How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Fri Aug 11, 2017 8:24 pm

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v8power
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 8:26 pm

Mira wrote:
v8power wrote:I don't think my "tone" came through on that last post. I didn't mean any disrespect to you MO, I was more of mocking those who doubt ya.

Mira if I understand what your saying is your looking for a daily chart that starts at a different time then midnight, correct? The chart on the left is 5pm est open and one on the right is 12am est. To me the 5pm shows the price movement much clearer and is what I normally use for my trading.

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Thanks V8

How have you switched the start time?
Is it given by the broker?


Just different brokers. The 5pm start is fx live which I use for dailies and the other is onanda which gives me the 4hr candles starting at us open.

v8power
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 8:35 pm

Update

After reviewing the chart I realized the bottom ML wasn't on the lowest pivot. Look how that slight change then gave us an area were 2 angles met (even better then an angle and horz line meeting).

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v8power
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 8:39 pm

v8power wrote: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.


Now that Is just beautiful.
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v8power
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 8:44 pm

v8power wrote:Yellow lines are my "something line". Purple is the up trend line. Black box is area were horz lines intersect angles. Red lines were drawn at 15 and I cut through a hook the placed its opposite nwhich offered confluene with the black box.

Price is currently at a support and trend line. Good chance it will bounce up, find resistance and then sell off again.


look how my "story" of price was dead on. Bounced up, sold off and went right to the confluence of the box and angles. This also shows how I use angles. Super simple like everything else I do.
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 9:22 pm

v8power wrote:Last one. I have posted around a half dozen HTF charts and how to trade them (AND IN ADVANCE SO NO CHERRY PICKING). Its the same over and over.

gbpusd-d1-fx-choice-limited.png


Took a loss on the first attempt. Price then retraced some more (right into a doji box and support). Dropped down the the 1hr and found a doji box to get my entry @ .2960 sl @ .2930. TP is off the weekly zline at .3260. 300 pips from a 30 pip sl :mrgreen: .

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v8power
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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 9:45 pm

v8power wrote:A live in the moment, called ahead of time yearly extreme trade using a lower timeframe. See. Its is possible. It is easy. It might win. It might lose. But if you enter the trade as a scalp and want to hold for more then 20 pips, now is the time cua your sl should be above a HTF something.


It was a loser!!! But guess what. Look how the story of price on the daily actually worked perfectly, it just hadn't found the top yet. The updated daily chart all the lines are the same, just moved over to compensate for the time movement. The only added line was the thick purple line. But look how made a perfect 123 at the top, dropped a little, then price consolidated (formed a triangle) broke down, then bounced up and retested Support which became resistance and then sold off again.

15m timeframe for entry. 20 pip sl, over 400 pip potential gain. 20 to 1 RR.

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Re: How to be a MOnster

Postby v8power » Fri Aug 11, 2017 10:10 pm

So lets recap. GA, UJ, EA were perfect winners. GU and AJ we had the correct analysis but were early and took 1 loss each. I had also mentioned EG which will call a hard loser (wrong analysis) and GJ which is still in profit. So out of 7 pairs only 1 real loss, 2 losses that were recovered and 3 straight up wins. All of the trades offered at least 300 pips to win. Massive gains even just trading sl/tp style. Now you do it with stacking and the gains are sick and unreal.

Oh here is a oil one. 3 possible entries already with the potential to hit 53-55. I don't trade oil (CFD or futures) so I don't know how the works out $$$ wise, but im sure its a nice gain.
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Re: How to be a MOnster

Postby MightyOne » Sat Aug 12, 2017 12:09 am

Mira wrote:...

Mmmm. What can I do? :?:


Let's look at a basic exit-playbook that a scalper might use:
(any scalpers out there are free to comment)

Stop-limit: -8 stop, -10 limit:
1) exit 2 units at +2.5: (2/5)2.5 for +1
2a) exit 1 unit at +5.0: (1/5)5.0 for +1
2b) set a stop loss at -5 (aka 'stop profit order')
3) exit 2 units at +20.0: (2/5)20 for +8
______________________________________
total: 10+ pips.

Your risk will usually be 6 pips or less.

When you are up 20+ pips on 5 units then you are done for the day.

Using a stop loss as a tool to take profit is something that a fool would do:
use a stop loss to 'stop loss' and a take profit to take profit.

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Mira
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Re: How to be a MOnster

Postby Mira » Sat Aug 12, 2017 11:34 am

v8power wrote:
v8power wrote:Last one. I have posted around a half dozen HTF charts and how to trade them (AND IN ADVANCE SO NO CHERRY PICKING). Its the same over and over.

gbpusd-d1-fx-choice-limited.png


Took a loss on the first attempt. Price then retraced some more (right into a doji box and support). Dropped down the the 1hr and found a doji box to get my entry @ .2960 sl @ .2930. TP is off the weekly zline at .3260. 300 pips from a 30 pip sl :mrgreen: .

gbpusd-d1-fx-choice-limited.pnggbpusd-h1-fx-choice-limited.pnggbpusd-w1-fx-choice-limited.png


Nice reversal :shock:
How have you decided for that target?
I'd have been out after 30 pips in profit :lol:

Thanks!
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