Bettleboxs Breakdown of Zlines and MoMos

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MightyOne
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Postby MightyOne » Fri Dec 02, 2011 11:07 pm

Exiting after a large red candle is in the playbook =)

If I had a 3 lot position, I would have shed one giving me 33 pips of space and waited to see what the next candle did:

a) price closed below the extreme would be a done deal (liquidate for sure)

b) if price forms support w/ out large green bodies I'd increase my position to 3 and maybe 5 on a BO (possibly 7 with -3 lots on a stop)

Great trading Bettlebox.

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bettlebox
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Postby bettlebox » Sat Dec 03, 2011 3:08 pm

Thanks MO :) as my confidence grows MoMos, space trading next on my list. Your advice is perfectly time.

BB
MightyOne wrote:Exiting after a large red candle is in the playbook =)

If I had a 3 lot position, I would have shed one giving me 33 pips of space and waited to see what the next candle did:

a) price closed below the extreme would be a done deal (liquidate for sure)

b) if price forms support w/ out large green bodies I'd increase my position to 3 and maybe 5 on a BO (possibly 7 with -3 lots on a stop)

Great trading Bettlebox.
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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bettlebox
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Postby bettlebox » Sun Dec 04, 2011 2:10 pm

Hi

One thing that has baffled me is when and why some people look for 1 hr MoMo off 4hr MightyZone.

Well i found reason why.

I sent Dragon PM recently, i was asking him about 4hr swing points with semas and good way to play. He was kind enough to reply to me. He told just look for 1hr MoMo off potential 4hr Swing point with any sema. Then start trading away from it.

Anyway, then recently i been noticing, on the charts how price swings in relation to sema and MoMo's. Either price will swing at S/R area but alot time price with swing at previous MoMo on same timeframe.

So i my brain formed connection between what Dragon told me about 4hr swings. Which lead to me defining where and when to use 1hr MoMo or 15min MoMo play. I done 3 pictures to hopefully explain it bit better.


Page 1 - defining 2 types 4hr MoMos


Page 2- Use of 15min MoMos off 4hr mightyzone. Using Open,High and 50% levels of 4hr MoMo potential S/R points.


Page 3 - Use of 1hr MoMos off 4hr mightyzone.


BB
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bettlebox
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Postby bettlebox » Mon Dec 05, 2011 3:07 pm

Trade for today


BB
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Postby Pro Trader » Mon Dec 05, 2011 3:30 pm

Hey BB.

Same trade different entry

Image

Nice trade

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bettlebox
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Postby bettlebox » Mon Dec 05, 2011 4:02 pm

Hi Pro

Thank you for posting your trade it helps me alot. Im still working on my confidence.

Nice trading Pro. :)

BB

Pro Trader wrote:Hey BB.

Same trade different entry

Image

Nice trade
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PebbleTrader
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Postby PebbleTrader » Mon Dec 05, 2011 7:11 pm

This short video of SUCCESS illustrated reminded me of my friend Bettlebox:

:)

Success Illustrated
Life is just a journey

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bettlebox
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Postby bettlebox » Mon Dec 05, 2011 8:31 pm

Cool thxs Pebble

I haven't seen that 1 right up my alley :)

BB
PebbleTrader wrote:This short video of SUCCESS illustrated reminded me of my friend Bettlebox:

:)

Success Illustrated
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TygerKrane
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Postby TygerKrane » Tue Dec 06, 2011 12:04 am

Hi Hi!
I actually did some EU trades today as well, my bias for the day was short though...funny how that all works out.

I'll be trading EU for the next few days it looks like...

http://kreslik.com/forums/viewtopic.php?p=59801#59801

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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bettlebox
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Postby bettlebox » Tue Dec 06, 2011 8:53 am

Hi Tyger ,
nice trading Tyger we all winners :)

This my thoughts on why i was long. once the i took 15min momo long off the 50% line its came back so i jumped out then it wicked the 50% level of 1hr momo this point it was clear price still had some strenght to upside.



BB
TygerKrane wrote:Hi Hi!
I actually did some EU trades today as well, my bias for the day was short though...funny how that all works out.

I'll be trading EU for the next few days it looks like...

http://kreslik.com/forums/viewtopic.php?p=59801#59801
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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