dragon33 wrote:pablo101 wrote:If I remember correctly MO doesn't move SL and holds for the big 100 odd pip moves when he mentions using average range x 2.5 in a trade, which is cool but I've never could stomach holding for + century pips. Still need more learning but still happy at present moment getting consistent pips
If you start from H4 and make your marks on H1 and M5 for finetuning it is possible to make 150 pips out of a run of 110 pips. Nobody is telling you you should stay in. What is teached here is to take profit when there is and reentry when you can. The zerolines show you the way.
On this picture the H4 zone tells you that price possibly will turn. What are the first things you should think of to catch a part of the momo. Will i take the BO and what will i target?
On the above picture you can see the BO and reverse lines drawed on the H1. This is for every tmf the same! Do you see how many opportunities there are to enter. You can always target near the H1 zones and watch how price is reacting.
Sorry to zoom out like that but i have the same run on the screen as on the H1. Only you can see the marks with the numbers. This is how it works. If you can not find a setup there isn't one that fits you. Stay out and wait for the right one
Hey mate, which indicator are you using which plots the mz? Could you please post the indicator? Helps with the visuals.