Thank you for the detailed explanation Wi!son . . . Prof thank you for the additional examples on pf bars . . . I believe I understand it better . . . it's a simple system, but not easy . . . you have to pay very careful attention to all the rules . . . NO SKIMPING and half-ass understanding . . .
Why exactly was the bar marked in Orange and black line not the first PF bar and signal to short?. Wilson, Prof, anybody. TIA. JW
According to Wi!lson's explanation, it is, if I've understood it correctly (this is a test ) but actual trade happens when 766.25/766.50 is broken to the downside (confirmation of price failure . . .) I don't know if Prof just put the arrow in the wrong place by mistake . . .
Prof waited until the 2401 histo turned black, then looked for a pf to enter. Although I can't speak for him, it is obvious to me he is pointing to the pf, not the confirmation bar where he entered. My previous posts showed a confirmation bar below the HL with a subsequent entry. Your orange square was a pf but but not THE pf. Again, you are shorting when the market is making higher highs. Where Prof and I short, the market is clearly making lower lows and lower highs (pf). Below is the way I understand pf's, the more important lesson is when to use them. Since Prof's image is now public I suppose, this is the one I have on my office wall.
Thanks Wilson. But now I'm really confused. How can we see such different things?. Look at this pic. I insist so much, because I want to tell a computer what to "see". JW