I've not managed to understand TROs dots yet. I think they have something to do with the dots MO uses. MOs dots show when a following custom candle has closed higher/lower than the leading candle - potential s/r.
Is this thread dead now, has everything moved on to box control?
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newscalper wrote:I've not managed to understand TROs dots yet. I think they have something to do with the dots MO uses. MOs dots show when a following custom candle has closed higher/lower than the leading candle - potential s/r.
Is this thread dead now, has everything moved on to box control?
MO dots = 9H CC (in this tf chart)
- newscalper
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newscalper wrote:On page 113 though MO does circle the dots
and I think what he's showing is that the high of the white candle
is higher than the red leading candle, i.e. the last hour did not go
any higher, possible resistance.
Take that picture and draw the 2 big Custom candles (White and
Red) and see what is happening around the lines.
One thing that helped me to understand the 3CCs
(1CC+1CC+1CC) was take a sheet of paper and start to read the
market candle by candle, hope that helps
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- newscalper
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Here's the image. The dots show whether the CC closed higher or lower (just bodies don't let us see that so easy), I know that. MOs chart though has 2 dots - 1 for each colour CC and he WAS looking at both, I believe he wanted us to see something in the difference betwen the two. The other thing I see of course is the large CC closing above then below the line, and then the pullback entry at 3.
newscalper wrote:Here's the image. The dots show whether the CC closed higher or lower (just bodies don't let us see that so easy), I know that. MOs chart though has 2 dots - 1 for each colour CC and he WAS looking at both, I believe he wanted us to see something in the difference betwen the two. The other thing I see of course is the large CC closing above then below the line, and then the pullback entry at 3.
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