Mr. D's Humble Quest in the Wick Land

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LeMercenaire
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Re: Mr. D's Humble Quest in the Wick Land

Postby LeMercenaire » Sun Mar 24, 2019 7:38 pm

Mr. D wrote:Not every large candle is a momo. Context is everything,

viewtopic.php?p=77072#p77072


After a long, steady, grind, look for 50% retrace. You'll see the same thing happened to the left on the chart as well.

If you get a LRC (Long Range Candle), so a big, single, move, a Z-Line is always likely and immediate bounce off the close is almost guaranteed - and certainly is a very high probability trade, that can be taken with a very tight sl.

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Mr. D
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Mon Mar 25, 2019 2:45 am

LeMercenaire wrote:
Mr. D wrote:Not every large candle is a momo. Context is everything,

viewtopic.php?p=77072#p77072


After a long, steady, grind, look for 50% retrace. You'll see the same thing happened to the left on the chart as well.

If you get a LRC (Long Range Candle), so a big, single, move, a Z-Line is always likely and immediate bounce off the close is almost guaranteed - and certainly is a very high probability trade, that can be taken with a very tight sl.


Thanks, Lem, for elaborating.

Mr. D
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Re: Mr. D's Humble Quest in the Wick Land

Postby Mr. D » Mon Mar 25, 2019 11:27 am


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