MightyOne wrote:Sacrophage wrote:
... Manual only I missed the goal terribly.
Select three pairs to build a base: 30 + 30 + 30 = $90/line
then build your tower:
1) 40, 40, 40 = $120/line
2) 50, 50, 50 = $150/line
You might exit after price moves 2.5 lines on the H1 & then "catch" price within 2.5 lines on the H4, etc
You might use 1 line of H1 profit to take a weekly trade with a 1 line stop.
A line is a line, it has the same value between pairs and periods.
EDIT: also remember that you have more lines when you revert back to original size:
+2.5 lines at 50/line is 4.1667 lines at 30/line ---> (50/30)2.5
30 * 4.1667 = $125
50 * 2.50 = $125
Thanks Mighty - yes, I have been pondering the % of wkly median range since the P&F discussion some pages back. Especially with regard to multiple pairs, due to the relative aspect - a line is a line... As well, being based on wkly adds to stability of TP/SL - since the wkly % variance is much smaller than that of smaller TF's.