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balllightning
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Posts posted by balllightning
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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
Futures I Trade Show & Brooks Book
in The Candlestick Corner
Posted
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 =)