How to be a MOnster

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paweldobkowski
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Re: How to be a MOnster

Postby paweldobkowski » Mon Apr 03, 2017 12:30 pm

Mira wrote:Am I really seeing? Or am I only applying the concept in a technical way?
Last Doji's words made me think, because I already knew that there is much more than a "close above, close below".. and if just ONE post makes me doubt, well, then it means I only learned the form, not the essence. :(


I have to disagree. You did the right thing. Doji is a great trader, it's good that You took his words into consideration.
Now ignore them because Doji can't teach You how to trade. Nobody can.

I know the feeling. I love to paraphrase MO so, once again, years ago He said something like: "when you got everything nicely packed into a box you realise you don't know what the fk you are doing" :wink:
I have fair share of therapy in my life and the thing that stood out the most was a constant work on the same stuff. Over and over again.
Then one day it suddenly hits. It's clear. It's a fact. You just internalise it and You never look back.
You need to remember that it's a process. Every fkn thing counts. Every win. Every fail. As long as You're moving.

The point is! Listen to yourself. Try listening to others. Or fk listening to others. In the end of the day the answers will come from You.
Your attitude is way more important than anything else. As long as You're here tomorrow You're good :wink:
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dojirock
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Re: How to be a MOnster

Postby dojirock » Mon Apr 03, 2017 3:28 pm

One quick note, I have a busy day today,

Clues, I hate that word, to cryptic. Im not trying to provide clues. Im not trying to change what your realm of understanding is. I'm a stats trader based on Momentum. I call that ability to benefit from those stats using momentum price action. Definitions are different for everyone is what I have found on forums.
Biggest area of fails in trading are some kind of entry edge to avoid excessive draws, Money Management, or lack of I should say, and a Goal. If you dont define your goals and strive to rinse and repeat, your trading will never be consistant.

Lets try this. Because it was my 2nd biggest hangup before my trading changed and I used to bang my head on the wall over it, I would like to see what peoples definition or perception of Momentum. Not your opinion. Your perception, its visual. What is Momentum?

If you feel this topic doesnt belong here or is to beginnerish for you, let me know... I just saying its the root of most traders problems.

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!"

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Mira
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Re: How to be a MOnster

Postby Mira » Mon Apr 03, 2017 6:11 pm

dojirock wrote:One quick note, I have a busy day today,

Clues, I hate that word, to cryptic. Im not trying to provide clues. Im not trying to change what your realm of understanding is. I'm a stats trader based on Momentum. I call that ability to benefit from those stats using momentum price action. Definitions are different for everyone is what I have found on forums.
Biggest area of fails in trading are some kind of entry edge to avoid excessive draws, Money Management, or lack of I should say, and a Goal. If you dont define your goals and strive to rinse and repeat, your trading will never be consistant.

Lets try this. Because it was my 2nd biggest hangup before my trading changed and I used to bang my head on the wall over it, I would like to see what peoples definition or perception of Momentum. Not your opinion. Your perception, its visual. What is Momentum?

If you feel this topic doesnt belong here or is to beginnerish for you, let me know... I just saying its the root of most traders problems.

doji



Doji I really thank you for your help!
I want to clarify that my English isn't perfect and this is why I can't express myself in the correct way.
I meant I'm glad you made me doubt about what I know (it looks weird, I know :lol: ) because I know very well how some of my past beliefs cost me plenty.

BTW I was thinking to your question and in my heart I don't know what momentum really is. :roll:
Most of times i feel it like a move generated from other people losses, stop orders triggered.
Then, after a large move happened, more traders want to jump in and to trade in direction of profit but they trade bad prices and move stops at b/e, once triggered market moves again..

Well.. re-reading my post i found that i don't know what I'm saying lol, good question.. what is Momentum?
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Mira
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Re: How to be a MOnster

Postby Mira » Mon Apr 03, 2017 6:23 pm

paweldobkowski wrote:I have to disagree. You did the right thing. Doji is a great trader, it's good that You took his words into consideration.
Now ignore them because Doji can't teach You how to trade. Nobody can.

I know the feeling. I love to paraphrase MO so, once again, years ago He said something like: "when you got everything nicely packed into a box you realise you don't know what the fk you are doing" :wink:
I have fair share of therapy in my life and the thing that stood out the most was a constant work on the same stuff. Over and over again.
Then one day it suddenly hits. It's clear. It's a fact. You just internalise it and You never look back.
You need to remember that it's a process. Every fkn thing counts. Every win. Every fail. As long as You're moving.

