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  • #21
  • Dec 4, 2006 8:58pm Dec 4, 2006 8:58pm
Yeah, I'll look back and post some in the next few days.


andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #22
  • Dec 4, 2006 9:01pm Dec 4, 2006 9:01pm
That would be great !! Maybe a real help for me actually !!
  • #23
  • Dec 4, 2006 9:16pm Dec 4, 2006 9:16pm
I have looked at the law of charts... that also is good stuff for me... I will start to look and learn all of that... but way more than I can handle in one night...

Where exactly does the law of charts come from ??
  • #24
  • Dec 4, 2006 9:47pm Dec 4, 2006 9:47pm
Do you mean the file or the concept?


andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #25
  • Dec 5, 2006 6:54am Dec 5, 2006 6:54am
The file...

There is clearly more chapters to that !!

I would like to read them... THX
  • #26
  • Dec 11, 2006 4:36pm Dec 11, 2006 4:36pm
Here is another 1-2-3 today on the Sterling. It's on the Euro too.
Basically, textbook 1-2-3, I usually don't like hourly, but this is an end to a retracement to me, and we will now continue upward

andersenws
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"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #27
  • Dec 11, 2006 4:37pm Dec 11, 2006 4:37pm
I forgot to say, I would have entered this after that big green bar after the 3

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #28
  • Dec 11, 2006 5:54pm Dec 11, 2006 5:54pm
thank andrew for the thread...

currently studying price action hope it'll add to my trading arsenal...

btw,does this method work on GBP/JPY?

most of the chart you post is on DAILY right?

thanks
  • #29
  • Dec 11, 2006 6:29pm Dec 11, 2006 6:29pm
It should work on any pair, but use common judgement if the pair seems like it is going into a range and not actually reversing. I use daily because it is usually a stronger, more true signal, and it allows me to keep my sanity by stepping away from the charts.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #30
  • Oct 30, 2007 9:35am Oct 30, 2007 9:35am
Quoting andersenws
Here is another 1-2-3 today on the Sterling. It's on the Euro too.
Basically, textbook 1-2-3, I usually don't like hourly, but this is an end to a retracement to me, and we will now continue upward

andersenws
i know this thread is dead but... i think this is wrong. the #2 musn't be no more than 3 bars after itself and in this chart have 4.

sorry for my poor english.
  • #31
  • Last Post: Apr 5, 2013 5:36pm Apr 5, 2013 5:36pm
Quoting giraia_br
i know this thread is dead but... i think this is wrong. the #2 musn't be no more than 3 bars after itself and in this chart have 4. sorry for my poor english.
The example is actually correct. The rules state that for a point 2 to be confirmed as part of a 123 low, it must have a lower high and lower low in either a single bar that follows or a combination of the next three bars that follow. In this case, the lower high and lower low formed in the very next bar.
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