[highlight=red]NOTE: text should be placed in context a couple of minutes back in time when the short tirigger was at 31 !![/highlight]
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razorboy wrote:P,
Thanks for the input - Still trying to work out this momo thing.
1. Does the momo candle body have to be the same color as the previous?
2. first zone looks to be in the 0 to 50 range of the first momo - may have gotten in it too earlypierre23 wrote:Nice trading.. but the zones are in the wrong places, it's the 0-50% of the momo candle's body. Momo candle = body 2x larger than last candle body.
The first candle is right, just the mz isnt in the right place. And I see no second zone.. there is no more momo candles there apart from the current one which is 2x that of the previous candle. Maybe you saw other reasons to enter again.
Thats just my view
blubbb wrote:Here's an extended version of DoubleAlert (source). As soon as you add it to a chart, it will check multiple timeframes automatically: M15, M30, H1, H4 and D1. No need to switch the chart by hand. You can also specify a number of bars it will check after the momo bar has happened.
pierre23 wrote:razorboy wrote:P,
Thanks for the input - Still trying to work out this momo thing.
1. Does the momo candle body have to be the same color as the previous?
2. first zone looks to be in the 0 to 50 range of the first momo - may have gotten in it too earlypierre23 wrote:Nice trading.. but the zones are in the wrong places, it's the 0-50% of the momo candle's body. Momo candle = body 2x larger than last candle body.
The first candle is right, just the mz isnt in the right place. And I see no second zone.. there is no more momo candles there apart from the current one which is 2x that of the previous candle. Maybe you saw other reasons to enter again.
Thats just my view
You're still drawing your MZ from the bottom of the wick. It's 0-50% of the momo candle body. Other than that looks like you've got it =]
es/pip wrote:i am not going to post anymore of my trades after this one
maybe one every once in a while
i think by now, considering i have posted 100's of charts that are exactly the same, that if someone wants to learn it they have plenty do go off of. Everythnig is in MO's posts and charts.
my posts are redundant at this point
i will help answer any q anyone may have.
MO,
i took my normal 4% risk per trade today but after the first winner i rolled 50% of net profit into (on top of the 4%) the next trade and then so forth on each additional trade. If i had a small loser or a b/e i started back over at 4% and did the same for each consecutive winner.
needless to say it turned a great day into a extremely great day to say the least
Not sure why what you said never really clicked for me. Then, for some reason i equated it to how i play blackjack and it clicked.
bet 100 win 2 hands bet 200 etc etc etc till i lose a hand and then start over
anyway, thanks again for everything u r doing here-------it is unreal what is possible from what i have learned from you, and to think i am still in MO 101 makes my head spin.
thanks again for your time
blubbb wrote:Here's an extended version of DoubleAlert (source). As soon as you add it to a chart, it will check multiple timeframes automatically: M15, M30, H1, H4 and D1. No need to switch the chart by hand. You can also specify a number of bars it will check after the momo bar has happened.
deeforex wrote:es/pip wrote:i am not going to post anymore of my trades after this one
maybe one every once in a while
i think by now, considering i have posted 100's of charts that are exactly the same, that if someone wants to learn it they have plenty do go off of. Everythnig is in MO's posts and charts.
my posts are redundant at this point
i will help answer any q anyone may have.
MO,
i took my normal 4% risk per trade today but after the first winner i rolled 50% of net profit into (on top of the 4%) the next trade and then so forth on each additional trade. If i had a small loser or a b/e i started back over at 4% and did the same for each consecutive winner.
needless to say it turned a great day into a extremely great day to say the least
Not sure why what you said never really clicked for me. Then, for some reason i equated it to how i play blackjack and it clicked.
bet 100 win 2 hands bet 200 etc etc etc till i lose a hand and then start over
anyway, thanks again for everything u r doing here-------it is unreal what is possible from what i have learned from you, and to think i am still in MO 101 makes my head spin.
thanks again for your time
Es or MO,
So are profits reinvested by increasing lot size or by increasing SL by the amount of your profits?
MightyOne wrote:deeforex wrote:es/pip wrote:i am not going to post anymore of my trades after this one
maybe one every once in a while
i think by now, considering i have posted 100's of charts that are exactly the same, that if someone wants to learn it they have plenty do go off of. Everythnig is in MO's posts and charts.
my posts are redundant at this point
i will help answer any q anyone may have.
MO,
i took my normal 4% risk per trade today but after the first winner i rolled 50% of net profit into (on top of the 4%) the next trade and then so forth on each additional trade. If i had a small loser or a b/e i started back over at 4% and did the same for each consecutive winner.
needless to say it turned a great day into a extremely great day to say the least
Not sure why what you said never really clicked for me. Then, for some reason i equated it to how i play blackjack and it clicked.
bet 100 win 2 hands bet 200 etc etc etc till i lose a hand and then start over
anyway, thanks again for everything u r doing here-------it is unreal what is possible from what i have learned from you, and to think i am still in MO 101 makes my head spin.
thanks again for your time
Es or MO,
So are profits reinvested by increasing lot size or by increasing SL by the amount of your profits?
PROFITS ARE ADDED TO YOUR SL FOR STAYING POWER.
That said, do whatever you want.