08-05-2008, 12:27 AM
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Status: Super Moderator Join Date: Aug 2006 Location: Tokyo Thanks: 545
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| Charts from 8/5/08
Nikkei chart from today. Again... reversal type strategy as I mainly trade reversals.
Arrows indicate rejection patterns.... I am using formula on a 5min timeframe:
Close(@)[-1] > Low(@)[-1] AND High(@) > High(@)[-1] AND Abs(open@ - close@) < High(@) - Close(@) AND Close(@)[-1] > Close(@)[-2] AND Close(@)[-2] > Open(@)[-2]
Note, I am only using this as a visual reference for rejection patterns in combination with support and resistance levels. (yes I know... I am a horrible coder) 
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