RE: New version 1.20 question...

[billco]

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[woodie99]

info

there are h/l of last bar and h/l of current bar and last price....if you go to file share there is a document there showing all things on the trading platform

woodie

[woodie99]

match

That is entry point for the plateau trade i believe.

woodie

[bpschoch]

Yes that is correct, it's the stop price at which you enter a trade for a plateau trade. It's green for longs and red for shorts
Bernie

[billco]

Originally posted by bpschoch
Yes that is correct, it's the stop price at which you enter a trade for a plateau trade. It's green for longs and red for shorts
Bernie

Just to clarify, by "stop price"; you are meaning to put in an advance buy/sell order to enter the trade at the price shown relative to the color? Unfortunatley, using the word "stop" and "enter" in the same context can lead the uninformed astray!

Is there a condensed explanation of the plateau trade in print?

Thanks!!!!!

b

[bpschoch]

The woodie studies are meant as a tool and not a substitute for just 'blindly' taking trades that it points to. There is a description on the www.woodiescciclub.com site that describes the plateau trade. There is a nuance that you enter the trade on a stop trade after a plateau trade sets up. As a tool, the study displays that stop price. The study displays many setups that kind of look like plateau's but are not necessarly plateau's so you really need to understand what they are and how they work. Once you understand the plateau, you will see how those stop prices can be an aid for entries.

Bernie

[billco]

Originally posted by bpschoch
The woodie studies are meant as a tool and not a substitute for just 'blindly' taking trades that it points to. There is a description on the www.woodiescciclub.com site that describes the plateau trade. There is a nuance that you enter the trade on a stop trade after a plateau trade sets up. As a tool, the study displays that stop price. The study displays many setups that kind of look like plateau's but are not necessarly plateau's so you really need to understand what they are and how they work. Once you understand the plateau, you will see how those stop prices can be an aid for entries.

Bernie

I understand completely. I just couldn't figure out what that price in the match button was. Thanks!

b