If I think this. Is it correct?
FTR=Failed To Return=Supply/Demand=Support/Resistance=Price Pivot Zone=Pop Thru (on James16 methodology so you can touch trade on it)
The different is:
You can say touch trade on old support or resistance
But you cant say old FTR.
FTR must be fresh or already engulfed to another way so price make another new FTR (which you can touch when price in the making of new FTR called on James16 methodology popthru trade) IF said FO.
IMHO, may be IF use FTR paradigm to avoid misunderstanding about support/resistance in old school methodology. Cause IF know that support/resistance is always change by price movement.
May I think like this?
FTR=Failed To Return=Supply/Demand=Support/Resistance=Price Pivot Zone=Pop Thru (on James16 methodology so you can touch trade on it)
The different is:
You can say touch trade on old support or resistance
But you cant say old FTR.
FTR must be fresh or already engulfed to another way so price make another new FTR (which you can touch when price in the making of new FTR called on James16 methodology popthru trade) IF said FO.
IMHO, may be IF use FTR paradigm to avoid misunderstanding about support/resistance in old school methodology. Cause IF know that support/resistance is always change by price movement.
May I think like this?
RIP RTM
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