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Getting back to the "open" notch, I've reviewed his original course with this in mind, and I note that he refers to opening prices repeatedly, particularly with regard to figure charts. He further says that one can include them on vertical charts (what we call "bar" charts) "if desired".
I never thought much about this (actually, I never thought about it at all) until sulong asked the question. So, apparently, W thought the open was important enough to mention and include in his evaluation, but not enough to mark on the vertical chart. There may be an answer in there somewhere, but it's 400p. Let's see, to whom shall I assign this project?  |
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Thanks for looking into the “open” thingy for me db.
My original thought on it was similar to Erie's – maybe geared towards investors. But as I learned more about W, I realized that he was pretty consistent with his day trading reference, which seemed to contradict the investors assumption.
The reason that the range and close only thing caught my eye to begin with, is that under my current restraints of only having the EOD information on US based markets to go on to come up with some sort of entry and exit tactics, I thought there might have been some sort of message in there I was missing.
Again, thanks to all who responded to my question.