aliassmith wrote:Braathen wrote:I am starting to believe that the only things that matter are:
2. Correction Size
So im wondering where correction size comes in the picture.. i have a notion this might help me
I have been studying this idea of Mightyone and I have come to realize that it is powerful. It is actually the way we look at zlines.
We wait for a quiet time and a lot of times this can be a pivot.
We wait for a strong move away from the pivot.
We wait until the price retraces over 50% of the strong move. (IMHO 61.8% is better)
We look for an acceptable entry in this area. (Mighty Zone)
Use Higher timeframe "trend" / "color" to give direction.
simple mightyone, seems like all your teachings point to this way of thinking. Triangles, zlines, diamond of perception etc.
Could you post a chart showing what you stated on your previous post.
Thanks a lot