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zonetrader

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  1. 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
  2. I've got a question for Al or anyone in the forum. Does anyone know what rules reset the count for H1's and L1's besides a numbered H4 or L4? Al has talked about how to mark the H1's to H4's and L1's to L4's in his seminars, articles, and book. But I've yet to see an explanation, or maybe I missed it, of what starts the count over except a numbered H4 and a L4. I must be a little slow, but I have been studying numerous charts and can not determine what rules consistently reset the count over. I understand that a High (H1) occurs in a down or sideways leg of a bull move and it is the first bar with a high above that of the prior bar, and is marked as an H1. If there is then a high that is lower than the prior bar, the next occurrence of a Higher High is a High 2, and so on for H3's, and H4's when the count is reset set to H1. The rules are the opposite for a Low (L1). It occurs in an up or sideways leg of a bear move and is the first bar with a low below that of the prior bar is marked as an L1. Then if there is a low that is higher than the prior bar, the next occurrence of a Lower Low is a Low 2 and so on for L3's, and L4's when the count is reset to L1. Until I read page 120 I have been numbering H's until there was a close above the high of the last marked H bar, and I thought this reset the count to a new H1, (or there was a numbered H4 which restarted the count over again). I have been numbering L's until there was a close below the low of the last marked L bar, and I thought this reset the count to a new L1, (or there was a numbered L4, which restarted the count over again). What restarts the count over again for both an H1 and L1 if you do not have an H4 or an L4? I keep looking at figure 4.16 on page 120 of Al's book, and my H and L numbering system was incorrect. Why did the L count continue with a L3 and L4 after the 052808 12:20 L2? Why did the L count reset to an L1 after the 052908 7:30 L1? Since properly numbering H's and L's is critical to understanding Al's Price Action analysis I would so much appreciate anyone's help with this issue.
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