Skyhr,
"1) On the double high lower close / double low higher close, what do you mean by lower /higher close - 2nd bar's close is lower than the 1st bar's close, or lower than 1st bar's low?
In the pictures, it looks like double high lower close is where 2nd bar's close is lower than 1st bar's close. Vice versa for double low higher close."
Double bar low, and close is higher than the HIGH.
Double bar high, and close is lower than the LOW.
...just think of the significance of the price taking out/beating the previous bar and staying that way as the bar closes.
"2) On pinochio bars, what did James mean by "3rd bar can't take out 1st bar by a tick or two" It looks like the nose (protrustion) is a doji on candlestick, and then I have no idea what the eyes (1st and 3rd bars) are supposed to be like...
Does it mean that the 3rd bar's close is within the 1st bar's range? Sorry, but the pictures on this one isn't clearing it up for me much."
I'm confused with where you got that from?? ... but the 3rd bar does NOT have to close within the 1st bar's range at all.
Maybe someone else will read your question better than me. Sorry. LOL
"1) On the double high lower close / double low higher close, what do you mean by lower /higher close - 2nd bar's close is lower than the 1st bar's close, or lower than 1st bar's low?
In the pictures, it looks like double high lower close is where 2nd bar's close is lower than 1st bar's close. Vice versa for double low higher close."
Double bar low, and close is higher than the HIGH.
Double bar high, and close is lower than the LOW.
...just think of the significance of the price taking out/beating the previous bar and staying that way as the bar closes.
"2) On pinochio bars, what did James mean by "3rd bar can't take out 1st bar by a tick or two" It looks like the nose (protrustion) is a doji on candlestick, and then I have no idea what the eyes (1st and 3rd bars) are supposed to be like...
Does it mean that the 3rd bar's close is within the 1st bar's range? Sorry, but the pictures on this one isn't clearing it up for me much."
I'm confused with where you got that from?? ... but the 3rd bar does NOT have to close within the 1st bar's range at all.
Maybe someone else will read your question better than me. Sorry. LOL
Bundy's status today: "Waiting..."