How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Wed May 17, 2017 7:58 am

MightyOne wrote:I would do something like the attached, on a large chart, as price is falling, or catch price on a retracement.

But if you are not going to get out prior to reaching your TP and you feel that you have too much space then,
sure, why not increase your position size for that last little bit.


for_elkin.png



Hi MO! :D

Last night I was drawing some pattern&breakout and I have seen how they could help finding a real close above/below..
Are you following a particular way to find the range (high-mid-low)? And do you follow the range growth after price moved? Thank you much for your help!


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elkin.fernandez
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Re: How to be a MOnster

Postby elkin.fernandez » Wed May 17, 2017 12:16 pm

I would do something like the attached, on a large chart, as price is falling, or catch price on a retracement.

But if you are not going to get out prior to reaching your TP and you feel that you have too much space then,
sure, why not increase your position size for that last little bit.


Hi, MO. I decided to make addition late. I knew that I have to add at level 3665 but I did not it because of my indecision. So I put a limit order but price could not reach it. LOL.

So I put another stop order for catching at leat 2X. Got just 2%.

I have a question my account is so small. $114,91 exactly. I trade 0,20 - 0,40 microlots. Normally my risk is about 2 - 4%. Is it so small?.

Earn $2 - $4 dont get me exciting LOL. I know that I have to wait earn and learn more in order to go increase my lots. I try with addition based in Mo´s ideas. Eights I understand, But how to increase lots in this idea is that I have been able to SEE. One time I read that I had to go to lower frames.

I would like 12,5% at least. LOL. I mean, more than $10 per trade. Is it posible without risking no more than $3 per trade. ¿Ratio 1:3 is posible with EIGHTS?.

Greetings, MO and Mira.

Ur friend from Venezuela.

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Mira
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Re: How to be a MOnster

Postby Mira » Wed May 17, 2017 11:00 pm

Last post from Phil in Doji's thread made me think, by the way I'm gonna post here for now because I don't to confuse anyone before I'm 100% sure of what I'm doing.

Some weeks ago i was thinking about a few Doji's posts talking about price leaving the zone with momentum on a lower timeframe, and I saw how a "confirmation" above/below the zone was a safe choice.
The problem was that, even if I started to see momentum with Doji's box, I felt more confident later, when I took MZ as the pullback zone.. and focusing on this (subjective) choise I forgot that good concept. :lol:

Btw it makes sense :shock:
I remember MO saying "wick in direction on loss" and to see a wick during the illusion price MUST be over a line.
I remember MO saying to keep predictions at a minimum.
Doji saying that price, on a lower tf, breaks the zone in direction of profit.
Es/Pip saying to enter in the WD or somewhere in the consecutive candle etc.

This is what I'm feeling...

Bullish momentum eating Bearish momentum - H4

IMG_0220.PNG
IMG_0220.PNG (60.76 KiB) Viewed 171 times


First bullish momentum (red line) ABOVE that line (I looked at a few tf lower too, that was the first) - H1

IMG_0221.PNG
IMG_0221.PNG (65.44 KiB) Viewed 171 times


How it looks on a H4 again

IMG_0222.PNG
IMG_0222.PNG (62.32 KiB) Viewed 171 times

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Phil
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Re: How to be a MOnster

Postby Phil » Wed May 17, 2017 11:20 pm

Hi Mira,
what do you mean with
"wick in direction on loss" and to see a wick during the illusion price MUST be over a line.''


I would need to look up how a MZ looks like..


Mira wrote:Last post from Phil in Doji's thread made me think, by the way I'm gonna post here for now because I don't to confuse anyone before I'm 100% sure of what I'm doing.

