My trading partner and I am lurking for about a month now, reading every post and looking at charts in this great forum. We have been trading for over 8 years and we are really interested in what you are doing here...it would be nice to be "FREE" as someone mentioned in a post.
But we must be honest with you great traders...we are having a very hard time understanding what you are looking for to identify a potential trade and what you use to determine your entries.
We dont understand some of the terms that many use here that seem to be important to their success:
Z Lines--can someone be so kind and show us on a chart where and what a Z line is?
MOMO candle and...what is a momo candle? I read somewhere that its not just a candle that is 2x's as large as a prior candle...so what things make up a MOMO candle?
HELD PROFITS--what is meant by this exactly? How do i know there are held profits and what is the psychological importance to trading about held profits?
Lastly we looked at Dragons chart and have some questions about why lines are drawn where they are and also why? We have attached the marked up chart.
Hopefully this isnt too much of a pain and someone will be gracious and kind enough to help us so that we can in turn help others as they come onto this great forum.
Thanks for all that everyone does here!
If you haven't read the thread, start from around page 130 to get most of your answers