Bettleboxs Breakdown of Zlines and MoMos

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bredin
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Postby bredin » Thu Apr 05, 2012 8:41 pm

bettlebox wrote:MO's Quote
"It is all exploration into the unknown and eliminating risk as it presents its self.
Resist the temptation to be scientific and surrounding your self with rules.
Make general observations and then trade those observations boldly.
"



1. Where is Price Going?
2. How Will I Get There?
3. How Will I Know When I Am Wrong?
4. What Will I Do About Being Wrong?

G.
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Postby bettlebox » Fri Apr 06, 2012 1:32 am

bredin wrote:
bettlebox wrote:MO's Quote
"It is all exploration into the unknown and eliminating risk as it presents its self.
Resist the temptation to be scientific and surrounding your self with rules.
Make general observations and then trade those observations boldly.
"



1. Where is Price Going?
2. How Will I Get There?
3. How Will I Know When I Am Wrong?
4. What Will I Do About Being Wrong?

G.


Hi Bredin

thanks B, these are interesting set questions. As i step into a trade position these are the only questions that should be on my mind i am assuming?.

1. Where is Price Going? easy with knowledge of Zlines and momentum.

2. How will i get there? in a repeatable, predictable cycle of in profit,e liminations of profit.

3. How will i know when i am wrong? If i enter a trade and it immediately closes against me or if the trade is in profit and the cycle of profit, eliminations of profit, towards my target, is broken.

4. what will i do about being wrong? look for better price to exit if not i will just exit.

BB
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Postby MightyOne » Sat Apr 07, 2012 7:20 am


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Postby MightyOne » Sat Apr 07, 2012 7:26 am

And yes I am retired from posting ;)

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bettlebox
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Postby bettlebox » Sat Apr 07, 2012 12:04 pm

Thanks MO, im so excited something has happened to me my trading mind.
I was study your pictures from pg187 on NLA thread.

Something in my head has clicked, its hard to describe. I don't whats changed. Over last 6months i had lots of ah ha moments.

If asked me week ago, a month ago, i could point all these things out but somethings happened. Some thing is different something clicked a light came on.

I can see it all , i know what im looking at, i know what im looking for. Its annoying i dont know what the click point was. ALL i know it was something in your pictures from page 187 - 202 on NLA thread. I think maybe exploring the cycle of profit and emlination of profit contributed to this as well. ummm

Maybe its my turn to drain the banks? [-o<

Its shame MO if you have retired from posting, the teacher always learns more from his students. Than the student from the teacher. Ok i need to study your picture you posted now.

ta ta :)


PAGE 1 - 4hr CHART


PAGE 2 - 1hr CHART


PAGE 3 - 15min CHART

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Postby bettlebox » Sat Apr 07, 2012 2:17 pm

another example what am seeing

PAGE 1 - 4hr CHART


PAGE 2 - 15min CHART

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Postby bettlebox » Sat Apr 07, 2012 8:33 pm

MightyOne wrote:http://i42.tinypic.com/s5fk9h.gif


Thanks Pic MO. I spent while chewing over it. I did some pictures on study i did while ago what do you think?

PAGE 1


PAGE 2


PAGE 3


PAGE 4

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Postby MightyOne » Sun Apr 08, 2012 12:12 am

If I were going to target anything it would be a 50 & 80% ret but I would immediately replace the those lots with limit orders.

Beyond 80% I would target lower lows after the Rat Trade formed (red/green).

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Postby MightyOne » Sun Apr 08, 2012 12:34 am


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Postby bettlebox » Sun Apr 08, 2012 3:19 am

MightyOne wrote:If I were going to target anything it would be a 50 & 80% ret but I would immediately replace the those lots with limit orders.

Beyond 80% I would target lower lows after the Rat Trade formed (red/green).


Thanks MO very helpful.
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