Bettleboxs Breakdown of Zlines and MoMos

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dojirock
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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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dojirock
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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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Postby dojirock » Wed Jan 11, 2012 3:05 am

15 min, after observing, nothing new....price did close above my 30 min line and was not a mbar. Drop to 5min
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Postby dojirock » Wed Jan 11, 2012 3:08 am

Looking for a breakout to the long side, but instead got a short mbar.
No long trade.

Patience, setups (what ever your comfortable with)
I do use rat trades frequently for entry also

dojirock
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Postby loggerjim » Wed Jan 11, 2012 1:18 pm

Something from this morning



And the exit




+21 pips before workout. Need to refine my entries. And my exits.

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Postby MightyOne » Wed Jan 11, 2012 1:38 pm

It was a nice trade loggerjim, grats.

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Postby loggerjim » Wed Jan 11, 2012 1:53 pm

Thanks, MO!! I have sooooo much to learn. But I think I've come to the right spot.
Success is the progressive realization of a worthy goal

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Postby dojirock » Wed Jan 11, 2012 4:05 pm

g/u outcome.
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Postby bettlebox » Wed Jan 11, 2012 9:18 pm

dojirock wrote:drop to 50 min, look for a breakout to the upside, enter on 1st short candle close.


Hi Doji

I did a breakdown of your instructions, but i got lost on the your quote above. If you look at page 3 of my pictures below can you ID which candle you mean by, "enter on 1st short candle close".

I marked the candles A and B. You can simply answer A or B? :D

PAGE 1


PAGE 2


PAGE 3


BB
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