DislikedIf you are using MT4 charts you go to insert and then shapes and select rectangle. I hope that helps.
PTIgnored
River oscillator indicator 2 replies
Searching for a EMA/Envelope (river) cross-over Alert 5 replies
River Theory Trades 135 replies
GBPJPY River Theory 14 replies
DislikedPT and guys!!
I dont know how to draw zone box and if you know, please let me know how to do that?
I put your template "river template" but there is no zone box. Please help me!Ignored
DislikedThese are my 2 Zones on g/j e cable. g/j usually doesn't have ranging periods so take this Zone as a result of the current market sentiment.
PT, do you think the Zone on cable is created correctly?Ignored
DislikedI extended the Zone @ 2.0478 on cable, because there is the daily pivot there and price bounce on itIgnored
DislikedI think this zone is great. We need to watch Price Action and the time of day for entering trades as well. For example: If we break the Zone later in the trading day, I would want confirmation with a candle or two underneath or above the Zone box before entering. Because price is not moving quickly at this time of the day, it should not cost you many pips to wait.
Great work ,
PTIgnored
DislikedOk i have just read thru the whole thread and here is my question: "Why dont you just get rid of all the Envelope and SMA indicators and only trade fibs, because as far as i can see that is what you trade anyway?"Ignored
DislikedOk i have just read thru the whole thread and here is my question: "Why dont you just get rid of all the Envelope and SMA indicators and only trade fibs, because as far as i can see that is what you trade anyway?"Ignored
DislikedToday is all a big zone i tried to gain some pips before price bouncing on the pivot but i picked only a few.
Cable and Zone are brothers really
PT, do you think this relationship is natural or linked to the current cable price market? If so, it could be change in futureIgnored
Dislikedthe river gives to you signals on ranging market when price bounce inside it or around itIgnored
DislikedToday is all a big zone i tried to gain some pips before price bouncing on the pivot but i picked only a few.
Cable and Zone are brothers really
PT, do you think this relationship is natural or linked to the current cable price market? If so, it could be change in futureIgnored
DislikedIn that case why dont you just draw a S/R line for the ranging market? And go long once resistance is broken or short once support is broken.
I get the impression you guys are making something simple very complicated.
In reality you are only trading breakouts. So S/R levels will do well, complimented by fibs. Even simple chart formations like rising/falling wedges will also do.
You dont need an envelope or moving average to tell you that the price has broken a S/R level. That is the purpose of price action.Ignored