How to be a MOnster

[Mira]

And these are thoughts..

Angles.png (23.18 KiB) Viewed 2165 times

[Mira]

And these are thoughts..

Angles.png

PT. 2

PT.2.png (19.78 KiB) Viewed 2165 times

[MightyOne]

Come back home, Mira

for_mira_2.png (39.51 KiB) Viewed 2149 times

[Mira]

Come back home, Mira

for_mira_2.png

Horrible lines, I know.
thank you MO!

[Mira]

Gaps.. they are still a mistery.
Are they closes over? Or just opens over?

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[MightyOne]

Gaps.. they are still a mistery.
Are they closes over? Or just opens over?

IMG_0110.PNG

I would just fill it in with a bar...

if(low > pclose){low = pclose;}
if(high < pclose){high = pclose;}

...or consider the prev. close to be the open price.

[Mira]

Gaps.. they are still a mistery.
Are they closes over? Or just opens over?

IMG_0110.PNG

I would just fill it in with a bar...

if(low > pclose){low = pclose;}
if(high < pclose){high = pclose;}

...or consider the prev. close to be the open price.

Thank you MO!
It makes sense.

[Mira]

EPIC CHARTS!

That one looks like a P&F

[Mira]

It's cool because when you got it, direction is not a problem... i took a loss btw

Mistake was mine: shorted at 50% of H4 momo and everything went good

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Then i placed some aggressive short and i trailed my stop above the current (lower) extreme and i've been taken out.
I should have kept a bigger space to let price come back since bias was still short on H4, i'd be in a nice profit with a small space at this time

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[MightyOne]

:shock: EPIC CHARTS!

That one looks like a P&F

I have always liked marking my P&F charts by hand as it only takes a second and it gets me more in touch with the price movement.


When Bredin, of Insanity Industries, coded that P&F indicator we were using HI/LO and 1-minute bars to plot 1-box reversal charts over 10 pip spaces.

Nowadays I use some percentage of the H1_ATR(48), usually between 33 & 66%*, as my H1 line spaces and the closing prices of H3 or H4 charts.
*Hourly spaces should be around 2 or 3% of the weekly ATR.

The idea behind line spacing is that the greater the space of time between closes the greater the spacing of the lines because the wait time increases the probability of experiencing larger price ranges; if you are waiting through price bars then you must consider price ranges.

I never think about pips, each line is x amount of dollars and when I increase the position size then each line is simply worth more.

AUDSGD_H4.png (14.69 KiB) Viewed 2183 times

eurjpy_h4.png (20.15 KiB) Viewed 2183 times

^these charts have been tightened up a bit to .382 * H1_ATR(48)...multiplied by 2 when looking at an H4.