MO is talking about sizing a position from the M5 trading it and closing out 93% of the profit and that would/should equate to being sized according to the monthly lines...
Do yourself a favor, place the lines indy that MO and salez have crafted... Measure risk on the M5 and compares it with the risk measurement/lot size the indy expresses in a monthly chart and you'll see...
It's all about how you size yourself (and add to size) in terms of how long you wish to hold the trade for...
At least that is my understanding of the conversation...
That is correct.
If you press twice on the M5, from $30 to $50/line, then you simply reduce to the monthly pressed twice and that is $50 per line.
If you gain 4 lines in one period/pair then you have 4 lines in another period/pair.
If you pull up a monthly chart and count the number of lines that are running through the bars then you will see that it is only 4 or 5 lines
& that $30 x 5 is only $150.
You may be inclined to think that it is not worth your time, and you would be right, but it is a monthly chart so how much time could you possibly be wasting?
$30 x 5 = $150, but $30 pressed to $100/line (+2 +2 +2 +4 +4 micro) x 5 is $500+.
$500 x 3 pairs is $1500/line
Maybe next month you average 9 lines and bring in $13,500...
you just doubled up using a total of 6 mini lots and all that you had to do was not close the entire trade and occasionally add two micro lots (scary, I know!).
If you wanted to trade the pair more actively then you might reduce and trade the H4 and then pick up another M5 trade.
Space Wars is simple, once you see it you cannot unsee it