How to be a MOnster

[Mira]

Keeping It simple paid off, over and over.

Nice one V8, thanks

I was focusing on the lower level for longs and on the upper level (around your acutal target) for shorts.

I'm looking only at EJ and GU btw, as you told me.

[v8power]

Keeping It simple paid off, over and over.

Nice one V8, thanks

I was focusing on the lower level for longs and on the upper level (around your acutal target) for shorts.

I'm looking only at EJ and GU btw, as you told me.

Yay someone who listens to me. GU was gonna be a little tougher cuz of all the news this week. But now that we might have are low pivot below, time to start looking for area's to exit or hedge and then places to get back in again.

[Mira]

Keeping It simple paid off, over and over.

Nice one V8, thanks

I was focusing on the lower level for longs and on the upper level (around your acutal target) for shorts.

I'm looking only at EJ and GU btw, as you told me.

Yay someone who listens to me. GU was gonna be a little tougher cuz of all the news this week. But now that we might have are low pivot below, time to start looking for area's to exit or hedge and then places to get back in again.

Nice!
I'm ready

[prochargedmopar]

Thanks MO
I didn't get what you're saying about position sizing
...

I marked this 30 minute chart for you Mira.

The idea is simple, the older the data the larger the chart & the larger the chart the wider the lines.

Your entry line on the H1 zone could be one H1 line below the H4 zone and that would look good.

Be ever mindful of the sum of your risk-box and how many segments that you are putting at risk; if you can
do this one thing then you can risk your money however you see fit.

EIGHTS tricks you to managing your money well:
Before you might have risked 2% per trade but the risk-box forces you to break it up into say 8 segments of .25% of which you will risk around
2 segments or .5%
Before you might have spread your risk over 10 pips but the segments force you to trade a width based on price movement and age of data.
Before you might have took partial profits at 2.5 pips where as now you look at it as 2.5/10 pips or 25% of your zone (.5 lines)

for_Mira.png

If you feel that you could write a book on how to use pitchforks then by all means use them, but if you are just learning then I would suggest that you stick to horizontal lines and focus on managing your money.

Would I have put this magic angle on my chart? Sexy as it is, no I would not.
& there are a great many ideas from the past that I have set aside in favor of T-R-O.

for_mira2.png

Risking 0.25% is great if your pulling in 10-20r like V8.
If not, I don't see the profitability in it.

The last 2 nights I stayed up till 4am listening to ICT ramble.
This is the last month and he is gone.
I can tell the guy is burnt to a cinder from daily webinars.
Having a REAL job is hard work!!!

I'm going to start studying some posts in this thread instead and make it a 1-2hr London open church session.
Time to get religion.

[v8power]

Missed it cuz I was at Woodward dream cruise. But one of my favorite setups. In at 129.50, tp 128.90. Might bounce at 129.13, look for a retrace around 129.40 to sell it again.

eurjpy-m30-oanda-division1.png (42.23 KiB) Viewed 3893 times

eurjpy-h4-oanda-division1.png (47.66 KiB) Viewed 3893 times

[v8power]

Took profit on my UJ, made 12 to 1. Added on to EJ

[Jalarupa]

Took profit on my UJ, made 12 to 1. Added on to EJ

POWER

[v8power]

Took profit on my UJ, made 12 to 1. Added on to EJ

POWER

Thanks Jala. How have things been with you. Anything new to your trading.

[Jalarupa]

Took profit on my UJ, made 12 to 1. Added on to EJ

POWER

Thanks Jala. How have things been with you. Anything new to your trading.

All good man!

Trading is always offering new perspective and new insight... Busy building a VPS Server for automated trading and trade management... Hope all is well with you.

[v8power]

Its all about pivots. Break out above/below, retrace back to it, then continue on its path.