Disliked{quote} I guess it is Multi Pivot Line, but I still don't know for sure.Ignored
-milkeyway
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Disliked{quote} I guess it is Multi Pivot Line, but I still don't know for sure.Ignored
Disliked{quote} Hi ya jsr.. MPL - Max Pain Level - extreme areas of the S/D zones.. If you can get in at these areas by watching the market or having your limit orders set there you have a greater chance of higher R:R on your trades with tight stops..also once you get good at these areas you can have less draw down on your account as good chance of getting out at BE at worst.. Cheers, AdrianIgnored
Disliked{quote} Hi ya jsr.. MPL - Max Pain Level - extreme areas of the S/D zones.. If you can get in at these areas by watching the market or having your limit orders set there you have a greater chance of higher R:R on your trades with tight stops..also once you get good at these areas you can have less draw down on your account as good chance of getting out at BE at worst.. Cheers, AdrianIgnored
DislikedI am trying out what I have learn from IF, and FXyogi. Awesome stuff. I go to as lowest time on my chart (5 sec). Learn the importance of FL, Engulf, PAZ. Like the master said, always trade from the "edges". {image}Ignored
DislikedHi FXYOGI, you said in above post : {image} so is my thinking correct ? {image}Ignored
Disliked{quote} Lumut hope you are doing good with your studies. Just an hint for you from my experience for trading from the "edges". Once the price enter into the zone, we shouldnt enter directly. This should be kept in mind always. We need to wait until price retrace to its deepest till it meet the "extreme". Now finding this deepest points is the "key" to this method. That where everything starts and ends. One more thing every FTR are not FL(I said it before but i never explained it).Otherwise all chart will be filled with FL and PAZ. . FL will become...Ignored
DislikedWhoever likes to posts charts, here is an instrument name indicator which shows the instrument name with big font so that other's can read easily which chart is it. My friend cja (http://www.forexfactory.com/cja) modified it set color and font size as per your wish. {file} {image}Ignored
Disliked{quote} Yes, it drives me mad having to squint to see what pair and TF is on show!Ignored
Dislikedanyone knows any website which provides this information ? {image}Ignored
Disliked{quote} FXyogi, Awesome mate, I will keep this in mind. I remember reading earlier post on RTM, which a lot of members like to take TT. Maybe, they become more experience in reading chart, they are making more quality trades. I read about FL/FTR over FF and RTM. As you mention earlier, FL is formed from some "important" levels, while FTR can be a FL or formed from "local" important level. Everyone can understand the theory, but when thrown with a live chart, it is hard to spot these area. More screen times are required to be good at spotting potential...Ignored