Bettleboxs Breakdown of Zlines and MoMos

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PebbleTrader
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Postby PebbleTrader » Mon Jan 02, 2012 6:29 pm

From what I have seen and based on my beliefs, the leader / follower concept is not as important as the other things that are useful using the 3 x CC method.

Because TIME is involved with CC creation a leader / follower CC can easily get thrown off.
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Postby bettlebox » Mon Jan 02, 2012 6:37 pm

ahh ok so its just a simple matter weather price(ie CCs) closes across "The Line" or Doesn't cross "The Line" and ie it wicks off it?

I think i see it now.

Thanks
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PebbleTrader wrote:From what I have seen and based on my beliefs, the leader / follower concept is not as important as the other things that are useful using the 3 x CC method.

Because TIME is involved with CC creation a leader / follower CC can easily get thrown off.
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Postby dojirock » Mon Jan 02, 2012 6:55 pm

you guys must be talking about something else.....because what I see is alot easier than what you guys are doing....im lost...

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Postby PebbleTrader » Mon Jan 02, 2012 6:56 pm

That is exactly how I would see it.

You have a longer CC close over "something" and subsequent CC's not closing over "something"

That is easier to understand than if a CC within the 3 CC's is leading or following...
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Postby PebbleTrader » Mon Jan 02, 2012 7:07 pm

Image
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Postby dojirock » Mon Jan 02, 2012 7:08 pm

thanks pebbletrader,

another prob is the definition of closing over as in over the top...to me it means above..the line...but when on one side and closeing over a line it could be going from above to below....thus creating a close over the line....
i think this might sum up the confusion?

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Postby PebbleTrader » Mon Jan 02, 2012 7:20 pm

I tend to use "close over a line" regardless of if it is from:

below the line to above the line

or

above the line to below the line.

Just before that close over the line, price was continually closing higher. Then start to see some of the signs that MO pointed out and determine a "something" line. We will all draw it somewhat differently but it doesn't matter on it's precision because it can be drawn in different places and still make money, which is why it is called "something" due to it's discretionary placement. But it will be at some point where price closes over a line where it shouldn't if price where going higher. Thus we then start to look for an entry if we believe price is not closing higher than it should be closing lower.
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Postby bettlebox » Mon Jan 02, 2012 7:51 pm

thanks Pebble.
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Postby loggerjim » Tue Jan 03, 2012 1:07 pm

Not sure if this is considered a dragon entry. From what I can tell it might be. Picked up 29 pips before I had to get ready for work.

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Postby loggerjim » Tue Jan 03, 2012 1:19 pm

Sorry about the crappy picture above. Gotta figure out how to post a clearer image. Anyone care to give a newby some tips on better chart images?

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