Disliked1. 90% is best and 53/47 is based on your general 200SL 200TP 4H trading style.
2. Disagree it's more accurate the way I view it, much more but I'm trading for smaller moves.
3. Agree 100%
4. Agree 100% to.
5. kinda I have a different view more based on supply and demand and Bank trading systems
6. Yep
7. Yep, but there are also a lot of ways to trade which will never work well.Ignored
Yeh re, no.5, this is supply and demand, price action is the movement of price based on supply/demand of the instrument and support/resistance is simply the visual manifestation of where supply and demand were imbalanced...this is the basis of future potential support/resistance ie
a. previous obvious near-term swing hi = previous imbalance of supply/demand = previous resistance = potential resistance or potential rbs if approached in a pullback from the topside in an uptrend.
b. previous obvious near-term swing lo = previous imbalance of demand/supply = previous support = potential support or potential sbr if approached in a pullback from the underside in a downtrend
Add in trend lines and fibs for potential support/resistance confluence and there you have the basics of a trading edge. individual price action too forms the trigger at such potential supp/res/sbr/rbs areas.
G/L
ex member