How to be a MOnster

[elkin.fernandez]

Mira, you had 3 profit weeks and 1 loss week.
If you use Eights your result was very favorable for you.

When I read this ppst of your. I remember a MO's words.
"You need to believe that a loss is not a reflection of your skill as a trader"

Just Trade It (JTI)

[Mira]

Mira, you had 3 profit weeks and 1 loss week.
If you use Eights your result was very favorable for you.

When I read this ppst of your. I remember a MO's words.
"You need to believe that a loss is not a reflection of your skill as a trader"

Just Trade It (JTI)

Thank you Elkin!

Yes I surely would be up using EIGHTS!
The problem is that lately I hadn’t so much time to trade on my PC, so I had to use my phone for most of my trades..
I tried to use the fibo tool to recreate EIGHTS on my phone but... you can imagine

[elkin.fernandez]

I can imagine that. Lol.

[MightyOne]

What's a chopstick
What's a noodle
Why use trendlines. Is not enough horizontal lines?

Just Trade It (JTI)

I was explaining to Mira my thought process for drawing trend lines that intersect with dchappy's trade signals...

I am not an educator, guru, or whatever ICT is; anything that I say is just me expressing what is important to me, the ideas that I utilize, and I offer you nothing more than that.

Sometimes I feel like Santa: one minute you are just an old man making toys for children in your spare time and the next minute you're an elf with magical powers.

[Mira]

What's a chopstick
What's a noodle
Why use trendlines. Is not enough horizontal lines?

Just Trade It (JTI)

I was explaining to Mira my thought process for drawing trend lines that intersect with dchappy's trade signals...

I am not an educator, guru, or whatever ICT is; anything that I say is just me expressing what is important to me, the ideas that I utilize, and I offer you nothing more than that.

Sometimes I feel like Santa: one minute you are just an old man making toys for children in your spare time and the next minute you're an elf with magical powers.

And this is the best gift ever, MO!
thank you very much for what you are doing here

[elkin.fernandez]

I have read many post here in Kreslik. I have noticed that many of members that today are a great traders once time in their life. They wrote here that they don understand anything. They felt they didn't see anything. Suddenly they start to feel winners. I could read Dragon33 and Dojirock and they wrote almost the same words of disappointment. Hehe.

I already have felt in this way. Lost! But ever trying go head!!!

JustTradeIt (JTI)

[Mira]

I have read many post here in Kreslik. I have noticed that many of members that today are a great traders once time in their life. They wrote here that they don understand anything. They felt they didn't see anything. Suddenly they start to feel winners. I could read Dragon33 and Dojirock and they wrote almost the same words of disappointment. Hehe.

I already have felt in this way. Lost! But ever trying go head!!!

JustTradeIt (JTI)

Never give up Elkin!
We’ll get there, ‘keep it simple’ is the rule!

[Mira]

AUDJPYM30.png

Mmm.. is a chopstick trendline that you are showing me?

Btw I was in that short (M30 level/H4 WD in a H4 Momo breakout) but my stop was too close to the current PA.

Thanks for the beautiful charts and the help given MO

You can fudge what I'm about to say a bit but this is the gist of it:

1. your first chopstick will be outside of the pivot that breaks the tightest trend line.
2. there should be roughly a 10 to 15 degree difference between the first and second chopstick
3. there should be a 'noodle' between the chopsticks.

This is useful to spot continuation trades (2 SMA is between the chopsticks) and judge reversals (noodle or 2 SMA slips out of the chopsticks).

This is very similar to the idea of 'speed lines', this is just the way that I imagine it.

CHFZARM30.png

Thanks MO!
Finally I think I’m getting and idea of what you're talking about.
Not easy.. the process is clear but identifying the first chospistick is crucial, and I don’t know if I’m seeing it.

[MightyOne]

...
Not easy.. the process is clear but identifying the first chospistick is crucial, and I don’t know if I’m seeing it.

All that you are doing is making a V around the 40 SMA HL/2

for_Mira.png (24.22 KiB) Viewed 3173 times

[Mira]

Just realized that MO is a genius

Ok it's not a news but if I’m not misunderstanding then the average move of a pair is two lines on all the timeframes (per timeframe).

Therefore:

If I trade off a MN extreme and I start from a H1 chart then I could make an average of 32 lines with a risk of 2