The ideas that I trade by:

[aliassmith]

Thanks Alias. I appreciate it.
The demons are trying to throw me off.

They are mischievous and distract.

[IgazI]

The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $

[Mark Mark]

The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $

Thank you. I want to study this

[kiwiarian]

So is space and eights similar, with space I get you scale up when you are profit but on the existing open trade moving SL so risk is the same. Is eights a measurement scale/tool to decide when you scale up after x amount of pips in profit or scale out if it goes against you? I think I got lost when there was talk about 10 lines, over different charts, 1hr, 4hr and a daily.
---------EDIT------------
Several days later I came across some good explanations about eights in the how to be a monster thread so will be studying those. A bit to study but it looks worth investigating. I will stick to trying space/dragon MM on my small account for now until I reach a sufficient size to incorporate eights.

Another resource explaining space is using the wayback machine to see an old site.
https://web.archive.org/web/20111016153 ... ing_Method
https://web.archive.org/web/20111016162 ... itle=Space

And he made some vids on this too

https://www.youtube.com/watch?v=UrtjScG ... Dp&index=1
https://www.youtube.com/watch?v=RcMnlcA ... Dp&index=2

[BambinoFlex]

Hi everyone! Merry Christmas and a Happy New Year to all Kreslikians

[prochargedmopar]

You mark your charts a lot like MO did. Also speak in riddles like him to. Hum.

1. reading comprehension and practice.

2. point to a single riddle.
(we're back at reading comprehension ) LOL

I have chatted with many traders that said MO spoke in riddles.
I always thought what he said was Black and White.
Take it at face value and move along.

The application is where most of US faltered which had nothing to do with trading poems.

[kiwiarian]

The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $

I worked through and got space working with say $100 risk, 10 lines, 10 pips a line etc easy to work out and do if removing lots and expanding space based on base 10
Any idea why eights came about? I haven't looked into it yet, so happy to be fobbed off if its not an easy answer and do so some reading.

[BambinoFlex]

The idea of "space" is very easy to understand:

If you insert $500 into the EURUSD machine, then that is your "space".

Fractions of "space" are your risk multiples, just as you see with Alias' fibo lines, and we refer to them as 'lines' or 'em-pips' (macro / larger pips).

Adjusting your position size changes the number of lines or blocks that equals whatever you are willing to risk.

Unlike a trader who has $10000 and risks 2% per trade we would instead risk $500 exactly and adjust our position size to grow this tiny seed into a tree; our growth comes from minimizing risk and maximizing reward within the confines of our risk tolerance.

Risk $ to make %, not % to make $

I worked through and got space working with say $100 risk, 10 lines, 10 pips a line etc easy to work out and do if removing lots and expanding space based on base 10
Any idea why eights came about? I haven't looked into it yet, so happy to be fobbed off if its not an easy answer and do so some reading.

Good input. Your breakdown is easier to understand/see

[kate682]

space - the final frontier

space 2.JPG (52.12 KiB) Viewed 14434 times

[kiwiarian]

space - the final frontier


space 2.JPG

The concept seems to work nicely by dividing by 10 and I can do it in my head on a USD pair quite quickly if cutting lots and then expanding the risk box by the shedded amount.
Spock would be impressed.