Some weeks ago i was thinking about a few Doji's posts talking about price leaving the zone with momentum on a lower timeframe, and I saw how a "confirmation" above/below the zone was a safe choice.
The problem was that, even if I started to see momentum with Doji's box, I felt more confident later, when I took MZ as the pullback zone.. and focusing on this (subjective) choise I forgot that good concept. :lol:

Btw it makes sense :shock:
I remember MO saying "wick in direction on loss" and to see a wick during the illusion price MUST be over a line.
I remember MO saying to keep predictions at a minimum.
Doji saying that price, on a lower tf, breaks the zone in direction of profit.
Es/Pip saying to enter in the WD or somewhere in the consecutive candle etc.

This is what I'm feeling...

Bullish momentum eating Bearish momentum - H4

IMG_0220.PNG

First bullish momentum (red line) ABOVE that line (I looked at a few tf lower too, that was the first) - H1

IMG_0221.PNG

How it looks on a H4 again

IMG_0222.PNG

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Re: How to be a MOnster

Postby dojirock » Thu May 18, 2017 3:05 am

Mira, when you said Bullish Momentum eating up Bearish Momentum, you are 100 percent correct.
Let me ask you this, though... where is that bearish momentum clue you speak of? I have a feeling were looking in different places on the chart.

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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Re: How to be a MOnster

Postby dojirock » Thu May 18, 2017 3:05 am

Mz zone I believe Phils is the 0- to 50 percent fibbed area of what you believe to be a momentum candle.

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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Re: How to be a MOnster

Postby Mira » Thu May 18, 2017 7:06 am

Hi Phil!

"... over a line" I mean the first bullish momentum above the line, it looks like price breaking the zone in direction of profit!
MZ is 0-50 of the bullish Momo as Doji said, but Doji's box works at the same way!


Phil wrote:Hi Mira,
what do you mean with
"wick in direction on loss" and to see a wick during the illusion price MUST be over a line.''


I would need to look up how a MZ looks like..


Mira wrote:Last post from Phil in Doji's thread made me think, by the way I'm gonna post here for now because I don't to confuse anyone before I'm 100% sure of what I'm doing.

Some weeks ago i was thinking about a few Doji's posts talking about price leaving the zone with momentum on a lower timeframe, and I saw how a "confirmation" above/below the zone was a safe choice.
The problem was that, even if I started to see momentum with Doji's box, I felt more confident later, when I took MZ as the pullback zone.. and focusing on this (subjective) choise I forgot that good concept. :lol:

Btw it makes sense :shock:
I remember MO saying "wick in direction on loss" and to see a wick during the illusion price MUST be over a line.
I remember MO saying to keep predictions at a minimum.
Doji saying that price, on a lower tf, breaks the zone in direction of profit.
Es/Pip saying to enter in the WD or somewhere in the consecutive candle etc.

This is what I'm feeling...

Bullish momentum eating Bearish momentum - H4

IMG_0220.PNG

First bullish momentum (red line) ABOVE that line (I looked at a few tf lower too, that was the first) - H1

IMG_0221.PNG

How it looks on a H4 again

IMG_0222.PNG

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Re: How to be a MOnster

Postby Mira » Thu May 18, 2017 8:40 am

dojirock wrote:Mira, when you said Bullish Momentum eating up Bearish Momentum, you are 100 percent correct.
Let me ask you this, though... where is that bearish momentum clue you speak of? I have a feeling were looking in different places on the chart.

doji


Hi Doji

Your question scares me a bit because I don't know where I'm wrong now :shock:

Btw the yellow line represents the bearish momentum I was looking at, price closed below the previous extreme.


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Thanks for your help Doji! :D

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Re: How to be a MOnster

Postby Dan » Thu May 18, 2017 10:50 am

Mira, you've been looking at too many charts... You must have missed first candle to close above previous candle extreme.
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Re: How to be a MOnster

Postby Mira » Thu May 18, 2017 12:08 pm

Dan wrote:Mira, you've been looking at too many charts... You must have missed first candle to close above previous candle extreme.


Hi Dan!

I'm looking at only one chart for this analysis, but it looks to me that that candle is not a true breakout.
I'm not saying that I'm right, because I'm probably wrong ( :lol: ), and because is right what works..

But I can't see demand overcoming supply in some other way than this for now.

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