MightyOne wrote:jarnapal wrote:MightyOne wrote:jarnapal wrote:MightyOne wrote:JESGPY wrote:MightyOne wrote:scratty wrote:Some thoughts? The last cutted arrow is the entry signal...
Did you highlight that CC by hand, because there are a lot of errors.
We (i) do not do it like that because price loses the power of the Momentum Candle the further it is from it.
If I were looking to go long, I would need a higher time frame CC with PA closer to the Momentum Candle.
If there is one thing that should not be in the Mighty Zone it is bodies.
Bodies in the direction of profit
Wicks (within the MZ) in the direction of loss.
If price closes over a line...
I do not throw out these cute lines without reason
Lastly, MZ & ZL are cheats for trading EQUILIBRIUM LINES
MO.
When you say this:
If there is one thing that should not be in the Mighty Zone it is bodies.
Bodies in the direction of profit
Wicks (within the MZ) in the direction of loss.
You always mean the candles in which the MZ formed right?
If I am trading a 4h MZ it doesnt matter if 15m candles close within it right?
It only maters if the if a 4h candles closes within it, right?
thanks for the reply.
JUAN
In a Zline trade the CC never closes in the MZ.
In a Support trade (2nd candle off MOMO) the CC
Could have closed in the MZ but the next CC cannot close lower than the previous candle.
If you are trading the 4H then it does not matter that a 15m candle closed in the MZ of the 4H MOMO candle.
MightyOne. With CC do you mean Custom Candle ?
Sorry, you just said that it does not matter if different candle from lower TF closes in the MZ but,
"In a Zline trade the CC never closes in the MZ."
If I have mightyzone from h1 candle then H3 CC can't close inside he H1 MZ ?
CC = Custom Candle
If the MZ was created with H1 candles then the rule applies to H1 candles.
A MZ created by H3 CC cannot have a CC close in the MZ.
However, in a S&R trade, a candle can close in the MZ and one can trade off the low extremes of the next CC so long as it does not close lower than the prev. candle.
Hehe you already answered. That was fast! Thank you. I deleted my question as I realised that if CC closed in H1 mightyzone then it means that one of the H1 bodies had to close inside the MZ, which you already answered
What can I say, I live at the computer
You are like the Stig from the Top Gear show. Nobody knows nothing about you except that you are a trading star. lol
I think you are AI (artificial Intel...)