One is Not a Trend

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scar
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Postby scar » Tue Feb 07, 2012 12:59 am

And no, I didn't take the time to figure out the text / post links! That would have required me to be thinking... :oops:

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newscalper
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Postby newscalper » Tue Feb 07, 2012 10:05 am

I thought I understood this but when you give it more than a cursory glance it becomes less clear.

Image

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newscalper
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Postby newscalper » Tue Feb 07, 2012 4:45 pm

Was my analysis wrong here?

Image

I know it's about comparisons and I see the up red bar is a bit smaller than the down red bar but also there's the down blue bar then the up green bar, which means up?

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prochargedmopar
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Postby prochargedmopar » Tue Feb 07, 2012 6:58 pm

newscalper wrote:Was my analysis wrong here?

Image

I know it's about comparisons and I see the up red bar is a bit smaller than the down red bar but also there's the down blue bar then the up green bar, which means up?


If/then baby!

"Its what U do when your wrong that counts" Head Investment strategist O.T.A
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Postby MightyOne » Tue Feb 07, 2012 7:56 pm

newscalper wrote:Was my analysis wrong here?

Image

I know it's about comparisons and I see the up red bar is a bit smaller than the down red bar but also there's the down blue bar then the up green bar, which means up?



The question is not what an up or down blip on a chart means...
the question is always Position/Space, IF/THEN, & what can I do with what remains.


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newscalper
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Postby newscalper » Tue Feb 07, 2012 8:50 pm

I got out as soon as there was a meaningful close below, which in this case was quite a large H4 bar

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