How to be a MOnster

[Mira]

Ok.. let's go for steps.
Sometimes I lose myself, but I have been on enough threads here on Kreslik to know that it's the same story for everyone.

I think that most of my problems with entries came from the idea of trading a unique timeframe.
Surely it's something I need/want to learn but nobody said that there is only ONE way.

Doji told "on a lower timeframe you'll see price escaping from the zone with momentum, becoming momentum on a bigger chart period" and that is what I'm going to look at.

Here I took a "classic" zone: MightyZone aka 50% of a MOMO.

IMG_0751.PNG (56.93 KiB) Viewed 3035 times

On a lower timeframe price was escaping with momentum = LONG.

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A close with momentum on the other side would have been a reversal. Easy!

1) I need to find or set some rule to NOT watch entries on timeframes that are too small compared to the "zone chart", could be one ore two timeframe lower a good choice?

2) It's obvious that I want to learn to accumulate before the real move happens, trying to not miss a push from the middle i.e.

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[MightyOne]

It looks like price was trying to fall there.. but then it breaks out and in.
A break out and in is there at the bottom too, but I can't see it at the top. What am I missing?

Thank you much for helping!

The definition of a Rat "flip-flop" is simply this:

1) price makes a new high
2) a bearish candle closes
3) enter when the BID touches the low of said bearish candle

Then there are nuances:
1) Rats with full bellies have lazy feet: when the reversal bar is almost entirely a body then don't expect much.
2) When the reversal bar is long, the cheese is far-gone: price has likely raced to a pattern and will return to the prev. pattern.

Then there are continuation Rats, but lets not get into that just yet.

flip-flop.png (10.59 KiB) Viewed 2970 times

[TheRumpledOne]

It looks like price was trying to fall there.. but then it breaks out and in.
A break out and in is there at the bottom too, but I can't see it at the top. What am I missing?

Thank you much for helping!

The definition of a Rat "flip-flop" is simply this:

1) price makes a new high
2) a bearish candle closes
3) enter when the BID touches the low of said bearish candle

Then there are nuances:
1) Rats with full bellies have lazy feet: when the reversal bar is almost entirely a body then don't expect much.
2) When the reversal bar is long, the cheese is far-gone: price has likely raced to a pattern and will return to the prev. pattern.

Then there are continuation Rats, but lets not get into that just yet.

flip-flop.png

Sounds like a RAT REVERSAL to me. What's the difference?

[MightyOne]

Sounds like a RAT REVERSAL to me. What's the difference?

There is no difference, 'flip-flops' is your description of the 'Rat Trade' and not the name itself.

[MightyOne]

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[Mira]

for_Mira.png

"Rats with full bellies have lazy feet"

The one at the top hadn't the low extreme, so it failed!
Is it right?

Thank you MO!

[MightyOne]

for_Mira.png

"Rats with full bellies have lazy feet"

The one at the top hadn't the low extreme, so it failed!
Is it right?

Thank you MO!

No, the minimum target is 2 lines (the BuyZone at the top is the width of 2 lines).

[Mira]

for_Mira.png

"Rats with full bellies have lazy feet"

The one at the top hadn't the low extreme, so it failed!
Is it right?

Thank you MO!

No, the minimum target is 2 lines (the BuyZone at the top is the width of 2 lines).

It reached the target, very nice!
Thank you MO!
How do you draw the Zone? Is it the same of the Rat Zone (20 pips from the current HH/LL)?

[Mira]

2017-06-24_0231.pngsee pic with notes.

doji

Hi Doji!

Looking at the zone on a lower timeframe, how do you avoid reversal when fake momentum BOs occur?
Often i don't know if i have to consider the trade lost or not..

Thank you much!

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for_Doji_2.png (15.99 KiB) Viewed 3153 times

[dojirock]

2017-06-24_0231.pngsee pic with notes.

doji

Hi Doji!

Looking at the zone on a lower timeframe, how do you avoid reversal when fake momentum BOs occur?
Often i don't know if i have to consider the trade lost or not..

Thank you much!

for_Doji_1.png

for_Doji_2.png

When you draw on your higher time frame, it becomes your bias. So in this case its the 4hour.... due to it being up mo then down mo to draw the zone the bias is bearish. If you look at the 4 hour chart there is no bullish after the zone is formed.
Your seeing bullish mo on a lower time frame.... but i dont take it unless its a down mo followed by a up mo into the bearish bias....as a counter trade....
i never just take a up mo on lower timeframes just because its above the zone. On the 4 hour it will turn out to be a wick.
Remember it takes a momentum force to push the price back to zero out traders. You will always have counter mo. Dont lose track of the bias.
If we did get the up mo on the 4hour above the zone that is the "it take mo to break mo" then i would be all over it.....after the downmo followed by the up mo on a lower time frame.... these trades take time to play out...no hurry... I dont trade 4 hour for that purpose, but if i did it would be to be with the mo on that time frame.

doji