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Sandra
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Postby Sandra » Wed Jan 05, 2011 6:57 pm

cwn6161, thank you so much for your answers.....you made my day....

i posting a picture of chart to see if i understand the names and lingo you guys speak. My enlish is not best.. :D

am i even close?

sandra :P :oops:
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cwn6161
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Postby cwn6161 » Wed Jan 05, 2011 7:24 pm

Your markups look good!
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Sandra
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Postby Sandra » Wed Jan 05, 2011 7:40 pm

Wow! Im 1 for 1! thanks cwn6161,

now is it wrong to put chart like this, and if i see right go long at break out of last cc...because close was above bottom of momo?

im excited! :P

sandra
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Sandra
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Postby Sandra » Wed Jan 05, 2011 7:50 pm

I try to get this rite too

Sandra
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dojirock
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Postby dojirock » Wed Jan 05, 2011 7:55 pm

Welcome to the forum Sandra,

Seems like you have done your reading, thank you for the charts, im still trying to grasp this whole concept. We have a great group of traders here that are great at teaching. Im just not a quick learner. :)

dojirock
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cwn6161
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Postby cwn6161 » Wed Jan 05, 2011 7:57 pm

Sandra wrote:Wow! Im 1 for 1! thanks cwn6161,

now is it wrong to put chart like this, and if i see right go long at break out of last cc...because close was above bottom of momo?

im excited! :P

sandra


I'd be careful with that. Remember that price likes to move in waves of momo and non momo. Unless you're scalping (or looking to touch a zline), do you really want to trade in the opposite direction of that big candle?

These are just my 2 cents... this is all discretionary in the end. Sometimes you may see a sign of a reversal before you see long momo. I'm in the same boat as you - experimenting and learning.
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Sandra
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Postby Sandra » Wed Jan 05, 2011 8:14 pm

Longer time rules over shorter?

Is it wrong to trade to 50% line.


you guys are great
Sandra
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cwn6161
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Postby cwn6161 » Wed Jan 05, 2011 8:20 pm

Correct, higher timeframe wins over lower. It's not wrong to trade to the 50%, just watch the price action because price may not want to move that much before continuing in the high time frame direction.
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newark18
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Postby newark18 » Wed Jan 05, 2011 9:17 pm

Sandra wrote:Longer time rules over shorter?

Is it wrong to trade to 50% line.


you guys are great
Sandra


Sandra, a few words of advice: if you make your charts look nice and cute and flirt a little around here with the right people, you might be the type of help that you need. :)

Just kidding MO, I think you are the best (but I couldn't help but make some fun). ;)
Failure is an opportunity to learn.
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Sandra
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Postby Sandra » Wed Jan 05, 2011 11:25 pm

Play nice newark18......

:P
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