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chonnalls
- Thread starter elovemer
- Start date
... to answer your question again...
.... here is a down channel.... and yet here are two opportunities for long
.... usually long entries are only reserved for up channels....
... the two red dots... represent failure to cross the 50% level of the channel... or centerline....
... the first one was successful in exiting the channel...
...the second was not successful....in exiting....
.... but both are good long entries...
.... here is a down channel.... and yet here are two opportunities for long
.... usually long entries are only reserved for up channels....
... the two red dots... represent failure to cross the 50% level of the channel... or centerline....
... the first one was successful in exiting the channel...
...the second was not successful....in exiting....
.... but both are good long entries...
Quote from Marsupilami:
887ish would have been a sweet entry for a long.
I assume you look for confluence of several channels...would you have gone long at the above level ?
Attachments
....once you have the first pink dot... you have to wait for the second pink dot....
...once you have the second pink dot.... you have to wait for the third pink dot to form the second channel....
... the first channel provides guidance for the third pink dot....
...once you have the second pink dot.... you have to wait for the third pink dot to form the second channel....
... the first channel provides guidance for the third pink dot....