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Hello, I am making sure I understand what a leg is. I see it as a trend to trading range. But I am also thinking it is from a trend to a pull back.
Please help me understand what a leg is.
Thanks,
Hi, a leg is a move in one direction. So if you would try to simplify a chart and instead of candles you would only draw lines, then every line would be a leg. Of course there is several ways to look at it.
Hope this helped,
Hardy
Hi Anthony,
Like Hardy Said a leg is a move in one direction. Depending upon the height of that move if its big enough to make a swing profit you can also call it a swing Or you Can simply call it a leg also. A leg can be one bar or it can form with many bars. For example, if bull leg in a trading range is big enough to make a swing profit you can simply call it a bull swing or you can simply call it a leg.
It does not matter what you call it.
Hope this Helps!!
Thanks
From the books:
leg: A small trend that breaks a trend line of any size; the term is used only where there are at least two legs on the chart. It is any smaller trend that is part of a larger trend and it can be a pullback (a countertrend move), a swing in a trend or in a sideways market, or a with-trend move in a trend that occurs between any two pullbacks within the trend.
I suggest reviewing video 12B.
Every move can be a leg, even if it's just one bar or it can be a swing, or it can be a pullback depending on size and direction.
Hope this helps,
CH
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I am wondering if Brad is doing a coaching session on leg counting .I did look on the that form but it said closed ,anyone seen anything on it ?
thanks Darren
No coaching session this week. We will issue a survey soon for feedback to help introduction of ongoing coaching services.