How to be a MOnster

[elkin.fernandez]

MO, one question more.

If my entry level is not in a SSG line of the EIGHT indi. I have to use the line closer?. Or simply see distance between lines in that moment and calculate where I get the number of lines that I want to get?

[Mira]

[quote="elkin.fernandez"] MO, Mira

[img]http://i64.tinypic.com/axhd09.jpg[/img] [/quote]

From what I’m noticing it depends.
If you are watching a H4 price level then you could look for a RAT or a MOMO on the adjusted M30 level.

BTW if you are trading away from that M30 level you could simply wait for a close.

[Mira]

Now we are going somewhere.
In this link they explain the Wyckoff method, that is very similar to MO’s methods.
Funny that the pattern showed here is the same that everyday I’m looking for!

http://stockcharts.com/school/doku.php? ... rket_analy

The real difference is that I usually buy the spring, not when price closes above a H (throwback), creating a HH.
I’m talking about basics here but basics is what I still have to learn

In this article they say that buying the spring is not a mistake but it could be dangerous, and I think that, maybe, it could be ‘accepted’ just in a fractal view (I.e. price bouncing on a bigger TF level/major S/R).

3D2C6886-1594-46A5-88AD-B86EF8CF0042.png (38.09 KiB) Viewed 2964 times

(From the website)

[Mira]

This is a trade from 10/11 (two days ago).
You can find this chart in the previous page.. I won that short ok.. but look at this:

6C2BB08D-AB56-47A3-AFDB-193F51186254.jpeg (144.38 KiB) Viewed 2961 times

The result

6AD8860D-E6E3-4FD3-9869-7589C42928FE.png (67.89 KiB) Viewed 2961 times

[Mira]

Not that I’m going to be Crypto Trader.. but today everybody is talking about BTC! “I wish I was in”

Price closes below (bearish momentum)
Price makes a lower high
Price closes above that high (bullish momentum)
Price retraces but can’t close below -> Higher Low.

73B2830F-26F5-48A4-8BEF-8126F385B71B.png (59.05 KiB) Viewed 2955 times

[Mira]

I’m not going to take so many trades this week because I’m visiting Budapest.
Today is the first day.. I’m going to post interesting stuff as I see it

About trading I have to read a few interesting PDF and to relax my mind, preparing me for profits

[Jalarupa]

Not that I’m going to be Crypto Trader.. but today everybody is talking about BTC! “I wish I was in”

Price closes below (bearish momentum)
Price makes a lower high
Price closes above that high (bullish momentum)
Price retraces but can’t close below -> Higher Low.

73B2830F-26F5-48A4-8BEF-8126F385B71B.png

I've been trading bitcoin for a while now and it's pretty easy... The market is very volatile with massive swings and a super consistent bid at lower demand levels...

I think it's easier due to lack of institutional players and retail crowding... I initially stated trading it to short it, but it actually been a fantastic asset class to trade long... Shorts will come eventually though...

[elkin.fernandez]

Keep mastering!.



MO says: "Only RISK lines and MAKE lines".

[elkin.fernandez]

I’m not going to take so many trades this week because I’m visiting Budapest.
Today is the first day.. I’m going to post interesting stuff as I see it

About trading I have to read a few interesting PDF and to relax my mind, preparing me for profits

We hope SEE interesting things this week.

God bless you with MANY profits!!.

[elkin.fernandez]