took 20pips
1hr Chart
15min Chart
BB
Bettleboxs Breakdown of Zlines and MoMos
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Hi
me doing some saturday analyze of 4hr MoMo and Stop and Reversing at Open,Close and 50%. Reason i say cover position on that big movement cause its large movement and we all know market luvs to take them profits.
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BB
me doing some saturday analyze of 4hr MoMo and Stop and Reversing at Open,Close and 50%. Reason i say cover position on that big movement cause its large movement and we all know market luvs to take them profits.
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BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
Quotes from dragon:-
1. Observe the stoppoint from all the H1 candle! When you can start predict them next step
2. Observe the stoppoints from all the M15 candles! Compare them with the H1 stoppoint.
When you start seeing this (takes a while) then you can make entrys that are worth to take.
remember open close and 50% are the important areas to watch.
Very important is that when you make your decisions on a M15 that you have to take your profit faster. ALWAYS take profit according to the frame you are trading.
BB
1. Observe the stoppoint from all the H1 candle! When you can start predict them next step
2. Observe the stoppoints from all the M15 candles! Compare them with the H1 stoppoint.
When you start seeing this (takes a while) then you can make entrys that are worth to take.
remember open close and 50% are the important areas to watch.
Very important is that when you make your decisions on a M15 that you have to take your profit faster. ALWAYS take profit according to the frame you are trading.
BB
Last edited by bettlebox on Sat Oct 22, 2011 4:59 pm, edited 1 time in total.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
and another quote
Every Previous H1 Open,Close or 50% area is possible stop point. So be ready to close and re-enter.
My thoughts:-
I dont think he means only just the immediate prior 1 hour candle. Because read posts were the price stopped and reversed on openings , closes and 50% well over half a day away.
So if price shows signs of stopping ie price was going up and hit a sema with reverse candle colour i would be ready to close and re-enter.
Yea that makes sense.
You got really think and dig deep through the old posts to fish out knowledge. Not easy.
BB
Every Previous H1 Open,Close or 50% area is possible stop point. So be ready to close and re-enter.
My thoughts:-
I dont think he means only just the immediate prior 1 hour candle. Because read posts were the price stopped and reversed on openings , closes and 50% well over half a day away.
So if price shows signs of stopping ie price was going up and hit a sema with reverse candle colour i would be ready to close and re-enter.
Yea that makes sense.
You got really think and dig deep through the old posts to fish out knowledge. Not easy.
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
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