How to be a MOnster

[Mr. Hyde]

Price makes it to the median line 80% of the time. Is that just in someones head or is that represented in the charts.

[Mira]

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

My idea is to enter with the min size for now..

about market orders:
I've seen that MO was keeping the ASK price on his chart and i stole his idea, as most of the ideas that i'm studying and trading

At first is strange but now i can see where i'm entering when i click the button (blue price), then the size that i'm using is so small that i'm not worried about slippage.

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[elkin.fernandez]

It means that you use 3 click method!. hehe.

But if I enter with 1/3 of my size and enter after with 2/3 left. These will do that I enter in different parts, not in a LINE. And what if price move so quickly and I enter in one line and after I enter in the next? What about my SL I would be risking more lines if I put my SL in the same -2 lines for all my entries.

[Mira]

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

Yep and this makes sense to me, simple and strong.

"Price closes over a line that you believe to be S&R" -MO

[Mira]

It means that you use 3 click method!. hehe.

But if I enter with 1/3 of my size and enter after with 2/3 left. These will do that I enter in different parts, not in a LINE. And what if price move so quickly and I enter in one line and after I enter in the next? What about my SL I would be risking more lines if I put my SL in the same -2 lines for all my entries.

Ahhh ok, got it!

Mmm.. if price is going away from the entry and you short more then your SL needs to move next to the current price, but if price is closing below, in theory, you could 'adjust' it to a more recent pivot/extreme/price level.

BTW if i build a RB of 10 lines that is the 1% of my account then i'm risking only the 0.2% every 2 lines.. so i don't need to divide my trade in 3/3. IMO

[Mira]

And I took the money too early, again

8E2B7BAD-5768-459C-A665-A2BF2A57C4D5.png (67.78 KiB) Viewed 2307 times

[MightyOne]

And I took the money too early, again

Based on what? Hours, days, weeks, months, years?

As Ken Roberts used to say, "if how much profit to take is your only problem then what a problem to have!"

[Mr. Hyde]

And I took the money too early, again

8E2B7BAD-5768-459C-A665-A2BF2A57C4D5.png

You made a profit that's all the matters (kind of). Besides good chance for a bounce at .8800 area. If not look for it to fall to .8650, .8400 and then .8000

[MightyOne]

If you want to see the illusion then drop 5 random lines on your chart and scroll backwards through the price history.

Shuffle the lines as many times as you wish and be amazed at your pip perfect accuracy

The truth hurts, I know.

[Mr. Hyde]

If you want to see the illusion then drop 5 random lines on your chart and scroll backwards through the price history.

Shuffle the lines as many times as you wish and be amazed at your pip perfect accuracy

The truth hurts, I know.

I was bored. Haha, I swear I placed these randomly. I could have trade these lines randomly and done better the most traders.