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bettlebox
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Postby bettlebox » Mon Nov 25, 2013 3:52 pm

hi Raw

Yea it appears i break my own rules by holding beyond what appears to be a bias change opposite way.

All These are are retracement back into larger movement of money so its can expected. The is difference between a retracement and full blown bias change.

Today on EURUSD is classic example this. The large dump of money came in on UK opening driving price down then had a weak break to downside i would class this as nothing because no retest of serious money has been attempted yet. Then price spent rest morning retracing back up. If you hadn't noticed the money in the market from the morning, you may of got confused about what appears to be a bias change at the bottom of movement when in reality its jsut a retracement.

I think i understand 50% fib level. thanks
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My EurUsd today
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Postby bettlebox » Mon Nov 25, 2013 4:05 pm

Raw, Price hitting that zline that be good place to close and look for continuation or price turn. Good job. I missed that initial break in the morning on friday.

Its always good to take profit or partial profits after a large movement/big bars.
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Postby dojirock » Mon Nov 25, 2013 4:11 pm

50 fibs on the blue boxes. Takes a 50 fib on a red to break trend and signify reversal.
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Postby dojirock » Mon Nov 25, 2013 4:25 pm

50's examples....then combine with it RB's
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It always takes Momentum to break Momentum!
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Postby dojirock » Mon Nov 25, 2013 4:32 pm

RB's ovelayed last chart
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Postby bettlebox » Mon Nov 25, 2013 4:35 pm

Thanks Doji for pic i was drawing it as you posted lol. I understand, interesting.

dojirock wrote:50's examples....then combine with it RB's
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Postby dojirock » Mon Nov 25, 2013 4:41 pm

usd/jpy
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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!"

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Postby dojirock » Mon Nov 25, 2013 4:44 pm

Dragon lines, BB's visual charts(awesome), RB's, zlines, 50's, close over/under... all the same....
variances of a same concept to trigger different thought processes for traders.
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!"

raw
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Postby raw » Mon Nov 25, 2013 4:55 pm

Hi Doji

This is my concern. boxes over taking boxes, and confirmation zline crosses.

I'm not sure of your entries. Are you entering at or after 50% fail? 2 arrows middle of chart.
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bettlebox
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Postby bettlebox » Mon Nov 25, 2013 5:06 pm

:smt023

dojirock wrote:Dragon lines, BB's visual charts(awesome), RB's, zlines, 50's, close over/under... all the same....
variances of a same concept to trigger different thought processes for traders.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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