MightyOne wrote:Who knows what is going to happen over the short-term?
Price could spike up 32 pips or it could spike down 32 pips, it can have an impact of -32 pips or it can have an impact of -4.
Do you really care about 32 pips gained at small size?
The time to care about 32 pips is when your position size is LARGE!
In the beginning you simply "scalp" pips with 8 = 1 macros.
As you gain OPM you shrink the boxes to 4 =1, 2 = 1, and finally 1 = 1 & you are making those 32 pips WHEN the pips matter.
You have 5 macros to play with, the same impact as 5 pips on a small chart, that is plenty of space to get the job done.
If you lose a few macros then so what? Do you cry when you lose 2 pips? Of course not!
I like how you put the boxes on the chart. Reminds me of Renko.