How to be a MOnster

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2355
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1784
Gender: None specified

Re: How to be a MOnster

Postby LeMercenaire » Wed Oct 16, 2019 3:18 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:
LeM!

Thanks for replying! [-o<

I tried to use fibs as you explained several times but I ended up being confused as always lol.
So was that a short?? :cry: :cry:

I definitively don’t get the MOMO.. and so the direction and the zlines.

Very well :lol:


Hi Mira,

See if this can help make it clearer.

Here, the fib would be dropped down from point A and B. The bounce on the way down would have failed to hold over the 23.6 level on the way down. (I'll come back to this in the next chart detail).

AUinfoForMira.png

So, now we have a break of the 50-level and Candle C closes over.

AUinfoForMira2.png

Now, maybe this is where some confusion would come in, as normally, we would say that well, close over, so we will be going long. However, I feel that on the Daily tf, this (while not being completely invalid), should be treated with caution. Hence my saying that we didn't get a hold over on the previous move around the 23.6 on the way down.

We all know the concept of move + retrace + move again, so for me, on the Daily, I am looking for the close of the following candle. Does that have its retrace but still hold above the 50? In this case, no (as was the same on the way down at the 23.6, remember).

Ahhhhhhhhhhh, now you are seeing that this is actually not so. The next candle did in fact close above. Yep, it did, however, that was a gap-filler candle. The small candle opened gapped down and so the likelihood was that it would move to fill that gap, which it did. It didn't however, show any kind of inclination to go anywhere beyond that. So now we have a lower high to contend with.

So ok, you were looking to try long off it, as it gapped, you got something at least. You'd then have figured out that something was a bit off with it and hopefully closed it out for some green, knowing that you can always go in again if it does continue on.

Right, so now, for me, the 3rd candle is the one I want to treat as a nominal 2nd one...and that one very definitely doesn't close above, quite emphatic in its desire to run South of the Border.

That would be Candle 3 (D) taken care of...

AUinfoForMira3.png

So down it goes. Tries to come back on us. Fails - and this is where it gets really interesting.

Candle E opens, makes its move back toward the 50-level and just shows no inclination to stay above it (and for this, we would be looking at pa on the lower time frames - but I don't want to clutter this and confuse with multiple tf charts).

As price comes back across the 50-level, in we go and we are in very good stead as price has just about reached the 23.6 level, which funnily enough, just happens to be where a secondary level of Demand has formed. Funny that, eh? :P

Right. One more thing. That good ol' MOMO we love so much.

If you take a look at the place we got in at, the pull back of Candle E. See where the High is? The bottom of the doji candle between C and D. Now, for me, candle D is standing over that DOJI and waving its great big MOMO in its face. So what we have is a perfect Z-Line to back up our candle E pull back to the 50.

AUinfoForMira4incZ-Line.png

Hope that all makes some kind of sense but please, never hesitate to ask for clarification.


Thanks LeM

I don't know why it doesn't want to kick in..
Your "D" candle i.e., you said it's momo while i always thought that momo is (are) that two white bars going up and that D is a wick in direction of loss.. aka good to go long :shock: :shock: :shock:


I see it as the MOMO comes as the candle is open, so the heavy fast drop. Then the retrace is moving back to the Z-Line, so yes, wick is now in direction of loss, as price is catching out all those late comers jumping on short.

We can also play price as it moves back towards the Z-Line of course, I just didn't cover that here (again, in case it confused more)

I have covered the move back away from the Z-Line, which is how I usually do it.

The only time I would play it back up, would be if it was a mega range single move candle,.in which case I would Spike-Hunt the long back away from the extreme of the spike.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2355
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1784
Gender: None specified

Re: How to be a MOnster

Postby LeMercenaire » Wed Oct 16, 2019 7:09 pm

As a follow-up to the info above, take a look at the chart as it stands just now.

Look at the precision of the touch on the 23.6 level!

AUfollowup-lookatthe23.6-couldyougETanycloser16thOct19.png
AUfollowup-lookatthe23.6-couldyougETanycloser16thOct19.png (37.5 KiB) Viewed 219 times


You literally couldn't get any closer.

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1615
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1534
Gender: Male

Re: How to be a MOnster

Postby Mira » Wed Oct 16, 2019 7:19 pm

LeMercenaire wrote:As a follow-up to the info above, take a look at the chart as it stands just now.

Look at the precision of the touch on the 23.6 level!

AUfollowup-lookatthe23.6-couldyougETanycloser16thOct19.png

You literally couldn't get any closer.


That’s nice, thanks for helping so much LeM

I took the trade long, later I’m going to post the chart.
I’m still confused but this one played out good!!
__________ THE :smt096 IS A LIE__________

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1615
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1534
Gender: Male

Re: How to be a MOnster

Postby Mira » Wed Oct 16, 2019 9:44 pm

Today i tried a very basic "Dragon33 101" with a 3 timeframes zline confirmation.

