Bettleboxs Breakdown of Zlines and MoMos

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bettlebox
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Postby bettlebox » Wed Dec 28, 2011 6:44 pm

HI Doji

still not clear in mind exactly what im looking for on 3CC, i need to work it backwards for naked chart to make sense of 3CC.

But thanks Doji by your response i must be on the right path.

dojirock wrote:Excellent drawings you produce BB!
I believe they will help alot of others.

doji :D
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Postby bettlebox » Wed Dec 28, 2011 8:28 pm

Playing around with different conditions

Support Swing


Consolidation


Trending
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Postby bettlebox » Wed Dec 28, 2011 10:14 pm

Hi MO,

So many questions on this i only every used 1-2-3 count. Never a 5 count.

1. do start by looking for Triangles first?
2. then the 3s steep trends?
3. fitting in remaining 5s - define as rapid accleration of price followed by rapid drop.?
4. can you expand on the prase "i'm the only 1 who would do this"?
5. Drawing of the triangles seems to be highly discretionary what are the guide lines you using to draw these.?

BB

MightyOne wrote:I also use a simplified version of wave analysis called Maves (MO's-Waves...ha!):

Image
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Postby dojirock » Thu Dec 29, 2011 12:52 am

BB,

Man I have been where you are, total confusion! Press on and you will get it, you are close. Humor me and try this, Look at my attached charts and draw the lines I have on your charts. Then try to explain why I have them where I do? The red ones are my actual entry. See if this approach will help, you have my email, or just ask here. Im not claiming to trade exactly like the great ones here, but once I started to look for some basic setups, it unfolded from there.

Mo, you hinted to maybe sharing some tips for us small account holders to build it up? I would love to find some of those nuggets. Is Google talk open for any of us or do we still have to have 1000 post? :D

doji
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Postby dojirock » Thu Dec 29, 2011 12:54 am

BB,

You will have to drop down to smaller time frames to see why those lines are there.

doji
"A small loss is just as satisfying as a large gain" -MO
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Postby bettlebox » Thu Dec 29, 2011 2:45 am

Hi Doji

Thanks your too kind, after having look down lower time frame, 1hr seem make most sense why pick those line see attach diagram.

Thanks Doji


dojirock wrote:BB,

Man I have been where you are, total confusion! Press on and you will get it, you are close. Humor me and try this, Look at my attached charts and draw the lines I have on your charts. Then try to explain why I have them where I do? The red ones are my actual entry. See if this approach will help, you have my email, or just ask here. Im not claiming to trade exactly like the great ones here, but once I started to look for some basic setups, it unfolded from there.

Mo, you hinted to maybe sharing some tips for us small account holders to build it up? I would love to find some of those nuggets. Is Google talk open for any of us or do we still have to have 1000 post? :D

doji
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Postby MightyOne » Thu Dec 29, 2011 8:38 am

I'm taking away your horizontal lines :lol:

You only get one and it can be used for support or resisitance:

http://i43.tinypic.com/35000hg.gif

bettlebox wrote:Playing around with different conditions

Support Swing


Consolidation


Trending

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Postby MightyOne » Thu Dec 29, 2011 8:48 am

I should separate the TA into two groups:

a) Critical to my success

b) Only used to impress women

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Postby dojirock » Thu Dec 29, 2011 5:02 pm

Thank you for the pic, mo. I believe you said once, to draw a line and if price closes above/below it then your wrong, it cant possibly be support/resistance. Tyger I bet, has the link to your exact quote. :)
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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Postby dojirock » Thu Dec 29, 2011 5:05 pm

After looking at Mo's Pic, some people are gifted with the ability to teach. I seem to overcomplicate it over time.....Mo always reals me back to the basics.

Thanks for that! :P
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

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