The risk-box itself does not have a line width.
If you make 3.5 lines then each line is 10(11.5/8) or $14.37 and if you lose 2 lines then you just have 6 lines of $14.37 and you can modify the lines and values however you wish...without going over 8: notice that the weekly line is 8 H1 lines and that 16/8 is 2 and that if you made 1 monthly line then that is 24/8 or 3x size (it's called EIGHTS for a reason).
You are not going to hold the H1 width for 1 MN line but that is the amount of space that you are working within to reach lot sizes that are worth holding when the large chart finally decides to move ($400 per monthly line (~$4.50/pip), not $10/line).
There is nothing wrong with stacking to $80/line, taking 1 line of $80 and turning it into 1.25 lines of $64, and then taking a single-line-zone breakout trade at weekly/monthly line widths: if you make 1.25 lines of $64 then that is 8 lines of $10 or the sum of your initial risk that you can now set aside.
The larger your line value the wider your minimum width: you are not going to trade $400 per H1 line because if price jumps up 25 lines then you've lost $6800 when your total risk should have been $80. If you are sized to the weekly line widths then 25 H1 lines is -3.125 weekly lines and you still have 4.875 lines of $400.
Leverage is a mighty weapon in the hands of a skilled warrior.
The ideas that I trade by:
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Re: The ideas that I trade by:
CMIIW, the risk box/ eight line is risk we can toy around it, we have 8 line before and make more line (3.5 line), it got add to the 8 line or however we want it if we want to use 6 line it got to (11.5/6)*line value, if we have 8 line before destroy 6 line and still want to go we can go to (2/8)*line value, we only got lost after all the line are used or cannot be used (too small)??
i'm seeing the similarity with space box like before but different approach
can you give an example application on price chart please? with step by step explanation if possible
Thanks
i'm seeing the similarity with space box like before but different approach
MightyOne wrote:
1x size: first target is 2 lines and if you get a chance to reenter then your next target is line #3 (initial risk is $20)
1.5x size: first target -1/3 at +2 lines and exit all at 2.5 lines (initial risk is $30)
2x size: first target is -1/2 and +1 line and exit all at 2.5 lines (initial risk is $40)
For 1.5 and 2x your risk is only $10 after the first target is reached.
(the goal here is to increase your size by (11.5/8) twice to bring your line value to $20...then 40, 80, and so on, and then hold for larger moves)
Once your line value increases substantially then you change the 'exit' to 'exit half' and you continue to exit half until you reach MN line widths or decide to liquidate.
Take it one step at a time.
can you give an example application on price chart please? with step by step explanation if possible
Thanks
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Re: The ideas that I trade by:
MightyOne wrote:The risk-box itself does not have a line width.
If you make 3.5 lines then each line is 10(11.5/8) or $14.37 and if you lose 2 lines then you just have 6 lines of $14.37 and you can modify the lines and values however you wish...without going over 8: notice that the weekly line is 8 H1 lines and that 16/8 is 2 and that if you made 1 monthly line then that is 24/8 or 3x size (it's called EIGHTS for a reason).
You are not going to hold the H1 width for 1 MN line but that is the amount of space that you are working within to reach lot sizes that are worth holding when the large chart finally decides to move ($400 per monthly line (~$4.50/pip), not $10/line).
There is nothing wrong with stacking to $80/line, taking 1 line of $80 and turning it into 1.25 lines of $64, and then taking a single-line-zone breakout trade at weekly/monthly line widths: if you make 1.25 lines of $64 then that is 8 lines of $10 or the sum of your initial risk that you can now set aside.
The larger your line value the wider your minimum width: you are not going to trade $400 per H1 line because if price jumps up 25 lines then you've lost $6800 when your total risk should have been $80. If you are sized to the weekly line widths then 25 H1 lines is -3.125 weekly lines and you still have 4.875 lines of $400.
Leverage is a mighty weapon in the hands of a skilled warrior.
Risk_box.png
I think I get it, your risk stays the same, it is the same $10 to you.
Last edited by forexmoney on Sat Dec 16, 2017 4:14 pm, edited 1 time in total.
the rat zone for life
Re: The ideas that I trade by:
co2t wrote:... if we have 8 line before destroy 6 line and still want to go we can go to (2/8)*line value, we only got lost after all the line are used or cannot be used (too small)??
---You want to try your best not to lose 2 lines but if you go over to say -2.25 then I would simply adjust to $10(5.75/7) or $8.21/line
8 lines, lose 2, adjust to 7 lines
7 lines, lose 2, adjust to 6 lines
6 lines, lose 2, adjust to 5 lines
5 lines, lose 2, adjust to 4 lines
4 lines, lose 2, adjust to 4 lines
4 lines, lose 2, adjust to 3 lines
3 lines, lose 2, adjust to 2.25 lines
2.25 L, lose 2, box-destroyed.
I wouldn't reduce to below 40% of your initial line value (say $10 down to $4)
at that point if I had 4 lines then I would adjust to $4(4/2.25) or 2.25 lines of $7.11 for the last trade...
because a win is so critical, I would then grab 1.25 lines and adjust to $7.11(3.5/2.25) or 2.25 lines of $11.06
and if I make 2 lines then 11.06(4.25/5.25) or 5.25 lines of $8.95 and then I'm not too far from a full recovery.
