PA, S/R, ZL, EXTREMES & MOMO

PebbleTrader · Post by **PebbleTrader** » Fri Sep 09, 2011 10:58 am

20-25* Channel

Does anyone know why the PnF changes shapes slightly?

I would not have noticed this had I not been taking snapshots of it.
It keeps the same general trend shape but the number of boxes changes?!

Jalarupa · Post by **Jalarupa** » Fri Sep 09, 2011 11:26 am

Yeah I had noted that whilst watching live data...

Next week I'm planning to do a timelapse photography of the live performance of the market and this indicator and will load it on YouTube for all those interested...

So we'll see what's the effect on the greater scheme of things...

PebbleTrader · Post by **PebbleTrader** » Fri Sep 09, 2011 12:02 pm

That would be interesting to see. I was minimizing and switching charts, refreshing, etc.

I wasn't sure if it was something I had done or if you just left it alone if it would still change shapes over time.

Belkin · Post by **Belkin** » Fri Sep 09, 2011 1:02 pm

Short Again.

Back on my long term plan to short EU down to the basement.

EDM · Post by **EDM** » Fri Sep 09, 2011 2:33 pm

Nice chart Belkin ! thats what I believe trading is all about ... Momo and S/R I hope we see some more of that either from you or anyone trading Momentum and especially from the man who unveiled it all Mr MO :wink:

EDM · Post by **EDM** » Fri Sep 09, 2011 2:57 pm

We may see some retracement next week if we get a close above the fresh weekly momo

Belkin · Post by **Belkin** » Fri Sep 09, 2011 3:09 pm

Yes.. I always have in mind retracements..

Manage the space to stay alive the retracement occurs.

And dont freak out

TygerKrane · Post by **TygerKrane** » Fri Sep 09, 2011 11:01 pm

EDM wrote:...if we get a close above the fresh weekly momo

I'm not sure what you mean by this, could you explain further?

If we close [where], we retrace to [where?]

paweldobkowski · Post by **paweldobkowski** » Sat Sep 10, 2011 11:18 am

You're killin it Belkin!

It was a nice bounce off resistance on weekly.

I'm still learning to trade long term. I was short off supply on D1 and I just added one more position after that. Closed everything before the weekend.

EDM · Post by **EDM** » Sat Sep 10, 2011 11:28 am

TygerKrane wrote:
EDM wrote:...if we get a close above the fresh weekly momo

I'm not sure what you mean by this, could you explain further?

If we close [where], we retrace to [where?]

I remember MO saying something like that ... "Price will expand according to the period that your line represent" usually if price bounces off weekly S/R it will keep going that way until it hits an opposite S/R of the same period/magnitude

Comparing the size of momo may help you decide how far price will expand though am still not good at targeting momo but dropping to lower tf usually helps me to decide whether price will close over/under on the higher tf

I analyse the chart from top down and trade it from down top