Never Lose Again

[TheRumpledOne]

Very interesting stuff, MightOne.

[MightyOne]

Very interesting stuff, MightOne.

Wow, you are already up and coding?

That was pretty damn powerful momentum for the market to plunge 15, 17, & 19 down
always trade with candle color

[TheRumpledOne]

Been up since about 8 am EDT which is 5 am my time.

[MightyOne]

"MightyOne" : Realizing that I have strayed from simplicity I sat down and had a conversation with the chart and here is what he said:

"If a candle closes after a momentum move then it will be larger than the prev. candle & it may be larger than a consecutive number of candles in the past.

The smaller this number is the stronger the move to come.
The larger this number is the weaker the move to come.

Drain the banks!"

That is all he said



You sure know how to "work" me, don't you MightyOne?

I try

[TheRumpledOne]

The smaller this number is the stronger the move to come.

The larger this number is the weaker the move to come.

=============

In the opposite, direction?

[MightyOne]

The smaller this number is the stronger the move to come.

The larger this number is the weaker the move to come.

=============

In the opposite, direction?

The concepts is the larger the body of the bar the greater the chance of reversal.
Assuming this bar is Y or Z momentum, the likely future move will close with a small body.
However momentum follows an XYXYX pattern recognizing that momentum can pick up again in the same direction after X.

As always, TRADE WHAT YOU SEE

[TheRumpledOne]

Just can't help myself.

Had to make a MOnum MultiMeter.

[TheRumpledOne]

MightyOne:

Idea... should we also be counting the number of consecutive larger bodies?

[TheRumpledOne]

[MightyOne]

MightyOne:

Idea... should we also be counting the number of consecutive larger bodies?