The only requirement is that you stack when you have 9 or more lines; you don't have to reduce your lot size.
In your example, if its 16(2/8) then it is fine because you have 8 lines of $4 (assuming $10 was you initial line value).
I gave you a few powerful strategies but you should really be thinking of these things on your own:
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Re: The ideas that I trade by:
MightyOne wrote:co2t wrote:... if we have 8 line before destroy 6 line and still want to go we can go to (2/8)*line value, we only got lost after all the line are used or cannot be used (too small)??
---You want to try your best not to lose 2 lines but if you go over to say -2.25 then I would simply adjust to $10(5.75/7) or $8.21/line
8 lines, lose 2, adjust to 7 lines
7 lines, lose 2, adjust to 6 lines
6 lines, lose 2, adjust to 5 lines
5 lines, lose 2, adjust to 4 lines
4 lines, lose 2, adjust to 4 lines
4 lines, lose 2, adjust to 3 lines
3 lines, lose 2, adjust to 2.25 lines
2.25 L, lose 2, box-destroyed.
I wouldn't reduce to below 40% of your initial line value (say $10 down to $4)
at that point if I had 4 lines then I would adjust to $4(4/2.25) or 2.25 lines of $7.11 for the last trade...
because a win is so critical, I would then grab 1.25 lines and adjust to $7.11(3.5/2.25) or 2.25 lines of $11.06
and if I make 2 lines then 11.06(4.25/5.25) or 5.25 lines of $8.95 and then I'm not too far from a full recovery.
The only requirement is that you stack when you have 9 or more lines; you don't have to reduce your lot size.
In your example, if its 16(2/8) then it is fine because you have 8 lines of $4 (assuming $10 was you initial line value).
I gave you a few powerful strategies but you should really be thinking of these things on your own:
spell_it_out.png
LoL your pic is called spell it out
It was a text book zline trade also
Trade Your Way as Long as It Makes Money!
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Re: The ideas that I trade by:
aliassmith wrote:
LoL your pic is called spell it out
It was a text book zline trade also
I haven't had my coffee yet
Every trade looks the same to me; I don't know what people don't understand:
If you have a big zone then you need wide lines
If you have narrower lines then you wait for a close into the zone to create a smaller zone
etc etc until you have a zone that is small enough to trade.
Think about your risk box, risk-lines, make lines, stack, repeat.
I look for price levels in the same way that I have explained it to them.
I don't know what more people what me to say.
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Re: The ideas that I trade by:
MightyOne wrote:aliassmith wrote:
LoL your pic is called spell it out
It was a text book zline trade also
I haven't had my coffee yet
Every trade looks the same to me; I don't know what people don't understand:
If you have a big zone then you need wide lines
If you have narrower lines then you wait for a close into the zone to create a smaller zone
etc etc until you have a zone that is small enough to trade.
Think about your risk box, risk-lines, make lines, stack, repeat.
I look for price levels in the same way that I have explained it to them.
I don't know what more people what me to say.
GBPUSDH1.pngthought_bubble.png
You better drink that coffee.
I have looked at this new approach. It is pretty much a simplified version of "space".
Momo= breakout
Zline= pattern
Pin cushion= risk box
Trade Your Way as Long as It Makes Money!
Re: The ideas that I trade by:
aliassmith wrote:
You better drink that coffee.
I have looked at this new approach. It is pretty much a simplified version of "space".
Momo= breakout
Zline= pattern
Pin cushion= risk box
That's true.
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Re: The ideas that I trade by:
Welcome back Aliassmith!
Good to see you.
doji
Good to see you.
doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
Re: The ideas that I trade by:
Much thanks,
i give poor example , yes we should only be lose 2 lines because our initial risk per trade is 2 lines
i'm used to space that i assume you would aggresively stacking, i guess if you want to be ballsy then you can stack 1 line? like you mentioned before, but ofcourse stacking only after we have 8+ lines is much better/safer i guess??
yes accumulation is wonder
thanks
i give poor example , yes we should only be lose 2 lines because our initial risk per trade is 2 lines
MightyOne wrote: ...
The only requirement is that you stack when you have 9 or more lines; you don't have to reduce your lot size.
...
i'm used to space that i assume you would aggresively stacking, i guess if you want to be ballsy then you can stack 1 line? like you mentioned before, but ofcourse stacking only after we have 8+ lines is much better/safer i guess??
MightyOne wrote: I gave you a few powerful strategies but you should really be thinking of these things on your own:
yes accumulation is wonder
thanks
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