ocean5
Registered: Feb 2012
Posts: 934 |
07-17-12 06:29 AM
Could anyone explain this(in red) in other words?I dont get anything.
"Every internal except the lateral.
Both boxes are made into one bar, respectively.
This means for trading, you only have translating bars.
At this level of PA trading you fail to have a leading indicator, so insted of lagging, you switch to a leading indicator.
By doing this, then you have advance warning from volume what is going to happen in price.
Price teaches what to throw out in volume.
As you would see if you had the clue to set up a screen to watch markets, All bars begin with a red box bounding them.
A second bar with a red box surrounding it is thrown out.
If you are an efective and efficient trader, you cut back on observations during a bar up to and including all the time that the bar is NOT important. While this is going on you sweep your eyes to follow (what the charts I used to illustrate how my eyes sweep) the values where trend segments will be ending. These are other leading indicator pics that you hang on your display.''
http://www.elitetrader.com/vb/showt...&pagenumber=174
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