Excellent video. Sure is the truth!
thanks for sharing
doji
Moderator: moderators
MightyOne wrote:bettlebox wrote:Thanks MO This is very helpful. I appreciate it.
2 loose ends "pin cushion & 40% Max rule"
does pin cushion related to "00" levels or adjusted lot size space(step 2)?
and same question for 40%
does the 40% max line relate to "00" levels or adjusted lot size space(step 2)?
BB
Two different systems.
IF/THEN & the 40% rule were used when space was traded with the rectangle tool.
All entries were taken from what is now the 04 line:
These ideas are just not compatible with the fib tool (price retraces to large lot sizes, you enter, oh wait...40% rule is broken)
Now we use:
A stop at 00
A partial stop when increasing size on a BO
& partial TP while accumulating:
6/9, 9/7, 7/10, 10/8, etc
MightyOne wrote:I probably could have worded it better
When you increase your lot size such that your position is weakened (it starts to trail) then use a partial stop; but do not liquidate so much that you are not accumulating:
6/9
9/7 <-- 7 is greater than 6 so you are accumulating.