Patch wrote:Lukx-Dragon33-Fxtraveller
Below is where I figure profits are being held onto by the H4 traders.
dragon33-What is the white line-entry line based on? I am getting brief glimpses and flashes of seeing. Always start by seeing where the profit it on the big time frame, in this case H4, then look at the next lower frame, H1 and see where the held money is for the H1 traders. How far back should I look on the H4 frame?
Fxtraveller-Are you referring to the 3rd pink H1 candle, counting from right to left?
Lukx-What are you basing the yellow ZL on?
Next time I will mark the lower time frame momo candle(s).
Patch
In VA
The first entry label is half of candle. A mightyzone starts from the opening till half of the momo candle. If price pullback to the label you can on smaller tmf if price ands there or not. If not try to get in as low as possible for better price and more pips in the runup. If price close against you on the smaller tmf you exit before your initial SL!!!
How far should i look back?
As far as there is held profit. Only you need to pauze your trade sometimes. Every momo of previous runup or down is valid to exit and reenter when there is no sign (momo other direction on the biggest tmf) of reversal!
The yellow zl is based on the half of the custom candle (aqua box up)
Next time i will mark the smaller momo up!
That is something you always need to do but some of the marks you need to see them without drawing them. Momo start on small tmf like M5.
3 M5 candle up is one momo M15. 4 M15 candle could be 2 up 1 down and again up but after all it is an H1 momo bar which has paused after 30 min and you could have one chance to get in on the pullback. Read and reread this untill you get it.
