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How to be a MOnster

Posted: Thu Mar 23, 2017 7:43 pm
by Mira
Hi guys!

I'm starting a new topic because I don't want to monopolize MightyOne's or other members threads.

It's a bad time for the board, nobody is posting and few are reading. I really hope that this thread could be a place for students like me, who want to learn and post.
Here I'll make some research and test so I'll be able to ask better question to MO ( :lol: ) and, hopefully, to GROW.

(I'm sorry for my English, language is a little barrier but charts can talk without saying a word)

Re: How to be a MOnster

Posted: Thu Mar 23, 2017 9:40 pm
by elkin.fernandez
Hi Mira. Don worry, my native language is spanish and I try to communicate the best possible. :).

You are not alone. I am another new student. Although there are many thing I do not understand I think that with time and discipline we are our own MO. :)

One question: When you are going to enter a trade you put pending orders or you enter with market orders?.

This question is because if one SEE price action possibly one must enter with Market Orders and enter when PA give us the signal. I do not know if I am worng in this topic.


Greeting,

Re: How to be a MOnster

Posted: Thu Mar 23, 2017 11:26 pm
by Mira
Hi Elkin! :D

Thank you for posting.
For now I'm entering with market orders for the your same reasons. I draw a line at the "best price" I can see and if it's leaving then I stay out and wait for a pullback.

Probably gaining experience I'd prefer limits for liquidity reasons.. :?:

Re: How to be a MOnster

Posted: Thu Mar 23, 2017 11:31 pm
by Mira
Thoughts..

IMG_2594.PNG
IMG_2594.PNG (20.97 KiB) Viewed 7526 times


IMG_2595.PNG
IMG_2595.PNG (17.84 KiB) Viewed 7526 times

Re: How to be a MOnster

Posted: Fri Mar 24, 2017 4:16 pm
by Mira
Euro Ovals

EU H4.png
EU H4.png (13.74 KiB) Viewed 7433 times


I'm planning this short, if price comes back to me.. :roll:

UJ2.png
UJ2.png (18.97 KiB) Viewed 7433 times

Re: How to be a MOnster

Posted: Fri Mar 24, 2017 4:39 pm
by Mira
Mira wrote:Thoughts..

IMG_2594.PNG

IMG_2595.PNG



Updated chart: price reacted well around lines



Gold.png
Gold.png (18.47 KiB) Viewed 7426 times

Re: How to be a MOnster

Posted: Fri Mar 24, 2017 6:20 pm
by Mira
Even more questions on range expansions:

IMG_2603.PNG
IMG_2603.PNG (108.68 KiB) Viewed 7412 times


I made this pic on my phone so "CC" isn't so precise I guess..

Re: How to be a MOnster

Posted: Sat Mar 25, 2017 2:38 pm
by Mira
MightyOne wrote:
A short term trade would have to turn into a larger move and longer term trade.

Retreat prior to a correction and then enter in the previous direction.

Trading is a delicate balance between short term momentum and long term position.



Magic Words

Re: How to be a MOnster

Posted: Sat Mar 25, 2017 3:20 pm
by Mira
Dissecting patterns:

angles.png
angles.png (18.07 KiB) Viewed 7352 times


If i were able to do this live too.... :lol:

Re: How to be a MOnster

Posted: Sat Mar 25, 2017 3:47 pm
by Mira
Double