The 3 bar is a confirmation break out or breakdown..so you can
take short and look for confirmation later but it's really not as
relevant here. Understand?
Ah, I think I am mixed up. SPX is not backtesting the first
break of this trendline - it had already broken it then regained it
once. So, as Rosanna Rosannadana would say, never mind!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The 3 bar is a
Steve: attached is a 2-hr SPX chart. Where I have ...
Posted by steve on 2nd of Apr 2015 at 01:26 pm
The 3 bar is a confirmation break out or breakdown..so you can take short and look for confirmation later but it's really not as relevant here. Understand?
I think so - because
Posted by frtaylor on 2nd of Apr 2015 at 01:32 pm
I think so - because it's been too long since the original breakout for this to be the backtest.
Roger..I'm not following your last
Posted by steve on 2nd of Apr 2015 at 01:39 pm
Roger..I'm not following your last statement..post and chart with comments displaying what exactly you mean. Backtest's are not limited by time.
Roger..I'm not following your last
Posted by steve on 2nd of Apr 2015 at 01:39 pm
Roger..I'm not following your last statement..post and chart with comments displaying what exactly you mean. Backtest's are not limited by time.
Ah, I think I am
Posted by frtaylor on 2nd of Apr 2015 at 01:46 pm
Ah, I think I am mixed up. SPX is not backtesting the first break of this trendline - it had already broken it then regained it once. So, as Rosanna Rosannadana would say, never mind!