Bettleboxs Breakdown of Zlines and MoMos

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bettlebox
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Postby bettlebox » Sun Dec 11, 2011 10:11 am

Hi Mo

I did bit searching in spacewars and Blind Mouse thread couldn't find anything relating to picture.

I worked through your picture logically this what i came up with. To be honest i understand CC trading but when combined 3 CC in blindmouse thread i got bit losted. But then i haven't really brought my full focus on to it yet.

so in picture below

1. trying to understand how you arrived at the 2 CC overlays
2. no idea how apply this as edge.

Thanks Mo


BB

MightyOne wrote:
Humble wrote:What happened to MO's post?


Here is a new one for you ;)

It is traded like a normal CC using the Space Wars positioning MM.

Image
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Postby bettlebox » Sun Dec 11, 2011 2:28 pm

Hi

Knowing when to be objective and when to be subjective in your trading.

Im Objective when:
Im doing my analyse of 1day,4hr, 1hr momos for direction.
Im looking at open,close extremes and 50% levels of previous candles.
Im looking at 4hr swing points.
When im in 4hr Mightyzone.

Im Subjective when:-
Im looking for a price to enter a position.(its impossible to define a hard set rules for this you can only have general guide lines, its down to individual trader as to what they see).

I was having problems with trying to objective when i should just accept the fact i need to be subjective this point. I was always waiting for some confirmation, of course by that time price action was gone. I will just use set basic guide lines when im looking to enter a position.

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Postby Belkin » Sun Dec 11, 2011 2:59 pm

MightyOne wrote:
Humble wrote:What happened to MO's post?


Here is a new one for you ;)

It is traded like a normal CC using the Space Wars positioning MM.

Image


Interesting way of look for bodies in direction of profit.

Do you this with the other 2 shifts ?

Regards

Belkin

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Postby MightyOne » Sun Dec 11, 2011 5:54 pm

Because of the way in which the CC are drawn (Lowest high in three periods etc) I imagine that the shifts would be very similar.

Image

And here is a shift:

Image

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Postby Belkin » Sun Dec 11, 2011 6:37 pm

MightyOne wrote:Because of the way in which the CC are drawn (Lowest high in three periods etc) I imagine that the shifts would be very similar.

Image

And here is a shift:

Image


Interesting..

I am having a bit of trouble drawing the 2 types of candles

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Postby PebbleTrader » Sun Dec 11, 2011 9:14 pm

This reminds me of an idea I was playing with in the PnF thread.

Basically it was like this:

Image
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Postby PebbleTrader » Sun Dec 11, 2011 9:21 pm

=D> MO for being creative.

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Postby PebbleTrader » Sun Dec 11, 2011 9:26 pm

I don't typically use CC's but if I was going to start getting creative with them, I'd ask myself "If I were to combine 3 candles in a discretionary way, how would I combine them in such a way to better show me what I want to see?"

Each combining might be a little different but there should be some common themes that emerge. Then try to simplify it in such a way that would work most of the time that does not require discretion.

Then again, there may not be anything wrong with using discretion...
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Postby PebbleTrader » Sun Dec 11, 2011 9:57 pm

I also like how MO's idea shows more information in the same amount of space that a normal CC would take up...

With visualizing data, I'm always trying to figure out how to show the most information in the smallest amount of space, efficiency.
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Postby MightyOne » Mon Dec 12, 2011 12:40 am

It was never about CC, but simple ideas formed through comparisons.

Once an idea is formed, it is just a matter of using money management (space/position) to make it work.

I find that it is better to act now than it is to have a better late than never approach to trading; if it is correct to buy on a breakout then it is correct to buy now and let MM handle the rest.

I was talking with my father the other day about MM:

You have 5 contracts and 100 ticks of space

You plan to exit 2 contracts on a stop to "refresh" your space to 100 ticks

3/5 = 0.6 & 100 * 0.6 = 60 ticks

If you set a stop at -40 ticks then you will have 100 ticks of space, from your stop, and 3 contracts.
It is not important that you are sitting with a loss. What is important is that you have both space and lots so you are not digging in your wallet for another 5%.

If price goes up and your space is 160 ticks then adding 3 lots (5/8 ) brings your space back down to 100 ticks.

Maintaining a large lot size is, through the manipulation of space, is your sole focus; profit is the result of this.

He didn't understand much of it...some of it is better than none of it I suppose.

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