How to be a MOnster

[Mira]

I see I'm looking at the same thing and I could trade these charts too.. but no AHA moment for me.

Do I need to find my personal view?
Or I need to clear my mind and start again?


Zline/MZ/NLA STUFF/Doji Box

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MO's Ovals

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[MightyOne]

Trading is not technical analysis, trading is YOU.

When you go to draw something do you not make rough shapes before cleaning it up into a more perfect image?

People have this idea that if it is not pretty that it is not perfect and if it is not perfect that it must be wrong, but sometimes
all that is needed is a bit of doodling as the image never existed outside of yourself to begin with.

I have made pretty charts, based on my personal artistic style, and I have made childish looking charts and they are equally effective.

[Mira]

EJ2.png (16.13 KiB) Viewed 2604 times

and if it will never bounce i'm going to invent something

[Mira]

Trading is not technical analysis, trading is YOU.

When you go to draw something do you not make rough shapes before cleaning it up into a more perfect image?

People have this idea that if it is not pretty that it is not perfect and if it is not perfect that it must be wrong, but sometimes
all that is needed is a bit of doodling as the image never existed outside of yourself to begin with.

I have made pretty charts, based on my personal artistic style, and I have made childish looking charts and they are equally effective.

Extraordinary words

THANK YOU!

[Mira]

I forgot P&F

This night studies was about some thoughts i had..

Closes over their own extreme, range's midpoint, larger correction etc. ... i mean, stuff about a view beyond the candlestick pattern.
(I showed candlestick just for a sort of 'confluence')

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One other

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There are no words bec everybody sees different.

[Mira]

EJ2.png

and if it will never bounce i'm going to invent something

Updated chart

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[TheRumpledOne]

What's going on, Mira? I hope that you are doing well.

I doodled on your last picture and attached it below.

You don't want to exit / rebuy more than once or twice because you'll miss price 'popping' to the next higher level.

What exactly you do depends on your trading plan.

for_Mira.png

I was recently inspired by the way players track player/banker in Baccarat & I thought why not make a 'Big Road' Oscillator using 1-box reversal P&F rules? It is a little more confusing at first but it saves a frack-ton of space once you get used to it.

The color that is moving along the 2nd row tells you what the short-term trend is, the 3rd row is for 'catapults', and the breakouts are similar to that of a point and figure chart.
The chart is usually 6 spaces deep but I made it 7 spaces because of the way in which 1-box reversal charts are constructed.

Anyways, take care.

Is this it?

https://wizardofodds.com/games/baccarat/history/

[Mira]

Trading is not technical analysis, trading is YOU. - MO


I decided to change my view and to give a personal style to my trades.
Since "If you see the Loss you can see the Profit" I'm going to fade the illusion in this way:

IMG_0056.PNG (9.12 KiB) Viewed 2611 times

I feel more confident if I imagine myself giving away profits and seeing price going in the opposite direction, it sounds absurd eh?

[MightyOne]

If you don't know where you are going then how are you supposed to get there?

Look at the monthly chart before it started its last leg down away from the horizontal line.

The very first month it didn't really go anywhere but how much size do you think you could have accumulated in that time?
Price began to move down and it closed right where that tall candle closed(this area is an oval) and the idea would be to trade to
the zero line below.

Each blue line that you see on the chart is half of the average range of the last 48 hourly bars and the areas are doubled in width as I move to higher charts; if I don't get my position sizing right for the pair that I am trading then I am done before I even get started.

If a pair is too volatile then you might try entering on a 4 hour or larger chart as this will give you more space and a higher probability of successfully grabbing space.

for_Mira.png (35.73 KiB) Viewed 2581 times

[Mira]

If you don't know where you are going then how are you supposed to get there?

Look at the monthly chart before it started its last leg down away from the horizontal line.

The very first month it didn't really go anywhere but how much size do you think you could have accumulated in that time?
Price began to move down and it closed right where that tall candle closed(this area is an oval) and the idea would be to trade to
the zero line below.

Each blue line that you see on the chart is half of the average range of the last 48 hourly bars and the areas are doubled in width as I move to higher charts; if I don't get my position sizing right for the pair that I am trading then I am done before I even get started.

If a pair is too volatile then you might try entering on a 4 hour or larger chart as this will give you more space and a higher probability of successfully grabbing space.

for_Mira.png

Thanks MO!

I'm trying to grasp your words.. so, basically, patterns happen around large candles closes?
And is this because price could only continue in the previous direction or reverse?

Thank you for your position sizing tips too.. I'd like to use fantasy along with your teachings to build something that could raise my confidence (and profits).