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MightyOne
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Postby MightyOne » Tue Sep 13, 2011 5:47 pm

Every 10 price is a box...

you are playing with my emotions ;)

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PebbleTrader
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Postby PebbleTrader » Tue Sep 13, 2011 6:01 pm

"you are playing with my emotions" :P

This is driving me mad and making me feel insanely stupid :D

I think we were posting at the same time and there were several posts that just popped up.

"So price is falling: OOOO
It rallies 10: X
You still have: OOOO
It rallies another 10: OOOOXX
Another 10: OOOOXXX
Declines 10: OOOOXXX
Declines another 10: OOOOXXXOO "


"That is why you see FOUR BIG BLACK X's to 8810! " In the above example (Another 10: OOOOXXX) you only drew THREE X's to 8810!? :?: Is it 3 or 4, on the move to 8810?

MO, I am VERY VISUAL LEARNER!, Words just confuse me :)
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PebbleTrader
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Postby PebbleTrader » Tue Sep 13, 2011 6:11 pm

2nd try at graphing the example:

http://i54.tinypic.com/16m7e60.jpg

Explanation:

Where MO marked the first black "x"'s 8810 to 8820 was not a large enough move to reverse, it needed to hit 8830.

Where MO marked the last red "x"'s at 8800 to 8790 was not a large enough move to reverse, it needed to hit 8780 in order to draw in 2 red "x"'s.
Last edited by PebbleTrader on Tue Sep 13, 2011 6:13 pm, edited 1 time in total.
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Jalarupa
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Postby Jalarupa » Tue Sep 13, 2011 6:12 pm

PebbleTrader wrote:2nd try at graphing the example:

http://i54.tinypic.com/16m7e60.jpg


That makes more sense to me... :P

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MightyOne
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Postby MightyOne » Tue Sep 13, 2011 6:13 pm

PebbleTrader wrote:"you are playing with my emotions" :P

This is driving me mad and making me feel insanely stupid :D

I think we were posting at the same time and there were several posts that just popped up.

"So price is falling: OOOO
It rallies 10: X
You still have: OOOO
It rallies another 10: OOOOXX
Another 10: OOOOXXX
Declines 10: OOOOXXX
Declines another 10: OOOOXXXOO "


"That is why you see FOUR BIG BLACK X's to 8810! " In the above example (Another 10: OOOOXXX) you only drew THREE X's to 8810!? :?: Is it 3 or 4, on the move to 8810?

MO, I am VERY VISUAL LEARNER!, Words just confuse me :)


That example had nothing to do with the chart.

I was just trying to explain how the chart is drawn.

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PebbleTrader
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Postby PebbleTrader » Tue Sep 13, 2011 6:29 pm

Based on that explanation I'd go with my 2nd try on the graph paper, but you said it was supposed to have 4 black "X"'s, so I'm still scratching my head. #-o
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Jalarupa
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Postby Jalarupa » Tue Sep 13, 2011 6:33 pm

PebbleTrader wrote:Based on that explanation I'd go with my 2nd try on the graph paper, but you said it was supposed to have 4 black "X"'s, so I'm still scratching my head. #-o


O
OX - (This area was breached)
OX
OX
OX
O

Like so... I think...

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PebbleTrader
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Postby PebbleTrader » Tue Sep 13, 2011 6:37 pm

"O
OX - (This area was breached)
OX
OX
OX
O

Like so... I think..."

I don't think "breached" counts, a box HAS TO BE FILLED.

I'm wondering if MO just meant the 4 black "X"s he drew on his example, but if you drew that on a PnF graph paper, it would just be 3 black "X"s
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Jalarupa
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Postby Jalarupa » Tue Sep 13, 2011 6:39 pm

PebbleTrader wrote:"O
OX - (This area was breached)
OX
OX
OX
O

Like so... I think..."

I don't think "breached" counts, a box HAS TO BE FILLED.

I'm wondering if MO just meant the 4 black "X"s he drew on his example, but if you drew that on a PnF graph paper, it would just be 3 black "X"s


But MO places his X's on the lines...

[edit] no, never the mind... MO's text example isn't based on the chart... eish... Sorry for confusing you, you are right PT.

1992 DREAM TEAM
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Postby 1992 DREAM TEAM » Tue Sep 13, 2011 8:32 pm

.
Last edited by 1992 DREAM TEAM on Wed Dec 13, 2017 5:45 pm, edited 1 time in total.

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