How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Tue Mar 28, 2017 12:04 pm

Trevi wrote:Because of a mistake i've deleted my last post #-o
Anyway... these were the charts:
What do you think about it? :roll:
Thanks to everyone for your help and devotion

A.


I'm keeping an eye on these angles

IMG_2640.PNG
IMG_2640.PNG (80.76 KiB) Viewed 4359 times


I'd buy only if price breaks with a BDP on that tops and short if it doesn't.. but you better ask to the guys who really rock here :lol:
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Re: How to be a MOnster

Postby elkin.fernandez » Tue Mar 28, 2017 9:18 pm

MIra:
¿How I know where i must put a ZL?

¿One has to wait a pullback after a strong BO?

¿Any clue different to its definition? LOL.
My long term bag: Bitcoin, ZCash and Chainlink 8)

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Mira
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Re: How to be a MOnster

Postby Mira » Wed Mar 29, 2017 11:16 am

elkin.fernandez wrote:MIra:
¿How I know where i must put a ZL?

¿One has to wait a pullback after a strong BO?

¿Any clue different to its definition? LOL.


Hi Elkin!

A zline is a line in the sand, there are many definitions of Zline but the best way to find the truth is to imagine yourself buying/selling after a move (I.e. A breakout), to gain some profits and then to give all back because price reached your stop loss (with a loss or at b/e).

IMG_2649.PNG
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Can you imagine yourself buying at the green line, struggling a little and then seeing your dreams fly away?
Can you see how price was showing either buy and sell setups? Either Fear and Greed?
Then price breaks down and everything becomes clear, wait for a pullback and there you go.
So where is the exactly zline? Nobody knows!
Try to feel the other traders, they all do the same thing.
Opens, midpoints and closes are common S\R, where the order flow repeats itself and accumulates stop orders
Try to draw lines at these points on large charts and SEE.

"A Zero-Line is the idea that if you can see loss then you can see profit." -MO
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Re: How to be a MOnster

Postby Mira » Wed Mar 29, 2017 1:32 pm

Here I simply took momos (not only 2x bars, but MOMENTUM CANDLES).

I see a little light because for the first time... it looks simple :lol:

RUNAWAYS.png
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Schermata a 2017-03-28 23-37-56.png
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Re: How to be a MOnster

Postby Mira » Wed Mar 29, 2017 2:10 pm

Mira wrote:Euro Ovals

EU H4.png

I'm planning this short, if price comes back to me.. :roll:

UJ2.png



Updated chart

UPDATED EU.png
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Re: How to be a MOnster

Postby Mira » Wed Mar 29, 2017 3:45 pm

MightyOne wrote:The red 3 told me that S/D was LOWER and the 123 series that followed just confirmed that something was down there.

Once again there was strong shorting at the "thumbs up" followed by a decline with a close over the marked S/D (below the red 3).

At this point we were willing to wait for one more candle because the red 3 told us that something was down here.

Price then rocketed back up to the now famous S/D, paused, and then continued up to the target.

-All of the analysis was done on the M30 using body sizes to feel for S/D.
-I did not look at a higher/lower chart or use Space.
-I just entered based on Legends analysis and then showed how you feel for S/D in real time.

Short term trading is stressful, you have to make decisions in real time without being influenced by every negative candle.

I was doing nothing but planning ahead, for 7.5 hours, asking "what do I expect & what would be unexpected"; if I plan for it, even if it is negative, then I am not impacted by negative emotions.

Image


I hate this pair =)



LOL
This is a REAL proof of how is hard to be an excellent chart reader, years of experience. #-o
Basic concepts and the proper money management are more than enough for now. :lol:
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Re: How to be a MOnster

Postby tom7ak » Wed Mar 29, 2017 9:43 pm

Mira wrote:Okay

This is my idea:

+/-95% of traders are not profitable
I fully understand what a momo is, but if I'm not profitable I don't fit in that 5%. I fit in that BIG 95%!
I don't need to think what other traders are doing, I need to know what am I doing because I'm doing the same thing!

A Zero-Line is the idea that if you can see loss then you can see profit. -MO

Now I'm trying to get this truth and I'm asking to myself
"Can I see a loss?" Yes, I can see where I'm losing (when I'm losing). I SEE that I always lose in 2-3 ways that repeat themselves over and over like a pattern.

IMG_2635.PNG

Buy lines are my long "setup" and red lines my short "setup".
I can see how price had a small reaction (small BDP) and then I see the loss (and the profit).

IMG_2636.PNG

I need to think about it when I'm sober :lol:


This will stop working when u sober:) Thats when u become this 95% and join the herd:)
you got 2 slow it down
and then u pick it up - PF
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Re: How to be a MOnster

Postby tom7ak » Wed Mar 29, 2017 10:08 pm

This is what I have been looking at. Extreme - fight for it. (MO). Ignore green lines (these are my longs:)) What made me buy there? If u answer that, u might be able to find the way to 5 percent group:) Not that I found it:) yet
EURUSDH1.png
EURUSDH1.png (39.8 KiB) Viewed 4212 times
you got 2 slow it down
and then u pick it up - PF
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tom7ak
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Re: How to be a MOnster

Postby tom7ak » Wed Mar 29, 2017 10:18 pm

EURUSDH1.png
EURUSDH1.png (40.28 KiB) Viewed 4461 times
you got 2 slow it down
and then u pick it up - PF
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Re: How to be a MOnster

Postby Mira » Wed Mar 29, 2017 10:59 pm

tom7ak wrote:This is what I have been looking at. Extreme - fight for it. (MO). Ignore green lines (these are my longs:)) What made me buy there? If u answer that, u might be able to find the way to 5 percent group:) Not that I found it:) yet
EURUSDH1.png


Hi tom7ak

Price didn't close above yet, for what I see.. maybe I'd scalp until the 50% but it looks dangerous.

IMG_2654.PNG
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IMG_2655.PNG
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