How to be a MOnster

[tom7ak]

Looks good. I`ll try to take it easy though. It was too fast for me. i am still getting lost between TFs. I took some profit on M15 momo, then tried to get back in on a pullback. H1 momo down took me nicely out. I want to go through what just happened

Good lesson though, thanks:)

[tom7ak]

Im in on M15, id rather short it higher, but lets see

[Mira]

Not my day

Schermata a 2017-06-08 17-11-35.png (14.11 KiB) Viewed 2891 times

Schermata a 2017-06-08 17-12-38.png (16.21 KiB) Viewed 2891 times

[tom7ak]

And not mine either. Perhaps pair selection was not the best. Contradicting TFs. Going long looks to me against H4 and D1, going short, against H1. I think i call it a day for now. Unless there is a breakout/down from wedge pattern on H1. Time to go through it all and try to learn from mistakes. Thanks Mira

[MightyOne]

Trend_Setter.png (37.25 KiB) Viewed 2955 times

[tom7ak]

GBPJPY HTF.pngHTFs look different depending

The big picture looks different to me on the other broker (different Time Zone). Hmm LTFs should be all pretty much the same, anything above H1 not quite.

Exactly LOL

We could have a nice reversal btw

Reverse.png

Two closes in a single area and a break down

[Mira]

Trend_Setter.png

Thank you for the charts MO!
I gave them a try today but I still can't see how to spot patterns and breakouts (i mean without EIGHTS).
Btw I'm sure they are useful tools that could help me thinking out of the box, so I'm not going to leave them!

[off topic]

Today I tried a few entries on GBPJPY and I noticed how I was trading away from a pattern/zone creating breakouts bullish/bearish, something like a midpoint..

But do you think that a pattern loses some "power" after several pullbacks?
Or that there is some difference between a total fail and a breakout to the other side of the pattern (change in direction) after a previous successful pullback?

Thank you MO!

[MightyOne]

Do you think that if your picture were to hang in a gallery that people would have the innate ability to interpret it?

What is the idea? What are you trying to show people?

Pull all of the lines behind the idea, don't build walls.

The simpler the picture the easier it is to trade it.

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[tom7ak]

Do you think that if your picture were to hang in a gallery that people would have the innate ability to interpret it?

What is the idea? What are you trying to show people?

Pull all of the lines behind the idea, don't build walls.

The simpler the picture the easier it is to trade it.


for_tom7ak.png

You are right, the picture was of no use to me in trading today. The idea was trying to understand closes and patterns better and how they look in different TFs. Thank you for markings and comments

[MightyOne]

Finally

EG target.png

A very fast one

EG.png

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