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Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods
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 Post subject: Chapter 1 DOK
PostPosted: Sat Aug 24, 2013 6:07 pm 
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Joined: Fri Aug 23, 2013 1:41 am
Posts: 5
WRB Definition:

Wide Range Body is an interval that has a body with a price area larger than the bodies of each of the prior three intervals

WRB Hidden GAP Definition:

Is a WRB in which the single interval before the WRB and single interval after the WRB do not overlap. Therefore, the interval before the WRB and the interval after the WRB did not share a single tick price.

If after getting a WRB Hidden Gap and prices later completely retraces through the hidden WRB gap area, the WRB Hidden Gap has been filled by the retracing price action.

WRB Hidden GAP Importance:

WRB Hidden GAPs identifies areas where an important change in supply/demand has occurred.

If there are no WRB Hidden GAPs present the price action is most likely consolidating and/or in a
low volatility trading range being traded by none important market participants. The lack of WRB Hidden GAPs (unfilled) is telling you to not trade.

To qualify a WRB Hidden GAP as a WRB Zone (not shown on chart), we must review the price action definitions in tutorial chapter 2 involving swing points and strong continuation definitions in their reactions to a key market event. Therefore, although all WRB Hidden GAPs contain key information about market participants...only a few of the WRB Hidden GAPs may qualify as a WRB Zone (key change in supply/demand).

Chart Explaination: WRBs labeled with green arrows and WRB Hidden GAPs labeled with red arrows.
Attachment:
rwbil-DOK-Chapter-1.png
rwbil-DOK-Chapter-1.png [ 481.73 KiB | Viewed 903 times ]


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 Post subject: Re: Chapter 1 DOK
PostPosted: Sun Aug 25, 2013 9:27 am 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3273
Location: Canada
Hi,

Thanks for the excellent tutorial chapter 1 DOK. I hope you notice the number of Down (red) WRB Hidden GAPs between the number of Up (green) WRBs...notice the influence those increasing WRB Hidden GAPs had on the overall price direction. Its something not discussed in the tutorial chapters but it is something important to remember about the change in volatility and the change in supply/demand.

Regards,
M.A. Perry


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