kiwiarian wrote:Don_xyZ wrote:TheRumpledOne wrote:
I haven't been gone!
As I define price action, there are only 4:
1 Outside bar ( price breaks both high and low of previous candle );
2 Inside bar ( price fails to break both high and low of previous candle );
3 Higher High / Higher Low ( price breaks previous candle high and but fails to break low of previous candle );
4 Lower High / Lower Low ( price breaks previous candle low and but fails to break high of previous candle );
That's all there is.
QED.
Yes. I get it.
I mentioned 3 because you didn't mention the bias (candle color) for the first 2 (the OB and IB). That makes the later 2 a "2" ("2" up or "2" down). A "2" is a directional candle. I'm sure you're familiar with Rob's work but just in case the others don't, I put 'em vids here:
But yeah, it is basically the same thing, your 4 and his 3. Doesn't make any difference in how I trade
The coast is clear (for Asian session). But I'm late into the game
the coast is clear.png
Cheers, Strats is new to me, will have a look.
Don't need to sweat over it. Traders have been using it since like forever but they just don't realize it.