be decimated

[MightyOne]

Thank you MO!

I always want to double but it reduces space too much, i need to plan where I want my position before!
Tonight I'm going to download your Eights Indi version btw, mini charts are cool too but my monitor would be decimated

There are only certain situations in which you double your size.

If the chart is large enough then you might double as price breaks the low pivot because the distance to the midpoint of the decline is a significant number of pips.
If you exit and price retraces to the midpoint then you can double down on the prev. move and keep your stop where you had it before.

Most of the time I would just increase my size by 1/3 and reduce my space by 25%.

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[Mira]

Thank you MO!

I always want to double but it reduces space too much, i need to plan where I want my position before!
Tonight I'm going to download your Eights Indi version btw, mini charts are cool too but my monitor would be decimated

There are only certain situations in which you double your size.

If the chart is large enough then you might double as price breaks the low pivot because the distance to the midpoint of the decline is a significant number of pips.
If you exit and price retraces to the midpoint then you can double down on the prev. move and keep your stop where you had it before.

Most of the time I would just increase my size by 1/3 and reduce my space by 25%.

for_Mira.png

Thank you MO!

i found a chart that could represent your examples:

IMG_0115.PNG (67.66 KiB) Viewed 2579 times

So could I "project" a hypothetical target If I define a midpoint?

[Mira]

IMG_0116.PNG (69.37 KiB) Viewed 2703 times

[MightyOne]

Thank you MO!

i found a chart that could represent your examples:

So could I "project" a hypothetical target If I define a midpoint?

Yes, the patterns do tend to be somewhat evenly spaced.

[Mira]

Thank you MO!

i found a chart that could represent your examples:

So could I "project" a hypothetical target If I define a midpoint?

Yes, the patterns do tend to be somewhat evenly spaced.

Thank you much MO!
This makes sense on ovals (Patterns&Breakouts) too.

[Mira]

Good one in the morning

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[MightyOne]

Good one in the morning

Very nice! Great trade, Mira!

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[MightyOne]

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