Thdbird83 Questions All-in-one
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Thread: Thdbird83 Questions All-in-one

  1. #1
    Hello

    At the week of 19~23 Jun 2006 I've spoted two shorts by using Support/Resistance and EMA.

    The file attached is the way I bet the short @ 23 jun 2006 in abt 12 pm...

    what I thought was that if a trend touches 2nd Support line... then the tendency is strong?

    When it shld touch a 3rd support line.... then.... The tendency is confirmed...

    PLease do comment....
    (1) exactly how true?
    (2) am I crazy?

    PS: By using technique I'd caught the tendency twice... for this week....

  2. #2
    1 Attachment(s) I would provide the following. Inside this instance. If you have more examples, I would be happy to look. Also, how far back have you tested this idea?

    Thanks Scott


    Quote Originally Posted by ;
    Hmmmmm.... I not good with words... but I will try my best to explain how I did my analysis.



    Basically I will determine the support and resistance line and draw a horizontal trendline,as you can see in the image above.

    In the event the market approaches 1st level support trendline, there is a possibility that it might drop further.

    And should it touhes that the 2nd Level support trendline, the odds of dropping further are raised.

    Ultimately, if reaches the 3rd then, its for certain drop down.

    That is what I had detected.... Truly this observation don't tell when it will boounce back up...(hahaha sadly to say, must operate on it).

    Please do comment about these observation... you men are more expert. . I juz a noobie

  3. #3
    1 Attachment(s) Hmmmmm.... I m not good with words... but I'll try my best to explain the way I did my analysis.



    Basically I will identify the support and resistance line and draw a horizontal trendline,as you can see in the image above.

    In the event the market approaches 1st level support trendline, there's a possibility that it would drop further.

    And should it touhes the 2nd Level support trendline, the odds of dropping further are increased.

    Finally, if reaches on the 3rd then, its for sure drop down.

    That is exactly what I had observed.... Frankly this observation don't tell when it will boounce up...(hahaha sadly to say, need to work on it).

    Please do comment about these observation... you men are more expert. . I m juz a noobie

  4. #4
    I'd have used my price projection and put a short at level 2 and held on until my projection had been hit. GMMAs would be very good at demoning this.

    Edit: I just looked at my chart and price obtained within 18 pips with this projection, so it would have been a good trade. When you boost your information about a price motion, you reduce risk, but you also reduce potenial profit. One must decide how to balance those two bits of info.

    Due scott


    Quote Originally Posted by ;
    I'd offer the following. Inside this example. If you have more examples, I'd be delighted to look. Also, just how far back have you ever tested this idea?

    Due Scott

  5. #5
    This is very like a system I am testing for a while. I would have waited to get a retest of one of those first two lines.

  6. #6
    I had tested it for this week alone.... The prior fall was anticipated too.... But I m still verifying this week... seems like a hit... haaa....

    Well juz wait and see for this wk's performance...

    hmmmm... can anybody recommend an indior to add the expect the entry stage? What indior is employed? I'm using 15 min chart... MACD is a complied one for me at least... RSI... I find it not realiable...(possibly I do not get the settings right to associate with 15 min charts)
    what's GMMA???

  7. #7
    The info you need is in this thread
    https://forexintuitive.com/forex-tra...0-journal.html


    Quote Originally Posted by ;
    I had tested it for that week alone.... The prior fall was anticipated too.... But I m still verifying this week... seems like a hit... haaa....

    Well juz wait and watch for this wk's functionality...

    hmmmm... can anybody recommend an indior to include in the expect the entry point? What indior is generally used? I m utilizing 15 min chart... MACD is a complied one for me at least... RSI... I find it not realiable...(possibly I do not get the settings right to associate with 15 min charts)
    what's GMMA???

  8. #8
    That is the way I plotted the so called 1st, 2nd service lines.... Just for people who are figuring out....

    Appologise for the poor excellent picture...

    I m not a graphic geek hehehe.... I fail my artwork....


    SMJONES.... What do u mean from the last sentence cited in the picture above?

  9. #9
    SMJONES

    .. .you have given up all of your motions...

    what do you mean with this. .

  10. #10
    Quote Originally Posted by ;
    SMJONES

    .. .you have given up all of your motions...

    what do you mean with this. .
    Well, I didn't say this sentence. I said you've given up the move. That means by waiting until level three, there's very little space left for price to maneuver on this 15 minute chart... Maybe in a longer term it might go down more, but not automatically. When you look at the chart today you will see it only went to approximately 1.2473, which will be about what my price projection said it goes.

    Thanks scott

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