I am reading the article "Trading in The Buff", which I believe was posted by PPT (thank you or whoever posted it for us ).
I do not trade any FOREX. However, I find this article is very enlightening and interesting. I enjoy reading it. I have a very simple question about the example on pp. 17 in Chapter 3. I do not quite understand the sentence "In this particular instance (EUR/USD), the low of bar No. 1 was 1.4558. The highest it ever reached was 1.4547". Note that 1.4547 is smaller than 1.4558, so I think it is not the high of Bar 1. My question is what it means indeed. Is it the high of Bar 3? I have similar questions to other examples presented in the chapter.
Can anyone take a look and help me clear my question? 请不惜赐教。 谢谢~~~