How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Thu May 09, 2019 2:10 pm

LeMercenaire wrote:
Mira wrote:
aliassmith wrote:
I have to correct that statement. I have seen people trade many different ways. Simple works for some people and complicated works for others. Its more about finding what works for you.


lol I was expecting a reply like this.
Yes, I meant that it’s not profitable for me.

Personally I find difficult to understand the discretionary part of every trading style, my flaw is that I methodise strategies until they make me blind and I’m back again to the starting point.
I set a new rule, then another one and so on..

Aaaah shame on me


One of the main annoyances I had when I took my first steps in this world was falling prey to paralysis through analysis. In looking to find a method, I would test and test and test some more, never actually getting started.

It took a friend to slap that out of me and I think it had something to do with the control aspect, coupled with the need for it to be perfect. I think I carried that over from my sporting life and expected the same approach to work here as well.

We all know how that goes.

From there, I flipped it completely, now I may layer 10 million different options onto a potential method but then brutally hack most of it away again, until all that is left is the bare minimum to make it work.


"...coupled with the need for it to be perfect."

I totally agree.

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Almost forgot how many times one has to login in Kreslik.com everyday :lol:
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Mira
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Re: How to be a MOnster

Postby Mira » Thu May 09, 2019 3:38 pm

A few losses to remember who i am and let's go on :lol: :arrow:


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Mira
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Re: How to be a MOnster

Postby Mira » Thu May 09, 2019 4:35 pm

He was running away with my money lol [-X :smt071

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Mira
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Re: How to be a MOnster

Postby Mira » Thu May 09, 2019 5:12 pm

What I don’t get, as I need to define, are triggers (well and targets too, but I’m going step by step).

Once that I have a 1-2-3 and I want to trade a TTE (aka a doji zone + pullback) should i wait for some momo in direction of profit or enter as price ‘wicks’ the zone? Or with a RAT entry -the blue line-? :roll:


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Re: How to be a MOnster

Postby LeMercenaire » Thu May 09, 2019 7:24 pm

Mira wrote:What I don’t get, as I need to define, are triggers (well and targets too, but I’m going step by step).

Once that I have a 1-2-3 and I want to trade a TTE (aka a doji zone + pullback) should i wait for some momo in direction of profit or enter as price ‘wicks’ the zone? Or with a RAT entry -the blue line-?
:roll:


D05A826E-DC46-4881-B634-60F572BD1591.png


I personally will look for rejection candles at my level, no matter what method I am using at the time. Just PA.

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Re: How to be a MOnster

Postby Mira » Thu May 09, 2019 8:25 pm

LeMercenaire wrote:
Mira wrote:What I don’t get, as I need to define, are triggers (well and targets too, but I’m going step by step).

Once that I have a 1-2-3 and I want to trade a TTE (aka a doji zone + pullback) should i wait for some momo in direction of profit or enter as price ‘wicks’ the zone? Or with a RAT entry -the blue line-?
:roll:


D05A826E-DC46-4881-B634-60F572BD1591.png


I personally will look for rejection candles at my level, no matter what method I am using at the time. Just PA.


Thanks for the reply Lem.

What are rejection candles? Are momo away from your level?
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Re: How to be a MOnster

Postby LeMercenaire » Thu May 09, 2019 9:16 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:What I don’t get, as I need to define, are triggers (well and targets too, but I’m going step by step).

Once that I have a 1-2-3 and I want to trade a TTE (aka a doji zone + pullback) should i wait for some momo in direction of profit or enter as price ‘wicks’ the zone? Or with a RAT entry -the blue line-?
:roll:


D05A826E-DC46-4881-B634-60F572BD1591.png


I personally will look for rejection candles at my level, no matter what method I am using at the time. Just PA.


Thanks for the reply Lem.

What are rejection candles? Are momo away from your level?


Pins, hammers or any long-wicked candle, with body away from the level.

My trading computers are off for now and so I have found this article which shows some examples:

https://www.authenticfx.com/best-candlestick.html

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Re: How to be a MOnster

Postby Mira » Fri May 10, 2019 7:44 am

LeMercenaire wrote:
Mira wrote:
LeMercenaire wrote:
I personally will look for rejection candles at my level, no matter what method I am using at the time. Just PA.


Thanks for the reply Lem.

What are rejection candles? Are momo away from your level?


Pins, hammers or any long-wicked candle, with body away from the level.

My trading computers are off for now and so I have found this article which shows some examples:

https://www.authenticfx.com/best-candlestick.html


Thank you Lem
I’m going to read it in the morning during the pause.
I really need a simple entry method to keep over the time without change it.
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Re: How to be a MOnster

Postby Leoheart » Sat May 11, 2019 3:37 pm

Mira wrote:Now that I paid a champagne bottle to my broker - aka I burned my micro account one more time - I’m back home.
I took a pause from the forum to focus on my mistakes and as Leo says I’m back to the day one.
Lately I’ve been on Dc’s “1-2-3” thread and it convinced me to look for simplicity.
Simplify is my new motto, I want no more over-complicate stuff.. it’s not profitable.

My first trade from last night was a small win, hoping that it can sign up a new beginning for me and my trading.

As you see I’m still trading doji zones, a MA should separate the point #1 and #2 of a 1-2-3.
A momo back to the zone marks the #3 point.

3D693D69-7CC0-4AC1-BD52-8CDAF659D825.png


Welcome back home, Mira.

Blue:What were some of these complicated things? Perhaps others can learn from your experience. Thanks.
Interdependence is superior to independence which is greater than dependence - NH.

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Re: How to be a MOnster

Postby Mira » Sat May 11, 2019 4:07 pm

Leoheart wrote:
Mira wrote:Now that I paid a champagne bottle to my broker - aka I burned my micro account one more time - I’m back home.
I took a pause from the forum to focus on my mistakes and as Leo says I’m back to the day one.
Lately I’ve been on Dc’s “1-2-3” thread and it convinced me to look for simplicity.
Simplify is my new motto, I want no more over-complicate stuff.. it’s not profitable.

My first trade from last night was a small win, hoping that it can sign up a new beginning for me and my trading.

As you see I’m still trading doji zones, a MA should separate the point #1 and #2 of a 1-2-3.
A momo back to the zone marks the #3 point.

3D693D69-7CC0-4AC1-BD52-8CDAF659D825.png


Welcome back home, Mira.

Blue:What were some of these complicated things? Perhaps others can learn from your experience. Thanks.


Hi Leo!
Thank you, is always a pleasure coming back home.

In the past two or three months I tried to improve (my view of) doji zones and didn’t go well.
I don’t even know what to reply, my thought process was made of “if price does this I do this, but when it reaches the zone like this then I should do that” and so on.
Idk maybe it could even be profitable but not for me, not now.
My goal is to become profitable and I need a clear mind to do this.

When I’ve been on Dc’s thread I saw how simple trading could be and I really like to follow the beautiful example he shared with us with the 1-2-3 setup.. then, only then, I’ll add up.

At the moment I'm focusing on targets.
I have the terrible habit of set the take profit too far just because I opened the trade at a bad price *palmface*.
My idea is to learn grabbing some pips before looking for any kind of continuation.
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