Bettleboxs Breakdown of Zlines and MoMos

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bettlebox
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Postby bettlebox » Mon Nov 07, 2011 6:56 pm

As my focus was mainly studying and learning this was my motivation. As i shift gear now i find my drive is waning. So i need to redefine my goals and motivation. Here is framework im using to redefine my goals etc.

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Page 2

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Postby withnail » Wed Nov 23, 2011 7:56 pm

If there was a 'Like' button I would click on it!. I have pinched this and made a similiar inspiration / goal page for by the PC. Nice work BB.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby bettlebox » Wed Nov 30, 2011 5:35 pm

Hi WN

your welcome.

withnail wrote:If there was a 'Like' button I would click on it!. I have pinched this and made a similiar inspiration / goal page for by the PC. Nice work BB.
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Postby bettlebox » Wed Nov 30, 2011 6:09 pm

Hi everyone

been awhile since did a post i been mastering momo tool set :D.

Here something i learnt recently and has improved my trading of MoMo.

Its looking at pervious 4hr extremes (High/low)

Watch how price re-acts around the 4hr extremes as to weather its going to hold or fail. I have noticed that 15min Momos around pervious 4hr extremes show the way.

I highly recommend using the 4hr candles, to help you pick worth while trades down on 15min. They have given me a level of mastery that i never had before.I dare say its becoming easier to pick good trades.

NB: The 15min and 1hour MoMos seem to always form straddling the breakout like in the picture.


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Postby bettlebox » Wed Nov 30, 2011 6:58 pm

My personal exprience:This is my exprience of learning through forum.

1. I read forums and learn aspect of trading im focusing on.
2. I construct a trade plan based on this knowledge i obtained.
3. Put the trade plan in to action.
4. Some aspect that i thought i understood fails and continuation of failures brings me to total breakdown.

Dark Stage:
5. I now face a mental barrier.
6. I use all psychological tools to pick myself up at this stage.
7. re-read forums on aspects of trading im focusing on.

Light Stage:
8. I find something (usallly one post ) that opens door to new deeper understanding of trading method.
9. I rebuild my trade plan.
Back to step 3.

Its a process i personally been through about 12 times so far with regard to MoMos. Its step 7 and 8 that get me all time. How magically after breakdown new information is brought to my attention or some new aspect.

I dont know how many more times i have to go though this process. Im starting to enjoy the boulders on the path because i see them as oppportuties to learn.

Never give up.
do whatever it takes to pick yourself up and carry on.

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Postby PebbleTrader » Thu Dec 01, 2011 7:01 am

I just now saw your post from Nov. 7

That is gold!

I would add, "Have A Dream, A Big Dream" that big dreams are great but often too overwhelming. Have a big dream and then break it down into small pieces through a deconstruction process. Each piece leads you closer and closer.

Kind of like dream big, but start small.
Life is just a journey

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Postby bettlebox » Thu Dec 01, 2011 3:45 pm

Hi Pebble

i like that :).

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PebbleTrader wrote:I just now saw your post from Nov. 7

That is gold!

I would add, "Have A Dream, A Big Dream" that big dreams are great but often too overwhelming. Have a big dream and then break it down into small pieces through a deconstruction process. Each piece leads you closer and closer.

Kind of like dream big, but start small.
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Postby bettlebox » Thu Dec 01, 2011 3:55 pm

Todays trade. Both longs off 50% lvl 4hrs with 15min MoMo straddling it.

I bottled out 1hr momo to right :/ could got another 25 odd pips :/


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Postby bettlebox » Fri Dec 02, 2011 9:00 pm

Hi

this is short clips on business advice from Alan Sugar. I think can be applied to trading. Trading is really a business.

http://www.youtube.com/watch?v=u5lWKBk8 ... re=related

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Postby bettlebox » Fri Dec 02, 2011 9:07 pm

One trade today closed it just above the daily opening for 22pips had to go out.


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