kiwiarian wrote:Philthecat wrote:kiwiarian wrote:I was looking at a picture from Dragon yesterday where he had the 4hr momo candle showing 0 to 50 % lines and then I think it was 15m and maybe 5m as well looking to tap into that area highlighted by the 4 hr candle.
I take it this is the same methodology?
It's similar to what Dragon would have looked for, but I think he would have also looked for 15min/H1 zlines within the 50% of H4 momo bar as well. He also seemed to use a variety of entries; some at the zline and some at the candle extreme, particularly when adding to a position.
Had Dragon taken this particular trade, he would have taken a loss as price shortly after returned and took out the highs. He wouldn't have been interested in a measly 2:1 return
ok, I dont think I have read about the 1hr and 15 min entries yet, will keep a look out for them. The 4hr one seems quite straight forward anyhow.
Dude, you got a lot of reading to do to catch up on Dragon. LOL