The point is! Listen to yourself. Try listening to others. Or fk listening to others. In the end of the day the answers will come from You.
Your attitude is way more important than anything else. As long as You're here tomorrow You're good :wink:


Thank you Pawel!

There is wisdom in your words, I really appreciate your help!
Everyday I learn something and I'm happy with this, I'm a beginner but my learning process is growing exponentially.

I don't give up easily :twisted: :wink:
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Re: How to be a MOnster

Postby tom7ak » Mon Apr 03, 2017 7:59 pm

hi all
first of all i apologise for spamming earlier. english is not my first either by the way, if anyone hasnt noticed yet.
trading day - around break even. i traded hourly only and that seem to be way too fast. i dont want to go into too much details. i started with a plan, then nearly reversed it to opposite half way through. what i see i am not sure myself either. and im sure im still missing some pieces. i dont want to confuse u any more.

Mira - i remember u mentioned before that u had noticed significance of closes. thats 1 point i tried to use today. however marking momentum in an exact and consistent way seems to me hmmm essential? i dont know.
you got 2 slow it down
and then u pick it up - PF
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Re: How to be a MOnster

Postby tom7ak » Mon Apr 03, 2017 8:09 pm

dojirock wrote:One quick note, I have a busy day today,

Clues, I hate that word, to cryptic. Im not trying to provide clues. Im not trying to change what your realm of understanding is. I'm a stats trader based on Momentum. I call that ability to benefit from those stats using momentum price action. Definitions are different for everyone is what I have found on forums.
Biggest area of fails in trading are some kind of entry edge to avoid excessive draws, Money Management, or lack of I should say, and a Goal. If you dont define your goals and strive to rinse and repeat, your trading will never be consistant.

Lets try this. Because it was my 2nd biggest hangup before my trading changed and I used to bang my head on the wall over it, I would like to see what peoples definition or perception of Momentum. Not your opinion. Your perception, its visual. What is Momentum?

If you feel this topic doesnt belong here or is to beginnerish for you, let me know... I just saying its the root of most traders problems.

doji


i associate momentum with a reversal and acceleration. visually - colour change/wick plus close over so a kind of zline. then validating condition - has it broke opposite momentum? ``you dont take zline because its there`` being more specific momentum for me is now a part of that breakout candle that has not been removed yet.
you got 2 slow it down
and then u pick it up - PF
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Re: How to be a MOnster

Postby Mira » Mon Apr 03, 2017 9:13 pm

Two Lines

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tom7ak
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Re: How to be a MOnster

Postby tom7ak » Mon Apr 03, 2017 9:21 pm

something springs to my mind. not sure what. what do u use for drawing?
you got 2 slow it down
and then u pick it up - PF
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Mira
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Re: How to be a MOnster

Postby Mira » Mon Apr 03, 2017 10:42 pm

tom7ak wrote:something springs to my mind. not sure what. what do u use for drawing?


I don't want to say anything because I'm not sure.
(BTW it works and is a logic idea)
I just thought at the key, "It takes Momentum to break Momentum", and I asked my self "So is this Momentum?"


It's changing my view of "Price is the same on all the timeframes"..
I'd say "Price is doing the same thing on all the timeframes".

...

That means the same thing :lol:
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Re: How to be a MOnster

Postby tom7ak » Tue Apr 04, 2017 1:05 am

I really dont know. I used to think momentum means a momo (meaning - big candle).Now i thing the size doesnt matter. 95 percent see a big candle and all they (me) think is go with it. I think momentum can be used for reversals at momos. Earlier on i have tried to think outside the box. How "It takes Momentum to break Momentum" can be understood and used. I played with a few ideas. Switching mid through.

i tried to go with the momentum that removed momentum, i tried to go against `false` momentum (that has not removed opposite zone). i tried market orders. i tried limit orders. i did have maybe a dozen entries and it all seemed to have some merit to it. But sth was missing. Besides i was probably too many things at the same time. And now im confused again:) But i will try again tomorrow.

Time Frames are doing my head in. i think the price is the same, but only one TF tells the truth at particular time. The question how to know which one when. somehow this goes back to "Body shows the way"

BTW your chart looks like you are looking for Momentum in Big Picture (idea), i think i am more focused on Momentum as an entry. im not saying you are wrong here and im right
you got 2 slow it down
and then u pick it up - PF
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