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- dojirock
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Pariah,
You tell me how that one candle tells you Bias is short...???
Your trying to guess the top aren't you? Remember, extreme, expansion, then reversal...
remember..one time frame is entry time frame and a higher one is bias.....
You tell me how that one candle tells you Bias is short...???
Your trying to guess the top aren't you? Remember, extreme, expansion, then reversal...
remember..one time frame is entry time frame and a higher one is bias.....
pariah wrote:Hi Doji,
thanks for the quick reply.
This concept of Bias eludes me. Does it mean MOMO?
I've posted an EJ chart.
The current candle has taken out all the sellers @ supply, anticipate continued rise?
Thanks again.
EJ just filled Gap.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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You have to do 2 things to find a 'Momentum Candle':
1) roughly define what IS NOT momo
2) compare what you THINK IS momo to prev. momo
momo should not be part of a range; you should clearly be able to see that price is higher or lower than 'something' due to the mbar:
While 'momo' became popular, it was never about momentum candles!
The lesson was about making comparisons so that you can see transitions from one state to another; thus providing the 'signal' to enter.
1) roughly define what IS NOT momo
2) compare what you THINK IS momo to prev. momo
momo should not be part of a range; you should clearly be able to see that price is higher or lower than 'something' due to the mbar:
While 'momo' became popular, it was never about momentum candles!
The lesson was about making comparisons so that you can see transitions from one state to another; thus providing the 'signal' to enter.
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Thank you for your support.
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