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Old 08-15-2008, 07:41 PM
TC East TC East is offline
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X Trend Movie

Hello,

I just watched the movie and have a couple of questions/comments:

1) In the exercise example, where we have to figure out if it's a confirmed signal, the "confirmation candle" appears to have it's wick above the blue line. The wick before it is fully below the blue line, but it is not "full red"; it's a light red (maybe that counts??) However, this is called a confirmed signal. Can you clarify?

2) The RSI is not red within 1 bar from the confirmation candle, at least that's what I see. The RSI is red within 1 candle from the "not fully red" bar to the left however.

From what is described as a confirmed signal, it seems this would NOT be a confirmation per details above. Please clarify if possible the confusion I have based on the example in the movie. It seems there would be confirmation if you're using that "not fully red" candle, but I thought it had to be "fully red"?

Just trying to understand as best I can ...thank you.
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