Seems like i got this one in just after the bell! Anyone else with an opinion on the DT he describes? Appreciate the input... mark1 maybe? Enjoy your vacation Anek!
Why would I know where it's at? I've read every post on this thread so I know it's here -- but I'd have to do the same work as you and search for it.... Now, I have been cut-n-pasting notes from this thread ... here's is a quote from Anek... this will give you some text to search for... But seriously, read this entire thread from the start -- you won't regret the time you spend doing it!
I can't point you to a post where Anek tells you how he defines a DT, but I have noticed that he will frequently call a DT where the second top is much lower than the first top. I don't think it really matters if you call it a double top or a lower high and use the low in between the 2 highs (or tops) as confirmation.
Yeah, his double tops looked more like 1-2-3 reversal patterns to me. Not that they aren't good nonetheless. http://www.trading-naked.com/123-reversal.htm
After a pullback, a tick or two above/below last swing high/low. Essentially the stop is such that it will break the current HH/HL (uptrend) or LH/LL (downtrend).