Alan88 wrote:MO by saying 'trade small charts with small size and large charts with large size' you mean lot size or space size?
The idea is to max out your lot size for a large move, not to remain a slave to short term volatility.
So trade small charts for space and large charts for profit.
xXx wrote:By double do you mean the lot size?
Could you show an example on a chart please?
What about catching the weekly+?
I gave an example of the USDCHF short not even two pages ago
If you have a $1000 account then you start by going short 5 micro (assuming 9-11 cent pips) then immediately look to double your lot size to 10 micro.
When you double your size you are only thinking about where your stop loss will move to (your space is halved) & if that is a good short term location.
After your size is doubled we train your ability to pull the trigger once more by having you increase your size by 50% to 15 micro & again cut space by half securing a small profit.
Lastly we complete our first leg by liquidating and strengthening our position by moving it back up to a 2+ day extreme.
The cycle is repeated until you find yourself maxed out riding a large chart.
If you have the balls to do this then you will be greatly rewarded