I don't remember ever seeing that one, it sure is a great way to show how it works.
Ghost of If You Can Draw A Straight Line
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I don't remember ever seeing that one, it sure is a great way to show how it works.
Much appreciated for this. The lingo caught me off guard.
Any chance you could provide the example of the H&S that happened earlier in the week?
Old news. And they're so rare -- the real ones -- that they're not worth bothering with. By the time you have confirmation, you're already well into the trade and in profit. Better to just stick with the program, which is why this doesn't include "patterns".
DB, I have noticed something that may be insignificant, but perhaps you could clarify for me. On page 15 of the last document you posted, is the following:
2. When price takes off in one direction or the other, wait for a retracement.
3. Enter on that retracement, a few ticks above the trough of a \/ retracement or a few ticks below the crest of a /\ retracement, and stay in until your line is broken.
What is confusing is the "enter ... a few ticks above the trough of a V..
This sounds like an entry stop would be placed a few ticks above the last swing high that made the left side of the V after the supply line was broken (for long trade) An entry at this point does not seem consistent with those shown in the straight line threads. Am I missing something, or just trying to be to picky with it?
2. When price takes off in one direction or the other, wait for a retracement.
3. Enter on that retracement, a few ticks above the trough of a \/ retracement or a few ticks below the crest of a /\ retracement, and stay in until your line is broken.
What is confusing is the "enter ... a few ticks above the trough of a V..
This sounds like an entry stop would be placed a few ticks above the last swing high that made the left side of the V after the supply line was broken (for long trade) An entry at this point does not seem consistent with those shown in the straight line threads. Am I missing something, or just trying to be to picky with it?
It is as you understand BMW. Price is going up, DL break, ret, and after the trough of the retracement a rise constitutes an entry.
I think you mean a fall constitutes and entry?
Oh, ok. I was reading it incorrectly. And yes english is my first language. 
Yes, I was wrong.
If it's placed above the swing high, it won't be inside the trough. Can you provide an example of what you're talking about? If not, just look at gears' recent charts.
Edit: Sorry, all these responses while I was chowing down. If there's further confusion, let me know. God knows there's enough examples. There's also W's course, which is where I got it from, but you needn't go that far.
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