A fresh start! Doji's Trading Journal

If you don't know where to start, start here! Don't be afraid to ask questions.

Moderator: moderators

judokamak
rank: 50+ posts
rank: 50+ posts
Posts: 101
Joined: Mon Jan 09, 2012 9:20 am
Reputation: 0
Gender: None specified

Postby judokamak » Wed Feb 19, 2014 7:33 pm

Yeah, i remembered that down rb was missing. On that chart s-->r lis poping up in the eyes, so i forgot.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Feb 19, 2014 8:11 pm

bettlebox wrote:Does anyone understand the concept of Close Above Close Below and can clarify it for me.

I think my conceptual model what i think it is, is wrong and it keeps flip flopping with in my mind.

Thanks
BB


It depends on how you personaly define things BB - the full phrase was Close Above Close Below...A Line that YOU believe to be support or resistance. So read into that what you will.
You could say, if looking at bars that (say on daily), if price is going up, the last daily high to be closed over (you believed it to be resistance but it wasn't as another daily closed above it), then a daily bar closes below it....close over close under.

Or if you so choose you can do it with last highest open - last bar up closes over open, then a bar closes below it. Over under.

It all depends on what you beleive to be support and resistance...

or it could be like the lines Jal has drawn....

could be any damn line.....and any TF bar closing and under it.
:lol:

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Wed Feb 19, 2014 8:22 pm

Image

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 46
Gender: Male

Postby MightyOne » Thu Feb 20, 2014 5:35 am

There is no resistance until price closes lower than something.

I would avoid drawing lines altogether and simply ask your inner child what it sees.

Get a pint of liquor and keep sipping until it all makes sense; that is how I learned ;)

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Thu Feb 20, 2014 6:48 am

It always seems to be one line 1st.
followed by an RB for confirmation (if you need it)

stack...stack....stack...
8)
Attachments
2014-02-20_0142.png
2014-02-20_0142.png (27.37 KiB) Viewed 204 times
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
dojirock
rank: 1000+ posts
rank: 1000+ posts
Posts: 1558
Joined: Tue Nov 17, 2009 10:11 pm
Reputation: 0
Gender: Male
Contact:

Postby dojirock » Thu Feb 20, 2014 7:04 am

more...
Attachments
2014-02-20_0201.png
2014-02-20_0201.png (15.69 KiB) Viewed 201 times
2014-02-20_0159.png
2014-02-20_0159.png (49.66 KiB) Viewed 201 times
2014-02-20_0154.png
2014-02-20_0154.png (16.7 KiB) Viewed 201 times
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Thu Feb 20, 2014 8:48 am

Image

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Thu Feb 20, 2014 10:36 am

MightyOne wrote:There is no resistance until price closes lower than something.

I would avoid drawing lines altogether and simply ask your inner child what it sees.

Get a pint of liquor and keep sipping until it all makes sense; that is how I learned ;)

That could be a single red bar after a perceived high. It closed lower than the high. And I'm sure we're all beyond taking 1 bar reversals?

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Thu Feb 20, 2014 10:41 am

I've been going over some of ES Pips old posts in the lukz thread and it looks to me like he uses whichever line is crossed first.

User avatar
newscalper
rank: 1000+ posts
rank: 1000+ posts
Posts: 1068
Joined: Tue Oct 19, 2010 5:58 pm
Reputation: 0
Gender: Female

Postby newscalper » Thu Feb 20, 2014 11:03 am

Hmmm
:idea:

Have I just seen something or have I put 2 and 2 together yet again and come up with 5??

Image

Image

Image

I've just tried this??

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “beginners forum”