TheStrategyLab.com Price Action Trading Support Forum

Hi

Thanks for your previous reply. You said that all WRB's are not important expect for the ones which create a spike in volatility. If my understanding of volatility is correct then aren't these the same bars which push through a congestion
zone Specially the ones pushing through existing demand or supply And if our assumption holds true then the re-test of this price area should form an extreme either in the form of price acceptance or rejection depending on the nature of the WRB.

I went through some of the existing posts/charts and one of them was quite interesting. A WRB pushed through existing demand and after consolidation and wearing out supply , price pushed through the resistance level of the previous WRB. In such a situation which WRB do we pay more attention to

Also i have attached a chart. Would the last bar at the right hand side qualify as a Key WRB ?

Cheers

Hi lnangia,

I apologize for the delayed reply...currently I'm having some computer problems.

Yes, I'm interested in the a special type of WRBs the occurs before volatility contracts or occurs after volatility contracts. I'm also interested in a special type of WRB involved with key market events and you'll find out more about that specific type in tutorial chapter 2 when I give you free access to the tutorial chapters 1, 2 and 3 study guide.

Also, I'm unable to tell if that last bar qualified as a key WRB because I would need to see a few intervals after that bar.

With that said, I should have you access setup to the free trial within the next 6 hours after this message post.

Last of all, I have a question for you, it looks like your chart represents Silver traded on an exchange I've never heard of in reference to the MCX. After some research, it seems like that's an India Exchange...please correct me if I'm wrong. Regardless, I'm curious to know if MCX Silver is correlated with COMEX Silver futures. If so, can you post a chart of today's MCX Silver so that I can compare it to the COMEX Silver chart. Thanks in advance.

Best Regards,
M.A. Perry

Hi.

MCX is the commodities exchange in India in which bullion trading is absolutely phenomenal. I do not know the co-relation between MCX Silver and Comex Silver.

The chart i posted in the previous post is an old one. I apologize for putting up a really old chart. That was one of the instances where a Shakeout occurred with Strength in the background. I just wanted to know whether the body has expanded in conjunction with the spread.

I just finished programming EB4, EB7 , CB4 and CB7 into my analysis tool and will back-test some data and start uploading current charts. Thanks for all the help

Cheers

Hi,

Thanks for the info about the MCX Silver because I never knew it existed.

You now have access to the 30 day free trial of the WRB Analysis Tutorial chapters 1, 2 and 3...an email has already been sent with access instructions.

Best Regards,
M.A. Perry