MightyOne wrote:Libertarian wrote:Well this really brings back nightmares
First question I have, so the attached chart you marked up is the chart you are trading? In my post I was trading the D1, so I just want to be sure were talking about the same thing.
So you can start (your risk) on the MN if you feel so inclined and start to walk it down from there? You start high and as you gain OPM you can "walk it down" is that what you mean by that?
Also, what da fudge are the red Balls showing me. I'm married so I only know blue balls.
1. select a price level
2. attach two lines of risk
That is all that I am saying...
$200 divided into 8 lines of $25, 2 lines is 50 dollars spread over x * multiplier depending on the chart that you are trading.
If your lines are 10 pips wide and your price level is 1.5000 then your stop is at 1.5020
By 'walk it down' I simply mean that you move you price level down to 1.4090 and your stop to 1.5010
So how easy that is?
1. If you have 8 lines and you gain 3 then your line value moves up from $25 to (11/8)25
2. If you have 8 lines and you lose 3 lines then you have 5 lines of $25
If you want to recover 1 line then your line value is (5/6)25 and you have 6 lines of $20.833 or as close as you can get to that.
If after reducing your line value to $20.833 you gain 1 line then your new line value is (7/6)20.8333 or 6 lines of $24.305
If you manage your money well then you should go the whole year without losing what you initially put into the risk-box.
Therefore reducing the lines of the RB is like turning On the Turbo? It would be cool to study something for reversal strategies
I mean without gambling (too much)
Thanks MO!