How to be a MOnster

[tom7ak]

BuyorSellSI.png (6.68 KiB) Viewed 3276 times

I dont know if its only me, but looking at these charts i would be tempted to sell one and buy another. These are charts from different brokers...

[Mira]

How much can you make on $100 of initial risk? Thousands!

If you are going to risk a lot of money then make sure that it belonged to someone else

for_Mira.png

Thank you MO!

I love this pic but I'm not getting the math at the bottom of the chart.
12.5 over 2 lines is the starting risk.
Then you made 5 lines, why 12.5 became 17.2 and then 27.9?

[Mira]

BuyorSellSI.png

I dont know if its only me, but looking at these charts i would be tempted to sell one and buy another. These are charts from different brokers...

Mmm they looks like short-term shorts from the tops (as I did with my 'blip' + the second drop) and possibile long-term longs from the middle of the momo.

About shorts on the tf you posted:

Nice drop on the first chart but with no MOMO, weak Doji Zone on the second one but targeting the middle of the bullish momo, as it already did when you posted it.

About longs on the tf you posted:

No signals at the time you posted that charts but still a midpoint.


This is just IMO

[Jalarupa]

BuyorSellSI.png

I dont know if its only me, but looking at these charts i would be tempted to sell one and buy another. These are charts from different brokers...

Let me show you what is the only thing that matters... and its been proven by the price action leading into the move and out of the move...



Draw your trend line in the direction of the breakout and watch what happens...







These above charts were marked up over two weeks ago with no changes to them...

Cone POWER!

[MightyOne]

Thank you MO!

I love this pic but I'm not getting the math at the bottom of the chart.
12.5 over 2 lines is the starting risk.
Then you made 5 lines, why 12.5 became 17.2 and then 27.9? :?

We started by risking $12.50/line.
+3 lines is ((8+3) / 8) * $12.50 or roughly $17.20
+5 lines is (13/8)$17.20 or roughly $27.90 per line.
-2 lines is (6/8)$27.90 or 8 lines of $20.90

The rule for reducing our position size is that we don't go below the min. size of $12.50/line

The chart showed the hourly, 4-hour, & and daily line spacing with an ending size of 4 lines of $148.40 at the daily
level. From there we would bring it back to 4 lines after a loss and that might look something like this (1.8/4)148.40
or $66.70/line and then +2 lines is (6/8)66.70 or 8 lines of $50.

"What remains and how am I going to utilize it", that is the only question that you should be asking after a 'losing' trade.

You don't need to get the next trade right, you need to: focus on the money, take risks, & deal with the consequence.

If you didn't destroy your risk-box then it doesn't matter and if you didn't reach your profit goal then don't call it a 'win'.

[Mira]

BuyorSellSI.png

I dont know if its only me, but looking at these charts i would be tempted to sell one and buy another. These are charts from different brokers...

Let me show you what is the only thing that matters... and its been proven by the price action leading into the move and out of the move...



Draw your trend line in the direction of the breakout and watch what happens...







These above charts were marked up over two weeks ago with no changes to them...

Cone POWER!

Thanks Jalarupa!

Sorry for the many questions but is not that easy..

Two hooks (aka two Zs?) = a triangle. I think I see it but isn't a triangle already 'broken' when you draw a double hook? (As saying that the second hook is our long/short)
I can't see where to enter the trade looking at that lines


image upload

And here I tried to answer at your "from where" "to where", the result looks like MO's ovals.. coincidence?
This is not making light on how to trade angles..
But I'd have a question: do you trade a line in both the directions? (The same q for angles)


image upload

Thank you much!

[tom7ak]

BuyorSellSI.png

I dont know if its only me, but looking at these charts i would be tempted to sell one and buy another. These are charts from different brokers...

Let me show you what is the only thing that matters... and its been proven by the price action leading into the move and out of the move...

Draw your trend line in the direction of the breakout and watch what happens...


These above charts were marked up over two weeks ago with no changes to them...

Cone POWER!

Its like magic:) thanks Jalarupa, i`ll try to

More Cones and Some Horizontals.png (57.34 KiB) Viewed 3359 times

remember to get back to it and study ur charts a bit closer. i cannot be shifting my focus/systems every day as i normally do:) i love ur charts. they are actually quite neat:)

[Mira]

Thank you MO!

I love this pic but I'm not getting the math at the bottom of the chart.
12.5 over 2 lines is the starting risk.
Then you made 5 lines, why 12.5 became 17.2 and then 27.9?

We started by risking $12.50/line.
+3 lines is ((8+3) / * $12.50 or roughly $17.20
+5 lines is (13/8)$17.20 or roughly $27.90 per line.
-2 lines is (6/8)$27.90 or 8 lines of $20.90

The rule for reducing our position size is that we don't go below the min. size of $12.50/line

The chart showed the hourly, 4-hour, & and daily line spacing with an ending size of 4 lines of $148.40 at the daily
level. From there we would bring it back to 4 lines after a loss and that might look something like this (1.8/4)148.40
or $66.70/line and then +2 lines is (6/8)66.70 or 8 lines of $50.

"What remains and how am I going to utilize it", that is the only question that you should be asking after a 'losing' trade.

You don't need to get the next trade right, you need to: focus on the money, take risks, & deal with the consequence.

If you didn't destroy your risk-box then it doesn't matter and if you didn't reach your profit goal then don't call it a 'win'.

So I'm making money faster and losing money faster too (than a non-stacking strategy) if i don't switch to a bigger timeframe. Is it right?

And switching from 8 lines on H1 isn't:

- 4 lines H4
- 2 lines D1?

Thank you much!

[Jalarupa]

[quote="Mira
Thanks Jalarupa!

Sorry for the many questions but is not that easy..

Two hooks (aka two Zs?) = a triangle. I think I see it but isn't a triangle already 'broken' when you draw a double hook? (As saying that the second hook is our long/short)
I can't see where to enter the trade looking at that lines

And here I tried to answer at your "from where" "to where", the result looks like MO's ovals.. coincidence?
This is not making light on how to trade angles..
But I'd have a question: do you trade a line in both the directions? (The same q for angles)

Thank you much! [/quote]



You enter on a line in the direction of profit... Same as always... Nothing has ever changed... nothing will ever change... parampara

And it looks like MO's because these images are MO's they are not mine...

In terms of how I trade it... I trade it from "oval to oval" supply to demand (especially on a H4+ chart)

So if price is high I sell if price is low I buy...

The angles allow me the accuracy on a H4+ chart to get a lot of time (unless hit during news) to scale down to a smaller TF and plot my entry with pinpoint accuracy - Therefore allowing me to have a stop of 10-15 pips for 1% risk for a move of 50-150+ pips

[Jalarupa]

Its like magic:) thanks Jalarupa, i`ll try to More Cones and Some Horizontals.pngremember to get back to it and study ur charts a bit closer. i cannot be shifting my focus/systems every day as i normally do:) i love ur charts. they are actually quite neat:)

Thanks... but the concept is quiet simple... and its not a system... its just a way of seeing price structure for what it is... you add to your observation the stuff that you already know and then you have something truly bullet proof...