marcromero wrote:Ok please correct me if I'm wrong. So once a zline is established we are then placing a limit order here waiting for this line to be wicked and price to reverse?es/pip wrote:marcromero wrote:es/pip wrote:marcromero wrote:Mightyone,
Do the Zlines you peak of have anything to do with the MACD zerolines?
not answering for MO, but i am going to say no.
they are breakout lines/change in ownership
look at a chart any time frame. Just look at it, what area jumps out at you where the buyers took control of the sellers or vice vrsa. What you SEE will most likely be a zline.
Thanks I'll chew on that for a while. I've been going thru this thread like a mad man trying to figure this out. Sounds good but cannot use it till I'm sure what it is. Once i figure it out I then have to try and understand how to use limit orders with this method, or any method for that matter.
also go back and look at all of MO's charts, and see where he puts his lines and think to yourself where are traders sitting with a profit--from what area. Then that will be the zline.