Jalarupa wrote:

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Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...

Thank you MO for taking the time to instruct me This is called macro

SCALPING for a reason.

If we are not risking less than we would if trading for micro pips then what are we even doing?

1) Select an option based on your average stop loss; if 3 lines then select 1% over 3:

(.01 / 6)3000 = $5.00 <--- 5% over 30

(.01 / 5)3000 = $6.00 <---5% over 25

(.01 / 4)3000 = $7.50 <--- 5% over 20

(.01 / 3)3000 = $10.00 <--- 5% over 15

(.01 / 2)3000 = $15.00 <--- 5% over 10

(.01 / 1.5)3000 = $20.00 <---5% over 7.5 lines.

Am I risking 5% on each trade at a full stop of 3 Lines? - cause that is what I am getting out of the equation...Macro Level & Stop Loss in Lines:

01) 6 to 8

02) 5 to 6

03) 4 to 5

04) 4 to 5

06) 3 to 4

08) 3 to 4

12) 2 to 3

16) 2 to 3

24) 1.5 to 2

32) 1.5 to 2

Is the above the same as saying Lines / Risk Amount? 3) Space the lines based on the weekly median range and the number of lines that you are targeting:

You can expect the current weekly range to fall within 62.5 to 137.5% of the median range

If the median is 230 pips then that gives you a weekly price range of 143.75 to 316.25 pips.

If you decide to trade 14s then there are 16 lines available or a range of 10 to 22 lines.

If you decide to risk 1% over 2 pips

(Macro Pips of 10 Micro Pips Each?) then you would divide $15 by 14 and risk 1.07/pip,

So this is your initial lot size? .... or what is that and how do I get there? ... what am I risking to get what, I guess is what I am asking? $15 per line.

Scaling out/in is simply a mid trade widening or narrowing of the spacing of the lines, it is just a speed dial.

Is there anyway to narrow the spacing lines (I'm sure the equation is already above just want to check) by entering another trade? or do I liquidate and reenter with a lower lot size based off of the equation? - Just trying to understand how admin intensive this method is?Whatever happened to halving size to increase space? I guess what I am asking for is a lesson in practical application... Using the Indicator ... and doing the math on the fly... Thank you so much for your time... and if anyone else feels like they can help please PM me... I don't want to derail this thread

Thank you!Its really not for want of trying to understand...