The 3xCC is not really a CC but the single period.
A CC leaps over candles where as a 3xCC uses information from every candle on the chart.
http://i44.tinypic.com/axloah.gif
Bettleboxs Breakdown of Zlines and MoMos
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Hi Mo
Appreciate the feed back. I spent yesterday evening ,slept on it and today going over this picture you posted. I kind of ended up reverse engineering it. I looked at 8h chart, this what i saw.
Price closing lower than some , making smaller 8 hr MoMo down.
Price define FatCat S/R (U,O) on your picture, appears to be 50% level of the momo.
This stage the size of the candles were relatively same size, which means no clear direction yet.
Price then brokedown strongly (now giving direction) forming another 8hr MoMo, and entry was on the retrace of this MoMo.
if i look at it like this and then look at 3CC after that strong movement occurred.Then i can see how i can get a better price on the wicking candles. I need to get II_CC_3x indicator off bredin and spend some live chart time with this .
Thanks MO,i strongly suspect there is something your trying to show me that i've missed. I will keep working on it.
I have included picture how i would of traded this with out the CCs.
BB
Appreciate the feed back. I spent yesterday evening ,slept on it and today going over this picture you posted. I kind of ended up reverse engineering it. I looked at 8h chart, this what i saw.
Price closing lower than some , making smaller 8 hr MoMo down.
Price define FatCat S/R (U,O) on your picture, appears to be 50% level of the momo.
This stage the size of the candles were relatively same size, which means no clear direction yet.
Price then brokedown strongly (now giving direction) forming another 8hr MoMo, and entry was on the retrace of this MoMo.
if i look at it like this and then look at 3CC after that strong movement occurred.Then i can see how i can get a better price on the wicking candles. I need to get II_CC_3x indicator off bredin and spend some live chart time with this .
Thanks MO,i strongly suspect there is something your trying to show me that i've missed. I will keep working on it.
I have included picture how i would of traded this with out the CCs.
BB
MightyOne wrote:The 3xCC is not really a CC but the single period.
A CC leaps over candles where as a 3xCC uses information from every candle on the chart.
http://i44.tinypic.com/axloah.gif
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
So here my first attempt at this. Appreciate any feed back. Its daily chart from Eur/Usd august 2011
I Picked white cause it formed resistance and Black and Blue both closed lower.
This FatCat Line?
I dont think its a "If/Then" it not a MOMO.
thanks
BB
I Picked white cause it formed resistance and Black and Blue both closed lower.
This FatCat Line?
I dont think its a "If/Then" it not a MOMO.
thanks
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
- dojirock
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BB,
Nice obs... it is easier than what people want it to be...
you have all the tools it seems to me...what are you stuggling with?
confidence?
maybe this will help...momo is important...but dont overweight its importance...put more weight on momo as a confirmation of being correct.
I found when all I think about is momo...I either miss the run or get in on the z momos(which is ususally the end or great point to take profits)
doji
Nice obs... it is easier than what people want it to be...
you have all the tools it seems to me...what are you stuggling with?
confidence?
maybe this will help...momo is important...but dont overweight its importance...put more weight on momo as a confirmation of being correct.
I found when all I think about is momo...I either miss the run or get in on the z momos(which is ususally the end or great point to take profits)
doji
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Hi Doji
Its confusing, you read forums you get wrapped up in other peoples confusion. I got zero confidence what im looking for 3CC now. I think this were im struggling.
I don't understand how entries picked from 3CC.But had this idea
Here is my latest thought on how to enter :-
1. Pick the single CC, out of 3, to act as body. (if this right then i only have rough idea how to pick it, assuming im right)
2. Then create a FatCat line as would with a single CC ie close across a line and close back again, just using the single CC that defined as body.
3. Then its just matter timing a entry with the other 2 remaining CC,s, assuming price holds the line.
i dont think any this right :/
Thanks Doji.
This what i see in picture.
Its confusing, you read forums you get wrapped up in other peoples confusion. I got zero confidence what im looking for 3CC now. I think this were im struggling.
I don't understand how entries picked from 3CC.But had this idea
Here is my latest thought on how to enter :-
1. Pick the single CC, out of 3, to act as body. (if this right then i only have rough idea how to pick it, assuming im right)
2. Then create a FatCat line as would with a single CC ie close across a line and close back again, just using the single CC that defined as body.
3. Then its just matter timing a entry with the other 2 remaining CC,s, assuming price holds the line.
i dont think any this right :/
Thanks Doji.
This what i see in picture.
dojirock wrote:BB,
Nice obs... it is easier than what people want it to be...
you have all the tools it seems to me...what are you stuggling with?
confidence?
maybe this will help...momo is important...but dont overweight its importance...put more weight on momo as a confirmation of being correct.
I found when all I think about is momo...I either miss the run or get in on the z momos(which is ususally the end or great point to take profits)
doji
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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Small Section of Google Talk (edited version):
MO: There are so few things that I actually use: comparisons, extremes, S&R, strong upward thrusts, & higher closes.
GTMAN: Well, I am sure that you have a perspective that helps you see things better.
MO: comparisons, extremes, S&R, strong upward thrusts, & higher closes:
Comparing bodies, trading off of extremes, price closing over "something" (S&R), surprise moves after "stalls", & three candle runs; the rest is position sizing and space.
MO:(can you not see how all of the above is--->) body in the direction of profit, wick in the direction of loss!
MO: There are so few things that I actually use: comparisons, extremes, S&R, strong upward thrusts, & higher closes.
GTMAN: Well, I am sure that you have a perspective that helps you see things better.
MO: comparisons, extremes, S&R, strong upward thrusts, & higher closes:
Comparing bodies, trading off of extremes, price closing over "something" (S&R), surprise moves after "stalls", & three candle runs; the rest is position sizing and space.
MO:(can you not see how all of the above is--->) body in the direction of profit, wick in the direction of loss!
Thanks Mo but brain gone to complete shut down. Totally losted with CC.
This naked chart , no problem s/r, momo, extremes, thrust , high/low cloese i can see it all.
Might be able to pick out the S/R. Anything else ......no chance
BB
This naked chart , no problem s/r, momo, extremes, thrust , high/low cloese i can see it all.
Might be able to pick out the S/R. Anything else ......no chance
BB
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
so i am going to break this down . Hopefully i join Dots and get a complete picture.
So joing the dots were is my entries based on what i know from the naked charts. At the white Boxes that are below the 2 white horizontal lines i have draw across the screen. So ok i need to think bit more on this.
Naked chart how i would trade it with MoMos. Easy no problem.
Now same chart with 3CC and candles to see the detail.
Now same as above with out candles to sse the 3CC clearly
BB
So joing the dots were is my entries based on what i know from the naked charts. At the white Boxes that are below the 2 white horizontal lines i have draw across the screen. So ok i need to think bit more on this.
Naked chart how i would trade it with MoMos. Easy no problem.
Now same chart with 3CC and candles to see the detail.
Now same as above with out candles to sse the 3CC clearly
BB
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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