How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Thu Apr 12, 2018 3:10 pm

Guys you have no idea about how is hard to understand that the 'line you are trading away from' is not necessarily the trigger. :lol:
It's a REAL elusive concept.
__________ THE :smt096 IS A LIE__________

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PhilipLangford
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Re: How to be a MOnster

Postby PhilipLangford » Fri Apr 13, 2018 12:26 pm

Mira wrote:Guys you have no idea about how is hard to understand that the 'line you are trading away from' is not necessarily the trigger. :lol:
It's a REAL elusive concept.

Excuse me butting in but it's actually fine if you NEVER use the line as a trigger. A rat entry is perfectly fine as a trigger.
Take the daily open for example. You don't need to pull the trigger every time price touches the daily open. Look at the
candles moving away from the daily open and imagine RAT entries on each of them. Where would you have been profitable? Where
would you have taken a loss? The daily open is just a line, same as a zline, or any other line. The difference being with a zline
or an extreme
you generally only trade in one direction away from it.

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Mira
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Re: How to be a MOnster

Postby Mira » Fri Apr 13, 2018 12:51 pm

PhilipLangford wrote:
Mira wrote:Guys you have no idea about how is hard to understand that the 'line you are trading away from' is not necessarily the trigger. :lol:
It's a REAL elusive concept.

Excuse me butting in but it's actually fine if you NEVER use the line as a trigger. A rat entry is perfectly fine as a trigger.
Take the daily open for example. You don't need to pull the trigger every time price touches the daily open. Look at the
candles moving away from the daily open and imagine RAT entries on each of them. Where would you have been profitable? Where
would you have taken a loss? The daily open is just a line, same as a zline, or any other line. The difference being with a zline
or an extreme
you generally only trade in one direction away from it.



Thanks for replying Philip!

I’m seeing it exactly how you do, finally!
I always knew that but I understood what it means just a few days ago #-o
Thanks to PTG, LeM and IgazI, which showed on the board how one could trade away from the close/open price, I noticed that THAT line just creates a bias.. the trigger could a be RAT above or below the line, as you are saying.

Now this sounds obvious but it wasn’t for me :lol:

However I’m building my trading plan and it’s based on the Doji style for various reasons.
Again, only now I’m grasping what was Doji about when he said “don’t use the candles that form the zone, the next bars are the triggers”.

Ops.. I got it one year later lol :oops:
__________ THE :smt096 IS A LIE__________

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PhilipLangford
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Re: How to be a MOnster

Postby PhilipLangford » Fri Apr 13, 2018 1:05 pm

Mira wrote:
PhilipLangford wrote:
Mira wrote:Guys you have no idea about how is hard to understand that the 'line you are trading away from' is not necessarily the trigger. :lol:
It's a REAL elusive concept.

Excuse me butting in but it's actually fine if you NEVER use the line as a trigger. A rat entry is perfectly fine as a trigger.
Take the daily open for example. You don't need to pull the trigger every time price touches the daily open. Look at the
candles moving away from the daily open and imagine RAT entries on each of them. Where would you have been profitable? Where
would you have taken a loss? The daily open is just a line, same as a zline, or any other line. The difference being with a zline
or an extreme
you generally only trade in one direction away from it.



Thanks for replying Philip!

I’m seeing it exactly how you do, finally!
I always knew that but I understood what it means just a few days ago #-o
Thanks to PTG, LeM and IgazI, which showed on the board how one could trade away from the close/open price, I noticed that THAT line just creates a bias.. the trigger could a be RAT above or below the line, as you are saying.

Now this sounds obvious but it wasn’t for me :lol:

However I’m building my trading plan and it’s based on the Doji style for various reasons.
Again, only now I’m grasping what was Doji about when he said “don’t use the candles that form the zone, the next bars are the triggers”.

Ops.. I got it one year later lol :oops:


That's awesome that you finally got the line concept.
You might now see all those other ideas as just fancier and fancier ways of deciding where your 'line' is.
You might gain an edge using angles, zlines, S/D zones etc. But the daily open will usually do just fine.
Now let's join TRO, MO and the others and drain some banks dry :D

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IgazI
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Re: How to be a MOnster

Postby IgazI » Fri Apr 13, 2018 1:35 pm

Mira wrote:Guys you have no idea about how is hard to understand that the 'line you are trading away from' is not necessarily the trigger. :lol:
It's a REAL elusive concept.


You can only enter at a line or between lines; there are no other prices available :lol:

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