How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 7:14 pm

Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?

But if momentum is not a breakout then i definitively don't know what momentum is.

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Mira
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 7:30 pm

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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 8:17 pm

Well.. that said that i forgot to post the exact "setup" that i was looking for.. lol

(late chart - before the losses)

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tom7ak
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Re: How to be a MOnster

Postby tom7ak » Thu Mar 29, 2018 8:31 pm

Mira wrote:Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?

But if momentum is not a breakout then i definitively don't know what momentum is.

why.png


Hi Mira,

Price breaks out/down from the pattern. Are all of them (breakouts) real Mo ie sth to buy/sell?

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Re: How to be a MOnster

Postby tom7ak » Thu Mar 29, 2018 8:42 pm

Mira wrote:Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?

But if momentum is not a breakout then i definitively don't know what momentum is.

why.png


Was this bounce an opportunity to buy or fake setup before a real move down with true down Mo?
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Mira
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 8:43 pm

BTW i hate it, naked charts are better even for a blind eye.



Mira wrote:Well.. that said that i forgot to post the exact "setup" that i was looking for.. lol

(late chart - before the losses)

new1.png

new2.png

new3.png

new4.png
__________ THE :smt096 IS A LIE__________

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Mira
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Re: How to be a MOnster

Postby Mira » Thu Mar 29, 2018 8:57 pm

tom7ak wrote:
Mira wrote:Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?

But if momentum is not a breakout then i definitively don't know what momentum is.

why.png


Was this bounce an opportunity to buy or fake setup before a real move down with true down Mo?


Hi Tom!
Thanks for replying, this is how i see it: no, it wasn't.

to me:

1- broken level
2- I hope that a bounce will push price back to your level (1)
3- no bullish, no momo aka flat
2- price breaks but i don't want to short no more, now i start to look for longs.

I don't know what i do wrong
TOM_.JPG
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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 9:14 pm

Mira wrote:I don't know how much time i spent on this board.. i started this path with my friends and everybody left. Well, they left a while ago :lol:
I stressed out every guy on the forum, you gave me everything and i still can't figure it out.

When i dream is about charts.. just to let you know how it goes :shock:

So what's the problem? Many times i think that it may could be my poor English that creates a sort of 'barrier', other times i think that i'm just too stupid to understand #-o


Patience. This may take a while. And while you learn, trade small with some money on the line, but trade. And evaluate your trades.

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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 9:16 pm

Mira wrote:
tom7ak wrote:
Mira wrote:Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?

But if momentum is not a breakout then i definitively don't know what momentum is.

why.png


Was this bounce an opportunity to buy or fake setup before a real move down with true down Mo?


Hi Tom!
Thanks for replying, this is how i see it: no, it wasn't.

to me:

1- broken level
2- I hope that a bounce will push price back to your level (1)
3- no bullish, no momo aka flat
2- price breaks but i don't want to short no more, now i start to look for longs.

I don't know what i do wrong
TOM_.JPG



Don't hope. Anticipate potential scenarios and act accordingly. Price can only go up, or down.

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Re: How to be a MOnster

Postby PTG » Thu Mar 29, 2018 9:19 pm

Keep it simple. Draw a line and trade away from it.


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