ITB - Seeing Orderliness amongst 'Randomness'
Drawing correct resistance and support-lines 2,675 replies
Manually draw text and lines on MT4 chart? 3 replies
[POLL] How do you draw S&R and trend lines? 13 replies
Is This the correct way to Draw Support and Resistance 6 replies
Drawing support and resistance lines 4 replies
Disliked{quote} rule 4 is not close above. rule 4 is 3 candle swing low (best to have 3rd candle close above middle or 2nd candle high) totally missed out. https://www.forexfactory.com/thread/...8#post14547968Ignored
Disliked{quote} 1. Sorry for that i was looking at this one. 2. but that swing low candle breaks the retracement and even the old resistance. but it still safe because the 3rd candle close higher than the middle one right? {image} {image}Ignored
Disliked{quote} 1.so even the retracement closes above we still need to wait for 3 swing low candles right? 2. on the pic above we before the entry there was 2 big candles break the resistance, but we don't need to worry about it right? because i thought that the swing low have to closes above also {image}Ignored
Disliked{quote} you can click my name in this thread, click forum posts threads started. the latest one is SRTLfd discussion.Ignored
Disliked{quote} Hey, mate. What do you think of Nick Shawn's strategy? This is my take: you do NOT have to be right most of the time. In fact, if you would be right 20% of the time, you'd still come out in profit if you don't over-risk. {image} You basically buy at the resistance and sell at the support, and if shit hits the fan, you hedge till the next zone. Is it really that simple?Ignored
Disliked{quote} i don't know about nick's work. i just went to see 2 of his videos. no, hedging is not that simple. it is discretionary. depending on your position sizing, and strength of support resistant. if having the knowledge before hand that coming to a strong resistant why would one still buy and hedge later? if your position size is big, how many times can you hedge? if on the other hand, if position size is 0.01 of $10k account, then hedging is not a problem. even layering of 10 sells, one sell every 50 pips upward move is not a problem. you won't...Ignored
Disliked{quote} today i got the short position but it seems like the position doesn't safe, followed the rules but quite weird. {image}Ignored
Disliked{quote} but can i ask why that group of candles are messy? Are they have a lot of wicks?Ignored