16102019AUDUSDDaily.png
16102019AUDUSDDaily.png (36.74 KiB) Viewed 204 times


16102019AUDUSDH4.png
16102019AUDUSDH4.png (43.72 KiB) Viewed 204 times


16102019AUDUSDH1.png
16102019AUDUSDH1.png (47.47 KiB) Viewed 204 times
__________ THE :smt096 IS A LIE__________

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2355
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1784
Gender: None specified

Re: How to be a MOnster

Postby LeMercenaire » Wed Oct 16, 2019 10:14 pm

Mira wrote:Today i tried a very basic "Dragon33 101" with a 3 timeframes zline confirmation.

16102019AUDUSDDaily.png

16102019AUDUSDH4.png

16102019AUDUSDH1.png


Now it's your turn to explain to me! I never got into the whole Dragon set up. How does it work? What am I looking at?

Pippy told me back in the day, I am sure - but it's fallen down the back of the memory filing cabinet and been forgotten.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1615
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1534
Gender: Male

Re: How to be a MOnster

Postby Mira » Wed Oct 16, 2019 11:23 pm

LeMercenaire wrote:
Mira wrote:Today i tried a very basic "Dragon33 101" with a 3 timeframes zline confirmation.

16102019AUDUSDDaily.png

16102019AUDUSDH4.png

16102019AUDUSDH1.png


Now it's your turn to explain to me! I never got into the whole Dragon set up. How does it work? What am I looking at?

Pippy told me back in the day, I am sure - but it's fallen down the back of the memory filing cabinet and been forgotten.


Here you go Lem.
I’m sure that later Dragon improved his trading, this post is from 10 years ago #-o :lol:

therumpledone/lukx-zline-trading-log-cfabian-p-35-adaseb-p-48-t2184/page540

Lukx’s thread is good and full of good infos.. maybe a bit long :roll:
__________ THE :smt096 IS A LIE__________

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2355
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1784
Gender: None specified

Re: How to be a MOnster

Postby LeMercenaire » Wed Oct 16, 2019 11:35 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:Today i tried a very basic "Dragon33 101" with a 3 timeframes zline confirmation.

16102019AUDUSDDaily.png

16102019AUDUSDH4.png

16102019AUDUSDH1.png


Now it's your turn to explain to me! I never got into the whole Dragon set up. How does it work? What am I looking at?

Pippy told me back in the day, I am sure - but it's fallen down the back of the memory filing cabinet and been forgotten.


Here you go Lem.
I’m sure that later Dragon improved his trading, this post is from 10 years ago #-o :lol:

therumpledone/lukx-zline-trading-log-cfabian-p-35-adaseb-p-48-t2184/page540

Lukx’s thread is good and full of good infos.. maybe a bit long :roll:


Cheers for that, I will have a look. Knowledge is power!

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2355
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 1784
Gender: None specified

Re: How to be a MOnster

Postby LeMercenaire » Wed Oct 16, 2019 11:37 pm

Mira wrote:
LeMercenaire wrote:
Mira wrote:Today i tried a very basic "Dragon33 101" with a 3 timeframes zline confirmation.

16102019AUDUSDDaily.png

16102019AUDUSDH4.png

16102019AUDUSDH1.png


Now it's your turn to explain to me! I never got into the whole Dragon set up. How does it work? What am I looking at?

Pippy told me back in the day, I am sure - but it's fallen down the back of the memory filing cabinet and been forgotten.


Here you go Lem.
I’m sure that later Dragon improved his trading, this post is from 10 years ago #-o :lol:

therumpledone/lukx-zline-trading-log-cfabian-p-35-adaseb-p-48-t2184/page540

Lukx’s thread is good and full of good infos.. maybe a bit long :roll:


Lol, straight to a post by Pippy. Love it.

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1615
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1534
Gender: Male

Re: How to be a MOnster

Postby Mira » Thu Oct 17, 2019 7:09 am

Loss.

I saw price in a range on H4 so I decided to trade short away from the upper zline, waited for a (?) bearish momo on H1 and traded the 1-2-3 on M15.

Price went straight up to the stop loss.
Maybe on H4 that bullish close above the origin of the bearish momentum was a signal to go up?

DFE3DD3A-781C-4A31-9CFE-8CD5FB4F7BB9.png
DFE3DD3A-781C-4A31-9CFE-8CD5FB4F7BB9.png (176.58 KiB) Viewed 177 times


4118A794-4D88-4803-8345-4B0061C407D2.png
4118A794-4D88-4803-8345-4B0061C407D2.png (212.3 KiB) Viewed 177 times


480815BC-F69A-4B87-AE3E-3486B1D22147.png
480815BC-F69A-4B87-AE3E-3486B1D22147.png (213.65 KiB) Viewed 177 times
__________ THE :smt096 IS A LIE__________

User avatar
Mira
rank: 1000+ posts
rank: 1000+ posts
Posts: 1615
Joined: Thu Nov 10, 2016 8:37 pm
Reputation: 1534
Gender: Male

Re: How to be a MOnster

Postby Mira » Thu Oct 17, 2019 7:17 am

Looking at the daily I see a very poor decision btw #-o

8D234F17-F5AA-4871-A1AB-38D2D49A0DF6.png
8D234F17-F5AA-4871-A1AB-38D2D49A0DF6.png (179.33 KiB) Viewed 175 times
__________ THE :smt096 IS A LIE__________

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”