Funny thing MO.. i was sitting wanting to ask you for something to chew on.. some mind food for while you where gone..
I thought i wouldnt bother you and here you go laying
one on us
Thank you kindly
Ok, now how many of you are aware that you should rarely combine more than 3 candles? A candle will fill its range within the first or second half or in a 3rd of its duration. When you combine too many periods you have too many moving parts and this dilutes the power of the extremes. -MO
lukx zline trading log + cfabian p.35 + adaseb p.48
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MightyOne wrote:
Ok, now how many of you are aware that you should rarely combine more than 3 candles? A candle will fill its range within the first or second half or in a 3rd of its duration. When you combine too many periods you have too many moving parts and this dilutes the power of the extremes.
Ok Back to the beginning, again, hehe.
- roger_over
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Aloha MO , Thanks for all of your help even though I havn't posted here a lot you have helped a lot
Aloha
Aloha
Last edited by roger_over on Sat Mar 27, 2010 2:44 am, edited 1 time in total.
Genius is more often found in a cracked pot than in a whole one.
E. B. White
E. B. White
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MightyOne wrote:You guys were not ready for a MO E-Book How many of you combine candles when looking for a trade?
We do now!
I know it's not what you are showing exactly, but as an exercise I've been combining four 15 min candles so as to match the 1 hr candle. Then looking at these 15 min and 1hr charts side by side.
I know you have not said you are going for the year just yet, but congratulations on being in a position to do so this early in the year. Thank you for everything, including the efforts you have made to communicate your skills to those of us on a much lower level of understanding. Even if it meant easing back on the home brew!
Is price closing higher or lower than something? Simple yet powerful question. ..MO
bredin wrote:Am I actually SEEing peoples stops getting hit? Or am I manufacturing it to explain the stalls?
Missed this post the first time round but was caching up on some readng today and found this comment and was curious as I'd had the same thought. Stops getting hit and maybe a little profit taking along the way. Wouldnt this account for MOs X Y description of momentum?
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook
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