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  • What Is a “Confluence” of Support or Resistance?

    From dailypriceaction.com

    This is an excellent question, and the answer can improve your trading performance in a big way. But like all things, it takes practice, patience, and discipline to get it right. According to Merriam-Webster, the word confluence means: A coming or flowing together, meeting, or gathering at one point. The flowing together of two or more streams Obviously, we’re not dealing with streams here. But the first definition sums things up nicely and the second provides a visual for us to refer to as we progress through this post. In the world of trading, the term confluence refers to the intersection of two or more key ... (full story)

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  • Comment #1
  • Quote
  • Jun 24, 2017 10:59pm Jun 24, 2017 10:59pm
  •  The Fool
  • Joined Apr 2009 | Status: Live and learn. | 1431 Comments
that's the taint of the markets
"If The Fool persists in his Folly he will become wise." - William Blake
 
 
  • Comment #2
  • Quote
  • Jun 25, 2017 8:34am Jun 25, 2017 8:34am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Its a term used to describe a place where most newbies will place an order thinking it means something when in effect they are just giving their money to the smart money that realise here is where the dumb money enter.
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  • Comment #3
  • Quote
  • Edited 9:13am Jun 25, 2017 8:51am | Edited 9:13am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
What makes this article pure crap is the following, firstly the trend is up so only a complete bonehead would try to fight the trend. The market is stuck in a channel moving up. Price likes to hit the top of the channel before moving down. The primary analysis here is flawed, it is a failure to accurately account for the structure of price that WILL render this level completely ineffective. The example here is poor, my guess is the guy that wrote this is about 3-4 years into his trading career and has yet to make a profit. However he will still make up articles about technical analysis that he thinks works, although he himself fails to make a profit using it.

WARNING ARTICLES LIKE THIS WILL HELP YOU FAIL AS A TRADER

Unless you read the context of the market you will fail.

1.3465 would be a far better area in my view
 
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  • Comment #4
  • Quote
  • Jun 25, 2017 10:30am Jun 25, 2017 10:30am
  •  Rastus81
  • | Joined Jan 2014 | Status: Evolving | 97 Comments
Quoting Hurst
Disliked
What makes this article pure crap is the following,
Ignored
The article was describing confluence, which it did.

Quoting Hurst
Disliked
my guess is the guy that wrote this is about 3-4 years into his trading career
Ignored
He states that he started trading in 2007, the article was written in 2017.

Stroking your ego in public is about as acceptable as stroking other parts of your body.
Why is a Raven like a Writing Desk?
 
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  • 3cent
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  • Hurst
  • Comment #7
  • Quote
  • Jun 25, 2017 2:16pm Jun 25, 2017 2:16pm
  •  Guest
  • | IP XX.XX.75.85
The key to remember is that the market is full of "signals" whether buy or sell...it is up to the trader to decide which group of signals to hold significance too...never put too much weight on just one or 2 signals...
 
 
  • Comment #8
  • Quote
  • Jun 25, 2017 3:59pm Jun 25, 2017 3:59pm
  •  beejay
  • | Joined Mar 2008 | Status: Member | 7 Comments
Am with Hurst and I understood where he is coming from..truly the trend in the chat he posted is up and only a dunce will wanna fight that(I used to be a forwx dunce before)..price really has no relationship with trendlines even though it work sometimes....if anyone really wanna grasp the market, it's best he first spend his time understanding market structure and all
 
1
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  • Ill-b-back
  • Comment #10
  • Quote
  • Jun 25, 2017 5:36pm Jun 25, 2017 5:36pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Quoting Ill-b-back
Hidden

Look back in history and weep, its all there. Also read the wheat reports and cotton reports before you start acting like a fool.
 
 
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  • Ill-b-back
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  • Hurst
  • Comment #13
  • Quote
  • Edited 8:48pm Jun 25, 2017 8:08pm | Edited 8:48pm
  •  Ill-b-back
  • Joined May 2011 | Status: Get to the Chopper | 3897 Comments
Quoting Hurst
Hidden
On the contrary Hurst, you went on the attack against the author and his method because it is different to yours and when I bring up your own inaccuracies you play the victim?
Be a man..

You seem to be of the misunderstanding I am attacking cyclical trading? Nothing could be further from the truth. Have you thought that the maths relating to fibs on higher TFs' might be related to the maths of cyclical trading? Or do you believe various concepts of maths exist independant of one another?

It seems any variation from the method (or expression of a method) you have researched and/or been mentored on is dismissed as useless.

And you infer I'M the blind hard head? lol...
From Berlin??

Ok...
Come with me if you want to live....
 
