How to be a MOnster

[nat]

Hi nat!

Can I ask you how do you see price levels?

I focused very much on reversal trades and now they are working for me, but your entry style looks different and I’d like to learn.

Thank you much!

closes of candles in a tight area. If you switch chart to bar chart its a little easier for them to be seen. the eights indicator doesnt work with marketscope2.0 so i use my own indicator where i manually changed the line widths. mine are usually a little wider than how MO does it. marketscope gives the option to merge with mondays, hide or show the sunday data. havent decided which one i like yet lol

use the chart then look for a double failure

hmm i didnt think to look that far back, thanks!

[Captain Pugwash]

Hi nat!

Can I ask you how do you see price levels?

I focused very much on reversal trades and now they are working for me, but your entry style looks different and I’d like to learn.

Thank you much!

closes of candles in a tight area. If you switch chart to bar chart its a little easier for them to be seen. the eights indicator doesnt work with marketscope2.0 so i use my own indicator where i manually changed the line widths. mine are usually a little wider than how MO does it. marketscope gives the option to merge with mondays, hide or show the sunday data. havent decided which one i like yet lol

use the chart then look for a double failure

hmm i didnt think to look that far back, thanks!

Hi Nat- i am sure others do it and see it differently

I have a condition called aphantasia - so have zero minds eye (bit of a shock to find i was so different)

i am sure there are others here with superfantasia - thy build images in their mind and can eff about with em .

you have to find what works for you

[Mira]

Hi nat!

Can I ask you how do you see price levels?

I focused very much on reversal trades and now they are working for me, but your entry style looks different and I’d like to learn.

Thank you much!

closes of candles in a tight area. If you switch chart to bar chart its a little easier for them to be seen. the eights indicator doesnt work with marketscope2.0 so i use my own indicator where i manually changed the line widths. mine are usually a little wider than how MO does it. marketscope gives the option to merge with mondays, hide or show the sunday data. havent decided which one i like yet lol

use the chart then look for a double failure

hmm i didnt think to look that far back, thanks!

2+ closes in a tight area is pretty clear.. then price BO and
you trade in that direction?

Thank you Nat!

[Mira]

2017-09-25_1804.png

use the chart then look for a double failure EDIT or i should say a failure, as the line is the first to fail to close over)

Hi Captain!

What is a double failure?

Thanks!

[Captain Pugwash]

it is the rejection of a level or an area of interest, you yourself marked up such an area in a reply to mr hyde on mo's thread.

however please bear in mind that a dragon line is a wick on the next highest timeframe

[Mira]

it is the rejection of a level or an area of interest, you yourself marked up such an area in a reply to mr hyde on mo's thread.

I can't remember.. I have a terrible memory

btw i got it now, thank you!

it is the rejection of a level or an area of interest, you yourself marked up such an area in a reply to mr hyde on mo's thread.

however please bear in mind that a dragon line is a wick on the next highest timeframe

That's true! This part solved most of my problems.. thanks Captain!

[MightyOne]

LOL now that I go back on these charts I SEE!

but

What is a continuation Rat?
Thanks MO!

Price has been moving up, red candle closes, green candle closes, enter at the high of the green candle.

Continuation trades are made when you are sitting with or have banked a profit.

[Mira]

LOL now that I go back on these charts I SEE!

but

What is a continuation Rat?
Thanks MO!

Price has been moving up, red candle closes, green candle closes, enter at the high of the green candle.

Continuation trades are made when you are sitting with or have banked a profit.

Thank you MO!

I think it’s giving me some idea..

[Mira]

Ahhh I think I’m grasping the concept behind “continuation” trades.

On a big chart we have a breakout (or a line that has value for us)

A175B773-AD27-43F5-8886-3D8396066BBB.png (47.73 KiB) Viewed 2783 times

On a small chart, if I don’t consider what I have on the left, I’m trading off minor extremes in direction of the original BO.

263ADDF5-E852-4D86-94DF-023288A3AAEB.png (65.71 KiB) Viewed 2783 times

The problem is: will price come back to my line or not?

[Captain Pugwash]

Ahhh I think I’m grasping the concept behind “continuation” trades.

On a big chart we have a breakout (or a line that has value for us)

A175B773-AD27-43F5-8886-3D8396066BBB.png

On a small chart, if I don’t consider what I have on the left, I’m trading off minor extremes in direction of the original BO.

263ADDF5-E852-4D86-94DF-023288A3AAEB.png

The problem is: will price come back to my line or not?

you enter on the break of the high of the green candle- the one after the Red candle - so you may think you are taking a BO trade - except you already are sitting on a profit .

I believe TRO will enter without being already in profit - he uses statistics (to me there are lies, damned lies and STATISICS)

You should read TRO's Rat Trading Thread