We will see.....
hope Eaglestar didn't hit SL.....
nice weekend to all
hope Eaglestar didn't hit SL.....
nice weekend to all
Action, Reaction & Pullback Entry 161 replies
fibonacci levels - reaction and no reaction 9 replies
Sine Wave and Channel Reflection, Action/Reaction putting it all together 212 replies
Action/Reaction Lines 14 replies
Price reaction to support and resistance 25 replies
DislikedWas reading Tim Morge's book "Trading with median lines" and had an aha moment. I just realised what it really means, and what you can do with it, when Andrews said that if you have an a-b-c pivot formation (H,L,H or L,H,L) then price will reach the median line with 80% accuracy. Sharing here my notes, hope this helps. {image} {image} {image} {image} {image} {image} {image} thank you eaglestarIgnored
Dislikedif you have an a-b-c pivot formation (H,L,H or L,H,L) then price will reach the median line with 80% accuracy.Ignored
DislikedBasic notice price extremes {image} {image} {image} {image} {image}Ignored
Disliked{quote} Juri have you tested this on a trending market? My concern is that if you were to treat every pivot as a potential turning point you might get burned in strong trendsIgnored
DislikedIf price can make an extreme on a horizontal plane (price), then time can make an extreme on a diagonal plane(time and price). The point where these 2 meet is powerful. The same trade with a different plan could be potentially be more profitable. Know the possibilities, know the potential outcome. {image}Ignored
DislikedA study on Horizontal Support Resistance as it forms. This is a chart of EURUSD using the standard EA tester in MT4. I am showing here how the waves form on a price axis. Support and resistance will form near price extremes, the same as diagonal support and resistance, action reaction, sliding parallels, these are all trying to describe something similar that will aid us in predicting market moves with small stops and large potential rewards. I recommend speeding up the playback to 1.5 https://youtu.be/Avl6BfGATnsIgnored