TheRumpledOne wrote:What indicator are you using to draw your levels?
I use the EIGHTSv4 indicator.
EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.
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TheRumpledOne wrote:What indicator are you using to draw your levels?
MightyOne wrote:TheRumpledOne wrote:Hey MO:
Did you get my latest email?
TRO wrote:...
What are the reasons you would enter long?
What are the reasons you would enter short?
It is easy to see but difficult to explain, TRO.
Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.
I use a 3.5 line stop loss:
if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.
EURUSD_BAR.png
Jalarupa wrote:
Hey MO,
When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?
MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.
I use a 3.5 line stop loss:
if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.
EURUSD_BAR.png
Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...
MightyOne wrote:TheRumpledOne wrote:What indicator are you using to draw your levels?
I use the EIGHTSv4 indicator.
EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.
TheRumpledOne wrote:
As usual, I can't figure out what you're doing and why!!
Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!!