At 2:29, the 2nd example: Would the 2nd candle be a swing low, and the 7th candle be a swing high? If you assume the candle off screen to the left is higher, than it's likely that the 2nd cancel satisfies the swing low condition, no? The candles on the right, candle 7 is surrounded by 2 candles on either side with lower highs. Isn't there something that says that you need a cancel to break a high to confirm a swing low? What these are describing are fractal properties. Please clarify?
Hi Randy Thanks for your interest and please find below answer to all your questions: - Would the 2nd candle be a swing low, and the 7th candle be a swing high? On the right side chart, the 2nd candle from the left cannot be a SL as its trough is not lower than the 2 candles before and after that. If you assume that its its trough lower that surrounding +- 2 candles, then it will be a simple standard SL. On the right side chart, the 7th candle's peak seems to be identical to the surrounding candles but if you recognize its peak is higher than the 2 candles before and after that, it will be a simple standard SH and not a Complex Non-Standard SH. - What these are describing are fractal properties? That is right and it is the same concept. We define each fractal as SH or SL and developed lessons/drills for traders to recognize them when they are complex or non-standard.
Hi Behnam, The focus of this workshop is to train traders to identify the price turning points (SH & SL). Then with this knowledge, the traders will be able to understand the concept of patterns in Workshop 5 and will see the formation of the HH, HL, LH, LL in the Workshops 5 to 9.
Excellent video
thanks
thanks for your attention
At 2:29, the 2nd example: Would the 2nd candle be a swing low, and the 7th candle be a swing high? If you assume the candle off screen to the left is higher, than it's likely that the 2nd cancel satisfies the swing low condition, no? The candles on the right, candle 7 is surrounded by 2 candles on either side with lower highs. Isn't there something that says that you need a cancel to break a high to confirm a swing low? What these are describing are fractal properties. Please clarify?
Hi Randy
Thanks for your interest and please find below answer to all your questions:
- Would the 2nd candle be a swing low, and the 7th candle be a swing high? On the right side chart, the 2nd candle from the left cannot be a SL as its trough is not lower than the 2 candles before and after that. If you assume that its its trough lower that surrounding +- 2 candles, then it will be a simple standard SL.
On the right side chart, the 7th candle's peak seems to be identical to the surrounding candles but if you recognize its peak is higher than the 2 candles before and after that, it will be a simple standard SH and not a Complex Non-Standard SH.
- What these are describing are fractal properties? That is right and it is the same concept. We define each fractal as SH or SL and developed lessons/drills for traders to recognize them when they are complex or non-standard.
loving the presentation and the drills. Thank you!!
Welcome and thanks Millie for your comment and happy to hear that you like them!!
Thank you so much for the content can you please compare or relate hh hl lh ll with sh sl
Hi Behnam,
The focus of this workshop is to train traders to identify the price turning points (SH & SL). Then with this knowledge, the traders will be able to understand the concept of patterns in Workshop 5 and will see the formation of the HH, HL, LH, LL in the Workshops 5 to 9.
Very simple. My goodness
thank you, your video is very helpful.
You are welcome!
¡Great lesson!
Thanks.
Thanks
your welcome
❤