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spa
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Postby spa » Mon Jan 10, 2011 9:55 pm

aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out

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newark18
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Postby newark18 » Mon Jan 10, 2011 10:29 pm

Phew, this took a lot more brain power than I originally expected. For some reason, I couldn't use MO's version only because I like to see actual numbers (i.e., entry price, current price, average price, and etc.). But, obviously, this is based entirely on MO's concepts. I hope this is useful to someone. This is probably both good and bad and probably not what you think it is. ;)

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PebbleTrader
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Postby PebbleTrader » Mon Jan 10, 2011 10:39 pm

this took a lot more brain power than I originally expected


:lol:

Could you either add a comment for some of your column headings or post a reply with a description of what that column means/is used for?

Thanks for sharing
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Postby aliassmith » Mon Jan 10, 2011 11:05 pm

spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)
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aliassmith
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Postby aliassmith » Tue Jan 11, 2011 1:22 am

aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand


H4 closed below my line in the sand. Need to take another look maybe I am
doing something wrong. I am preserving my account at least.
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MightyOne
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Postby MightyOne » Tue Jan 11, 2011 4:59 am

aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:
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MightyOne
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Postby MightyOne » Tue Jan 11, 2011 5:09 am

:shock: The basics of proper box sizing:
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rushN4
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Postby rushN4 » Tue Jan 11, 2011 11:56 am

MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?
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MightyOne
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Postby MightyOne » Tue Jan 11, 2011 7:31 pm

rushN4 wrote:
MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?


You don't "calculate" 1/3, you attempt to make sure there is space to work with even if you are wrong; you don't want to drop from 7 lots to 4 just because you have so little space left that a 75% expansion is required.

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bredin
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Postby bredin » Tue Jan 11, 2011 7:50 pm

rushN4 wrote:
MightyOne wrote:
aliassmith wrote:
spa wrote:
aliassmith wrote:My H1 closed below my previous line in the sand.
Opened new trade 3 lot/45 pips and now at 3 lots/100 pips.
LiS = Line in Sand

obviously your choice.. why not use the ZL just pips lower? it just jumps out


Very true that is probably a better place for the line in the sand. I was just
going by MightyOne's post about 40% retrace. I think I will change it thou. :)


40% MAXIMUM[s]

Please don't move ahead, there is more to talk about in this thread :wink:



Ok it looks like you scan the chart for the biggest candles on the chart and use the average range to calculate the Box. Correct? (+1/3)

What i dont understand is where comes this 1/3 from?
how do i calculate the 1/3?


Looks to me like its ensuring that a single candle cant wipe out your position, giving time to reassess and adjust lots.

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