AHG - Profitable Strategy for Struggling Traders

Discussion in 'Journals' started by Anekdoten, Jul 19, 2007.

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  1. I never got a close below the lowest point of the middle swing.

    Anek
     
    #1781     Sep 20, 2007
  2. Rn86

    Rn86

    yes, but lets have a few ideas about real life DBs - are they must have exactly equal low points? or maybe closings or a limit of maybe say 2 to 5 ticks? or maybe we should look at volume footprint and see on what level most of the trades have taken place?
     
    #1782     Sep 20, 2007
  3. Ah, so you require the confirmed close for the double top under the mid-swing and then you pursue failure if such occurs?

    ~Cx
     
    #1783     Sep 20, 2007
  4. Always.

    Anek
     
    #1784     Sep 20, 2007
  5. Ok thanks. :)

    ~Cx
     
    #1785     Sep 20, 2007
  6. Jaxon

    Jaxon

    Anek has warned several times (make that, many times) don't go by the wick alone, must have a close. This one got about as close as possible without an actual close below.
     
    #1786     Sep 20, 2007
  7. I made the mistake of not waiting for a close of the bar to go short. Lesson learned. Great thread everyone.
     
    #1787     Sep 20, 2007
  8. Jaxon

    Jaxon

    however, after a double top, we did make a LL, and now a LH, right?

    LL by .5 pt.
     
    #1788     Sep 20, 2007
  9. Yeah was referring to the failure & reversal though :) :) .
     
    #1789     Sep 20, 2007
  10. Jaxon

    Jaxon

    I see, so it also doesn't "count" as a failure because there was no close below the earlier low. No position to reverse. I get it.
     
    #1790     Sep 20, 2007
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