How to be a MOnster

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IgazI
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Re: How to be a MOnster

Postby IgazI » Mon Apr 02, 2018 12:56 pm

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Mira
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Re: How to be a MOnster

Postby Mira » Wed Apr 04, 2018 10:51 am

I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).

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Re: How to be a MOnster

Postby IgazI » Wed Apr 04, 2018 4:00 pm

Mira wrote:I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).


Take a lesson from dchappy and wait until it is at least possible to cross the AO ZL shortly after entry.

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Mira
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Re: How to be a MOnster

Postby Mira » Wed Apr 04, 2018 6:33 pm

IgazI wrote:
Mira wrote:I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).


Take a lesson from dchappy and wait until it is at least possible to cross the AO ZL shortly after entry.

AOX.png


Thank you IgazI!
Do you mean to wait for a AO cross before considering a breakout?

I considered that zone as a breakout since it was a lower low with a broken S/R around the 50% of the bearish move.

Price does this thing very often by the way.
I mean that it closes over my (“my” aka “retail’s”) stop loss, then it closes back in and goes straight to the EX take profit.
Maybe considering a more defensive position sizing and then adding in is better than trading all the size immediately :roll: :idea:
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Re: How to be a MOnster

Postby IgazI » Wed Apr 04, 2018 7:30 pm

Mira wrote:
Thank you IgazI!
Do you mean to wait for a AO cross before considering a breakout?
...


No, you simply time an entry signal with the possibility of price crossing the AO ZL (40 SMA in our case) soon after you enter.

Notice that the 2 SMA BO is also an AO BO:

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The only time you would trade a high point is after price reverses from the 40 SMA:

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Re: How to be a MOnster

Postby PTG » Wed Apr 04, 2018 9:24 pm

Mira wrote:I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).

2018-04-04_2238.png
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Mira

Not sure if I'm doing you any favour with this and this is also not to disparage others. I see you bouncing around from idea to idea which, if correct, you'd have to stop doing if you want to get anywhere with trading. You may end up in a madhouse otherwise. Pick one simple thing and stick to it for at least 100 trades and see where you get. Pick something like HOLO, thread is here https://www.kreslik.com/forums/therumpledone/holo-highest-open-lowest-open-trade-t12931?hilit=HOLO. Or pick any of the ideas of LeMercenaire but pick one simple idea and stick to it. The simple idea comes down to this: you wait for price to cross a horizontal line and you enter a trade. Nothing fancy, that's it. Point is, we all have to learn how to walk before we can run.

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Re: How to be a MOnster

Postby Mira » Fri Apr 06, 2018 8:51 am

PTG wrote:
Mira wrote:I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).

99EA4950-28F8-433A-8D00-BE6E73566A56.png


Mira

Not sure if I'm doing you any favour with this and this is also not to disparage others. I see you bouncing around from idea to idea which, if correct, you'd have to stop doing if you want to get anywhere with trading. You may end up in a madhouse otherwise. Pick one simple thing and stick to it for at least 100 trades and see where you get. Pick something like HOLO, thread is here https://www.kreslik.com/forums/therumpledone/holo-highest-open-lowest-open-trade-t12931?hilit=HOLO. Or pick any of the ideas of LeMercenaire but pick one simple idea and stick to it. The simple idea comes down to this: you wait for price to cross a horizontal line and you enter a trade. Nothing fancy, that's it. Point is, we all have to learn how to walk before we can run.

2018-04-04_2238.png


Damn.. am I an idiot or what? #-o
Almost 2 years on the board and I NEVER traded with color.

Now it’s changing my view :shock:
Fails drop dramatically following the rule!!

Thanks PTG and IgazI!!
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Re: How to be a MOnster

Postby PTG » Fri Apr 06, 2018 10:40 am

Mira wrote:
PTG wrote:
Mira wrote:I’ve waited for a lower low this time, nothing :lol:
Price closed above my stop loss and then it reached my previous target (south).

99EA4950-28F8-433A-8D00-BE6E73566A56.png


Mira

Not sure if I'm doing you any favour with this and this is also not to disparage others. I see you bouncing around from idea to idea which, if correct, you'd have to stop doing if you want to get anywhere with trading. You may end up in a madhouse otherwise. Pick one simple thing and stick to it for at least 100 trades and see where you get. Pick something like HOLO, thread is here https://www.kreslik.com/forums/therumpledone/holo-highest-open-lowest-open-trade-t12931?hilit=HOLO. Or pick any of the ideas of LeMercenaire but pick one simple idea and stick to it. The simple idea comes down to this: you wait for price to cross a horizontal line and you enter a trade. Nothing fancy, that's it. Point is, we all have to learn how to walk before we can run.

2018-04-04_2238.png


Damn.. am I an idiot or what? #-o
Almost 2 years on the board and I NEVER traded with color.

Now it’s changing my view :shock:
Fails drop dramatically following the rule!!

Thanks PTG and IgazI!!


YW Mira.
When trading WITH colour, you are in fact trading away from a horizontal line, namely the open of the candle you're referencing. TRO has some tools to show that this is advantageous statistically.

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Mira
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Re: How to be a MOnster

Postby Mira » Mon Apr 09, 2018 5:49 pm

Traded with D1 colour, bullish break + wick but I think that I went in too late..

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Mira
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Re: How to be a MOnster

Postby Mira » Mon Apr 09, 2018 6:59 pm

Same formation on EG but this time I took the first pullback.. let’s see.

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