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Trade what you see NOT what you expect

  • #24,881
  • Sep 1, 2009 12:40am Sep 1, 2009 12:40am
Can we say we have DBHLC on EJ pair on the 1hr Chart?
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #24,882
  • Sep 1, 2009 12:44am Sep 1, 2009 12:44am
Quoting ejiexe

DBHLC (DOUBLE HIGH/LOWER CLOSE)

• Double highs
• Bar 2 closes lower than bar 1’s low

• Direction is down

Must this hold before we say we have DBHLC
The second one should read, Bar 2 closes lower than bar 1's close, not low. As EO has said, that would make it a bearing engulfing not a DBHLC
  • #24,883
  • Sep 1, 2009 12:47am Sep 1, 2009 12:47am
Quoting ejiexe
Can we say we have DBHLC on EJ pair on the 1hr Chart?
On my chart, and looks like yours is the same, I can't see a double high?
  • #24,884
  • Sep 1, 2009 1:08am Sep 1, 2009 1:08am
Quoting ejiexe

DBHLC (DOUBLE HIGH/LOWER CLOSE)


• Double highs
• Bar 2 closes lower than bar 1’s low

• Direction is down

Must this hold before we say we have DBHLC

This has been posted at least 15 times 6 times yesterday..
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Click to Enlarge Name: DBLHC.jpg Size: 144 KB
Good Trading To All ; Ken Lee
  • #24,885
  • Sep 1, 2009 1:13am Sep 1, 2009 1:13am
good morning all
  • #24,886
  • Sep 1, 2009 1:21am Sep 1, 2009 1:21am
morning mate
'The past will always show us the future'
  • #24,887
  • Sep 1, 2009 1:44am Sep 1, 2009 1:44am
Quoting terje
morning mate
Hey guys, bring it on
  • #24,888
  • Sep 1, 2009 1:48am Sep 1, 2009 1:48am
Quoting KENNETH lEE
This has been posted at least 15 times 6 times yesterday..

Confussion on this issues even between old members

Look @ what Luckylady posted

"The second one should read, Bar 2 closes lower than bar 1's close, not low. As EO has said, that would make it a bearing engulfing not a DBHLC"

Is also difference from yours and that is what is confussing. I now know ingulfing candle and DBHLC after lucklady but you now call engulfing DBHLC again on your chart
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #24,889
  • Sep 1, 2009 2:03am Sep 1, 2009 2:03am
Quoting ejiexe
Confussion on this issues even between old members

Look @ what Luckylady posted

"The second one should read, Bar 2 closes lower than bar 1's close, not low. As EO has said, that would make it a bearing engulfing not a DBHLC"

Is also difference from yours and that is what is confussing. I now know ingulfing candle and DBHLC after lucklady but you now call engulfing DBHLC again on your chart
http://cdn.forexfactory.com/nfs/cust...tar68545_5.gifeohater
"One for all, and all for one"
Member Since May 2008
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Quote:
Originally Posted by ejiexe http://cdn.forexfactory.com/images/buttons/viewpost.gif
I am new to this thread but I must confess it is superb. I personallly like PA, candle formation and SR.

I want to make a clearification on DBHLC/DBLHC.
for example, if we have DBHLC just like the one EO explain on the last post, must the close of the second candle close below the low of the previous or close below the open of the previous candle or any of them before we call it a DBHLC?

Thank you

Welcome to the thread! Glad your enjoying it, I know we do!

To answer your question, no the close of the 2nd candle does not have to close below the low the previous candle or it's opening price. That would be called bearish engulfing without regard to highs. This formation you regard is a bearish formation though with power for continuation.
Good Trading To All ; Ken Lee
  • #24,890
  • Sep 1, 2009 2:10am Sep 1, 2009 2:10am
Quoting ejiexe
Confussion on this issues even between old members

Look @ what Luckylady posted

"The second one should read, Bar 2 closes lower than bar 1's close, not low. As EO has said, that would make it a bearing engulfing not a DBHLC"

Is also difference from yours and that is what is confussing. I now know ingulfing candle and DBHLC after lucklady but you now call engulfing DBHLC again on your chart
I have seen on the James16 thread that a DBHLC/DBLHC has to have the close of the 2nd bar outside the first, rather than just higher/lower close, though if you look at the diagram on the right which Ken posted, the close of the second is not outside the first bar.

