How to be a MOnster

[Mira]

Still on my plan, trying over and over.
I’m having mixed results lately but things are moving in the right direction.. probably I should look for more precise entries and closer targets.

In these trades atm (DEMO)

E0D33B42-A10C-409D-A4DB-F0E442EC0155.png (217.35 KiB) Viewed 2958 times

This is an add-in (second trade), the first one was from the lower arrow.. however I hadn’t take the profits at the upper red line, when price retraced to the lower one I closed the trade and opened another one lol

C60ABE8E-FD44-4198-AF2F-524493B9FBFB.png (192.14 KiB) Viewed 2958 times

623722FA-13DC-429F-A17A-EB995C264DF2.png (218.55 KiB) Viewed 2958 times

[Mira]

I don't understand what's MOMO here.. up or down?

GBPUSDH4.png (45.89 KiB) Viewed 2942 times

[Mira]

Damn.. now that i'm starting to understand something and i have questions for the vets this board is DEAD

[LeMercenaire]

Sorry Mira (and all), I haven't been trading as having to deal with some life-stuff.

I did try and drop in a couple of times to see what's what but barely managed that.

I will be back soon enough!

Till then, ask your question and I will try and drop in later to see if I can help.

[LeMercenaire]

I don't understand what's MOMO here.. up or down?

GBPUSDH4.png

I don't see ANY momo at all in that marked area.

[LeMercenaire]

I don't understand what's MOMO here.. up or down?

GBPUSDH4.png

I don't see ANY momo at all in that marked area.

The only MOMO I would show there would be the MOMO that was taking me somewhere else away from that chart, lol.

[elkin.fernandez]

I have been trying using level of close over/below prior high/low. But in Weekly and Daily timeframe.

[Jhx]

I don't understand what's MOMO here.. up or down?

GBPUSDH4.png

I think you're trying to find momentum within a range that's already smaller than the move that just happened. Remember that it's all about context. But zoom out / look left / switch to the D1 or even the weekly and you'll see momentum.

[buffalo]

are you using doji's strategy? If so he might be the only one that could help you. Havent seen anyone else really use that

[Mira]

Thanks to everybody

I don’t know why it’s so hard defining Momentum.. there isn’t a “true” and clear definition of MOMO so I don’t know how to do it.. but without knowing Momentum I can’t pick the right direction.. wtf