How to be a MOnster

[v8power]

After you get consistent with taking down 20 pips a trade/day then you move to the, hold for a day or two or until the crash zone is reached for the week. Then on to the WMY extreme moves. Let me give you a big tip that cost me a lot. You cant hold for a day or more based on small charts (anything under 4hr). Maybe you can a freak moves here or there but not consistenly. Watch how I take a trade on the 15m chart, where I place my SL and where it is as I move up the timeframes.

gbpusd-m15-fx-choice-limited.pnggbpusd-h4-fx-choice-limited.pnggbpusd-d1-fx-choice-limited.pnggbpusd-mn1-fx-choice-limited.png. Look how the SL always stays outside of intraday movement. When you finally get to the daily chart your SL is underneath a S/R line and at a DWM extreme. This is a strong position. Also notice how I used Doji style exclusively on each trade. This is how you trade large charts with super small SL if you want. You could have taken the trade on the 15m with a 20 pip sl and aimed for 50 or 100 to 1 returns. With out OPM.

Does this happen all the time. *censored - swear word* NO. I have about a 60% win ratio on HTF charts. But my min RR is 5-10 to 1, with 10-20 to 1 prob about half.

The key to these type of trades is patience and waiting for the perfect setup. You need the lower time frame at a htf area of interest. Then you need a chart patter, candlestick pattern, a HTF extreme or something like a 123 setup. But they do happen and you will start to see them.

Possible one on the E/G forming right now. Look at the monthly, daily, 1hr and 30 min.

Also GA setup good.

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Here is the beautiful setup on EG. Short term target is about 400 pips, long term almost 1,500. 20 pip sl. Do the math

[v8power]

Daily zline, drop down to the 4hr and see a 123. Then pick your exit. 20 pip sl, 200 pip move. 10 to 1 RR.
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Gosh that was good
Thank you V8

I started immediately and now i'm trying this one (demo), let's see how it works!

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Top yellow line on 4hr is support becoming resistance and a zero/dragon line. We don't want price closing above this. Bottom yellow is confluence with crash zone plus resistance becomes support. Also it is at 112.60 so I would either aim for 112.75 or 112.50. 1hr shows pin bar with early entry at 113.40 (healf way up the wick).usdjpy-h4-oanda-division1.pngusdjpy-h1-oanda-division1.png

Like taking candy from a baby.

[Mira]

I'm still on this loss that I took and it makes no sense.
For some reason it wasn't momentum, but why?

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[Mira]

btw considering the circle as a wick

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Or the zone that worked at least one time

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Reversal looks perfect.

[v8power]

I'm still on this loss that I took and it makes no sense.
For some reason it wasn't momentum, but why?

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Simple. HTF trump STF.

[v8power]

Here is where and why I would have entered.

[v8power]

Im putting together a "Dummies guide to the idea's on Kreslik". Just my thoughts on what is taught here but in simple terms so I could understand it. Should be done in a week or so

[MightyOne]

Simple. HTF trump STF.

When it's time to move it's time to move

You can make arguments for long trades but there is not much that you can point to as a reason for holding long.

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[v8power]

In my eyes 123, doji box and MO's teaching of momo is all of the same spirit.

A 123 is a high or low pivot the 1. Then price moves away and creates the 2 when it starts to retrace back to the 1. Then it creates the 3 point enter with the TTE.

MO waits for momo which creates the 1 and 2 point at the low and high. Then retraces and wicks a zline and enter the 3 point.

Doji says (this is for a short trade) up bar closes beyond an extreme of a previous bar. Wait for a 2 or 3 sema (the 1 point). Down bar closes under the extreme of a bar, this creates the box. Then price pivots and retraces back to the box (2 point). Prices enters box and then we wait for it to exit for a short trade and it creates the 3 point. That's why we take only shorts when above ma and long below.

But im neither doji or mo and could be talking out my ass.

[v8power]

Simple. HTF trump STF.

When it's time to move it's time to move

You can make arguments for long trades but there is not much that you can point to as a reason for holding long.

for_you.png

Wiseman say "Price eithers closes or doesn't close over a line you consider to be S/R". Haha