brettnchrism wrote:I get to see new things all the time. I had been wondering how it was that ES was able to anticipate that a target would be hit.
I have looked at the posted charts and many times I see a reversal pattern that may be headed for a target and then fizzle out but what I see is that it is better to wait until price is closer to a target and that price may not just turn around and go the opposite direction after a big up or down move. I also see that the H1 and H4 targets seem to be the norm to shoot for. I have been trying M15 targets entering on M5 but that doesnt work too well. So now I plot H4 H1 z lines and watch the H1 for some pattern and then go to M% or M15 for entry.
Thanks for the help .
yeah, u have to use the higher time frames. No matter if you are trading forex, stocks, futures or whatever the higher time frames are always more important. If you have huge down momo on the 4 hr and 15 min up momo into the 4hr momo who is going to win? most likely the 4hr
along with all of that------- there are a ton more pips to be had trading and targeting off the h1-monthly charts.
as far as " I had been wondering how it was that ES was able to anticipate that a target would be hit. "
------- if u r looking at a h1 chart and we have just come down and zl'ed a group of traders, we then have momo up creating a possible zl long trade---- if this trade/area holds where is the next group of traders sitting with held profits-------- that's the new target for the long. they hit most times bec as MO has said--" that's how the market works". If it doesn't hit just use PA to get out.
Also, every one that is trading this way is doing it a little different. I know that i could not replicate exactly what MO, monolisa, zap, dragon, etc etc etc does. They trade the way they do bec. it is what they see. i trade the way i do bec that is what my mind sees and thinks when i look at the chart. Your mind may not see and process what mine does.
I think it comes down to taking every thing MO has taught and making it your own. Not changing what he has taught to fit your mind, but fitting your mind to what he has taught so it works for you.
Bend over and assume the position for another 4 years of hope and change.