I'm still in the small short on that, it went to the next level up before turning and went pretty much all the way to my LOS but didn't close over, price still hovering around b/e atm. DROP you mother!
flinux charts & trades
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That's how I use 3cc.
Video by bredin !!!
Video by bredin !!!
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- newscalper
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Yeah, it's a good video that one. It doesn't show the whole story though but shows where to find turning points: S/D.
When it comes to reading the current PA, which is where the question 'which one leads' comes from, the answer is that they are in constant rotation. I didn't fully understand this until a few days ago when MO showed something in his new thread and I still don't pretend to completely understand all of it.
The one in front and newly closing, at that time, is the one leading: so they rotate... So if your method for entry is close over close under and some kind of entry at a price on pullback you look for a strong close under in ANY of the CCs then look for a weak close in the pullback area of ANY of the CCs as long as price has not closed back over - MO doesn't use AFAIK an entry that's a bar breakout - more he uses an 'about here' entry when a CC closes near his price and a limit entry.
When it comes to reading the current PA, which is where the question 'which one leads' comes from, the answer is that they are in constant rotation. I didn't fully understand this until a few days ago when MO showed something in his new thread and I still don't pretend to completely understand all of it.
The one in front and newly closing, at that time, is the one leading: so they rotate... So if your method for entry is close over close under and some kind of entry at a price on pullback you look for a strong close under in ANY of the CCs then look for a weak close in the pullback area of ANY of the CCs as long as price has not closed back over - MO doesn't use AFAIK an entry that's a bar breakout - more he uses an 'about here' entry when a CC closes near his price and a limit entry.
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