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 Post subject: Chapter 1, 2 DOK
PostPosted: Tue Jun 22, 2010 5:57 pm 
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Joined: Mon Jun 14, 2010 9:03 am
Posts: 2
Strong Continuation Price Action DOK:
1.Price action was declining ( 2 dark candles with lower closes)
2.Produced WRB (expanding volatility)
3.Followed by at least 3 small range intervals (contracting volatility)
4.Then produced another WRB (expanding volatility)
5.Price continued lower after the second WRB ( 2 dark candles with lower closes)

Notes: Post breaking news involving offshore oil drilling
At least one WRB was a hidden gap, in this case 2
There were at least 2 dark lines before the first WRB and after the second WRB.

From WRB Tutorials:
Strong Continuation Price Action Definition
#2)Defined as a price action that produces a v2 WRB (expanding volatility) followed by a minimum of three small range intervals (contracting volatility) that's then followed by a v1 WRB (expanding volatility) in the same direction in which one of the WRB's must be a WRB Hidden GAP.

In addition, the contracting volatility between v2 and v1, does not retrace (fill in the range) of the v2 WRB and its prior three intervals.

Bearish Continuation - Price action was declining (it contained a minimum of two dark lines with lower closes) before and above the close of the v2 Dark WRB then followed by contracting volatility that traverses into a v1 Dark WRB (volatility spike) in which the price action continues declining (it contained a minimum of two dark lines with lower closes) after and below the close of the v1 Dark WRB prior to the next swing point.



Swing Point DOK:
1.Change in price direction as well as first dark interval and breaking news
2.Three consecutive dark intervals with lower closes
3.WRB Hidden Gap among the three

Notes: Breaking news involving offshore oil drilling

From WRB Tutorials:
Swing Point Definitions
#2) Defined as a change of price direction that produces three consecutive same color intervals with higher closes (rising prices) or lower closes (declining prices) in which there is a WRB Hidden GAP interval among the three consecutive same color intervals prior to the next swing point. 

Simply, the first interval that appeared before the next two intervals, that first interval must be involved with the price action where the change of price direction (swing point) occurred and not be involved after a swing point as a continuation price action.

Bearish Swing Point - Price action was rising and then reversed direction (swing point involving a key market event) and then price declined back downwards to produce three consecutive same color dark lines with lower closes.


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Chapter 2 Continuatin DOK.jpg
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 Post subject: Re: Chapter 1, 2 DOK
PostPosted: Wed Jun 23, 2010 8:36 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4336
Location: Canada
This is a good D.O.K. to demonstrate your knowledge of WRB Analysis.

Further, now that you've begun learning the tutorial chapters study guide and posted your first question here at the TSL Support Forum...you now have free 30 day support which is adequate time to determine the merits of the WRB Analysis Tutorials. Thus, you'll be able to see that WRB Analysis does help with improving your understanding of the price action you're trading. In addition, you'll be able to merge WRB Analysis into your trade methods with our support to improve the performance of either your entry signals, exit signals, trailing stop placement or profit targets. I look forward to helping you integrate WRB Analysis into your trade methods here in the public area or within your private thread.

Note:You can request a private thread for questions while integrating WRB Analysis into your trade methods to prevent others from reading the Q & A sessions between us. Thus, no other forum member can see it nor access it. Therefore, we can have a private conversation in improving your trade strategy.

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
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