AHG - Profitable Strategy for Struggling Traders

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Quote from Jaxon:

I agree, bright green bars heading up, but... only two HL and ONE HH at that point. Don't we need to wait for a 2nd HH ?
now... double top and TL break?
edit.... I see Anek, I see! :)
harder than it looks! :(
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yes, but lets have a few ideas about real life DBs - are they must have exactly equal low points? or maybe closings or a limit of maybe say 2 to 5 ticks? or maybe we should look at volume footprint and see on what level most of the trades have taken place?
 

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Quote from Anekdoten:

I never got a close below the lowest point of the middle swing.

Anek
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Ah, so you require the confirmed close for the double top under the mid-swing and then you pursue failure if such occurs?

~Cx
 
Anek has warned several times (make that, many times) don't go by the wick alone, must have a close. This one got about as close as possible without an actual close below.
 
Quote from Jaxon:

Anek has warned several times (make that, many times) don't go by the wick alone, must have a close. This one got about as close as possible without an actual close below.
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Yeah was referring to the failure & reversal though :) :) .
 
Quote from Cxinvest:

Yeah was referring to the failure & reversal though :) :) .
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I see, so it also doesn't "count" as a failure because there was no close below the earlier low. No position to reverse. I get it.
 
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