trendie
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(thanks dc)
Have been following Firewalkers S/R journey, and also wasps journal.
Think I am beginning to see S/R lines now, but still with some help with MT-4s "Zig-Zag" function.
Line A: This is where I can clearly see a number of Support points giving way.
Line B: today. Better example, as Support gives way and starts to act as Resistance.
Zone C: a bit messier, but there is a clear zone where price is rejected from going higher.
FW is using a push-through by X pips to trade.
Are there any other methods of determining when support is going to give way?
Any recommended reading on trading S/Rs?
Have been following Firewalkers S/R journey, and also wasps journal.
Think I am beginning to see S/R lines now, but still with some help with MT-4s "Zig-Zag" function.
Line A: This is where I can clearly see a number of Support points giving way.
Line B: today. Better example, as Support gives way and starts to act as Resistance.
Zone C: a bit messier, but there is a clear zone where price is rejected from going higher.
FW is using a push-through by X pips to trade.
Are there any other methods of determining when support is going to give way?
Any recommended reading on trading S/Rs?
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tpaulbeaumont
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is that hornblower that also frequents advfn?
ive just started looking at t2w, seems like theres lots of options available lol, too many for my simple mind perhaps... didnt know you dealt with FX?
good luck
ive just started looking at t2w, seems like theres lots of options available lol, too many for my simple mind perhaps... didnt know you dealt with FX?
good luck
wasp
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trendie said:
Personally I use them as a trailing stop level primarily but have been looking into them for use a SAR strat.
Rather than the larger more important areas, I'm only looking for a few trades per day so I look only really a the most recent and also, I tend not to use anything that price has moved through. I think thats partly as I'm not looking that widely and partly because I don't want a million lines on a chart and not allowing price to go anywhere at all.
I have found that the most recent (with no break through between now and that level) are great points to use for trails and SAR.
As your not using the MA cross strat, the SAR theory might be good to look at... see attatched.
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coolTrader
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gm all.
hornblower
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tpaulbeaumont said:
Hi paul
yes I gave up on advfn several months ago , for the same reason that you are here now !
martin brown
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wasp said:
its september....
summer doldrums goodbye!
martin brown
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martin brown
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wasp said:
ah, so now you remember why you decided to trade this market!
"stay tuned..."
martin brown
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cable fills it in all the way back to last fridays NFP reversal area.
euro tests 1.2820 pivot.
euro tests 1.2820 pivot.
martin brown
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aussie dollar continues to show relative strengh.
