Bettleboxs Breakdown of Zlines and MoMos

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prochargedmopar
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Postby prochargedmopar » Sat Mar 10, 2012 1:16 pm

http://screencast.com/t/QyyTWGmD79j

The very first thing I read in this post and immediately thought,

If you have a system/method/event (VERY HIGH PROBABILITY) that guarantees your failure, you then also have a system/method/event (very high probability) that guarantees your SUCCESS.

If what you state is truly true, why not wait for one to pop, go to small tf, wait for a correction and continue trading in same direction???

M.O. once stated, if the M1 is pushing the H4, DO NOT REVERSE.
Trading is simple.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby TygerKrane » Sat Mar 10, 2012 4:48 pm

That's actually quite profound, procharged.

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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bettlebox
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Postby bettlebox » Sat Mar 10, 2012 8:27 pm

Thanks Cappie

thats interesting in your comments makes me see from different view point. My version was alot more simpe target the nearest open,close 50% level.

thanks :)

Captain Pugwash wrote:It just goes to show - you just can't keep a good man down :)

welcome back mate

In answer to your last Q. I would either expand my space at just above the previous lowest low [that includes wicks] (as I know price has no problem getting there - I have seen it).

From an extreme I would look left for longer term Demand and play level to level contracting my space wherever Support becomes Resistance. Let price show you the way.

edited for clarity - I am seldom clear
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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bettlebox
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Postby bettlebox » Sat Mar 10, 2012 8:28 pm

Thank pro thats important concept.


prochargedmopar wrote:http://screencast.com/t/QyyTWGmD79j

The very first thing I read in this post and immediately thought,

If you have a system/method/event (VERY HIGH PROBABILITY) that guarantees your failure, you then also have a system/method/event (very high probability) that guarantees your SUCCESS.

If what you state is truly true, why not wait for one to pop, go to small tf, wait for a correction and continue trading in same direction???

M.O. once stated, if the M1 is pushing the H4, DO NOT REVERSE.
Trading is simple.
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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PTG
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Postby PTG » Mon Mar 12, 2012 7:17 pm

prochargedmopar wrote:http://screencast.com/t/QyyTWGmD79j

The very first thing I read in this post and immediately thought,

If you have a system/method/event (VERY HIGH PROBABILITY) that guarantees your failure, you then also have a system/method/event (very high probability) that guarantees your SUCCESS.

If what you state is truly true, why not wait for one to pop, go to small tf, wait for a correction and continue trading in same direction???

M.O. once stated, if the M1 is pushing the H4, DO NOT REVERSE.
Trading is simple.


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bettlebox
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Postby bettlebox » Mon Apr 02, 2012 10:08 pm

Hi wonder if someone can clarify a statement by MO

I been readin MightyOnes post in the NLA thread on page 149 here is the link to the post in question

http://kreslik.com/forums/viewtopic.php?p=13488#13488

I m trying to clarify statement "ACTION" and "REACTION"?

What i think it could mean is "BREAKOUT (ACTION) AND "PULLBACK (REACTION), this sort sounds right.

One thing i have learnt from these forms never assume you understand something until its be tested, questioned and tested again.

If anyone knows or has different take on i appreciate input.

Thanks
BB
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Postby bettlebox » Tue Apr 03, 2012 12:14 pm

Action - Reaction

Image
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Postby bettlebox » Tue Apr 03, 2012 12:39 pm

MO Post:-

You cry your self to sleep saying,"man! I get stopped out and the trade eventually goes in the direction I was hoping to trade."

Do you think that you are the only one this is happening to?

Can you see how your words of defeat can be your words of victory if only you would utilize your observation?

[highlight=red]The magnitude of the correction is ~equal to the time frame on which the breakout can be seen.[/highlight]

The larger the pivot the more long term traders are sitting with MASSIVE STOPS.
What is true for you on your time frame is true for a trader of a larger time frame.

Now that you understand that profit is being eliminated in ALL time frames you can piece together what is happening based on the reaction
and what action price will take based on your observation ie

"man! I get stopped out and the trade eventually goes in the direction I was hoping to trade."

I get stopped out (reaction)
It eventually goes in the direction I was hoping to trade (action)


[highlight=yellow]The magnitude of the correction is ~equal to the time frame on which the breakout can be seen."

Price Breaks out, this must mean "ACTION",a breakout can't be a re-action. The correction must be the "REACTION" to the breakout.

I think this is starting to sink in now.[/highlight]

BB
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Postby bettlebox » Tue Apr 03, 2012 1:20 pm

NOTE: I USE THIS WITH MOMENTUM ANALYSIS ON HIGHER TIME FRAMES.

PAGE 1


PAGE 2

BB
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Postby Humble » Wed Apr 04, 2012 12:08 am

If you go a few pages past page 149 of NLA, there are some posts of MO's to questions raised by Razor, well worth a read.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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