Never Lose Again

[monolisa]

Hi MO,

So a breakout is not indication of momentum, what indicates momentum? I presume it's the body size of the candle.

Learn to be patience and wait till momentum eventuates, then get in. Is it the key?

Thanks MO.


Lis

[prochargedmopar]

Hi MO,

So a breakout is not indication of momentum, what indicates momentum? I presume it's the body size of the candle.

Learn to be patience and wait till momentum eventuates, then get in. Is it the key?

Thanks MO.


Lis

If you can see loss then you can see profit.
It's a B but must be studied.

Breakouts can be heaven and they can also be hell.

[es/pip]

Hi MO,

So a breakout is not indication of momentum, what indicates momentum? I presume it's the body size of the candle.

Learn to be patience and wait till momentum eventuates, then get in. Is it the key?

Thanks MO.


Lis

yes body size of candles

what does bar # 1 2 and 3 tell you in the following pic?

answer like this

bar number 1 tells me.....................

bar #2 tells me ..............

etc

[monolisa]

Thanks, es/pip. Crystal clear.

By the way, if you look at the 3rd candle after the "3" bull candle it was a bearish momentum candle. The next candle was bull but weak, and the one after was bear but even weaker. Given the easing momentum and the price was close to H4 mighty zone target the prospect of going downward would be much less. It's time to wait for another momentum candle.

Is it how you would look at it, es/pip?

THanks.

Lis

[Fxtraveller]

Hi.

I dumped all indicators but dynamic fibs, and watch M5/M15 zoomed out....My trading instantly got better.
I actually started seeing ranging/trending/breakout markets.... wow

Where can I learn more about Z lines and how to draw them correctly, etc...? which thread is best? if this one, around what page? It has SO many pages, its unreal, but best thread on the site.
Any suggestion or direction to it would greatly be appreciated.
I feel releaved no that I started to trade without any indicators.

Regards.
FxT.

[monolisa]

Indeed, Fxtraveller. Able to read price action and its action through time is enough to give you the edge in trading. But first of all you need to SEE (which you already have) before you can READ and UNDERSTAND.

I will leave zline advice to the zline experts

Good luck to your trading.

Lis

[koolbreeze]

Fxtraveller,
This thread is the one for ZL info. (MO, thanks for your insight) I believe you will see Mo's posts start about page 138.

[Patch]

koolbreeze
Thanks, I was wondering where to start also. I've thinking about FXTraveller's comment about dumping all indicators and what he has learned since doing so. I've still never gotten to that zoo of yours.
jb

[monolisa]

Hi Patch and Fxtraveller,

Hopefully MO and es/pip could give a verbatim account of the zline trade. It's a rather daunting task to read 300+ pages of threads. However, if you wish to go thru it I think it's a rewarding experience.

Lis

[es/pip]

Thanks, es/pip. Crystal clear.

By the way, if you look at the 3rd candle after the "3" bull candle it was a bearish momentum candle. The next candle was bull but weak, and the one after was bear but even weaker. Given the easing momentum and the price was close to H4 mighty zone target the prospect of going downward would be much less. It's time to wait for another momentum candle.

Is it how you would look at it, es/pip?

THanks.

Lis

that's not exactly what i was looking for

but

------ this is all of what MO has said repeatedly over the past 5 pages------

what we want to see as traders is momentum

when we have momentum we have movement and as a result we have traders sitting with profit

what happens to traders sitting with profit?

candle #1 tells me--------- nothing at all besides it is a bear bar with less momentum than the prev. bar and i could care less about anything at this point.

candle 2 tells me--------- ALERT ALERT ALERT----- we have momentum---- this bar is over twice as big as the prev. bar----PEOPLE ARE TRADING---- MOVEMENT-MOMENTUM------ now i am extremely interested------- traders are sitting with profit as a result of the momentum---- i am ready to take action

candle 3 tell me ----------- that i am in this trade----- the held profit is zerod out and now we can move again.


-------------------------------------------------------------------------------

as far a summing up the zline stuff------u need to read the thread or u will not understand-----some people have read the thread and still do not understand.

but

body in direction of profit wick in direction of loss ----trade in the direction of profit---- is the summed version--- and what MO said in the very beginning