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Old 06-12-2008, 12:25 PM
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KENNETH LEE KENNETH LEE is offline
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Join Date: Aug 2007
Location: Key West , Florida
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Exercise #4

(1) 3,4 3 touches upper KC band. But 4 opens and continues up. Would enter when 4 started down.. 10,11 Same as above but Middle KC band.
Safer entry would be 3 and 10 but it continues up in both cases. So would enter on 4 and 11. If opened going down would enter straight away.

(3) 8 Hit bottom BB band But opened going down would have closed when it started to reverse . 13 line 12 was a fast down swing went way pass bottom BB. Would have closed when 13 started up, it opened did not make any new low and then headed up.3

Execrise #5

I don't like the initial entry point black line seems late.. But the long green candle is very bullish looking would have closed and taken loss on that entry.

If this star was initially spotted on a 20 min chart might have entered top of 5th (greencandle) from the star and exited 9th (red candle) from the star..

That is my take.... Please keep up the great work. I am here 3 -4 time a day... I need to reread the whole thread seem to be lacking on some things..