tag:blogger.com,1999:blog-9459815.post54831923860487330..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: Friday's action - 112108Trader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9459815.post-4469793734725809672008-11-24T18:42:00.000-05:002008-11-24T18:42:00.000-05:00Happy Thanksgiving to you and your family X. I hop...Happy Thanksgiving to you and your family X. I hope all goes well with the surgery.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-23234950818212461352008-11-23T19:06:00.000-05:002008-11-23T19:06:00.000-05:00Nice trade X. I am also looking forward to the upc...Nice trade X. I am also looking forward to the upcoming posts. Anxious to read what David writes too, as I enjoyed his book.<BR/><BR/>RJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-54844172662565907862008-11-22T22:30:00.000-05:002008-11-22T22:30:00.000-05:00Z - here is what I saw:Two of the first three bars...Z - here is what I saw:<BR/><BR/>Two of the first three bars were strong green (up) bars. Price broke the OR high of the first bar, and even though the fourth and fifth bars were weak they did not close back below that level. The hammer also formed at that level, signaling to me that resistance was now solid support.<BR/><BR/>Hope that helps.Trader-Xhttps://www.blogger.com/profile/15148372813905710453noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-26574974553564458112008-11-22T21:35:00.000-05:002008-11-22T21:35:00.000-05:00Hi X,How are you certain that the price won't reve...Hi X,<BR/><BR/>How are you certain that the price won't reverse once you entered on the hammer? I remember you saying its important to examine the price action before jumping in on a hammer, and I just couldn't tell that the bars preceding the hammer offered some kind of confimration. Perhaps I'm not seeing what you saw?<BR/><BR/>On a side note, looking forward to ur future posts!Anonymousnoreply@blogger.com