zlines, semafor and more, oh my!
Posted: Thu Mar 18, 2010 3:05 am
Ok, I read through pages and pages of threads trying to learn trading strategies. And I am just learning to go through the motions because i don't understand certain concepts. I hope that this thread will change that. I would like to get a deep understanding of the various important concepts talked about in each thread.
1. zeroline - What the hell is this? I read that it is the area where that is profit held or something like that. What does that mean? And how would I figure it out without the zline indicator? What am I looking for as prices move to the area?
2. semafor - I just know that people look for reversals after its formation and the number 3 semafor creates the biggest reversal or something like that. What is it? How is the 1 semafor created? 2 semafor? and finally the 3 semafor? And why it is so important?
3. Mightzones - What is this? I looks like areas where there were resistance or support but I couldn't explain it fully.
4. Momo - I know that it means momentum but how do you identify it? People say that they see increasing momentum but I can't see why/ Des it relate to the increasing size of candles to signify increasing momentum? I think that certain wicks can represent decreasing momo but would like a definite description.
5. Dyn fibs = Again, I see people using this as support and resistance but I don't know how they are created and why we should treat them as important areas. Any explanation would be helpful.
These questions may sound rudimentary but really most of these concepts are not fully explained in the threads unless I am not reading the right threads. Most of the time, I read on hoping to understand these concepts at a later point. Well, maybe some people can help out and have a discussion with me.
Thanks for reading.
1. zeroline - What the hell is this? I read that it is the area where that is profit held or something like that. What does that mean? And how would I figure it out without the zline indicator? What am I looking for as prices move to the area?
2. semafor - I just know that people look for reversals after its formation and the number 3 semafor creates the biggest reversal or something like that. What is it? How is the 1 semafor created? 2 semafor? and finally the 3 semafor? And why it is so important?
3. Mightzones - What is this? I looks like areas where there were resistance or support but I couldn't explain it fully.
4. Momo - I know that it means momentum but how do you identify it? People say that they see increasing momentum but I can't see why/ Des it relate to the increasing size of candles to signify increasing momentum? I think that certain wicks can represent decreasing momo but would like a definite description.
5. Dyn fibs = Again, I see people using this as support and resistance but I don't know how they are created and why we should treat them as important areas. Any explanation would be helpful.
These questions may sound rudimentary but really most of these concepts are not fully explained in the threads unless I am not reading the right threads. Most of the time, I read on hoping to understand these concepts at a later point. Well, maybe some people can help out and have a discussion with me.
Thanks for reading.