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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 09, 2009 5:52 pm

Image


Very interesting stuff, MightOne.
Last edited by TheRumpledOne on Mon Mar 09, 2009 6:46 pm, edited 1 time in total.
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MightyOne
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Postby MightyOne » Mon Mar 09, 2009 6:29 pm

TheRumpledOne wrote:ImageImage

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
:shock: always trade with candle color :wink:

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 09, 2009 6:39 pm

Been up since about 8 am EDT which is 5 am my time.
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Postby MightyOne » Mon Mar 09, 2009 6:40 pm

TheRumpledOne wrote:"MightyOne" :shock: : 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 :(


Image

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


I try :wink:

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 09, 2009 6:40 pm

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?
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Postby MightyOne » Mon Mar 09, 2009 6:54 pm

TheRumpledOne wrote: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 :shock:

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TheRumpledOne
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Postby TheRumpledOne » Mon Mar 09, 2009 7:23 pm

Image

Just can't help myself.

Had to make a MOnum MultiMeter.
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Postby TheRumpledOne » Mon Mar 09, 2009 7:25 pm

MightyOne:

Idea... should we also be counting the number of consecutive larger bodies?
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Postby TheRumpledOne » Tue Mar 10, 2009 12:18 am

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Postby MightyOne » Tue Mar 10, 2009 2:28 am

TheRumpledOne wrote:MightyOne:

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


ImageImageImage

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