How to be a MOnster

[MightyOne]

The idea on gold was right.. btw I had no opportunities to re enter since I was sleeping


What I think now is that the best solution is to shade the 50% to get a free trade: if price touch my original stop I'm at B/E, if it moves and I don't do nothing I'm still making money and if I can follow my trade then I can become more aggressive for free.

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[MightyOne]

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[Mira]

The idea on gold was right.. btw I had no opportunities to re enter since I was sleeping


What I think now is that the best solution is to shade the 50% to get a free trade: if price touch my original stop I'm at B/E, if it moves and I don't do nothing I'm still making money and if I can follow my trade then I can become more aggressive for free.

for_Mira.png

Thank you MO!

I'm starting to notice 1-2-3 easily now
Naturally it gives no clues on the strength of the pattern but it helps FINDING the pattern, and it's a pretty nice help!

I think that the strength of the pattern, from what I'm seeing in these days, is visible just with some confluence..
TL break, HL-LL or HL-HH, price closing above/below the previous 50% (and I don't know others for now )
That is the hardest part to learn, Zones tell little without "the story" around them, as you told me many times.

I tried to look for Zones formed at the "3" of a 1-2-3 and it looks good, but it doesn't happen so frequently.. mmm I don't know.

[MightyOne]

SIZE makes money, not pips (0 size * 1000 pips = ?)

While price movement is important it is not as important as getting your lot size up.

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[v8power]

A wise man once said "You can just use 10 or 15 (I forget exactly) to 1 leverage and grab a 1,000 pips you own an account reset button. Here was an easy 900 pips not including the hedge or buyback/adds. Took about 4 months of doing nothing pretty much.

Oh and the size. Well top brokers can get you in the Euro with 1,000-2,000 lots at a time. So I think that's got ya covered.

All you need is 1 good trade a year. Stop being greedy, in a rush and overleveraged. Wait and use just enough to get you to your goal.

The rect represents a 123 setup, with a TTE, with a momo up bar at a zline, where 2 pitchforks met, at the neckling of a double bottom. 5 reasons to take the trade.

Oh the dotted red line is one of those magically 15 angles that some guy always talks about. Gave a perfect place to exit

[Mira]

A wise man once said "You can just use 10 or 15 (I forget exactly) to 1 leverage and grab a 1,000 pips you own an account reset button. Here was an easy 900 pips not including the hedge or buyback/adds. Took about 4 months of doing nothing pretty much.

Oh and the size. Well top brokers can get you in the Euro with 1,000-2,000 lots at a time. So I think that's got ya covered.

All you need is 1 good trade a year. Stop being greedy, in a rush and overleveraged. Wait and use just enough to get you to your goal.

The rect represents a 123 setup, with a TTE, with a momo up bar at a zline, where 2 pitchforks met, at the neckling of a double bottom. 5 reasons to take the trade.

Oh the dotted red line is one of those magically 15 angles that some guy always talks about. Gave a perfect place to exit

Epic trade V8

Thanks for the explanation.. i need to learn to SEE some confluence and to find a reason to get long/short.
You make it sounds easy

It seems that channels help a lot btw, i need to go back to your thread to see how they are drawn!

[v8power]

Many times i feel that trading is sucking the life out of my body

Not profitable (atm) and obsessed: COMBO.

Its only a matter of time until your killing it Mira. You have 3 kickass traders advising you (Doji, Jala, MO). You seem to be trying to master many different idea's at once which might be hurting you a little bit. Then again you def already know more advance s**t then me. But maybe try just working on one idea for a month and see how much easier and more naturally it comes to you.

Take Doji's idea. 20 pips a day/session is all he needs (or started as a goal in the beginning). That's 100 pips a week. If you risked 1-3% per 10 pips that's 10 to 30% a week or 2 to 6 zero's in a year. Just trading like that is more then enough to make you rich. You don't need to make 1,000's of pips in a month or double/triple your account every week. Had I taken that advice I would have gotten a lot farther a lot quicker.

Here is an idea, one that I use myself. Do what Mark Douglas suggest and trade one way for 20 trades and record it all. Doji's style is perfect for this. You could use really basic idea's and almost make it systematic, so there is no emotions in any of the trades. Now my understanding is very limited and Im sure he goes into more detail then what I have read, but you could break it down into real simple steps. Candle must break high or low of a candle and then lets say within 4-8 candles we must have a break the otherway. So now you have the Doji box. Next you need a 2 or 3 on the sema. Then price must be above or below the MA that he recommends. Price then has to enter the box and then (and this is where my understanding of it stops) price moves out of the box or whatever he recommends for the trade to trigger. TP is a set 20 pips (or what he recommends) and set sl to whatever he says.

