Replies to post #9504 on The Friendly Money Making Board

[dart1961]

Now I'll buy this! I'm trading in America for now myself and have found these to work best for me, that's all!
WTG! Cowboy and never forget "We shall see what we shall see"

Posted by: Cowboy
In reply to: asus who wrote msg# 9503 Date:11/17/2006 8:03:15 AM
Post #of 9683

asus I like to follow the Japanese Candle Stick theory. They refer to gaps as windows and they also note that a gap is formed when the trading extreme of one day does not over lap the trading extreme of the previous day. This implies that the wicks are included since they indicate the range of trading for the day.

Here in America we consider the gap to be between the opening price of one day verses the closing price of the previous day. This implies that the wicks are not considered in our gap process.

In Japanese Charting its called closing the windor whereas in America its called filling the gap.

So in conclusion you see where I was in my fight concerning the PBLS rage and what actually happened.

I guess the bottom line is while in America do as Americans do and when in Japan do as the Japanese do...lol

[asus]

I'm just getting around to reading this board some. I guess you can say I've been preoccupied on another board.

Thanks for clearing up the gap debate both you guys..

Ok, coffee break is over, back on my head.