Don_xyZ wrote:Jhx wrote:Don_xyZ wrote:Some notes:
BO 1-4 are biased BO, meaning, you have an expectation of where the market will go because you have a bias attached to the method.
BO 5-6 are bi-directional so it can go both ways.
BO 1, 2, and 3 look similar but they're not. They can overlap though.
BO 1 and 2 are like siblings.
BO 5 and 6 are more like cousins.
BO 4 is often used for quick scalping with 1R in mind.
BO 1 and 2 are the most common. It's a choice between FWD or RWD on cars.
BO 5 is range based while BO 6 is Zebras up to a certain point (but not all Zebras can be used).
BO 4 is momentum based.
Those are the general ideas. It'd be too long for me to explain them all in detail for now.
I haven't seen this before, but after looking at them for some time I'll take a shot:
BO 1: You drew the fib off that M1 swing. Use the 50% to check if price retraced at least to that point and the go short at the entry line?
BO 2: This time the fib is drawn off the swing after the first, which this time is in the opposite direction. I assume now you'd take the break short? (Don't know if you use the 50% here).
BO 3: Looks like the first one. Swing and wait for a pullback to the 50% then short.
These 3 you say they're similar but they're not, maybe there's some candle-by-candle stuff on all of these that I'm not picking up.
BO 4: If I saw this after a run I'd be hesitant to go in that direction because it stopped doing what it was doing and could reverse. But since you say it's momentum based, the idea is "price stopping" and then continuing? Or do you mean as a strong move that happened within that M1 candle that would make you take the break?
BO 5: In that one I see the continuation of a reversal pattern at the bottom; being the long bar the one that you take the break off (I mean, after you draw the fib, entering on the green candle after the small red candle).
BO 6: First time I hear about that one. But I don't think I'm seeing how you used that candle to draw the fibs off that one, seemed like it was still within that range.
Could you go into one of those? Maybe the 'simpler' to get a grasp on that one.
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One more question. Do these entries follow a specific set of rules (in terms of candle by candle) or is it more about entry patterns that look 'about there'?