On your 4.52am post above, Did you enter short on the little yellow box on your M15 chart? It looks like you entered when the bar was blue or long, so I think you were going against the Mighty BANK Tide. I think you maybe putting too much importance on the Z things and making the bar size of the entry bars - M15 secondary. If the bar isn't the right size and direction or color, you are swimming against the tide and the ocean will always win, no matter what size ship we are in.
I am watching EURJPY H4-H1-M15 and doing my morning study right now.
Below is your bottom chart and the candle MOMO that I see along with a shot I took a few minutes ago of E-J chart I am working with.
Looking to the right of the London open, the market danced sideways a short time, then got ticked and we had a great MOMO drop, a short sidestep, then more drop. Note the size of the red bars, during the drop, they are getting shorter, maybe the drain end is beginning to approach. Gee then a 1Sema long shows up, then a 1Sema short appears and three reds. I wasn't here watching until 7am EDT, but I saw the 3Sema first appear, got pushed around down a bit, then took a firm stand.
Isn't it fun to watch price action moving around while keeping MOMO and bar size and color in the front of your mind and spying out where Z treasure is burried waiting to become your plunder???
Lukx, I was thinking this morning I would like to know when the H1 and H4 bars are closing out. I see you have that on the top left of your charts. How did you do that?
Locking Arms & Muskets Together
The MOMO Student
- Lukx-2009.09.01-L002.jpg (160.28 KiB) Viewed 1223 times
- Lukx-2009.09.01-L001.jpg (28.91 KiB) Viewed 1230 times
Last edited by Patch
on Tue Sep 01, 2009 5:01 pm, edited 1 time in total.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO