LeMercenaire wrote:TheRumpledOne wrote:I think I may finally see MOMO and ZLINES! It is too funny that it took me this long. But it is really simple. Identify the most recent momo bar and trade TOWARD its open from an extreme. DUH!
IS THAT IT??
My understanding of it, is that you have the MOMO bar break a level. That level becomes the Z-Line.
You then wait for price to drop back toward that line, to wick it (but not close over it) then enter as price once again leaves the Z-Line in the direction of the original MOMO.
If I'm wrong, I will take my slap about the head - but hey, that's how I've been running it. It does work
Can you annotate a chart? Thanks.