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PureBytes Links
Trading Reference Links
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ok tomasz whilst your on a roll are u familar with Darryl Guppys count back
line ?
Entry is applied by drawing a line towards the left form the high of the bar
with the lowest low.
The 1st bar that the line hits is used to set up the 2nd line to the left by
starting from the high again.
>From the next bar in the sequence a line is drawn from the high to the
right.
A close at this level indicates an enrty point ..
the reverse procedure from the enrty is used to caculate the cbl exit .. the
cbl is recaculated daily to provide a new exit eveytime a new high is made
...referred to as a moving stop loss..
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