Once the daily momentum had turned, all moves back towards that point would be retracements and would not exceed that terminal.
First time I was afraid, I was pacified.
There are only 3 things that can turn back the daily momentum.
Second time I was afraid, I was specified.
1: cover high/ cover low with optimal stochastic reading
2: impulse wave choking on momentum setting up a reversal divergence
3: Murena Williams Goonies-Player aka E44 and the safety net behind her
Now that we found momentum, what are we gonna do with it?
If you are below the main weekly MAs (i.e. Baer Market) and making a fresh run to the downside, target something that no one has on their screen other than professional momentum traders. Target the window envelope.
If the market stalls on the way down with a single overdrive + strong E + weak S or a quad E sequence cover half/all and re-enter on a strong E on the upside.
On the second run you may nurture target ideas further out, as it is most likely a Wave 3. What about on the 3rd return? I’m glad you asked.
Let’s talk Triumph cards then.
Bear with me, the honey color gets serious utilization here.
Until you figure out where the exits are, your knowledge equates to… (fill in blank)
What you need to know about the Bollinger Bands is that the current closing price has a great effect on them, meaning: when price is headed towards the Band, it also is pushing it further out, therefore if you want your algo to target the Bands, you need to aim say 5 pips closer.
Whilst this image shows price having managed to pierce through the Daily Bollinger Band, in reality it never reached it, but as price started moving back up, it dragged the Band a little higher, like a blanket, eventually covering the feet. This was Macdulio’s enhanced Bollinger Band Course for entirely free.
Excessive definition if (RSI2[i]<96.5 && RSI2[i+1]>96.5 && RSI2[ArrayMinimum(RSI2,6,i+1)]<80) excess[i+1]=1; if (RSI2[i]>5.5 && RSI2[i+1]<5.5 && RSI2[ArrayMaximum(RSI2,8,i+1)]>20) excess[i+1]=-1; 80-sample E drop shadow> iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,78,i+2))<iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,2,i)) overdrive> stoch[i]>94.5 or stoch[i]<5.5 where stoch is an 18-sample K iStochastic(symbol,0,18,3,3,MODE_SMA,0,MODE_MAIN,i) S means falling short S has no color if they are in the inner half of magenta bands S for instance> RSI2[i]<79 && RSI2[i+1]>79 && RSI2[i+1]<95.5 && RSI2[i+3]<RSI2[i+1] && excess[ArrayMaximum(excess,24,i)]>0 && excess[ArrayMinimum(excess,24,i)]==0
Show me the meaning of being humorous.