Hi All,
I hope all is going well. I have a question in regards to the risk management for the 1hr tunnel trading. Vegas mentions about about various levels and proportioning the amount of profit. He mentions about using a minimum of 3 units to implement tunnel trading...using 55, 89, and 144 and to take a 1/3 profit from each. He also mentions that preferably u should use 5 units at levels 55, 89, 144, 233 and let one unit ride until it hits 377.
When he is talking units is he talking lots... correct? What does he mean by units?
Also to give an example if I was trading 20 lots how many lots should I give up in profit when I hit the levels of the preferable case (i.e. 5 units). So if I had 20 lots how many do I give to profit and carry on till the next level?
Thanks
Greg
I hope all is going well. I have a question in regards to the risk management for the 1hr tunnel trading. Vegas mentions about about various levels and proportioning the amount of profit. He mentions about using a minimum of 3 units to implement tunnel trading...using 55, 89, and 144 and to take a 1/3 profit from each. He also mentions that preferably u should use 5 units at levels 55, 89, 144, 233 and let one unit ride until it hits 377.
When he is talking units is he talking lots... correct? What does he mean by units?
Also to give an example if I was trading 20 lots how many lots should I give up in profit when I hit the levels of the preferable case (i.e. 5 units). So if I had 20 lots how many do I give to profit and carry on till the next level?
Thanks
Greg