bettlebox wrote:Newscalper this how i do it. I use 33zz semphor to mark extremes and draw my classic zlines line for 1hr and 4hr at pivot points where there is a semaphor. I use dark blue and light blue lines on chart to indicate if its 1hr zline or 4hr zline.
Once price returns to these zlines i will watch for momentum on the lower timeframes to tell me to exit or enter, its really that simple.
Took me ages with alot blood and sweat to peice together. If you think about why price reacted here kind of obvious why they work.
Note: If price wicks zline i count it as still valid. If closes beyond and keeps going i will scrub that zline.
Cheers. And how are you classifiying momo on a smaller TF? Singular or multiple bars? RBs?