Never Lose Again
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- TheRumpledOne
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- razorboy
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you and your boxes...
figuring out this riddle is what is holding me back!!!
First box - shows the biggest correction ( biggest advance that returned to its low - biggest retrace of the uptrend - and bounced) in the uptrend and the time - 7 bars
next box is 7 bars as well
In the counter trend, you are looking for price to fall below the low of the biggest correction in the uptrend, within the same amount of time that the correction took to complete itself...........
First box - shows the biggest correction ( biggest advance that returned to its low - biggest retrace of the uptrend - and bounced) in the uptrend and the time - 7 bars
next box is 7 bars as well
In the counter trend, you are looking for price to fall below the low of the biggest correction in the uptrend, within the same amount of time that the correction took to complete itself...........
MightyOne wrote: YO HO YO HO THE PIRATES LIFE FOR ME!
Barry flavored TRO:
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
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Re: you and your boxes...
correction to the below
Reversal when price does not return to high within the same amount of time as the largest correction within the previous trend.
Largest (and only) correction in the uptrend was 7 hours
After a new high, price fell and did not correct within that same time frame - go short
Reversal when price does not return to high within the same amount of time as the largest correction within the previous trend.
Largest (and only) correction in the uptrend was 7 hours
After a new high, price fell and did not correct within that same time frame - go short
razorboy wrote:figuring out this riddle is what is holding me back!!!
First box - shows the biggest correction ( biggest advance that returned to its low - biggest retrace of the uptrend - and bounced) in the uptrend and the time - 7 bars
next box is 7 bars as well
In the counter trend, you are looking for price to fall below the low of the biggest correction in the uptrend, within the same amount of time that the correction took to complete itself...........MightyOne wrote: YO HO YO HO THE PIRATES LIFE FOR ME!
Barry flavored TRO:
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
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- razorboy
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bar counting......
MO,
In the most recent run up on the EUR/US it looks like there are two potential box areas that could be considered correction - where price fell
one of 3 bars (2 actually - right next to each other and one of 6 bars
I think I may be answering my own question based on follow up price action, but which of these boxes (or neither - you could argue that price never came completely back down) would you use to judge your entry for the reversal trade.
3 bar box
6 bar box
or were neither of them good boxes ?
In the most recent run up on the EUR/US it looks like there are two potential box areas that could be considered correction - where price fell
one of 3 bars (2 actually - right next to each other and one of 6 bars
I think I may be answering my own question based on follow up price action, but which of these boxes (or neither - you could argue that price never came completely back down) would you use to judge your entry for the reversal trade.
3 bar box
6 bar box
or were neither of them good boxes ?
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
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another box shot...........
lets try this one.......i think i see my goof up before
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
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I think this looks better - looks like 7 15 minute bars from the green to the green
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
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or is it.........
a few more bars over where you get a retest and move up - 11 bars in total
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
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