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FXfreak wrote:news, you wrote "no box here until...". what is ...?
sorry, i'm a littöle bit blind...why is the red box wrong?
It's EXACTLY what it says.
There is no box there until it meets the criteria for the others which I@ve already detailed out, the red lines show exactly that, Until there is a green bar closing above there is NO rb. There cannot be because you do not know that the run of bars againstthe initial momo is over and it's closing above until the run is over and the run is only over when a bar closes going the other way.
1. For a green box to be drawn there must be a run of green candles. Where that run of green candles breaks out of the very first Dragon Line it crosses, that's where the POTENTIAL box starts.
2. For a green box to be drawn the ENTIRE bar sequence must close above that Dragon line.
3a For the run of up bars to end there must be the close of a down bar
3b But we are not looking just a single bars we are looking at runs of bars
3b We do not know that the run of down bars is over until there is the close of another up bar, this up bar must close above the first line we drew at the breakout for the UP RB to be drawn.
FXfreak wrote:ok, got it, thanks
Point 4 in the graphic: it's there both in graphical form and plain english. Can't make it any clearer than that.
4 steps, plain English, no cryptic bullshit. How Doji draws his boxes.
When I first saw them I didn't quite understand - it's ALL about point number 4.
Last edited by newscalper on Thu Oct 31, 2013 12:21 pm, edited 1 time in total.