How to be a MOnster

[Mira]

Dancing valls, Mira.

Valls time, 1-2-3, 1-2-3 LOL

Nice chart Elkin!
Have you been on DCHappy’s thread?

I need to take a look and finally learn how to trade a 1-2-3!

[Mira]

This chart is the proof that S&Rs exist only in our heads

[elkin.fernandez]

Yes Mira. Although I haven´t been able to catch in a good shape 1-2-3. In live trading sometimes, I fail identifying the points.

I am reading some Dragon´s ideas and I like it.

My problem have been integrate EIGHTS to my entry points.

How do you do it? You enter with stops orders, limits orders or market orders?. I have problem with that because here in Venezuela the London Open is at 4:00 am and PreLondon about 1:00 am. Be there in front my PC at this time of the day is not easy for me.

[elkin.fernandez]

This chart is the proof that S&Rs exist only in our heads

Mira you could explain a little the chart. I cannot get it.

[prochargedmopar]

This chart is the proof that S&Rs exist only in our heads

I disagree.

The entire lower red candle is a support level.
The bottom half is a Mightyzone.
The median line, if I rememeber correctly, is a Dragon Line.
The top is a V8Power pivot OR Zero Line. (gap closed)
When price closes below it will become Resistance.
The Ole' failed ZL or Mini Mo trick. LOL

Man, I've been away too long!!

[Mira]

Yes Mira. Although I haven´t been able to catch in a good shape 1-2-3. In live trading sometimes, I fail identifying the points.

I am reading some Dragon´s ideas and I like it.

My problem have been integrate EIGHTS to my entry points.

How do you do it? You enter with stops orders, limits orders or market orders?. I have problem with that because here in Venezuela the London Open is at 4:00 am and PreLondon about 1:00 am. Be there in front my PC at this time of the day is not easy for me.

You just need to put on the indicator, wait for your entry and put your SL a few lines away from that level.
If it costs too many lines then i make my risk on a bigger time frame.
(BTW the trades that i'm posting lately are all demo and without considering any MM)


I'm trading at the market because i want to see the nearest target in front of me and i need to see it at the time i'm entering the trade.. what do you exactly mean when you say "My problem have been integrate EIGHTS to my entry points." ?

[elkin.fernandez]

You enter all your size in one time or you do what MO say about entering 1/3 first and wait see price in idea direction in order to click and enter 2/3 left?

About integration of eights to my trading I dont know i feel that market orders never enter in price I desire. LOL. So I prefer in this case stop orders. But all occurs sometimes so quickly and I miss the trade. And if i enter late i have to decrease my size and this sucks! LOL

[prochargedmopar]

See the two red arrows?
Resistance and support.

It is not imaginary.

No follow through?
Look at the time of day.

IMG_1893.JPG (123 KiB) Viewed 2478 times

[elkin.fernandez]

MIra what about the last image. I dont understand.

I ever remember that idea of MO about S6R only exist in our minds. But I have been many charts and I haven´t been able to SEE why he say that.

[Mr. Hyde]

This chart is the proof that S&Rs exist only in our heads

I disagree.

The entire lower red candle is a support level.
The bottom half is a Mightyzone.
The median line, if I rememeber correctly, is a Dragon Line.
The top is a V8Power pivot OR Zero Line. (gap closed)
When price closes below it will become Resistance.
The Ole' failed ZL or Mini Mo trick. LOL

Man, I've been away too long!!

What is a V8power pivot. haha. He would love having something named after him.

Median lines are normally, pitchforks or angles.

S/R does exist only in are mind, but as human we project what is in our minds into the market and they become self fulfilling. That's all