I just adjusted my Japanese fan and I expect a move in the hours to come to 203.83.
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Think Outside the Box 26 replies
DislikedAlso your decision lines go from high to high and low to low.Ignored
DislikedWhen your two candles are picked out, the first step is to draw a line from the high of the first candle to the low of the second candle, and from the low of the first candle to the high of the second.
These two lines have predictive value that not a lot of people would see. These first two lines I call the ‘decision’ lines,...
I need clarification on this, once and for all.
Here is how things unfolded on the last chart I posted:
DislikedIf this is so, then it conflicts what you stated in your first explanation in the drawing of the lines:Ignored
I'm sorry my friend. You are right, my mistake here.
When drawing a japanese fan you first pick out two candles. Then draw a line from the high of the first candle to the high of the second candle. Then do the same with the two lows. These first two lines are our decision lines. If we get a close past one of the first two lines then trade to the target line. You are drawing the target lines correctly; from high to low and low to high and then moving them. I'm really sorry for the confusion. The moderator of this forum has taken away my ability to edit my posts, so that misinformation is stuck there.
Thanks for posting the results of yesterdays action.Ignored
DislikedI'm sorry Scotty, but your answers are really confusing me now.
If I look at your chart setup examples for the Japanese fan on post #43, then see your answer to Southernmind on post #103, compare this answer to your chart on post #106, then I'm lost.....
Because you cannot edit old posts anymore, it would be very helpful if you could do a new explanation, like post #43, with chart examples of the setup. This would enlighten things very much. Thank you.Ignored
Dislikedjust check your video. excellent always.
i thought you were an old kind man from your avata.
until today ....wow that is the google man.
DislikedOn post 106 I only have the sell decision line and the sell target line drawn. The green line on that chart was the price action indicated retracement level.
So only half the fan is there on 106.
Here is a video I just made explaining the Japanese fan. Sorry for the poor quality, but I think everyone will get the idea. Please accept my apology for all the confusion.
Here you kids go: