Bettleboxs Breakdown of Zlines and MoMos

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bettlebox
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Postby bettlebox » Fri Oct 28, 2011 1:47 pm

after breakout movement price is resting :/. No trades so far.


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Postby bettlebox » Fri Oct 28, 2011 3:27 pm

I said wasnt going to add anymore indexes but i think i can cope with one more indexes :D.

Decided to add Aus/Usd has close correlation with Eur/Usd. If i have problems i will drop it.

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Postby bettlebox » Fri Oct 28, 2011 7:30 pm

Well its weekend again i normally spend good part of it reading and studying. I was re-reading over old post from Dragon now i understand this concept. I have put it together in my format.

This would explain why im not pulling trades out indexes everyday. Its all coming together very nicely :D .

Shame markets closed :wink:

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Postby bettlebox » Fri Oct 28, 2011 7:51 pm

So that make 3 different styles of trade all based on the momo.

1) The 4hr Mightyzone entry trade.
2) 1hr with a 15min entry in context of 4hr turn.
3) 1hr swings between semas with a 15min entry in context of 4hr MoMo.

Im not going to stop i tell i absorb every last bit info. :)
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Postby pp2 » Sat Oct 29, 2011 1:43 am

I appreciate your work on this thread BB, good stuff! :)

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Postby bettlebox » Sat Oct 29, 2011 12:56 pm

thxs PP2

sharing my journey.

pp2 wrote:I appreciate your work on this thread BB, good stuff! :)
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Postby bettlebox » Sun Oct 30, 2011 1:22 am

I been re-reading dragons post on those 1hr swings with 15min entries. That was a post in Drain the banks method. He does talk about momentum building up on lower timeframe which made me situp as listen.

http://kreslik.com/forums/viewtopic.php?p=21471#21471

did dragon use the Drain the banks method in momo plays? probably, i say that because this post.

http://kreslik.com/forums/viewtopic.php?p=21567#21567

Its makes sense to me , from what i know, larger momentum always starts at lower timeframes, it just has to.

So if i know location of nearby 4hr momo and gauge direction from there and take 1hr swings with direction of 4hr trend. Checking for momentum on low timeframe ie 15mins.

Thing is he only talked about it in the drain the banks all the other examples he posted after that were of 4hrs mightzone plays. Maybe he just used the 1hour swings when price was in mightyzone to add strength to trade. I cant say for sure.


I have my doubt now, anyone have anythoughts on this?

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Postby bettlebox » Sun Oct 30, 2011 5:05 pm

Well im going to take slightly different appoarch this week.

1. Remain on one index eurusd
2. Use 4hour for direction by using colour candle changes and 4hour zlines.
3. I will then look for evidence/trades backup what the 4 hour is possible telling me.
IE if for example the 4 hour is sayin it could be at turning point after climbing. Then i will be look for 1hr/15min momos to back that up. If there is no 1hr/15min MoMos in that direction then there is no reason to believe it.
or
If price on 4hr is saying its still climbing i will ,again, look for 1hr and 15min momos to get me in.

simples.

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Postby bettlebox » Mon Oct 31, 2011 2:27 pm

Losted this one i thought momentum was build to downside had a 1hr momo , retrace and 15min to downside form. I should of closed it the 15min bar i entered on, due to small body. I didnt because of frusration of another slow day.

I was going short.

Any comments much appreciated.




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Postby bettlebox » Mon Oct 31, 2011 4:16 pm

oh well.

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