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jlpk007
rank: <50 posts
Joined: 10 Mar 2010
Posts: 7
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| forexjake80 wrote:
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momo = momentum candle = body has 2x size of the candle before.
the happy-face indicator gives happy faces when the body of a closed candle is bigger than the candle before = momentum increasing (isnīt necesarily a momo)
When you see an x, means candle color changed. My obervation: That happens usually after sad face.
Ive been reading the nla thread up to page 666 yesterday 
Thank you everyone for teaching!!!!!
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Thanks ForexJake80
when you mentioned momentum increasing isn't necessarily a momo . Sounds confusing and contradicting 
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forexjake80
rank: 50+ posts
Joined: 15 Nov 2009
Posts: 52
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its just a matter of language.
"momo" is NOT the word you use for momentum.
"momo" is the shortcut for "momentum candle"
(the) momo = the momentum candle.
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jlpk007
rank: <50 posts
Joined: 10 Mar 2010
Posts: 7
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| illuminatedMind wrote:
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this is eur/usd h1 chart with horizontal line
so if i understand well the current candle is red if the next candle is green and crosse one of these line il go long right?
if the next candle is red and cross the next line do i go short or i just wait for the next candle to be green?
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May i ask what counter is this? I am downloaded the sweetspot counter but it looks different
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jlpk007
rank: <50 posts
Joined: 10 Mar 2010
Posts: 7
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Hi TRO,
May i ask how to use indicator "Dynamic FIB SR TRAIL"
i see lines and 4 boxes in different colour (RED,PINK,GREEN,BLUE) but dont understand what it means.
Thanks!
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bettlebox
rank: 50+ posts
Joined: 11 Mar 2010
Posts: 68
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I have attached picture. Basically D1 and H1 down, got up cande and then entered as soon next candle headed south hitting the go short line.
Is this right?. I worried i m trading this wrong.
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| example of trade.jpg |
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963 Time(s) |
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bettlebox
rank: 50+ posts
Joined: 11 Mar 2010
Posts: 68
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did another trade got 3 pips, what do you think?
actually got 1 pip from previous bar too hehe
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| other example of trade.jpg |
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955 Time(s) |
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bettlebox
rank: 50+ posts
Joined: 11 Mar 2010
Posts: 68
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I would be grateful if someone with some experience of this system could have look at trade i posted up. Done 4 trades today all winners.
just want to make sure i got it.
many thanks
BB
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| hope this is right.jpg |
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MightyOne
rank: 1000+ posts
Joined: 10 Dec 2008
Posts: 2120
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| bredin wrote:
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WooHoo!
12 weeks, 1 move from oz to nz, inumerable head explosions, numberable aha!(tm) moments, lots of trading, reading, screaming, ranting, cursing, crying, point-and-laughing, coding, posting- all while working around a j.o.b. Ive finally read this entire thread.
Ive retired from my job thanks to MO, es/pip, dragon and others who have pointed the way. This thread has been the best and the pointy end of 10 months of hard graft leading to this point. Roll on 2010!
Right, back to the beginning, and I'll have a crack at the more advanced stuff 
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Congratulations for retiring  
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noone22
rank: 150+ posts
Joined: 05 Aug 2008
Posts: 391
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| es/pip wrote:
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Hi, es/pip
May I ask you a quick question
about color convention on your charts.
Do you color all zerolines ("short" and "long" ones)
in the same color
or magenta is for "short" zeroline,
and blue is for "long"?
By "short" zeroline I mean the one, where profit holders
will be "zeroed out" by sell, i.e. - they went long on the
begining of breakout for this zeroline.
On this particular chart you do have 2 zerolines,
marked in the same magenta color.
Should you follow "different color" convention,
the first zeroline would be magenta, and next one - blue, correct?
And more general question - does it matter, which zeroline it
is - "short" or "long"?
Is it true, that for red (short) zeroline one would expect to sell,
and for blue (long) - expect to buy.
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noone22
rank: 150+ posts
Joined: 05 Aug 2008
Posts: 391
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| MightyOne wrote:
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Not Forex, but I thought you might find it interesting to see that zero lines occur in every market and in every time frame.
This is the MONTHLY SPOT GOLD chart with a bounce off the zero line worth more than $100/oz!
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Really?
What about S&P 500 index and e-mini S&P?
It's mostly driven by daily only speculators and pitt.
But guys from pitt has a habit close all trades by 5pm
daily the latest.
So nowdays (still fresh memory about recent bearish run)
there are no much heroes to hold S&P positions for longer
than one day.
Question: Is zero-line method is still applicable here?
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