Another example is picture yourself under a frozen lake, the ice symbolizes the momentum starting point. You jump off the bottom to get momentum, hit the ice, but was it enough to break thru and climb out? If not then im gonna bet im going back down. If I do climb out...im out of there(up). I look at high probabilites. These are very high. I dont need a ton of pips anymore due to the statistics and a special way I MM my lot size. I go 4 levels. I cant tell you the last time I lost 4 times in a row since I adjusted by trading plan. I use 4hr RB's in this example because they are strong. Im on a hourly time chart for entries. My entries in this method have nothing to do with 1 hr RBs. That being said, I do trade RB's 3 different ways but I dont mix them on a chart. There is a way to trade with the RB's and momentum, but its more a scalp for me these days. Im trading the breaks, the retraces are wicks if you go up time frames...its just too confusing to find the great trades with all the lines, wicks and momentum both ways. This method is one direction...the brand new momentum direction but only if it has enough force to break the previous momentum RB start line. As far as stacking...i disagree, but I will come back to that when i get more time...
I dont mind everyone posting there ways here, they really are the same. But when learning, that means your learning from everyone, in different teaching styles, and views. Even thought they are all basically the same, they dont appear to be.
newscalper wrote:Thanks for the charts Doji, really appreciate it but still unclear.
It looks like you're entering on the basis of a single bar breaking the upper line (of a red bias zone) or the lower line (of a green bias zone), in which case, why were they called bias zones? i.e. a zone defining bias, when that is clearly the exact opposite of what they are, or are they?
I don't understand how that correlates to 'it takes momo to break momo' when you're defining momo as an RB? If momo is an RB, it takes an RB to break an RB and that isn't what you're drawing?
I don't know - I thought that was just indication of it being wicked? I'm still no wiser how you're fitting the 2 TFs into that? Unless there's then a pullback on the lower TF forming an RB followed by a single bar break again? But I was trying to show that with the prior charts I put up showing the 2TF RBs, it just doesn't happen that way.
The confusion across the board arises because no-one is able to explain it consistently...either that or we're all just thick. Which is likely And still, where is the exit, because especially with stacking, you are going to lose big time unless you know where you're getting out.
I really appreciate all the work you're putting in, I really do, but it's just getting more unclear as it goes on.
For example showing RBs on a day chart on one currency then a bunch on an H1 on a totally different currency, in total means? Are they supposed to correlate or something?