How to be a MOnster

[dojirock]

Mr. Hyde,

"My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit)."

Perfectly said!!!!

This is what im getting at and the traders we can help. If one can define momo, there is no confusion.
I can see your definition, clear as day. Its not mine, but thats ok. You have one, thus you can trade it!

doji

ccc.png

if... and only if you assume momentum is on that line. At what point is it removed? wick or close? Where is the opposite momentum that removed this one?
remember It TAKES momentum...
Does it have to have similar appearance?...
Ok, lets assume you found momentum that removed momentum. what do u do with it? does it tell u the direction? is it a trigger?

Thats my understanding. The IDEA, i think is only ONE, but its perception and realisation could be many. This one might not be yours.

Look for momo to close over/under another momo bar or for it to get rejected.

My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit).

[dojirock]

I will have 3- 27" 1440 Screens. I will post pics when finished, Im going from a laptop to this setup. The best part is that its all bought and paid for from trading.

doji

[Mr. Hyde]

I will have 3- 27" 1440 Screens. I will post pics when finished, Im going from a laptop to this setup. The best part is that its all bought and paid for from trading.

doji

That's awesome. Im looking at upgrading this summer.

[Mira]

Mr. Hyde,

"My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit)."

Perfectly said!!!!

This is what im getting at and the traders we can help. If one can define momo, there is no confusion.
I can see your definition, clear as day. Its not mine, but thats ok. You have one, thus you can trade it!

doji

ccc.png

if... and only if you assume momentum is on that line. At what point is it removed? wick or close? Where is the opposite momentum that removed this one?
remember It TAKES momentum...
Does it have to have similar appearance?...
Ok, lets assume you found momentum that removed momentum. what do u do with it? does it tell u the direction? is it a trigger?

Thats my understanding. The IDEA, i think is only ONE, but its perception and realisation could be many. This one might not be yours.

Look for momo to close over/under another momo bar or for it to get rejected.

My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit).

Cool! Finally a good news
That is what I meant when I said "triggered stop losses".. I think I got this definition when I thought to MO's statement "If you can see the loss then you can see the profit".

Thank you guys for your help!

[Mr. Hyde]

It all depends what the Market is - is it a Pharmacy (precise- `significance of closes' etc) or the opposite. Is the Origin the point or the zone?
"AS LONG AS IT IS BACK FOR DINNER"

It gets a bit more tricky for me here. Origin. Even if we determine precisely what momentum is and what Origin is - the Origin would depend on which TF we look at. Unless we go for the EXTREME - there all TFs meet:)

You promised us some charts with trades, if i remember correctly:)

LOL you're right.. but my markets, for now, are:

UJ
EG
EU
GOLD

I trade 4H+ and I look for extremes, I'm waiting for something interesting

Something interesting

[Mira]

Something interesting

With ya

IMG_2827.PNG (83.1 KiB) Viewed 2640 times

[tom7ak]

ccc.png

if... and only if you assume momentum is on that line. At what point is it removed? wick or close? Where is the opposite momentum that removed this one?
remember It TAKES momentum...
Does it have to have similar appearance?...
Ok, lets assume you found momentum that removed momentum. what do u do with it? does it tell u the direction? is it a trigger?

Thats my understanding. The IDEA, i think is only ONE, but its perception and realisation could be many. This one might not be yours.

Look for momo to close over/under another momo bar or for it to get rejected.

My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit).

Thanks Mr.Hyde. I looked at this pattern before, but i think i need to get there other way, by understanding why its doing what its doing (momentum). do u use this pattern for bias or entry or both?

[Mira]

Something interesting

With ya

IMG_2827.PNG

Like butter.. UJ wants W A R

Midpoints.png (35.33 KiB) Viewed 2866 times

[Mr. Hyde]

ccc.png

if... and only if you assume momentum is on that line. At what point is it removed? wick or close? Where is the opposite momentum that removed this one?
remember It TAKES momentum...
Does it have to have similar appearance?...
Ok, lets assume you found momentum that removed momentum. what do u do with it? does it tell u the direction? is it a trigger?

Thats my understanding. The IDEA, i think is only ONE, but its perception and realisation could be many. This one might not be yours.

Look for momo to close over/under another momo bar or for it to get rejected.

My fav trades are against what some here think is momo but its just price spiking to revisit the highest high (were we look to exit).

Thanks Mr.Hyde. I looked at this pattern before, but i think i need to get there other way, by understanding why its doing what its doing (momentum). do u use this pattern for bias or entry or both?

both

[Mira]

I want to laugh but it is just too sad...
when I see traders saying, 'look at this guy who stacked, increasing his account by 20-40% in just weeks only to get stopped out!'

It works like this:

say that you are trading 2 lots over 30 pips, stack to 12 lots, & liquidate 10 pips from your position getting stopped.

you might think 'what a fool, he started with 30 pips of space and now he has 10 pips!' but in reality he made 2:1 getting stopped out with a small profit!

His downside is the same as yours, his worst trade is your best trade, and his best trade is your wet dream.

A dark mind can only see dark things, it focuses only on profit so it will only see loss.
An illuminated mind sees the pitfalls, it focuses only on loss so it will only see gains.

The ZL is not just a line, it is a mindset.

I LOST THE WORDS