How to be a MOnster

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IgazI
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Re: How to be a MOnster

Postby IgazI » Fri Feb 23, 2018 6:34 pm

forexmoney wrote:I am sorry what are EIGHTS?


It is a method of managing position sizing and risk by spreading initial risk and OPM over a number of lines and then using some number of lines that is less than the total on the following trade.

If I start with 4 lines and I gain 1 then I know to increase my position size by 5/4 for the next trade or if I lose 1 then my new size is 3/4.

If +1 line is spread over 4 lines then I am reinvesting 25% of the profits for every line that I commit to a trade.

There are also formulas for line sizing and different strategies for small and large charts that can be found in the last few pages of the ideas thread.

I believe that the original SSG uses lines that are 10 pips apart and I have also seen 25 pip lines on other forums.

I am using M30 ATR32 * 3.2 for the weekly lines; using the highest ATR number in the recent history.
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Re: How to be a MOnster

Postby forexmoney » Fri Feb 23, 2018 6:38 pm

IgazI wrote:
forexmoney wrote:I am sorry what are EIGHTS?


It is a method of managing position sizing and risk by spreading initial risk and OPM over a number of lines and then using some number of lines that is less than the total on the following trade.

If I start with 4 lines and I gain 1 then I know to increase my position size by 5/4 for the next trade or if I lose 1 then my new size is 3/4.

If +1 line is spread over 4 lines then I am reinvesting 25% of the profits for every line that I commit to a trade.

There are also formulas for line sizing and different strategies for small and large charts that can be found in the last few pages of the ideas thread.

I believe that the original SSG uses lines that are 10 pips apart and I have also seen 25 pip lines on other forums.

I am using M30 ATR32 * 3.2 for the weekly lines; using the highest ATR number in the recent history.
Thank you :D
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Mira
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Re: How to be a MOnster

Postby Mira » Fri Feb 23, 2018 8:27 pm

IgazI wrote:
forexmoney wrote:I am sorry what are EIGHTS?


It is a method of managing position sizing and risk by spreading initial risk and OPM over a number of lines and then using some number of lines that is less than the total on the following trade.

If I start with 4 lines and I gain 1 then I know to increase my position size by 5/4 for the next trade or if I lose 1 then my new size is 3/4.

If +1 line is spread over 4 lines then I am reinvesting 25% of the profits for every line that I commit to a trade.

There are also formulas for line sizing and different strategies for small and large charts that can be found in the last few pages of the ideas thread.

I believe that the original SSG uses lines that are 10 pips apart and I have also seen 25 pip lines on other forums.

I am using M30 ATR32 * 3.2 for the weekly lines; using the highest ATR number in the recent history.


Yes!

It is the most adaptive money management that I know.

It increases the size when you are winning and reduces it when you’re losing.. then you could become aggressive or conservative reducing/increasing the number of lines in your risk box.
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Re: How to be a MOnster

Postby Mira » Fri Feb 23, 2018 9:54 pm

Friday night, home alone.. high :lol: .. and i think that i can SEE it. :lol:

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Re: How to be a MOnster

Postby Mira » Sat Feb 24, 2018 12:09 am

:arrow:

D0797A6C-D4E6-4513-B9EB-FE2139BB6E83.jpeg
D0797A6C-D4E6-4513-B9EB-FE2139BB6E83.jpeg (79.5 KiB) Viewed 2915 times


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Re: How to be a MOnster

Postby Mira » Sun Feb 25, 2018 8:19 pm

The question is always the same: if you make millions with trading then why you are wanting 90$/mo for your service? Nonsense.

If your are managing OPM then it’s another story.. you are making a % of the accounts, but this paid services have no sense.

10 years that MO is here trying to make you rich (and FOR FREE), does mean nothing? :x
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Re: How to be a MOnster

Postby IgazI » Tue Feb 27, 2018 6:58 am

Interesting Rat Reversal (240) and cup trade (30) with green candle color.

I was watching other things but it would have been an easy +1

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Re: How to be a MOnster

Postby nat » Tue Feb 27, 2018 9:23 am

IgazI wrote:Interesting Rat Reversal (240) and cup trade (30) with green candle color.

I was watching other things but it would have been an easy +1

Mira.png

on the m30 cup trade would you have entered at the green arrow?

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Re: How to be a MOnster

Postby IgazI » Tue Feb 27, 2018 2:55 pm

nat wrote: on the m30 cup trade would you have entered at the green arrow?


The 'V' (cup) forms, the 2 SMA (an average closing price) breaks lower, a new candle opens, and then the trigger is active.
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Help!

Postby Mira » Wed Feb 28, 2018 1:23 pm

I tried to check the markets every 4H but it’s not good for me, there is nothing to do: i have to wait for price to reach the levels I like.

Guys, how many markets do you monitor?
I’m looking for a few trades everyday (6 hours on my pc).

Thanks :D
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