hi all.
thread targets :
traders who trade purely on trendlines (support & resistance) and avoid trading on any indicators.
brief intro :
i am trading forex (demo) since 2 + yrs. i kept seeing red untill i dropped all indicators from the chart & observed price action around trendlines.
purpose :
to post trading entries solely based on trendlines with lots of charts including entry price, sl & tp. charts shall be posted at the beginning of a trade, whenever time allows - in the middle & at the end of a trade, to gauge quality of a trade.
trading style :
three trendlines on charts depicting trading preference of only H4, daily & weekly. H4 being the top preference. initial sl & tp of 35 pips.
H4 - green
Daily - olive
Weekly - yellow
http://img196.imageshack.us/img196/9...inetraders.gif
expectations :
* avoid indicators which help in making trading decisions.
at the most use one indicator which depicts S & R levels.
ex:- s&r (barry), fibs or pivots.
* drawn trendlines - vertical, horizontal, diagonal or a price channel
* respect for fellow traders
___________________________ ++++ __________________________
thread targets :
traders who trade purely on trendlines (support & resistance) and avoid trading on any indicators.
brief intro :
i am trading forex (demo) since 2 + yrs. i kept seeing red untill i dropped all indicators from the chart & observed price action around trendlines.
purpose :
to post trading entries solely based on trendlines with lots of charts including entry price, sl & tp. charts shall be posted at the beginning of a trade, whenever time allows - in the middle & at the end of a trade, to gauge quality of a trade.
trading style :
three trendlines on charts depicting trading preference of only H4, daily & weekly. H4 being the top preference. initial sl & tp of 35 pips.
H4 - green
Daily - olive
Weekly - yellow
http://img196.imageshack.us/img196/9...inetraders.gif
expectations :
* avoid indicators which help in making trading decisions.
at the most use one indicator which depicts S & R levels.
ex:- s&r (barry), fibs or pivots.
* drawn trendlines - vertical, horizontal, diagonal or a price channel
* respect for fellow traders
___________________________ ++++ __________________________