I don't think of a trade as an entry but as the placing of a stop loss and the normalization of risk; normalizing risk "trails" your stop loss and that is why I have said in the past that "trading is simply placing and trailing stops".
Lines spacing is based on a percentage of the weekly median range.
1.2% of the range for M1 charts
1.8% for M5 through H1 charts
3.6% for H4 charts
7.2% for Daily charts
14.4% for weekly charts
28.8% for Monthly charts.
The length of time that it takes for price to move through space, from one line to the other, determines the timeframe that you are trading;
like Point & Figure charting, the scale becomes the timeframe.
Space has two prices, the line above it and the line below it, & trades are triggered when price moves through space and touches a line.
EIGHTS strategy looks like this:
1.2% = $30
1.8% = $30
3.6% = $30
7.2% = $30
14.4% = $30
28.8% = $30
If you think that price will continue in a certain direction but you don't want to give profits back as fast as you have made them then you can move the trade to a larger scale; this will also release margin for buying and "pressing" other things.
There are no fast or slow moving pairs, every pair makes the same profit over a percentage of its own weekly range.
5 lines of profit is 5 lines of profit, you can resume your trade in any pair or period with 5 lines of OPM.
You could say that you are trading the weekly range 6 different ways as even the monthly chart can move through 3.5 lines per week.
The aggressive strategy looks like this:
1.2% = $50
28.8% = $1200
Trades are triggered when price moves through a small space and profit is taken when price moves through a large space.