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Psych Levels, Pivots, and Trendlines - Resurrected

  • #12,281
  • Mar 20, 2018 6:06am Mar 20, 2018 6:06am
Unexpected, Range middle of range PP act as S/R, on the way up, from bottom to top, small wedge, with a target at the top of the range, but unexpectedly price shoot up for 1 to 5 trade, closed at Mid Pivot
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Even though I walk through the darkest valley, I will fear no evil
  • #12,282
  • Mar 20, 2018 6:30am Mar 20, 2018 6:30am
Quoting Vitalisimus
Dear Monocor! Glad you come back. Thread is dead without you. Can I write a PM to you. Best regards. Vitaly.
Sure why not !
It is not thread dead, it is trend price action dies, it is all normal, it cycling, ppl is looking for easy way to make money, price action takes time to learn, to understand, but they want fast money, it is all good for members of thread coz we become a valuable asset, hedge funds and etc will be looking to hire us, and will pay a lot of money just to get advise from us, it is all coming.
Ppl come to market, want to make fast money, don't want to learn, they want arrows, which will show you where to buy, where to close, its all was discussed. Ppl use arrows loose money, and they leave the market, in order to make money, some one has to loose those money, and to bring those ppl back they create a new trend. New trend is awesome, for us, coz ppl will loose even more money, new trend is trading on the News, technical analysis is BS lets trade only fundamentals, and not even fundamentals trade news.
Short example to prove my words, november - december unnormal growth of dollar, all news and analytics was silent, after parabolic move up, will be parabolic drop down, ppl was buying dollar, news silent, no one sees that, cool I will be rich,they after they bought on higher price, in January parabolic drop, news fired sell the dollar, the biggest drop in history, and not even a word about november - december, and they made money, there are other reasons of that manipulation as well.

I will post some charts, to keep this thread alive and in top, for ppl who want to learn something, and they easily could find this thread, but there is not gonna be a lot of activity, as I said trend of price action switched to new one
Even though I walk through the darkest valley, I will fear no evil
  • #12,283
  • Mar 20, 2018 3:34pm Mar 20, 2018 3:34pm
Quoting monocor
{quote} thank you mate, how are you ? how is your trading ?
Hey monocor! Thx for asking! First of all( i said it times before) I wanna thank you soooo much for beeing my "mentor". Your posts and charts helped me so much to understand price action, to see level and patterns etc. Thank you for that!

Well, Im busy with trading over a year now and i still have much to learn!!!!

After my demo trading i went to live account. Damn is that hard!?
Maybe someone remembers their beginnings...

Live Trading is never ever comparable with demo trading!

See...You know all that stuff! You read about it, you study it day after day, you said : Ok! Ah yeah, that make sense! Sure i have to do that! And whtat do you do???

The exact opposite!
I know now the hardest part is not understanding price action, looking for opportunities to trade etc..
The hardest part in trading is the psychological part. Its your mind!

I blew up my little my 2 little micro accounts because of over leverage, forcing trades without signal etc.. all of that.
I guess you know that feeling.

But whatever i will go on. Im filling my 3rd account but until i trade with it i will wait and pratice for more confidence!

