Newscalper,
Are you referring to the Rat trade, being the 2 bare setup...if so, yes we are aware. That is one of our methods of entry.
dojirock
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Nice... shot straight to daily target I wish I aimed for!
Yes I will post price on right.
In this trade now....
RED LINE is %50 daily momo 4hr zline and 1hr %50 momo.. Entered 15min rat targeting %50 of 1hr...
Let's see if i can get 3 winning trades in a row...
SL hit...at the red x... But I had plenty of areas where I couldve exit....But Didnt dumb
Yes I will post price on right.
In this trade now....
RED LINE is %50 daily momo 4hr zline and 1hr %50 momo.. Entered 15min rat targeting %50 of 1hr...
Let's see if i can get 3 winning trades in a row...
SL hit...at the red x... But I had plenty of areas where I couldve exit....But Didnt dumb
Last edited by MDSEA on Wed May 23, 2012 12:36 am, edited 2 times in total.
- newscalper
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dojirock wrote:Newscalper,
Are you referring to the Rat trade, being the 2 bare setup...if so, yes we are aware. That is one of our methods of entry.
dojirock
No: breakout followed by entry on retrace on the hugging candle on a smaller TF. It's all there back in the midsts of time. I think people always thought it was about trying to catch a reversal when TROs rules actually said re the higher T F sema being on this candle or the next. Drop down to the 15 and if it's the next hourly candle you're looking at you're going to be trading in the direction of the breakout (towards the sema) from an area of held profit i.e. a pullback. 9 times out of ten the sema signals a breakout, not a reversal. Folks have always looked at it wrong. It's just a 5 bar breakout.
Here's 15+ pips
Entry is 1hr momo 15min rat... 1hr zline wicked exit is 1hr zline.
I only took it because no 4hr or daily had setups
Purple entry exit Red line
Gonna look for rat entry buy 15min soon...
if price hits 1hr zline and showing 4hr and daily momo maybe wicked...
Sorry again doji for filling up your forum....
Entry is 1hr momo 15min rat... 1hr zline wicked exit is 1hr zline.
I only took it because no 4hr or daily had setups
Purple entry exit Red line
Gonna look for rat entry buy 15min soon...
if price hits 1hr zline and showing 4hr and daily momo maybe wicked...
Sorry again doji for filling up your forum....
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- newscalper
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If you're trading with momo you're trading towards the most recent sema on the higher tf and away from a fixed reversal point on the lower timeframe. All it is is breakout/retracement entry - Drain the banks erm.. 6? That's proabbly where the 5 originally came from apart from Bill Williams original definition of a fractal being 5 bars. A ranging period will give a minimum on the hourly of 4 bars (4hr inside bar breakout?), breakout on the hourly, new sema formed, stop hunt entry on the 15. Rings a bell.
- newscalper
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It's just the highest high or lowest low of the last 5 bars if defaults are used, as I said it's just a 5 bar breakout. If you have 4 inside bars and bar 5 breaks out of the range it will form a sema. The numbers it puts out are just for idiot wave analysis and the ones you see in the past are where price stopped breaking out and reversed, that does not mean that one appearing on the chart with a 3 on it right now means a reversal is coming as most people way back used to seemed to imply.
- newscalper
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It's going to break out more times than it's going to hold
So the 'ideal short entry if taking a rat would have been on the candle after the large down momo, although if you were relying on the dynamic fibs to give you some kind of signal I don't think you would have got it as there wasn't a 5 bar high there on the shorter TF.
So the 'ideal short entry if taking a rat would have been on the candle after the large down momo, although if you were relying on the dynamic fibs to give you some kind of signal I don't think you would have got it as there wasn't a 5 bar high there on the shorter TF.
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