OK..why is the very bottom one not one when it was the point of a breakout south,if price returned to that you would be looking for a short? As it was 90 closed over the other way, either putting you long at the point on a close under close over or long after it closed over the 'go long' line above it.
Cheers
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- dojirock
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Because your green, up, or bullish CC didn't close below that line.
Read this carefully, its not a typo.
Read this carefully, its not a typo.
Last edited by dojirock on Wed Apr 03, 2013 5:36 pm, edited 1 time in total.
It always takes Momentum to break Momentum!
"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!"
"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!"
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- dojirock
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onontsira wrote:Same problem with the 3rd from the bottom of the picture (and not 3rd from top of the picture)? Is that correct?
No. The 3rd from the bottom is correct. If you count down 3 from the top ignoring the one that runs off the left side of the pic.....is the one that is not.
It always takes Momentum to break Momentum!
"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!"
"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!"
- dojirock
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Thats exactly what im saying. I would be short...there is no reason to go long yet.....im still trading the last valid zline.
so there is no hindsight about it.
so there is no hindsight about it.
newscalper wrote:That's fair enough when examining it in hindsight. At the time you would be entering short near the line before that candle had closed. you wouldn't know it had failed and closed back over it until afterwards.
It always takes Momentum to break Momentum!
"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!"
"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!"
- dojirock
- rank: 1000+ posts
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In hindsight I would only be hoping for a confirmation of continued short....it failed....but im still short....there is now long indication.
It always takes Momentum to break Momentum!
"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!"
"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!"
- dojirock
- rank: 1000+ posts
- Posts: 1921
- Joined: Tue Nov 17, 2009 10:11 pm
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GU today,
Dont even think about shorts.... there are only two zlines.
Dont even think about shorts.... there are only two zlines.
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It always takes Momentum to break Momentum!
"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!"
"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!"
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