flinux charts & trades
Moderator: moderators
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
-
TygerKrane
- rank: 1000+ posts
- Posts: 1733
- Joined: Mon Jan 25, 2010 3:36 pm
- Reputation: 297
- Location: Long Island, NY
- Gender:
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
That's how I use 3cc.
Video by bredin !!!
Video by bredin !!!
So faith, hope, love remain, these three; but the greatest of these is love. - 1 Corinthians 13:13
-
newscalper
- rank: 1000+ posts
- Posts: 1068
- Joined: Tue Oct 19, 2010 5:58 pm
- Reputation: 7
- Gender:
Yeah, it's a good video that one. It doesn't show the whole story though but shows where to find turning points: S/D.
When it comes to reading the current PA, which is where the question 'which one leads' comes from, the answer is that they are in constant rotation. I didn't fully understand this until a few days ago when MO showed something in his new thread and I still don't pretend to completely understand all of it.
The one in front and newly closing, at that time, is the one leading: so they rotate... So if your method for entry is close over close under and some kind of entry at a price on pullback you look for a strong close under in ANY of the CCs then look for a weak close in the pullback area of ANY of the CCs as long as price has not closed back over - MO doesn't use AFAIK an entry that's a bar breakout - more he uses an 'about here' entry when a CC closes near his price and a limit entry.
When it comes to reading the current PA, which is where the question 'which one leads' comes from, the answer is that they are in constant rotation. I didn't fully understand this until a few days ago when MO showed something in his new thread and I still don't pretend to completely understand all of it.
The one in front and newly closing, at that time, is the one leading: so they rotate... So if your method for entry is close over close under and some kind of entry at a price on pullback you look for a strong close under in ANY of the CCs then look for a weak close in the pullback area of ANY of the CCs as long as price has not closed back over - MO doesn't use AFAIK an entry that's a bar breakout - more he uses an 'about here' entry when a CC closes near his price and a limit entry.