Only watch 2 pairs and only for 1 session for the first 3-4 hours. Take the trades without thinking. After those 20 trades assumimng you ended up in profit you will gain confidence. I looked at EJ reallyquick. There was 1 trade in asia and 2 in London. That's 60 pips. Then I also showed you how you can combine Doji idea with chart patterns, candlestick patterns and higher timeframes for even more pips.

The 1st trade I literally just opened the chart and it had just gotten done setting up so my entry was late but still got my pips. 2nd trade was live also and headed the other way. The 3rd shows the Asia. Now keep in mind I have no real idea what Doji is showing but this is just my quick and simple understanding of it. I just used rats for entries then placed a 10 or 15 pip sl. The 4th chart shows how I used a higher timeframe (1hr) with a candlestick patter (pin bar) in a chart pattern (rectangle). Using that info allowed for an extra entry at 129.50. Which would have netted you an extra 35 pips. Or using the htf and chart pattern you could project the 1st movement down from the top of the rectangle. Which was about 100 pips. Which is perfect cuz that is about the daily ATR and it puts the possible exit at 128.50 (round number) and a 1hr and daily zline. 5 different idea's for an exit talk about confluence. So all in all you had a chance of 20-90 for sure pips and possible up to 200 if price continues.

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[v8power]

That last post was written while trading, working out, doing laundry and cooking so my though process stopped and started a lot but I hope I got my point across.

This AJ chart is just showing some of the idea's you have been looking at in action. The 2nd shows how I go about for possible ideas in the future. If I would contine to hold long price needs to close beyond those 2 top black lines. If not then it could turn down. The blue lines show possible waves. Then since price has just gonna pretty much straight up there is a good chance it will either move sidesways or straight back down. The yellow lines show how it could move and where possible turning points are. The pink lines show S/R, H&S neckline, triangle formation. Then the dashed red lines are a pitchfork drawn from 15 degree angles and shows some possible confluence for price to go to.

Now don't think that this is how I think price is going to go but it is a possibility.

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[Mira]

Many times i feel that trading is sucking the life out of my body

Not profitable (atm) and obsessed: COMBO.

Its only a matter of time until your killing it Mira. You have 3 kickass traders advising you (Doji, Jala, MO). You seem to be trying to master many different idea's at once which might be hurting you a little bit. Then again you def already know more advance s**t then me. But maybe try just working on one idea for a month and see how much easier and more naturally it comes to you.

Take Doji's idea. 20 pips a day/session is all he needs (or started as a goal in the beginning). That's 100 pips a week. If you risked 1-3% per 10 pips that's 10 to 30% a week or 2 to 6 zero's in a year. Just trading like that is more then enough to make you rich. You don't need to make 1,000's of pips in a month or double/triple your account every week. Had I taken that advice I would have gotten a lot farther a lot quicker.

Here is an idea, one that I use myself. Do what Mark Douglas suggest and trade one way for 20 trades and record it all. Doji's style is perfect for this. You could use really basic idea's and almost make it systematic, so there is no emotions in any of the trades. Now my understanding is very limited and Im sure he goes into more detail then what I have read, but you could break it down into real simple steps. Candle must break high or low of a candle and then lets say within 4-8 candles we must have a break the otherway. So now you have the Doji box. Next you need a 2 or 3 on the sema. Then price must be above or below the MA that he recommends. Price then has to enter the box and then (and this is where my understanding of it stops) price moves out of the box or whatever he recommends for the trade to trigger. TP is a set 20 pips (or what he recommends) and set sl to whatever he says.

Only watch 2 pairs and only for 1 session for the first 3-4 hours. Take the trades without thinking. After those 20 trades assumimng you ended up in profit you will gain confidence. I looked at EJ reallyquick. There was 1 trade in asia and 2 in London. That's 60 pips. Then I also showed you how you can combine Doji idea with chart patterns, candlestick patterns and higher timeframes for even more pips.

