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razorboy
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Postby razorboy » Wed Jun 10, 2009 7:49 pm

I'll give it a shot - I'm trying to figure out how MO uses his price boxes

As MO says - you have corrections and countertrend moves - corrections return to the direction in which prices was moving before they moved the other way, countertrend moves are not.

What I am attempting to do is identify the largest correction in the up trend - price returns to its original high, and quantify the time in terms of bars (time) and pips. It should then hold that later on in the uptrend, when price falls away from the new high by the same number of pips as the largest correction, and doesnt return to this new high in the same time frame as the largest correction did, you have a reversal.

That is the crux of it..........maybe MO can illuminate some more........
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razorboy
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Postby razorboy » Wed Jun 10, 2009 8:05 pm

The boxes quantify the time and size of the corrections in the downtrend.

comments on the chart

I think im looking for the correction that does not correct...............if you know what I mean


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razorboy
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Postby razorboy » Wed Jun 10, 2009 8:54 pm

doesnt look like it will turn to a reversal............big correction.......
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prochargedmopar
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Postby prochargedmopar » Wed Jun 10, 2009 8:55 pm

Reversal?
Not sure...........
Have to wait to SEE if "higher" correction returns to the low, if not.
Boing. We are bullish.
RIGHT?!?
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby bgungor68 » Wed Jun 10, 2009 8:59 pm

it's seem like Reversal. Turn to Bullish I think..

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razorboy
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Postby razorboy » Wed Jun 10, 2009 9:01 pm

somedyas there are just not 100's of pips to be had - had 78 one way and 19 the other - daily range of 164 pips
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Postby GrnFx » Thu Jun 11, 2009 12:52 pm

I am reading this thread, geez only on page 61, had to make a comment to exmess7 quip on luck!
Labor
Under
Correct
Knowlege

My 2 pips :)

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Postby ilovetro » Thu Jun 11, 2009 1:36 pm

Actually this thread is one of the best, if not the best, trading discussion I have ever seen. Ups and downs, back and forth...

Reading up to page 331. 3 months of posts to go :P

I do learn a lot from you guys, MO, Pro, es, razor and, of course, TRO!

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Postby MightyOne » Thu Jun 11, 2009 1:50 pm

"somedyas there are just not 100's of pips to be had..." -Razorboy


Which days did price not move a hundred or hundreds of pips?

5.10, 5.24, 5.31, 6.07

So 4 days out of 30 price moved 80-99 pips.

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razorboy
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Postby razorboy » Thu Jun 11, 2009 1:55 pm

geez don't you know that some means less than four or less........some people
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