TheStrategyLab.com Price Action Trading Support Forum

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. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: DOK Chapter 1
PostPosted: Mon Feb 18, 2019 4:54 pm 
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Joined: Sun Feb 17, 2019 4:56 am
Posts: 11
Hi Mark,

This is my DOK from chapter 1 of WRB Analysis.

Cheers


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 Post subject: Re: DOK Chapter 1
PostPosted: Tue Feb 19, 2019 6:04 am 
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Joined: Sun Feb 17, 2019 4:56 am
Posts: 11
Apologies, I am missing the definitions of WRB and WRB Hidden Gap:

1 WRB = Wide Range Body, an interval that has a body larger than each body of the prior three intervals
2 WRB Hidden Gap, a WRB where the interval before and after the WRB do not share a tick. This represents a key change in suuply and demand involving key market participants

Additional definitions and notes from chapter 1:

3. A hidden gap is filled when the price action has completely traversed through the price area of the hidden gap.
4. Normal gaps have the same behaviour as as WRB Hidden Gap, as long as the gap is large than each of the prior three intervals.
5. Unfilled WRB's can be used as profit targets when they occur prior to trade entries and used as profit targets that occured after entries.
6. A lack of WRB's tells you to sit on the side line (not trade)

Cheers


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 Post subject: Re: DOK Chapter 1
PostPosted: Thu Feb 21, 2019 7:32 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Hi,

Good DOK and excellent explanation.

Regards,
M.A. Perry


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