WHAT IS A THIRD ENTRY?

Darc

Darc

"Always look for two legs. Also, when the market tries to do something twice and fails both times, that is a reliable signal that it will likely succeed in doing the opposite" Al Brooks.
 
Darc said:
"Always look for two legs. Also, when the market tries to do something twice and fails both times, that is a reliable signal that it will likely succeed in doing the opposite" Al Brooks.
More...

Please illustrate with graphics/diagrams.
A picture is worth a thousand words.
And it can explain 3rd entry better.
 
Last edited:
"Whenever the market tries to do something twice and fails, it usually then tries the opposite. This is why double tops and bottoms work and why traders will not develop conviction in a reversal until the old trend extreme was tested." Al Brooks.
 
maxinger said:
Please illustrate with graphics/diagrams.
A picture is worth a thousand words.
And it can explain 3rd entry/party .... better.
More...
doubles--4-.jpg
 
upload_2023-10-30_20-9-40.png


1st entry - fail
2nd entry - also fail
3rd entry - take reversal signal. pass or fail?






upload_2023-10-30_20-9-18.png


3rd entry - sometimes pass, sometimes fail.
The market can really move in various manner/fashion/temperament ...
 
That kind of technical analysis is like astrology for men.

The horoscope says this about me, today:

Oct 30, 2023 - In your case, the phrase "turning point" has some meaning. This turning point could take the form of a new person or a key event that changes things forever. Sometimes amazing things we hear about really do happen. One of these things may be happening to you in the coming days.

Do you believe that any of that will happen? That a "turning point" will occur for me?
Look at your picture again and try to find a better explanation of how it will work, because nobody believes in that garbage.
 
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