Thank you kindly for your time and dvice.
Will continue with advancing my Zline trading.
Wait for momo (2x previous) candle
wait for retracement.
a zline should be somewhere in the first 50% of momo candle.
enter at own discretion, when price starts to reverse once more.
Mighty One, your patience and comments are appreciated.
What you are doing is using a simple method to answer simple questions:
1. Should I be trading long or short?
2. Approximately how long might this trade move long or short?
3. Who is sitting with profit?
4. Where should I enter?
5. Where should I exit?
All that you need is a general understanding of what you might do based on what is developing.
Look at several time frames: hours, days, weeks, months, years
You can be fooled in one time frame, but you cannot be fooled in every time frame.
Once you know where you are going then it is all S&R/best area to enter.
If this is a large time frame then the area can be quite large, but at least you know the answer to the 5 questions above.
Large time frames always overrule small time frames.
To trade against a large time frame you exit instead of entering.
Yes, the MZ is 50% of the momentum candles body from the open price and a zero line is any line in that area.
The rule of 2x the previous is used when you do not understand how to compare possible momentum to previous non momentum candles.
An overview of how to compare can be found in PRO's journal.