Its all though just a guide to PA afterall, and to give you the feel of market sentiment, so I wouldn't like to be too technical over things.

If I was, I wouldn't have taken the one I did earlier posted below, which is still going.
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  • #24,891
  • Sep 1, 2009 2:16am Sep 1, 2009 2:16am
Quoting luckylady
I have seen on the James16 thread that a DBHLC/DBLHC has to have the close of the 2nd bar outside the first, rather than just higher/lower close, though if you look at the diagram on the right which Ken posted, the close of the second is not outside the first bar.

Its all though just a guide to PA afterall, and to give you the feel of market sentiment, so I wouldn't like to be too technical over things.

If I was, I wouldn't have taken the one I did earlier posted below, which is still going.

Those diagrams Came from James at J16 thread.
Good Trading To All ; Ken Lee
  • #24,892
  • Sep 1, 2009 2:19am Sep 1, 2009 2:19am
Quoting KENNETH lEE
Those diagrams Came from James at J16 thread.
Yes I've seen them, but people that post in the thread are saying something else. If you put DBHLC into google the first link goes here: http://www.forexfactory.com/showthre...=2331&page=307 which is where I think the confusion is coming in.
  • #24,893
  • Sep 1, 2009 2:36am Sep 1, 2009 2:36am
Quoting luckylady
Yes I've seen them, but people that post in the thread are saying something else. If you put DBHLC into google the first link goes here: http://www.forexfactory.com/showthre...=2331&page=307 which is where I think the confusion is coming in.

Like you said it is just a easy way to show some PA that is happening it could also be a Harami, or inside bar, It is mainlly showing a close above the low of the previous candle That candle being red closed at the bottom this one green closed at the top. So Higher Close The HC in DBLHC.. I think we have beat this horse to death.. LOL
Good Trading To All ; Ken Lee
  • #24,894
  • Sep 1, 2009 2:42am Sep 1, 2009 2:42am
Quoting KENNETH lEE
Like you said it is just a easy way to show some PA that is happening it could also be a Harami, or inside bar, It is mainlly showing a close above the low of the previous candle That candle being red closed at the bottom this one green closed at the top. So Higher Close The HC in DBLHC.. I think we have beat this horse to death.. LOL
We certainly have
  • #24,895
  • Sep 1, 2009 2:45am Sep 1, 2009 2:45am
Hi EO,

sorry for the confusion.

The setup was mentioned in the subject.

It's in regard to DBHLC or DBLHC.

Does there have to be a decent move before taking such setup? Because otherwise there are plenty of IB's around the edges of ranges.

Is there a certain time span or pip move before you consider a opposite setup?

What about time of the day and within ranges (Asia)?


tdeu

Quoting eohater
I don't know which setup your talking about....
  • #24,896
  • Sep 1, 2009 6:12am Sep 1, 2009 6:12am
Quote

DBHLC (DOUBLE HIGH/LOWER CLOSE)

• Double highs
• Bar 2 closes lower than bar 1’s low

• Direction is down

Must this hold before we say we have DBHLC

ejiexe, EO uses a different definition of DBHLC, In his pa style it the second candle only has to close lower than the previous. In a way it is almost just a double high.

I was confused for a while too coz to me a DBHLC meant double high lower close meaning the second candle would have to close lower than the first candle's close.

Eo's trading style is slightly different. Now that you know what he means when he says DBHLC you can look for a 2 candle formation where the second candle is bearish.

If it does close lower I would think it is like extra confirmation.
  • #24,897
  • Sep 1, 2009 7:21am Sep 1, 2009 7:21am
Good morning world looks like that broken neckline at 16350 showin nice resistance.
  • #24,898
  • Sep 1, 2009 7:26am Sep 1, 2009 7:26am
See what this morning brings
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  • #24,899
  • Sep 1, 2009 7:33am Sep 1, 2009 7:33am
My 4hr closed 1/2hr ago as a dbhlc my 1hr closed as a dblhc conflict of interest lol!!
  • #24,900
  • Sep 1, 2009 7:34am Sep 1, 2009 7:34am
Good Afternoon all
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