Hero calls followed by margin calls...
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Dislikedcurrently struggling with kiwi...
sold due rsx overbought (h1,m30), bearish divergence ,good supply level and daily r1 pivot. enough ''pro'' for a sell here
lets c how it goes
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Dislikedhttp://www.forexfactory.com/showthre...28#post4626028
http://www.forexfactory.com/showthre...62#post4626262
entry long: when price is at demand level and rsx is oversold (below 15 level)
entry short: price at supply + rsx overbought (above 85 lvl)Ignored
Dislikedi don understand this when price is at demand and price at supply can you explane me ? can you show me screen shoot.. pls and also tell me your take profit and stop lossIgnored
DislikedSure buddy.
First of all you need to know how support and resistance ( quiet similar to supply and demand levels on a visual basis, tough there are differences ! ) work and what they mean.
---> Supply and demand areas are the Yodas of the technical analysis
Following two screens might clarify this a bit, Source: www.babypips.com
http://www.babypips.com/school/image...ance-zones.png
and
http://www.babypips.com/school/image...-examples2.png
ok,here...Ignored
DislikedHi PhAnTi'
Support and Resistance Zones or Levels are important but should not been overlooked. However none of them are signals to trade. They are opportunities to form trade plans based on likely outcomes commonly generated by such situations. For example, support and resistance levels (zones) is tradable only when confirmed by other indicators. It does not always yield profitable trade opportunities. Therefore, if you trade every support/resistance without any other indicators you would lose money. However when planned in advance and confirmed...Ignored
QuoteDislikedFor example, support and resistance levels (zones) is tradable only when confirmed by other indicators
DislikedPhAnTi'
thanks very very much. you are good man
pls see my screen. there is indicator support and res. what you think can i use it as Supply and demand areas? i thing it is same,
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and also plspls paint on my screen entrys stop loss and take profit targets.Ignored
Dislikedoverbought rsx with supply area at eurusd.
waiting for sell confirmation,stops above 4600.
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DislikedPhAnTi
then i enter corectly yes?
can you tell me how many time you trade with this system and what profityou makemonthly from this?Ignored