Bettleboxs Breakdown of Zlines and MoMos
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sorry PP2 i added some extra bits into the response. you Might have read of those extra bits.
Thanks PP2
Thanks PP2
pp2 wrote:No BB, you're not waffling. Thank you for your honesty and this journal.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
Hi Loggerjim
I would call that Dragon line, not a momo.Where you have to bodies next to each other . Ie price ran up then straight back down again forming what looks like a rail track.
I would class it as agressive entry the one you took. But nice trade good entry and good exit.
It all about the ebb and flow of the market. As you know price never moves straight up and down. You get your highest probability trades on the turn of ebbs, back in direction of the flow.
here is example of how i trade the ebb and flow with MoMos. You can trade both Ebb N Flow swing just realise that ebb swing tends to be slower and shallow compared to flow swing. Fleece it up the way up and fleece it on the way down .
clean chart so you can see the bars.
This is a clean cut example
BB
I would call that Dragon line, not a momo.Where you have to bodies next to each other . Ie price ran up then straight back down again forming what looks like a rail track.
I would class it as agressive entry the one you took. But nice trade good entry and good exit.
It all about the ebb and flow of the market. As you know price never moves straight up and down. You get your highest probability trades on the turn of ebbs, back in direction of the flow.
here is example of how i trade the ebb and flow with MoMos. You can trade both Ebb N Flow swing just realise that ebb swing tends to be slower and shallow compared to flow swing. Fleece it up the way up and fleece it on the way down .
clean chart so you can see the bars.
This is a clean cut example
BB
loggerjim wrote: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.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
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
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
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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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
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
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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Thank you for your support.
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