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razorboy
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Postby razorboy » Wed Jun 10, 2009 6:10 pm

Looking for corrections in the down trend now.........

maybe that mighty guy was on to something........ (price kept falling..........)

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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 10, 2009 7:33 pm

Hey razorboy... would you please explain exactly what you are doing?

Step by step.

Thanks
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TheRumpledOne
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Postby TheRumpledOne » Wed Jun 10, 2009 7:34 pm

Hey razorboy... would you please explain exactly what you are doing?

Step by step.

Thanks
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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........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



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

doesnt look like it will turn to a reversal............big correction.......
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



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

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

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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
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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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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