The 1st trade I literally just opened the chart and it had just gotten done setting up so my entry was late but still got my pips. 2nd trade was live also and headed the other way. The 3rd shows the Asia. Now keep in mind I have no real idea what Doji is showing but this is just my quick and simple understanding of it. I just used rats for entries then placed a 10 or 15 pip sl. The 4th chart shows how I used a higher timeframe (1hr) with a candlestick patter (pin bar) in a chart pattern (rectangle). Using that info allowed for an extra entry at 129.50. Which would have netted you an extra 35 pips. Or using the htf and chart pattern you could project the 1st movement down from the top of the rectangle. Which was about 100 pips. Which is perfect cuz that is about the daily ATR and it puts the possible exit at 128.50 (round number) and a 1hr and daily zline. 5 different idea's for an exit talk about confluence. So all in all you had a chance of 20-90 for sure pips and possible up to 200 if price continues.

eurjpy-m15-fx-choice-limited.pngeurjpy-m15-fx-choice-limited-2.pngeurjpy-m15-fx-choice-limited-3.pngeurjpy-m15-fx-choice-limited-4.png

4 kickass traders counting you! Thank you much for helping!

I want to follow your suggestion about the 20 trades, I like the idea and it could help me to slow down a bit and focusing on the right targets.

About your second post I literally SEE what you mean, very clear! Perfect and powerful entries, there was time to accumulate a large lot size too..
Thanks for that chart V8.

[v8power]

Many times i feel that trading is sucking the life out of my body

Not profitable (atm) and obsessed: COMBO.

Its only a matter of time until your killing it Mira. You have 3 kickass traders advising you (Doji, Jala, MO). You seem to be trying to master many different idea's at once which might be hurting you a little bit. Then again you def already know more advance s**t then me. But maybe try just working on one idea for a month and see how much easier and more naturally it comes to you.

Take Doji's idea. 20 pips a day/session is all he needs (or started as a goal in the beginning). That's 100 pips a week. If you risked 1-3% per 10 pips that's 10 to 30% a week or 2 to 6 zero's in a year. Just trading like that is more then enough to make you rich. You don't need to make 1,000's of pips in a month or double/triple your account every week. Had I taken that advice I would have gotten a lot farther a lot quicker.

Here is an idea, one that I use myself. Do what Mark Douglas suggest and trade one way for 20 trades and record it all. Doji's style is perfect for this. You could use really basic idea's and almost make it systematic, so there is no emotions in any of the trades. Now my understanding is very limited and Im sure he goes into more detail then what I have read, but you could break it down into real simple steps. Candle must break high or low of a candle and then lets say within 4-8 candles we must have a break the otherway. So now you have the Doji box. Next you need a 2 or 3 on the sema. Then price must be above or below the MA that he recommends. Price then has to enter the box and then (and this is where my understanding of it stops) price moves out of the box or whatever he recommends for the trade to trigger. TP is a set 20 pips (or what he recommends) and set sl to whatever he says.

Only watch 2 pairs and only for 1 session for the first 3-4 hours. Take the trades without thinking. After those 20 trades assumimng you ended up in profit you will gain confidence. I looked at EJ reallyquick. There was 1 trade in asia and 2 in London. That's 60 pips. Then I also showed you how you can combine Doji idea with chart patterns, candlestick patterns and higher timeframes for even more pips.

The 1st trade I literally just opened the chart and it had just gotten done setting up so my entry was late but still got my pips. 2nd trade was live also and headed the other way. The 3rd shows the Asia. Now keep in mind I have no real idea what Doji is showing but this is just my quick and simple understanding of it. I just used rats for entries then placed a 10 or 15 pip sl. The 4th chart shows how I used a higher timeframe (1hr) with a candlestick patter (pin bar) in a chart pattern (rectangle). Using that info allowed for an extra entry at 129.50. Which would have netted you an extra 35 pips. Or using the htf and chart pattern you could project the 1st movement down from the top of the rectangle. Which was about 100 pips. Which is perfect cuz that is about the daily ATR and it puts the possible exit at 128.50 (round number) and a 1hr and daily zline. 5 different idea's for an exit talk about confluence. So all in all you had a chance of 20-90 for sure pips and possible up to 200 if price continues.

eurjpy-m15-fx-choice-limited.pngeurjpy-m15-fx-choice-limited-2.pngeurjpy-m15-fx-choice-limited-3.pngeurjpy-m15-fx-choice-limited-4.png

Price went right to are target of 128.50. +200 pips from super simple idea's.