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Originally Posted by PTB
I just did another search here on moneytec but got the same thing...tons of threads by other traders on a multitude of trading subjects. Is this the search path to which you are referring? I was hoping for some thing a little more condensed without having to wade through tons of material.
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Hi PTB.
This is what I think is all about
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To capture a "larger percentage of the Range of the move", Iris enter the market at the "north/south containment zone" which I think it is the pullback levels where price usualy secure it's "basis" to continue it's prevailing trends or even a new trend.
When price is inside this containment zone, Iris will open an "south/north entry window" in the direction of the trend ("current Directional Movement for a High percentile Counter").
A "basis" is a consolidation at a containment zone, where price is accumulating momentum to start it's next move.
This is what I can do to interpret his style.
Iris, please correct me If I'm wrong.
Thank you