How to be a MOnster

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Leoheart
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Re: How to be a MOnster

Postby Leoheart » Sat May 11, 2019 7:06 pm

Mira wrote:
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.


A little word before asking more questions. The biggest failures in trading are folks that have lives & responsibilities outside of trading. Fulltime jobs, wife + kids, mortgage etc.. Trading demands are just an added pressure, if not dealt with properly.

You have to acknowledge that you are going into a fight handicapped. As you limp across the ring, continually think about 'chopping' the other guy down with least amount of exposure (mental effort).

Your trading Frequency should be such where the trades naturally fall into your lap. You shouldn't be hunting for trades, its just added effort that you cannot accord based your life (busy schedule). There is alot of talk about Bill Williams around here lately. I remember he would say (upon pulling up his chart) , it takes him no more than 30 seconds or less to decide where he is going to enter & exit in his trades. It should be no different for you Mira. Find the simplest of truths, and fit it around your schedule & decide quickly when the opportunities present themselves.

Now once you figure it out:
What TF are you planning to use? How much time do you have to trade? What hours are you trading?

In terms to TP:

What were you basing your TP on before which failed?

EDIT: Mira I hope you understand my English.
Interdependence is superior to independence which is greater than dependence - NH.

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Mira
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Re: How to be a MOnster

Postby Mira » Mon May 13, 2019 1:22 pm

Started the week with a B/E on USDJPY but i had a good one overnight on GC

GBPCADM15.png
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Mira
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Re: How to be a MOnster

Postby Mira » Mon May 13, 2019 1:40 pm

Leoheart wrote:
Mira wrote:
Leoheart wrote:
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.


A little word before asking more questions. The biggest failures in trading are folks that have lives & responsibilities outside of trading. Fulltime jobs, wife + kids, mortgage etc.. Trading demands are just an added pressure, if not dealt with properly.

You have to acknowledge that you are going into a fight handicapped. As you limp across the ring, continually think about 'chopping' the other guy down with least amount of exposure (mental effort).

Your trading Frequency should be such where the trades naturally fall into your lap. You shouldn't be hunting for trades, its just added effort that you cannot accord based your life (busy schedule). There is alot of talk about Bill Williams around here lately. I remember he would say (upon pulling up his chart) , it takes him no more than 30 seconds or less to decide where he is going to enter & exit in his trades. It should be no different for you Mira. Find the simplest of truths, and fit it around your schedule & decide quickly when the opportunities present themselves.

Now once you figure it out:
What TF are you planning to use? How much time do you have to trade? What hours are you trading?

In terms to TP:

What were you basing your TP on before which failed?

EDIT: Mira I hope you understand my English.


I have a part time job (08.30-12.30 local time) so i have all the afternoon and evening to trade.. i'm on the screen 30 minutes before the NY opening session and i go to sleep 1 hour after rollover time.
After many attempts with different time frames at the moment i'm on 15m charts, they're fine to me.

In terms to TP i admit that i always tried to hold TOO much :lol:
Now i'm basically trading 1-2-3s with a TTE when possible and my first target should be around the point "2" of the pattern.
I don't know how many people told me to do grab the "easy pips" first.. MO, Doji, Lem, PTG, Alias, V8, Mr. Hyde, Jala.. i surely remember at least one of their posts saying "Mira, take profits to accumulate before holding in a trade" :oops: :oops:
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Mira
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Re: How to be a MOnster

Postby Mira » Mon May 13, 2019 8:14 pm

Loss -7

two opposite valid 1-2-3 are something that i need to think about.
When i opened the chart (1 or two bars before my entry) i immediately looked for a way to go long, but when i saw that price was already going up i took the opposite zone targeting #1 sema.. a bit "scalpy".


on the long side it was perfect :lol:

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Mira
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Re: How to be a MOnster

Postby Mira » Tue May 14, 2019 8:18 am

Long overnight, took profits at the white arrow.

62A5B2EF-2F9B-4A72-8D1C-8E03526DD90D.png
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Re: How to be a MOnster

Postby Mira » Fri May 17, 2019 8:14 pm

I haven’t posted the latest trades, however I closed the second week in green.
Yes, I still have some doubt but slowly I’m learning to switch chart instead of forcing the market to do what I’m seeing.

I’m understanding that once you have the informations that you need, and this place is full of great people sharing their knowledge since 2006 :wink:, the biggest wall is the discipline.
Sticking to one method until you get it, tunnel vision as Pawel said. It’s a ‘learn by doing’ model.
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