How to be a MOnster

[Mira]

SO apparently my dream was wrong in direction but right in what it would look like...
that is what I get for sleeping on the wrong side of the bed

I need to find an interpreter of dreams. lol.

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Those patterns I have many pined on my wall . I miss art class.

Thank you for linking, now I see MORE clearly than before

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(FOR FUN )

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[John S.]

You're making all of this way too difficult.

Only focus on:
If price is going up - go long
If price is going down - go short

Add in some basic money management/sizing management and anyone can be a succesful trader.

[Mira]

I'm wondering if I can use a large chart bar (MN or W1) and eventually to draw projections higher lower..

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[Mira]

Hi everybody!

I'm back posting.. I spent the weekend focusing on patterns&breakouts, i just love them. Thank you MO!
I wanted to see this new view matching with the classic zline 'setup', and i came to a conclusion..

If it's right it would help a lot with the big picture (direction).

Here i drew what a classic zline looks like: below/above + RET.

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Here i drew the same thing but using price levels. I don't know if it's necessary but i'm considering "the next price level" as the minimum distance needed before i can look for a RET at the previous price level (that would be at 50% of the move)

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[Mira]

Sometimes i put on some angle because 'patterns&breakouts' concept seems the same but it's nothing serious for now, i'm going to wait for MO to tell me more about it in future, if he wants.

For now i'm happy with this horizontal view, i just want to try some entry

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[MightyOne]

I just look at it like this:
1) because of the prev. overlapping bars (sideways vs trendy PA) and the range of the bar, this is a take profit area.
2) a second close in an area forms a tradable price level
3) this bar is a breakout, it is important to note which direction price is moving away from a price level.
4) price returned to the micro take profit level of '3', on the prev. bar, bounced off of the price level and then made a higher close.
5) wicks in the direction of loss, the closes start to form a higher price level.
6) price is breaking up and away from the price level. While the close of this bar was weak, bar '3' was your first breakout, bar '4' was your strongest close higher, and this bar closed in the same area.
7) price fell away from 'something', take note.
8) price fell away from 'something' & this is a clear break of an uptrend line
9) In which direction do you think price is moving away from a price level?
?) someone thinks that price is going up...

You know, just go through the bars and write a story.

If price is not trending and you see a bar like '7' then you will be more inclined to buy at lower prices (where did it fall to?) instead of high breakouts.
If you start to notice strength then you switch over to paying higher prices.

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[MightyOne]

This is not something that you have to trouble yourself over, but this is an example of a fractal pattern repeat:

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[MightyOne]

This is what makes it difficult to profit from fractals.

So far it looks like it is moving into a repeat but it could also be expressing that smaller circle as some wider pattern.

It's interesting to study & look for clues.

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[Mira]

This is what makes it difficult to profit from fractals.

So far it looks like it is moving into a repeat but it could also be expressing that smaller circle as some wider pattern.

It's interesting to study & look for clues.

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Thank you MO!
I'm just trying but I still can't see them.. do you use fractals to see price repeating itself or to see if it breaks?
(Or to see if it creates a bigger fractal)?

Sorry, too many questions

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[MightyOne]

Thank you MO!
I'm just trying but I still can't see them.. do you use fractals to see price repeating itself or to see if it breaks?
(Or to see if it creates a bigger fractal)?

Sorry, too many questions

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It requires spatial intelligence and imagination.

By trading multiple periods you begin to see what smaller patterns look like as larger patterns, and vise versa, and then you begin
to see patterns repeat as 'expressions' of one another (like how you can tell that two girls are sisters).

It is not something that I can teach you, it is a seed that grows in your consciousness.

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