TheRumpledOne wrote:There is something I just do not "get" here.
What difference does it make how you calculate horizontal line placement when you are making a grid?
There's something "simple" that I am missing, not seeing, not understanding...
When price moves in my direction, I make the same amount of money and the lines make no difference.
10 pips is 10 pips.
Because each line is a percentage of the weekly median movement of a pair, I do not have to worry about strong vs weak pairs or fast vs slow movers as my account is impacted equally no matter which pair I use; I can truly say that "a chart is a chart".
The EURUSD is using a range of 204.2 and a space of 3.7
The GBPAUD is using a range of 484 and a space of 8.7
The USDZAR is using a range of 5555.6 and a space of 100
Each pair roughly makes $100 per 1/55 of its median weekly range.
What if one wants to move from EURUSD M5 to GBPAUD D1?
If one takes multiple losses on GBPAUD can he make it up on EURUSD?
Keep in mind that I am not a scalper and that my solutions are not intended for scalpers.