Bettleboxs Breakdown of Zlines and MoMos

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Postby bettlebox » Sat Jan 07, 2012 12:05 am

Wish MO exampled 3CC to me like he did in Rat continues thread over xmas would saved me aload time. I put here incase people miss it and future ref.

Thanks MO every little helps :)

http://kreslik.com/forums/viewtopic.php ... c&start=20

MO's post on page 3:
Here are 2 patterns that I look for before taking a rat trade:

a) 3-bar pattern where bodies are consecutively larger

b) 3-bar pattern where bodies are consecutively shorter

Price will either race towards S/R or slow down when it draws near to it (that is the theory anyway):



One of the reasons I have CC in shifts is to find these patterns.

MOs next post:
Close under a line short at the top & some more pictures of 3-bar patterns finding S/R




MOs next post: Page 4 **** MO talking about Rat Trading here ****
The patterns are like feelers for S/R levels.

S/R & 20 pips from the daily low is background information that helps you trade the rat.



"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

end
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Postby bettlebox » Mon Jan 09, 2012 4:35 pm

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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Postby bettlebox » Mon Jan 09, 2012 7:28 pm

Something occurred to me just now. If market gaps down/up has always been no mans land for me.

Well I was looking at my 3CC chart. What if i treated it like a MoMo? if its big enough. lol *facepalm* my depths of stupidity amuse me.

EurUsd Gap down on sunday night.

BB
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Postby dojirock » Wed Jan 11, 2012 2:29 am

Hi BB and pp2,

Did a few trade breakdowns, hope this will help you.
bodies closing lower than a low(my line) on a 30min



dojirock
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Postby dojirock » Wed Jan 11, 2012 2:33 am

Look for same pattern on 15min time frame or a close above 30 min line
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Postby dojirock » Wed Jan 11, 2012 2:37 am

drop to 50 min, look for a breakout to the upside, enter on 1st short candle close.
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Postby dojirock » Wed Jan 11, 2012 2:44 am

body closes above previous high, becomes line, 30 min
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Postby dojirock » Wed Jan 11, 2012 2:47 am

Drop to 15 min and look for same pattern or price to close below 30 min line.
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Postby dojirock » Wed Jan 11, 2012 2:49 am

Look for breakout, trade short on first long candle close.
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Postby dojirock » Wed Jan 11, 2012 3:01 am

g/u 30 min setup, body closes below low, my 30 min line
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