Is it a myth, or is it a legitimate measure of price prediction?
Do you Believe in 4 hr/Daily bars? 22 replies
Do you believe in EA trading? 53 replies
Do you believe in divergence? 11 replies
Do you believe in nest trading words... 0 replies
Some NFP forecasts talk about 200-360k ?? you believe ? 11 replies
Dislikedi did believe in S/R but not anymore. market always moves towards the maximum \"resistance\" if i may say so (and that could be either support or resistance), because that's where the big money is.
it's like a big shark swimming towards the food.Ignored
DislikedAnd things that appear to be support and resistance are really just coincidence.Ignored
DislikedLimit orders tend to be clustered where price has consolidated or pivoted before.Ignored
DislikedI'm suprised that Elmer Fudd hasn't weighed in and accused me of trying to bring down the FF machine with another negative thread. According to him, quality members of the community can't handle mean people like myself, and cry their eyes out in their pillows when they go to sleep at night.
Back in the real world, thanks for everyone's opinion.Ignored
DislikedWhen I first started out 3 years ago a family member of mine who has been FX trading for Barclays Capital in Canary Wharf, London for over 15 years told me to only look at Support & Resistance, Price Action & Fibonacci. My response was ‘How am I going to make money with JUST that, It can’t be that simple,Ignored