newscalper wrote:All this says to me is that the bigger the retrace the larger the position you can put on for the same % risk. Box is sized on last swing?
The only thing that always puzzles me is that price cannot be 'allowed' to reach your position. Price goes where price goes I don't think you can allow it to do anything or not
The box is simply your space at 4 lots; if you want a smaller box then risk less.
The size of the box determines your maximum time frame.
Position moves away from the current price when you reduce your lot size.
If your position is at the weekly low extreme, you reduce your lot size, & then liquidate at the low extreme then you have stopped price from reaching your true position.