[zonetrader]

Hey Guys,

Just read Jolee's post about trial Camtasia software.

Here is a link to recording software I use to record my screen, and sound. It's not a trial and it's free. It's by a company out of Britain, Blueberry Software. You can save movies as Flash (I find Flash better) or AVI. Only negative is file sizes can get big for 1 hour recording. But little snippet recordings are very small. You can share movies with one-click upload to YouTube and other video sharing sites. Best of all it's fun, easy to use, and it's free for the express version. Check it out at:

Free screen recorder - BB FlashBack Express

[forrestang]

Bleh

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[ACS]

Originally Posted by forrestang »

Bleh

......................... ............

I also saw that double top bear flag but the second entry L2 you have marked was in barb wire and I guess that is why the market came right back up above the entry before it finally went down. Funny, I think the area you have circled was the best trade of the day. The L1 is actually a L2 variant; the L1 was the red bar in between the two big green bars. If you follow the action it was a two step correction. There was also a double top pair and the market had quieted down by then. The things I didn't like were the doji signal bar and the proximity to the EMA but it did go for several points. Of course I only saw this at the end of the day when marking up the chart!

[forrestang]

Originally Posted by ACS »

I also saw that double top bear flag but the second entry L2 you have marked was in barb wire and I guess that is why the market came right back up above the entry before it finally went down. Funny, I think the area you have circled was the best trade of the day. The L1 is actually a L2 variant; the L1 was the red bar in between the two big green bars. If you follow the action it was a two step correction. There was also a double top pair and the market had quieted down by then. The things I didn't like were the doji signal bar and the proximity to the EMA but it did go for several points. Of course I only saw this at the end of the day when marking up the chart!

Funny you mention it, that DTBF interested me, but those dojis I interpreted as BW and was a bit shy to enter.

That circled area....there was definitely money there, but the expanded range of the bars with those large tails had me shy away.

I actually was thinking of that second leg down between those bars and almost marked it as such but didn't for whatever reason.

As for the High/Low Variants, do you normally consider an "up" bar that occurs in a bear as a leg? Or is that something we just do during fast moves when looking for legs? Do you know what I mean?

[szubaark]

Forest i see that "ii" H2 u have. Im having a lot of those WHIPSAW on me and turn into Outside candles followed by more indecision. I guess they only good in beginning of the trend.

[forrestang]

Originally Posted by szubaark »

Forest i see that "ii" H2 u have. Im having a lot of those WHIPSAW on me and turn into Outside candles followed by more indecision. I guess they only good in beginning of the trend.

I've been paying attention to 'ii' bars.....and if the I use the 'ii' as a signal bar, I've been trying to make sure it's at least a bar IN THE DIRECTION OF THE TRADE. So I don't consider most dojis as valid 'ii' bars.

[ACS]

Originally Posted by forrestang »

As for the High/Low Variants, do you normally consider an "up" bar that occurs in a bear as a leg? Or is that something we just do during fast moves when looking for legs? Do you know what I mean?

In the section on variations of high/low 2 setups he says "Anytime you can infer two legs, the market will likely behave as if there were two legs." If you look at a 3 minute chart from yesterday you will see the move up from 893.75 to 899.25 was a two leg correction and thus a valid L2 setup. Just an isolated bar of the opposite color without that underlying action does not qualify. At least that is my understanding.

[szubaark]

we have some nice barb wire going on now