How to be a MOnster

[MightyOne]

LOL

Thank you guys! I'm trying to do my best.

About stacking I'm trying to study a way to make it easy, I don't want to trade small sizes but I don't want to fly too high too fast too.

Entries are getting simple now.. in a moment I passed from buying/selling too late to trading when price is going over my zone just to reach a better price.

The problem is that I still don't know what "method" I'm going to use, and this is why I fee confused sometimes.
I feel good drawing what I see: closes in MO style or a Doji Zone.. maybe a MZ or a fibo tool, but I think that i haven't enough experience to have NOT a plan..

Let's say that you have 12 lines ($120) and that each line is worth $10.

You risk 2 lines, you make 2 lines (+$20), and your total is now 14 lines.

(14/12)$10 is $11.66, (11.66/11.60)12 is 12.06 lines of $11.60 (roughly $140)

You risk 2 lines, you make 5 lines (+$58, almost a full extra line of profit!)

(17.06/12)11.60 is $16.49, (16.49/16.40)12 = 12.06 lines of $16.40 (roughly $198)

You risk 2 lines, price drops 4 lines, you take profit.
Price retraces 50% and you double your size to $32.80/line with 3 lines of space (risk is 2 lines + OPM)
You end up taking profit again at the same place for +4 lines, (profit) / 16.40 = +12 lines of 16.40 for a total of 24.06 lines.

(24.06/12)16.40 is $32.88, (32.88/32.80)12 = 12.03 lines of $32.80 ($394.58 - $120 initial risk-box = +$274.58).
Without stacking you would have made: 2 + 5 + 4 + 4 for a total of 15 lines of $10.

In only 3 trades you are making 3.28 lines for every line won.
Think about that, if you lose everything but 1 line then you will have 3.28 lines of $10 or 4 lines of $8(you are still in business!)

What could your size be on trade 23? What if you gained 20 lines for every line won and you decided to stay there?
That is what larger charts are for, to make use of size without being exposed too much volatility.

[Mira]

I want to believe

GOLD.png

Nope

I forgot the tp at the top for the second time (i opened mt and it was back to the pattern) and price gave me a lesson.

Damn Gold.png (19.18 KiB) Viewed 2656 times

[MightyOne]

That trade was not worth 4 lines of risk, esp. after that green candle melted back to your entry price.

The green bars were not giving you much, just short-term opportunities;
the last opportunity to go long, yellow lines, was picture perfect.

On the short side there was a dchappy TL break 1-2-3: #2 is always a breakout & price returns to the pattern break on #3.

You are in 'watching' mode when you enter a trade but as soon as you come to an exit or stay decision then you are in 'holding' mode and that always involves a larger chart. If there is a reason to hold long but you are not seeing it in the smaller charts then you either want to exit or reduce your size to the size of larger chart.

for_Mira.png (24.62 KiB) Viewed 2687 times

[Mira]

That trade was not worth 4 lines of risk, esp. after that green candle melted back to your entry price.

The green bars were not giving you much, just short-term opportunities;
the last opportunity to go long, yellow lines, was picture perfect.

On the short side there was a dchappy TL break 1-2-3: #2 is always a breakout & price returns to the pattern break on #3.

You are in 'watching' mode when you enter a trade but as soon as you come to an exit or stay decision then you are in 'holding' mode and that always involves a larger chart. If there is a reason to hold long but you are not seeing it in the smaller charts then you either want to exit or reduce your size to the size of larger chart.

for_Mira.png

Thank you MO!

I wasn't considering many factors, you're right!
'Holding' mode is something I have never watched at, btw it's true.. small charts start to build bigger charts!

One last thing, what do you mean with "esp. after that green candle melted back to your entry price" ?

Thank you much for helping.

[Mira]

I'm drawing what I see just because it's Saturday..

Close above - Close below

IMG_0833.PNG (79.17 KiB) Viewed 2942 times

[Mira]

What does it mean that price is fractal?
And what does it mean that price is the same on all the timeframes?
Are they the same definition?

I.e. That a price level that is telling me to buy is there on a M1, M5, M15, M30, H1, H4, D1, W1, MN chart?

[MightyOne]

What does it mean that price is fractal?
And what does it mean that price is the same on all the timeframes?
Are they the same definition?

I.e. That a price level that is telling me to buy is there on a M1, M5, M15, M30, H1, H4, D1, W1, MN chart?

The simplest definition of a fractal pattern is that it is déjà vu

If the current price is 1.1395 then it is that price on all chart periods so the implication is that one should trade price alone and not charts.

I made a few updates to the indicator since you wanted an easy way to count lines:

for_Mira.png (13.64 KiB) Viewed 2900 times

[Mira]

What does it mean that price is fractal?
And what does it mean that price is the same on all the timeframes?
Are they the same definition?

I.e. That a price level that is telling me to buy is there on a M1, M5, M15, M30, H1, H4, D1, W1, MN chart?

The simplest definition of a fractal pattern is that it is déjà vu

If the current price is 1.1395 then it is that price on all chart periods so the implication is that one should trade price alone and not charts.

I made a few updates to the indicator since you wanted an easy way to count lines:

for_Mira.png

Thank you much MO!! This helps a lot, where could I found the updated version?

[MightyOne]

for_Mira.png (34.93 KiB) Viewed 2825 times

[Jalarupa]

What does it mean that price is fractal?

PRICE behaves the same on all time frames because everything is fractal... We visualize time as a fractal manifestation by its relationship to price... Meaning price is fractal because if it's natural movement over time...

A fractal is a mathematical sequence that repeats itself on all scales Micro or Marco... It's deeply founded in consciousness and Life itself...

Fractal's
http://i.imgur.com/HzVPl5Y.gifv