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Learning Curve...
- Thread starter forrestang
- Start date
Nice!!!
Didn't quite resolve that way on my 1000CVB chart.
And I don't think I would have seen that one come up (just the way it formed).
Nice that it happened @ LOD as well!
Didn't quite resolve that way on my 1000CVB chart.
And I don't think I would have seen that one come up (just the way it formed).
Nice that it happened @ LOD as well!
bigger IHS looking like it might fail!
http://www.sierrachart.com/userimages/upload_2/1236021562_1_UploadImage.png
http://www.sierrachart.com/userimages/upload_2/1236021562_1_UploadImage.png
Quote from veggen:
You got it!!
This might be just the catalyst for this market to crash..
Are those entries I circled good entries?
The first entry, for the follow through....wouldn't trigger if you were looking to get long using the 'magic tick,' i.e. waiting for a tick above entry bar.
Second, you would get short on the break one tick below that 'weak' bar going a tick below that swing I circled in green?
----EDIT-----
Just as a side note, market is doing whatever it wants now.
Quote from forrestang:
Are those entries I circled good entries?
The first entry, for the follow through....wouldn't trigger if you were looking to get long using the 'magic tick,' i.e. waiting for a tick above entry bar.
Second, you would get short on the break one tick below that 'weak' bar going a tick below that swing I circled in green?
yes looked like good entries to me.
If one did enter before the magic tick on the first IHS, it would make sense to exit on first bar that closed red. Even though it was not a weak bar, there was clearly no follow through on the BO as you wrote on your chart.