Lesson 4

Trader Question · Post by **Trader Question** » Thu Oct 30, 2008 8:24 am

lesson 4 screen 14 Y3

Why not a 5/3 down with a 5/2 up?

RS

pldot · Post by **pldot** » Thu Oct 30, 2008 8:24 am

There is a 5-3 down but it has no relevance as it does not locate near support....

Trader Question · Post by **Trader Question** » Thu Oct 30, 2008 8:24 am

Lesson 4 Screen 14 Y3

Where exactly did he buy?

RS

pldot · Post by **pldot** » Thu Oct 30, 2008 8:26 am

Text does not say where he bought here, but a reasonable place to buy here would be shown on the attached; the close of weither of those two bars could be justified as a buy, since support had been demonstrated.

Trader Question · Post by **Trader Question** » Thu Oct 30, 2008 8:27 am

Lesson 4 Sect 1 Screen 14 Y1

I also see a 11 up is that true?

RS

pldot · Post by **pldot** » Thu Oct 30, 2008 8:27 am

Yes, there would be 1-1's throughout, though they are not charted here on these illustrations. Much more on 1-1's in Lessons 6-7.

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