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.
Bettleboxs Breakdown of Zlines and MoMos
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- PebbleTrader
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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
BB
I think i see it now.
Thanks
BB
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.
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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you guys must be talking about something else.....because what I see is alot easier than what you guys are doing....im lost...
doji
doji
It always takes Momentum to break Momentum!
"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!"
"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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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?
doji
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?
doji
It always takes Momentum to break Momentum!
"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!"
"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!"
- PebbleTrader
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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.
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.
Life is just a journey
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