In the last picture:
If you look at the lowest red 'x' you will notice that there was no momo behind it and are probably scratching your head.
It was actually momo away from this point and trying to exit short trades as price returned to the zone (MZ).
The ideas that I trade by:
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i always enter with no stop 
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MightyOne wrote:Before we talk IF/THEN lets talk about what comes first:
Body in the direction of profit: the true meaning:
If a body in the direction of profit is sale then a wick in the direction
of loss is a ...
MightyOne wrote:Some recent PA:
MightyOne wrote:In the last picture:
If you look at the lowest red 'x' you will notice that there was no momo behind it and are probably scratching your head.
It was actually momo away from this point and trying to exit short trades as price returned to the zone (MZ).
Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4
This is something I am looking at
Edit: charts fixed
Last edited by Neo88 on Thu Sep 13, 2012 4:50 pm, edited 1 time in total.
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore
MightyOne wrote:That wasn't hard now was it
PS: stops are for people who want to get stopped out
I guess there is two sides to successful trading
First is knowing where price is going --> Momentum, Close over/under, IF/THEN lines
And second how to get there --> Space management
A man must believe in himself and his judgment if he expects to make a living at this game. - Jesse Livermore
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