How to be a MOnster

[Mr. Hyde]

Judge for yourself, Mira.

It is good to ask questions and to think.

As far as fantasy is concerned...
One person believes that everything is going to be ok where as the other person believes that they are going to die, if the result is the same for each then who is the winner? For the positive person it was peace leading to greater peace, but for the negative person it was worry and death or a life full of worry.

A positive mind has positive momentum bars built into its very fabric.

for_Mira.png

Thank you MO!

Your chart looks like this one on GOLD.
I went long ( ) as a stupid, not seeing that we was below something and that shorts still weren't failed.

IMG_0071.PNG

lol I forgot the chart

I can see where your coming from. Here is a near like setup but went up instead.

[Mira]

I'm in this short right now - DEMO
(Redbox + green line)
Position is at the extreme and my watermark at the top of the box, reached the yellow line I closed half of position so that I'm BE if price reaches my stop.. my idea is too become aggressive now that I have a free trade but I'm still wondering where are good places for some adds up.

IMG_0078.PNG (55.77 KiB) Viewed 2772 times

I don't know if waiting for a bearish momentum is a (too much) slow decision

IMG_0079.PNG (68.5 KiB) Viewed 2772 times

[Mira]

Yesterday's UJ short failed for a 50%. I had no time to reverse but I had no loss (i closed half of my position when I reached enough pips).

My short oh GU is doing the same right now, probably i have to take profits faster..

IMG_0083.PNG (74.27 KiB) Viewed 2726 times

[Mira]

Yesterday's UJ short failed for a 50%. I had no time to reverse but I had no loss (i closed half of my position when I reached enough pips).

My short oh GU is doing the same right now, probably i have to take profits faster..

IMG_0083.PNG

Updated chart: price came back to my triangle I stacked a little randomly but it's ok

GU Demo.png (18.47 KiB) Viewed 2712 times

[MightyOne]

What did you end up doing?

for_Mira.png (17.01 KiB) Viewed 2853 times

[Mira]

I'm trying to create a position sizing model using OPM (SPACE FOR INTRATRADE MNGMNT).
The idea is to start with a risk of x% and to gain a minimum of x% * 5 using space, divide profits by 2 and using half position for the next trade to reach the same x2% * 5.
In 4 trades i'd have a +100% of my account, after that i'd restart from 1% again.
The choice of dividing profits by 2 is for a Stop&Reverse purpose since the dual nature of Momentum.

(If i can reach a bigger profit in a single trade i'd accept it without any problem )

Starting Risk = 1%, Min Target x Trade = 5xstarting risk, Final target = 100%.

1) 1% * 5 = 5%
2) 2.5% * 5 = 12.5% (+2.5%)
3) 7.5% * 5 = 37.5% (+7.5%)
4) 22.5% * 5 = 112.5% (+22.5%)

= +135%

In the case i'd have a full 50% loss EVERY TRADE from trade 2 it would be

1) 1% * 5 = 5%
2) 2.5% * 5 = 12.5%
3) 6.25% * 5 = 31.25%
4) 15.6% * 5 = 78%
5) 39% * 5 = 195%

= +195%

[Mira]

What did you end up doing?

for_Mira.png

HI MO!

I closed all at the first 'X' on your chart.
I remembered your suggestion about liquidating on big candles closes

for MO.png (3.78 KiB) Viewed 2845 times

Targets seems to be more difficult than entries

Thank you!

[MightyOne]

Code: Select all

I'm trying to create a position sizing model using OPM (SPACE FOR INTRATRADE MNGMNT).
The idea is to start with a risk of x% and to gain a minimum of x% * 5 using space, divide profits by 2 and using half position for the next trade to reach the same x2% * 5.
In 4 trades i'd have a +100% of my account, after that i'd restart from 1% again.
The choice of dividing profits by 2 is for a Stop&Reverse purpose since the dual nature of Momentum.

(If i can reach a bigger profit in a single trade i'd accept it without any problem  :lol: )

Starting Risk = 1%, Min Target x Trade = 5xstarting risk, Final target = 100%.

1) 1%      * 5 = 5%
2) 2.5%   * 5 = 12.5% (+2.5%)
3) 7.5%   * 5 = 37.5% (+7.5%)
4) 22.5% * 5 = 112.5% (+22.5%)

[b]= +135%[/b]

In the case i'd have a full 50% loss EVERY TRADE from trade 2 it would be

1) 1%      * 5  = 5%
2) 2.5%   * 5  = 12.5%
3) 6.25% * 5  = 31.25%
4) 15.6% * 5  = 78%
5) 39%    * 5 = 195%

= +195%


Code: Select all

 EXAMPLE:
 0) H4 chart
 1) enter for $20/line (<1% risk)
 2) add by $10/line
 3) double your total size
 4) add by $20/line
 5) move from H4 to H1 (double your position size)
 6) move from H1 to D1 (quarter your position size)
 7) move from D1 to H4 (double your position size)
 8) move from H4 to W (quarter your position size)
 9) move from W to MN (halve your position size)

[Mira]

Price was low but I saw that it was unable to close with momo above a bearish 50%!

Demo account, closed all!

IMG_0092.PNG (72.66 KiB) Viewed 2776 times

[Mira]

This is the trade that i didn't reverse a few days ago..

CARPE DIEM

Golden Fails.png (13.21 KiB) Viewed 2765 times

Judge for yourself, Mira.

It is good to ask questions and to think.

As far as fantasy is concerned...
One person believes that everything is going to be ok where as the other person believes that they are going to die, if the result is the same for each then who is the winner? For the positive person it was peace leading to greater peace, but for the negative person it was worry and death or a life full of worry.

A positive mind has positive momentum bars built into its very fabric.

for_Mira.png

Thank you MO!

Your chart looks like this one on GOLD.
I went long ( ) as a stupid, not seeing that we was below something and that shorts still weren't failed.

IMG_0071.PNG

lol I forgot the chart

2017-05-01_1513.png