How to be a MOnster

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MightyOne
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Re: How to be a MOnster

Postby MightyOne » Tue Nov 07, 2017 7:09 pm

Mira wrote:
Very beautiful post MO.

Yes, patterns could have two different solutions but sometimes the question is simple as “is price high or low”?

Please MO could you show me the angled platform that you’re talking about on that chart?

Thanks! :D


This thing that we see all of the time of price getting shy as it nears a level.

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Re: How to be a MOnster

Postby MightyOne » Tue Nov 07, 2017 7:18 pm

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Re: How to be a MOnster

Postby Mira » Tue Nov 07, 2017 11:49 pm

MightyOne wrote:for_Mira.png


Am I following?

D99E62EB-F52D-4461-8B94-3465C4FC947A.jpeg
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Thanks MO
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Re: How to be a MOnster

Postby MightyOne » Wed Nov 08, 2017 12:39 am

Mira wrote:
Am I following?

Thanks MO


That is correct...
and if you did re-enter then you might take it to the +3 line.

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Re: How to be a MOnster

Postby MightyOne » Wed Nov 08, 2017 3:14 pm

Code: Select all

 A lot of the times, with the black TL, instead of drawing it first, I'll wait for something that looks like it breaks a TL and then prepare the  chopsticks.
 The orange TL are mostly fixed, but if the 2 SMA bumps the first line and then dips back down then I might swing the chopsticks away so that it is no longer touching the line chart.

 Notice that we only care about how many lines we usually see; it doesn't matter how many pips it is as the money is based on segments of range.

 Let's say that you take the Rat trade at $25/line and you make 2 lines or $50: (10/8)25 you are now trading for around $31.25/line.
 You take an entry at the '1' line, pivot BO, and exit at the '3' line for +$62.50: (10/8)31.25 you are now trading for around $39.06
 Price enters the chopsticks, you see an over/under, short the '3' line, and exit for 2 lines or $78.12: (10/8)39.06 = $48.82/line
 
 Price retraces into a micro pattern and you think that it will cont. short. You are brave but you are not that brave so you halve your size to
 $24.41 to make half lines until there is some sign that price might reverse (result unknown).

 Had you stayed at $25/line then you have made 6 lines or $150.
 Stacking you made $190.62 or 7.624 lines and even though you are making 'half lines' on the last trade it is still nearly $25/line and if that trade doesn't end in a loss then you will be making over 2 lines of $25 for each line that price passes through: your 20 pip trades become 40 pip wins, your 40 pip wins become 80 pip wins, etc; you need money not pips.

 When people tell you that you need to make more pips than you risk it is because they assume that you are trading for pips: some people trade for pips where as other people trade for money.


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Re: How to be a MOnster

Postby Mira » Wed Nov 08, 2017 6:24 pm

MightyOne wrote:

Code: Select all

 A lot of the times, with the black TL, instead of drawing it first, I'll wait for something that looks like it breaks a TL and then prepare the  chopsticks.
 The orange TL are mostly fixed, but if the 2 SMA bumps the first line and then dips back down then I might swing the chopsticks away so that it is no longer touching the line chart.

 Notice that we only care about how many lines we usually see; it doesn't matter how many pips it is as the money is based on segments of range.

 Let's say that you take the Rat trade at $25/line and you make 2 lines or $50: (10/8)25 you are now trading for around $31.25/line.
 You take an entry at the '1' line, pivot BO, and exit at the '3' line for +$62.50: (10/8)31.25 you are now trading for around $39.06
 Price enters the chopsticks, you see an over/under, short the '3' line, and exit for 2 lines or $78.12: (10/8)39.06 = $48.82/line
 
 Price retraces into a micro pattern and you think that it will cont. short. You are brave but you are not that brave so you halve your size to
 $24.41 to make half lines until there is some sign that price might reverse (result unknown).

 Had you stayed at $25/line then you have made 6 lines or $150.
 Stacking you made $190.62 or 7.624 lines and even though you are making 'half lines' on the last trade it is still nearly $25/line and if that trade doesn't end in a loss then you will be making over 2 lines of $25 for each line that price passes through: your 20 pip trades become 40 pip wins, your 40 pip wins become 80 pip wins, etc; you need money not pips.

 When people tell you that you need to make more pips than you risk it is because they assume that you are trading for pips: some people trade for pips where as other people trade for money.


for_Mira.png


Thanks MO!

I surely want to trade for money :D
Cool that I can do it on bigger charts with the same result.
Learning EIGHTS is all I need, this is for sure.
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Re: How to be a MOnster

Postby elkin.fernandez » Thu Nov 09, 2017 3:08 am

Mira Eights are the easiest MM ever done.lol
My long term bag: Bitcoin, ZCash and Chainlink 8)

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Trade a line, risk a line, make a line...

Postby MightyOne » Thu Nov 09, 2017 5:44 pm

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Re: Trade a line, risk a line, make a line...

Postby Mira » Thu Nov 09, 2017 6:08 pm

MightyOne wrote:EURJPYM15.png


BOOOM :smt007
It worked like magic!

I took this one, it made its job too. Thanks MO

3ABBD813-B9E6-4DE4-AE17-673D1F234A50.png
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Re: Trade a line, risk a line, make a line...

Postby MightyOne » Thu Nov 09, 2017 6:18 pm

Mira wrote:
BOOOM :smt007
It worked like magic!

I took this one, it made its job too. Thanks MO


Magic seems to defy all laws until you learn the trick.

"How can ANYONE possibly make money in the markets? I mean it's pure RANDOMNESS! Coins appearing and vanishing and then reapearing out of ears and noses and ... :lol: "

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