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balllightning
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Futures I Trade Show & Brooks Book
balllightning replied to brownsfan019's topic in The Candlestick Corner
Hi, Have a question that I was hoping some of you experts here can help me with. =) In Al's book, he states that a H1 is a bar with a higer high than the previous bar, in a pull back in a bull trend. However, many a time i see that he also counts L1's and L2's even when the candles are moving steadily upwards. What am I missing here ? Also, Upon identifying a H1, if lets say the market continues to drop lower, when do you void this H1 count and determine that the trend has changed? When do you go from counting a H2, and then deciding that the next instance is a H1? Thanks for any help =) -
Futures I Trade Show & Brooks Book
balllightning replied to brownsfan019's topic in The Candlestick Corner
Hi, I am new to this forum and would like to say that this forum has been very informative and engaging. Am struggling with Al's book but I hope that I can hunker down and get through it. Reading the posts here really do help. Thanks