AI
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| Alias Born | 09/17/2010 |
Monday, December 13, 2010 3:07:18 PM
Double Low- Higher Close Bars
This is from a much older chart but it helps to get the point across. This is one of my favorite trading setups. I look for DBLHC bars all the time on daily and 3 hr charts. What made this trade perfect was that it occurred right at the fib retracement line. The time to go long was when the second bar broke above the first. You can see a doji formed at the peak of the trend, which would indicate a time to take profits. These set-ups are golden. Don't miss em.
This is from a much older chart but it helps to get the point across. This is one of my favorite trading setups. I look for DBLHC bars all the time on daily and 3 hr charts. What made this trade perfect was that it occurred right at the fib retracement line. The time to go long was when the second bar broke above the first. You can see a doji formed at the peak of the trend, which would indicate a time to take profits. These set-ups are golden. Don't miss em.
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