How are you doing? Do you have a new car?
  • #12,284
  • Mar 20, 2018 5:28pm Mar 20, 2018 5:28pm
I use very similar method but on big frame charts:
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  • #12,285
  • Mar 20, 2018 7:55pm Mar 20, 2018 7:55pm
Hey Monocor.. Good to see you posting.. Yes you are right, people don't want to take time to learn price action but they rather learn how to trade with 5 indicators because it seem easier.. Here's some trades from today..
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  • #12,286
  • Mar 21, 2018 4:44am Mar 21, 2018 4:44am
The same story as before yesterday scalping trend with flags, 4 trades +8% profit, pretty much done for the day
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Even though I walk through the darkest valley, I will fear no evil
  • #12,287
  • Mar 21, 2018 4:45am Mar 21, 2018 4:45am
Quoting focusonmoney
Hey Monocor.. Good to see you posting.. Yes you are right, people don't want to take time to learn price action but they rather learn how to trade with 5 indicators because it seem easier.. Here's some trades from today.. {image} {image} {image}
Nice to see you mate, and nice trades as always !!!!!!!!!! I don't trade GU coz margin is too high
Even though I walk through the darkest valley, I will fear no evil
  • #12,288
  • Mar 21, 2018 4:46am Mar 21, 2018 4:46am
Quoting vitall
I use very similar method but on big frame charts: {image}
I need area of S/R at the end of flag to take a trade, but it is right direction
Even though I walk through the darkest valley, I will fear no evil
  • #12,289
  • Mar 21, 2018 4:55am Mar 21, 2018 4:55am
It is not only trend continuation trades, you easily can trade in the range as well
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Even though I walk through the darkest valley, I will fear no evil
  • #12,290
  • Mar 21, 2018 6:35am Mar 21, 2018 6:35am
Quoting monocor
{quote} I need area of S/R at the end of flag to take a trade, but it is right direction
That is what I'm doing as well. I use Murrey levels, Fibo, PP sometimes.There are a lot of possabilities on all timeframes. Sometimes 45 minuite chart shows nice setup. But TP and SL should be set up in the proper way of MM.
On the chart below you can see rebbound from Murray level, Fibo level+ Alligator:
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  • #12,291
  • Mar 21, 2018 6:44am Mar 21, 2018 6:44am
EJ H1:engulfing is forming.
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  • #12,292
  • Mar 21, 2018 6:28pm Mar 21, 2018 6:28pm
Good work Monocor.. Yes, S/R is very good.. Here's a couple of trades..
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  • #12,293
  • Mar 22, 2018 5:52am Mar 22, 2018 5:52am
The same story, this week is tranding
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Even though I walk through the darkest valley, I will fear no evil
  • #12,294
  • Mar 22, 2018 6:02am Mar 22, 2018 6:02am
Quoting vitall
{quote} That is what I'm doing as well. I use Murrey levels, Fibo, PP sometimes.There are a lot of possabilities on all timeframes. Sometimes 45 minuite chart shows nice setup. But TP and SL should be set up in the proper way of MM. On the chart below you can see rebbound from Murray level, Fibo level+ Alligator: {image}
I understand what are you saying, didn't mean that it is wrong, it is your way, my way is to follow structure

AU structure is broken, Price broke privious LH, at that point it can be change in direction or range
EJ the same story, price breaks HL, you can use it as support and go short, but it is risky coz you sell at first possible LH
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Attached Image
Even though I walk through the darkest valley, I will fear no evil
  • #12,295
  • Mar 22, 2018 6:26am Mar 22, 2018 6:26am
Quoting stechi
{quote} Hey monocor! Thx for asking! First of all( i said it times before) I wanna thank you soooo much for beeing my "mentor". Your posts and charts helped me so much to understand price action, to see level and patterns etc. Thank you for that! Well, Im busy with trading over a year now and i still have much to learn!!!! After my demo trading i went to live account. Damn is that hard!? Maybe someone remembers their beginnings... Live Trading is never ever comparable with demo trading! See...You know all that stuff! You read about it, you study...
Yes that is all true, you need to break mental barrier, and trade only with risk which you can afford, 1-2% not more then that, don't try to get rich fast, from $100 to million in one month, you need to have stable income, lets say 10% a week, after you have it you can look how to increase your profit. Trading plan is your law you can't break it. First determine direction, HH - LL or even simple 50EMA, after look for S/R,PP and etc, and only after that for patterns. I hope you will make it!!!

I am buying and selling cars all the time, I want GTR right now, I had lambo but maintenance is a big problem and cost a lot of money
Even though I walk through the darkest valley, I will fear no evil
  • #12,296
  • Mar 22, 2018 7:14am Mar 22, 2018 7:14am
One more trade, that is my A+ trade
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Even though I walk through the darkest valley, I will fear no evil
  • #12,297
  • Mar 22, 2018 7:17am Mar 22, 2018 7:17am
Some times you just get lucky AU small flag end up 8 to 1, UJ the same small flag 4 to 1 trade
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Even though I walk through the darkest valley, I will fear no evil
  • #12,298
  • Mar 22, 2018 7:11pm Mar 22, 2018 7:11pm
Monocor are we the only ones that trade like this? Anyway, here's some trades..
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  • #12,299
  • Edited 6:35am Mar 26, 2018 6:23am | Edited 6:35am
Duble bot at mid pivot, with a channel at the second leg, target next pivot
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Even though I walk through the darkest valley, I will fear no evil
  • #12,300
  • Mar 26, 2018 6:33am Mar 26, 2018 6:33am
Quoting focusonmoney
Monocor are we the only ones that trade like this? Anyway, here's some trades.. {image} {image}
It is our way of trading, we follow structure it is our leverage which we use and make money. Ive seen a lot of ppl, who is saying yes I know what is structure, I know how to use it, but when it comes to trading they have no clue what they are doing, coz it takes time when your theoretical knowledge can be used in practical way, charting time makes a big difference, it is really good exercise to scroll charts couple years back, and find all the thousand trades which was there, coz you train your eyes, you start to understand the price behavior and etc., the funny thing that i told more then 100 ppl to do this exercise, and non of them did it. When we have 1000s hours of charting time and not including back testing we have leverage, coz we have no doubts when we take trades.
Even though I walk through the darkest valley, I will fear no evil
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