News, that re-test of the broken up RB, after the big red candle...
You don t see it as entry?
A fresh start! Doji's Trading Journal
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- Jalarupa
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revising Dragon Style today...
The first trade was me mucking about with my order software trying to set a reversal order above the red line... pushed the wrong button then figured out how to do it and instead took the reversal on the break of 140.5...
Edit - to call this dragon style is a misnomer because he would have waited for the MZ / ZLine Rejection before going long...
Patience of on my list of to/do's in 2014
- newscalper
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- newscalper
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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.
- dojirock
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It always seems to be one line 1st.
followed by an RB for confirmation (if you need it)
stack...stack....stack...
followed by an RB for confirmation (if you need it)
stack...stack....stack...
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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!"
- dojirock
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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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