How to be a MOnster

[Mira]

Today i took this loss, it's ok but i had no occasion to reverse it..
I'm still waiting for her to return

EG.png (18.83 KiB) Viewed 2338 times

If i find that price could never come back i better would have to rethink at my position sizing model

[MightyOne]

Something like this

for_Mira.png (12.08 KiB) Viewed 2307 times

[MightyOne]

...

If i find that price could never come back i better would have to rethink at my position sizing model

Are you using a stop loss (risking lines & making lines)?

[Mira]

Something like this

for_Mira.png

LOL exactly! This is picture helps a lot.
Thank you MO!

[Mira]

...

If i find that price could never come back i better would have to rethink at my position sizing model

Are you using a stop loss (risking lines & making lines)?

Yes, I'm trading and normalizing risk.

.. but my idea was to reverse the trade after a close against me (or a full stop), the problem is that I haven't considerate that price could never come back, and trading the BO offers a bad price.


Thanks Mo!

[MightyOne]

I think that this was another chart that you were watching?

Interesting to see it play out in P&F:

for_Mira.png (55.33 KiB) Viewed 2344 times

[elkin.fernandez]

Hi, friends,

I´m here again.

Some days ago, I open a trade in UC. I have learned some lesson during this trade and I have applied MO´s ideas and thanks to God I´ve got some $$. LOL.

I trade EU too but in this case I was stopped. I think was because I forget the idea: "BDP" in higher frames. I shorted and EU went up strongly.

Anyway, this is my trade. I cant add size at 1.3067 (when I must add size) because when I decide to use OPM price had already hitted this level. Although I put a limit order. Price does not have oil to go up and reached it. LOL.

Too thanked with MO. I start to SEE. OMG. Everyday I SEE all clearer. LOL.

[Mira]

I think that this was another chart that you were watching?

Interesting to see it play out in P&F:

for_Mira.png

Thank you MO!
I was thinking at a method to merge Ovals with P&F.. but i still don't know if it's weird or not

for_MO.png (18.9 KiB) Viewed 2338 times

[Mira]

Hi, friends,

I´m here again.

Some days ago, I open a trade in UC. I have learned some lesson during this trade and I have applied MO´s ideas and thanks to God I´ve got some $$. LOL.

I trade EU too but in this case I was stopped. I think was because I forget the idea: "BDP" in higher frames. I shorted and EU went up strongly.

Anyway, this is my trade. I cant add size at 1.3067 (when I must add size) because when I decide to use OPM price had already hitted this level. Although I put a limit order. Price does not have oil to go up and reached it. LOL.

Too thanked with MO. I start to SEE. OMG. Everyday I SEE all clearer. LOL.

Hi Elkin!

Welcome back!

[MightyOne]

I would do something like the attached, on a large chart, as price is falling, or catch price on a retracement.

But if you are not going to get out prior to reaching your TP and you feel that you have too much space then,
sure, why not increase your position size for that last little bit.

for_elkin.png (12.29 KiB) Viewed 2325 times