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Lesson 7
Posted: Tue Oct 21, 2008 10:30 am
by Trader Question
I AM ONE OF YOUR P&L STUDENTS, MY QUESTION IS IN LESSON 7 SP M8-60MIN THERE'S AN EXPLANATION OF VISIBLE 5/9 DOWN AT THE POINT AT THE DAILY 5/2 DOWN OUTSIDE THE DAILY ENVELOPE TOP, NOW I DON'T SEE THE 5/2 DOWN ON YOUR LAY OUT EXAMPLE OR I MIGHT PROBABLY MISLOOKED OR MISUNDERSTOOD WHEN I READ IT, WOULD YOU BE ABLE TO EXPLAIN IT TO ME? THANK YOU......IT IS ON SCREEN 26 OF 64.....OF LESSON 7
Re: Lesson 7
Posted: Tue Oct 21, 2008 10:45 am
by pldot
I agree that it is not all that wildly clear...
The daily 5/2 down is not shown but from the previous screen you can see that it would fall at a little more than 1120. The 60 min 5/9 is much easier to see although we do not have it marked.
Re: Lesson 7
Posted: Tue Oct 21, 2008 10:47 am
by Trader Question
MY QUESTION IS IN THE SCREEN 50 OF 64 IF YOU CLICK ON UNDER PRICE BAR A, I UNDERSTAND THAT THERE WAS A PREVIOUS 5/9 DOWN HOLDING, BUT IF YOU GO TO HTP WHERE IT SAYS "NOTE THAT THE MONTHLY PLDOT IS AT WEEKLY 5/9 UP, IS THIS 5/9 UP RIGHT AFTER THE PREVIOUS 5/9 DOWN?
Re: Lesson 7
Posted: Tue Oct 21, 2008 10:48 am
by pldot
On lesson 7 screen 50/64:
That weekly 5/9 up referred to would be the weekly 5/9 up formed by the high of bar 2 and the low of bar 3 terminating at the bottom of bar A on the weekly chart.
The date and prices axis on these charts is a bit small and hard to read...