ZLINES...

[arkan1976]

You can play with the idea - if you glue several momo candles together you get something you would see back as momo on a higher time frame.

2018-03-28_1917.png

yes , fantastic PTG !!

this is audjpy,only for exercise the mind, what do you think?

[PTG]

From an 8 hour chart perspective. Why 8 hours ? Because why not

2018-03-28_1927.png (43.8 KiB) Viewed 2505 times

which translates to the following on M15:

2018-03-28_1928.png (47.54 KiB) Viewed 2505 times

[PTG]

An old woman dancing makes a great dust

2018-03-28_1934.png (60.43 KiB) Viewed 2500 times

[arkan1976]

An old woman dancing makes a great dust

2018-03-28_1934.png

hahahaha great !

[PTG]

You can play with the idea - if you glue several momo candles together you get something you would see back as momo on a higher time frame.

2018-03-28_1917.png

yes , fantastic PTG !!

this is audjpy,only for exercise the mind, what do you think?

That's AUDUSD - I think "continuation unless" - but that's more of a general thing.

Let's see what the Daily chart looks like

2018-03-28_1948.png (43.89 KiB) Viewed 2487 times

[Mira]

An old woman dancing makes a great dust

2018-03-28_1934.png

Nice one!
So you are keeping a fibo on the first momentum that broke the (50%) opposite one?

Thanks PTG

[arkan1976]

You can play with the idea - if you glue several momo candles together you get something you would see back as momo on a higher time frame.

2018-03-28_1917.png

yes , fantastic PTG !!

this is audjpy,only for exercise the mind, what do you think?

That's AUDUSD - I think "continuation unless" - but that's more of a general thing.

Let's see what the Daily chart looks like

2018-03-28_1948.png

ohh sorry ,audusd ....

[PTG]

yes , fantastic PTG !!

this is audjpy,only for exercise the mind, what do you think?

That's AUDUSD - I think "continuation unless" - but that's more of a general thing.

Let's see what the Daily chart looks like

2018-03-28_1948.png

ohh sorry ,audusd ....

no worries

it's coiling; I don't see momo to the long side and if anything, I'd be looking for a short, that is to say I would have been looking for a short higher up because you don't want to short into demand.

[PTG]

An old woman dancing makes a great dust

2018-03-28_1934.png

Nice one!
So you are keeping a fibo on the first momentum that broke the (50%) opposite one?

Thanks PTG

These were a couple of examples, not necessarily or let's say not consciously the first momo that broke an opposite one. But it did turn out that way.
What happens a lot is that you get a last gasp momo towards an extreme, then consolidation, then momo away in the opposite direction. To me, the trick is to see the consolidations and the momo afterwards, not so much the last gap momo before the consolidation happens. But that's just me, to each his own and all that

[PTG]

And I should add that you often see a break out in the previous direction running into supply or demand and then immediately turns around. "Fooked"

2018-03-28_2023.png (58.61 KiB) Viewed 2467 times