Bettleboxs Breakdown of Zlines and MoMos

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bettlebox
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Postby bettlebox » Fri Dec 30, 2011 6:58 am

Special Thank You to TRO, The MighyOne have a great New Year guys.

Everyone thats helped me along my journey so far, have great New Year and Thank You

Hopefully 2012 be the year i start making some serious money.

BB
Humble wrote::)

All the best for a happy and prosperous New year MO.

(and keep um coming)
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Postby Captain Pugwash » Fri Dec 30, 2011 11:33 am

And a Happy New Year and every success to you BB.

This thread and your visual representations have been outstanding.

THANKS
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby bettlebox » Fri Dec 30, 2011 12:56 pm

Thanks Captain

Happy New Year and heres to 2012.


Captain Pugwash wrote:And a Happy New Year and every success to you BB.

This thread and your visual representations have been outstanding.

THANKS
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Postby eug » Fri Dec 30, 2011 4:25 pm

Hi MightyOne,
you always say that the true ZL trade happens on consecutive bars and if we have multiple bars coming into ZL we should treat it as S/R trade.
But we may have multiple bars on 4h chart and consecutive bars on 12h chart. See my real example. How should we treat it? What is the difference then between consecutive and multiple bars, why do you have this rule?
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Postby bettlebox » Fri Dec 30, 2011 9:35 pm

Text book setup


BB
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Postby MightyOne » Fri Dec 30, 2011 11:15 pm

eug wrote:Hi MightyOne,
you always say that the true ZL trade happens on consecutive bars and if we have multiple bars coming into ZL we should treat it as S/R trade.
But we may have multiple bars on 4h chart and consecutive bars on 12h chart. See my real example. How should we treat it? What is the difference then between consecutive and multiple bars, why do you have this rule?


The candle in the first chart is weak so your only reason for entering the trade is that price is not moving lower and has closed above "something"

The second chart is also pretty weak unless it is a 4 hour chart.

Extreme quitness followed by a 5-10 pip blip where price happened to be closing at that moment is a lot different than a short term trend where traders had both time and opportunity to enter & are now being targeted for profit.

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Postby MightyOne » Sat Dec 31, 2011 4:02 am

Some things would take too long to explain so here is a picture of what MO sees when he is looking at the 3xCC

Image

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Postby bettlebox » Sat Dec 31, 2011 4:52 am

MO,

ummmmm back up a second, when you looking at 3CC you don't look at individual candle sticks , you look at CC for your MoMo and zline?

ie ignore individual candles just trade CC grouping.
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Postby MightyOne » Sat Dec 31, 2011 7:35 am

Image

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Postby MightyOne » Sat Dec 31, 2011 8:02 am

bettlebox wrote:MO,

ummmmm back up a second, when you looking at 3CC you don't look at individual candle sticks , you look at CC for your MoMo and zline?

ie ignore individual candles just trade CC grouping.


I look at both the single period and the CC's at the same time & on the same chart.

Relax and focus on the patterns, let the chart put a few ideas in your head.

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