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Get Rich or Be Dead - Question
Posted: Tue Sep 25, 2007 11:38 pm
by casinoman
Suppose that you would be immediately executed if you refused to take a positional stand for the next upcoming candle and you had to commit every last dollar to your name to the trade. What position would you take?
Shortest time period chart:
Longer time period chart:
Posted: Wed Sep 26, 2007 12:58 am
by TheRumpledOne
Long.
Posted: Wed Sep 26, 2007 2:02 am
by casinoman
What a coincidence, I'd be going long too!
Bet we got to same conclusion with different logic.
Posted: Wed Sep 26, 2007 4:09 am
by TheRumpledOne
Higher Lows means UPTREND.
I also see higher highs.
Bottom Tail on last candle of longer period.
Posted: Wed Sep 26, 2007 4:29 am
by casinoman
Open of new candle will be lower than current middle - long.
The trick to this is I never said that you had to stay in the position for any period of time or price change - that is the option - the out.