How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Fri Jul 21, 2017 9:51 am

It was bouncing around the tp so I closed it manually, latest pips are a real struggle sometimes :lol:

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Mira
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Re: How to be a MOnster

Postby Mira » Sun Jul 23, 2017 10:48 am

I made some backtest and I want to say that waiting for price returning to the zone with a close (WD) seems to be a good choice.

I need to go back to read how MO was teaching it!
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Re: How to be a MOnster

Postby Mira » Mon Jul 24, 2017 12:23 pm

Limit orders are kidding me :evil:

I planned the short in the weekend since I noticed a zone on a W1 + WD

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but price decided for drop before reaching my short.
I hope to see some flash pullback before it leaves forever.

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Re: How to be a MOnster

Postby MightyOne » Mon Jul 24, 2017 3:19 pm

There are so many ways that you can trade it...
however you decide to risk your lines is up to you.

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Mira
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Re: How to be a MOnster

Postby Mira » Mon Jul 24, 2017 3:56 pm

MightyOne wrote:There are so many ways that you can trade it...
however you decide to risk your lines is up to you.

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I don't know if I'm understanding well but this is very interesting.
I could have shorted half position to ensure me the trade and (as in this case) to accumulate some line #-o
LOL it's simple but I was sleeping on it.

Anyway.. do you usually use limit orders or do you prefer to watch where price is stopping and reversing?

Thanks!
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Re: How to be a MOnster

Postby Mira » Mon Jul 24, 2017 9:09 pm

Lines standardize the value on a chart.
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Re: How to be a MOnster

Postby Mira » Tue Jul 25, 2017 9:27 am

Nice move on USDJPY, too fast to get in on H4 (I was waiting for a wick in direction of loss + close).

It wicked and escaped pretty good.. lately I'm finding more problems getting in than in finding direction :shock:

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Re: How to be a MOnster

Postby MightyOne » Tue Jul 25, 2017 3:02 pm

Mira wrote:Nice move on USDJPY, too fast to get in on H4 (I was waiting for a wick in direction of loss + close).

It wicked and escaped pretty good.. lately I'm finding more problems getting in than in finding direction :shock:


You're turning into quite the powerful MOnster :wink: :)

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Re: How to be a MOnster

Postby Mira » Tue Jul 25, 2017 5:02 pm

MightyOne wrote:
Mira wrote:Nice move on USDJPY, too fast to get in on H4 (I was waiting for a wick in direction of loss + close).

It wicked and escaped pretty good.. lately I'm finding more problems getting in than in finding direction :shock:


You're turning into quite the powerful MOnster :wink: :)



LOL

I'm just fighting to get there!

Thank you much MO! :D
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Re: How to be a MOnster

Postby MightyOne » Tue Jul 25, 2017 5:02 pm

Where did price come from? Where did it go? Where did it return?

How much do I have to risk? How much of it am I risking? What do I realistically hope to gain from this trade?

1200 is a price and 1200 is an area (+/- 1 line)

The big question, "what do i do?", is something that everyone has to answer for themselves.


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