How to be a MOnster

[nat]

my take on recent G/U 4h

patterns and breakouts

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[Mira]

Never give up!

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Straight to the other side

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Beautiful Momentum leaving the zone, unfortunately i was on a wrong side again:) Scalped down, up and then got caught up buying lows. Why???

Bearish momentum on H4 left the zone after it reached it's minimum target for longs (top of the zone), yep it went very close to the lower extreme* (sl) but it did its job.


* i have to say that price wasn't making higher closes on smaller timeframes.. only fast bearish momentum, but i took the trade without "confirmation" so i suffered the draw-down.

[MightyOne]

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[MightyOne]

Where there is a will there is a way.

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[nat]

for_Mira.png

mo how do you figure your lines? i understand the top 2 but the bottom one i dont see what its from?
and the red circles too?

[Mira]

for_Mira.png

An area around the highest extreme and the lowest extreme 'living' in that moment and in that chart

+ the midpoint

[Mira]

Mmm latest charts from MO inspired me some idea!

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I remembered of some good discussion in TRO's REPAINT THIS!https://www.kreslik.com/forums/topic1686?hilit=repaint

[Mira]

Where there is a will there is a way.

USDTHBMonthly.png

MO

Are midpoints just to take profit? Or there is some standard truth ("rule") around them?


Thanks

[Mira]

I feel that I'm close to a solution but I need to understand a few points..

I.e.

1) 'Doji zones' look like midpoints, is it a my impression?
What does it mean?

2) If yes, why we are taking trades in the zone and not in the areas between the zone and the extremes?

[MightyOne]

for_Mira.png

mo how do you figure your lines? i understand the top 2 but the bottom one i dont see what its from?
and the red circles too?

A line is 38.2% of the average hourly range (currently 32 bars, but 48 is fine) multiplied by 2 for each larger chart (eg H1:5, H4:10, D1:20, W:40, MN:80).

Average range, chart period, & 'wickyness' all play an important role in deciding the exact price from which lines are projected.

It is all patterns and breakouts, closes and wicks, no matter which chart you are looking at.
Simply comb through the H4+ for ideas (based on patterns and breakouts / closes and wicks)
and then search for trades on small charts that can merge with the overall idea of what it
is that you are trying to do.

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If you don't see it on the chart then I don't currently use it or even think about it.

You see MA sticking out at the left of the chart and I use that for two things.
The first is to mark off 32 bars because that is the maximum number of bars that I will consider on any given chart.
The second is to quickly switch over to a line chart setup so that I don't have to switch templates to follow along with
dchappy:

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I use a 2 SMA of the CLOSE shifted -32 & a 32 SMA of the HL2 shifted -30.

It gives the same signal as the AO and I don't have to go over my bar limit