yeah index options are much better they carry less risk. But with a bit of study it's easy to see why you would also trade some individual names, such as AAPL. ))) see below. this is normal dist of weekly returns past 20 weeks.
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Disliked{quote} GTH please find attached these charts for USDJPY: The H4 view and the M5 view. What can I do? Notice that I cant see the Support Levels at all on the M5 same as M15 to H1 but on H4 and D1 I see only the first support level. Thanks for your concern. {image} {image}Ignored
Disliked{quote} Just bring the mouse to the far right side where the prices are, click and hold the left mouse button down, and drag the mouse down while holding. This will change the view...Ignored
Disliked{quote} Hey have you noticed the weekly RESISTANCE levels are labelled as SUPPORT? {image} {image}Ignored
Dislikedunfortunately the markets are very close to random walk. I devised a support and resistance indicator ( using abokwaik indicator, praise to him). You will see that the prices really respect these levels.
Edit: I have revised the indicator, so that only this indicator ( RW-SupportResistanceALL) will be used on the chart. It will use the ATR-Close indy in the background so both must be downloaded {file} {file}Ignored
DislikedDay 2 of testing this method. Place 3 limit orders. One to TP and one did not reach Entry but hit Target (Out) and last still waiting 0.5% risk 1.5% gain {image} {image}Ignored
Disliked{quote} That was a typo error. {quote} Thank you for starting such a thread, I appreciate your efforts. As for the weekly labels, and since you have a special version of the indicator, you can modify the last line to reflect correct weekly labels, just change "W1 Sup " to "W1 Res ": //-- Weekly Resistance --------------------------------------------- obj1=prefix+"WR_"+i; ObjectCreate(0,obj1,OBJ_HLINE,0,Time[0],wr); ObjectSetString(0,obj1,OBJPROP_TOOLTIP,"Weekly Resistance "+i); ObjectSetInteger(0,obj1,OBJPROP_COLOR,RweekColor); ObjectSetInteger(0,obj1,OBJPROP_WIDTH,weekWidth);...Ignored
Disliked{quote} What you have posted is a perfect example. Price hesitates and hesitates on the 23 level.... You feel that it resists to go down anymore and you enter. I couldn't have presented a better example.. Thanks once again kfarawi... Good Luck...Ignored
DislikedGuys great system. , i think we should start putting pending order screen shot so other can take benefitIgnored