The ideas that I trade by:

[MightyOne]

The bar chart has its own size and color inputs.

[Mira]

Thanks MO!

So my space will be dynamic and proportional to the range?

It looks great!
But how many lines i put at risk?

GBPNZDM15.png

This is the strategy that I use for the small charts (M5-H1):

1) Set your risk to .1% per line
2) Select an area that is two lines wide
3) Enter within the selected area; neither above nor below it.
4) If you feel that you should get out then get out or if you feel that you should take profit then take profit
5) if you are feeling confident or if you wondered if you should get out but decided to stay then keep adding size(price need not move).
5b) if you can not bring yourself to add size then get out!

If you follow this list then you shouldn't screw up too terribly.

[MightyOne]

Thanks MO!

So my space will be dynamic and proportional to the range?

Range and chart period.

Let's say that your total risk for a particular idea is 3 lines of the M5-H1 charts (lines are sized the same on "small charts") & that you ended up banking 2 lines of profit.

With 5 lines to work with, you could:
a) resume with 5 lines on the small charts
b) cut your position size in half to have 5 lines of space on the H4 chart
c) keep cutting your size in half to have 5 lines on the next largest chart
The risk and the profit per line remains the same.

There is nothing complicated about it, you put lines at risk and you take lines of profit.

[Mr. Hyde]

If you don't mind me asking, I know this is super old. But what is weight, hook, net and mirror psychology?

[MightyOne]

If you don't mind me asking, I know this is super old. But what is weight, hook, net and mirror psychology?

Everything has been refined and simplified to such an extent that if you learn the new you have mastered the old.

[Mr. Hyde]

If you don't mind me asking, I know this is super old. But what is weight, hook, net and mirror psychology?

Everything has been refined and simplified to such an extent that if you learn the new you have mastered the old.

Thank you for the reply

[MightyOne]

The picture has a wheat/tan background, white HLC bars, & steel blue HL bars.

This combination is M5 & M30

GBPNZDM5.png (31.21 KiB) Viewed 3950 times

This is M1 & M15

GBPNZDM1.png (38.79 KiB) Viewed 3950 times

[salezyakuku]

Still working how automate 15*. On left boom shakalaka... (Both automated).
15-8.png

Salezy, will you share this?

Yes, when it will drawn what I want to see.

Right now it is more funny tool and semiautomate but I working on it in free time.

Quo vadis? Last on first image is first on second image.

ac1.png (37.36 KiB) Viewed 3751 times

ac2.png (54.75 KiB) Viewed 3751 times

[TheRumpledOne]

Is there a manual for the EIGHTS indicator?

Can't figure it out.

[roctao]

Is there a manual for the EIGHTS indicator?

Can't figure it out.

Here you go TRO

Range and chart period.

Let's say that your total risk for a particular idea is 3 lines of the M5-H1 charts (lines are sized the same on "small charts") & that you ended up banking 2 lines of profit.

With 5 lines to work with, you could:
a) resume with 5 lines on the small charts
b) cut your position size in half to have 5 lines of space on the H4 chart
c) keep cutting your size in half to have 5 lines on the next largest chart
The risk and the profit per line remains the same.

There is nothing complicated about it, you put lines at risk and you take lines of profit.[/quote]