 
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  • disker23
  • Comment #15
  • Quote
  • Jun 26, 2017 3:49am Jun 26, 2017 3:49am
  •  barkie
  • | Joined Mar 2014 | Status: Member | 1647 Comments
Quoting disker23
Hidden

 
 
  • Comment #16
  • Quote
  • Jun 26, 2017 4:02am Jun 26, 2017 4:02am
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Ill-b-back
Disliked
{quote} On the contrary Hurst, you went on the attack against the author and his method because it is different to yours and when I bring up your own inaccuracies you play the victim? Be a man.. You seem to be of the misunderstanding I am attacking cyclical trading? Nothing could be further from the truth. Have you thought that the maths relating to fibs on higher TFs' might be related to the maths of cyclical trading? Or do you believe various concepts of maths exist independant of one another? It seems any variation from the method (or expression...
Ignored
he´s a little bit confused - not only with his "predictions". i have another count (one out of four). stopped clock phenomenon, perfect counter indicator...
fortis fortuna adiuvat
 
 
  • Comment #17
  • Quote
  • Jun 26, 2017 5:08am Jun 26, 2017 5:08am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
https://www.bloomberg.com/news/articles/2017-06-25/it-s-a-scorcher-dusty-wheat-fields-spell-peak-for-global-glut

Wheat outlook I rest my case
 
 
  • Comment #18
  • Quote
  • Edited 5:42am Jun 26, 2017 5:30am | Edited 5:42am
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3078 Comments
Quoting disker23
Hidden
Thread Starter @disker23:"Leverage, can someone explain it to me?"
Quoting disker23
Disliked
I've been a Futures trader for years, and this was actually my first week trading FX. ...When i say leverage I mean to say: How does your account size affect how many lots you can use? ....
if anyone can give an adequate explanation I'd greatly appreciate it. Thanks
Ignored
Pls find equation below... Hope of this of help.
Attached Image
 
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  • Comment #19
  • Quote
  • Jun 26, 2017 5:37am Jun 26, 2017 5:37am
  •  Aussi
  • Joined Sep 2013 | Status: Member | 4013 Comments
Quoting cliffedwards
Disliked
{quote} Thread Starter @disker23:"Leverage, can someone explain it to me?" {quote}
Ignored
i have a shovel cliff
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
 
2
  • Comment #20
  • Quote
  • Jun 26, 2017 5:47am Jun 26, 2017 5:47am
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3078 Comments
Quoting Aussi
Disliked
{quote} i have a shovel cliff
Ignored
Shame on you Aussi..
Im absolutely not taking the P*ss.
Just trying to help.

 
 
  • Comment #21
  • Quote
  • Jun 26, 2017 6:04am Jun 26, 2017 6:04am
  •  Aussi
  • Joined Sep 2013 | Status: Member | 4013 Comments
Quoting cliffedwards
Disliked
{quote} Shame on you Aussi.. Im absolutely not taking the P*ss. Just trying to help.
Ignored
if you speak to kerry-anne she says i have a bit of the devil in me , but i dont know what shes talking about i am sure you are tared with the same brush
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
 
1
  • Comment #22
  • Quote
  • Jun 26, 2017 7:11am Jun 26, 2017 7:11am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Quoting deltaone
Disliked
{quote} he´s a little bit confused - not only with his "predictions". i have another count (one out of four). stopped clock phenomenon, perfect counter indicator...
Ignored
You won't be poking fun when the Russian come knocking at your door looking for some sugar and a curry wurst.
 
 
  • Comment #23
  • Quote
  • Jun 26, 2017 9:32am Jun 26, 2017 9:32am
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
{quote} You won't be poking fun when the Russian come knocking at your door looking for some sugar and a curry wurst.
Ignored
russians? i don´t live in charlottengrad. currywurst with sugar? oh dear... you must be deranged because you´re starving due to your lousy predictions. only four days left and it´ll be one out of five...
fortis fortuna adiuvat
 
 
  • Comment #24
  • Quote
  • Jun 26, 2017 9:38am Jun 26, 2017 9:38am
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3078 Comments
Attached Image


This more fun than SKY Sports..
 
 
  • Comment #25
  • Quote
  • Jun 26, 2017 11:29am Jun 26, 2017 11:29am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Just so that my Teutonic friend can keep a proper score.

Here is a trade on on the footsie

https://www.forexfactory.com/showthread.php?p=9987647#post9987647

top in the sp500 from 20 to 22nd June 2017

https://www.forexfactory.com/showthread.php?t=676088&page=2

both seem to be working. Or are we only counting the failed ones?
 
 
  • Comment #26
  • Quote
  • Jun 26, 2017 11:54am Jun 26, 2017 11:54am
  •  Pips_Cruiser
  • Joined Jul 2007 | Status: Following The Trade Winds | 63 Comments
Quoting Hurst
Disliked
Its a term used to describe a place where most newbies will place an order thinking it means something when in effect they are just giving their money to the smart money that realise here is where the dumb money enter.
Ignored
Well it's Mike Haran again. Did you get tired of your Commercial Member status? How many FF incarnations does this make for you now? I can think of at least three.
 
 
  • Comment #27
  • Quote
  • Jun 27, 2017 8:56am Jun 27, 2017 8:56am
  •  LaBoca
  • Joined Dec 2009 | Status: look left...and be nimble | 2 Comments
Support - following your football team
Resistance - not accepting that your team may not be good
It's a dirty job but someone's gotta do it!
 
 
  • Comment #28
  • Quote
  • Jun 28, 2017 6:27am Jun 28, 2017 6:27am
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
Just so that my Teutonic friend can keep a proper score. Here is a trade on on the footsie https://www.forexfactory.com/showthread.php?p=9987647#post9987647 top in the sp500 from 20 to 22nd June 2017 https://www.forexfactory.com/showthread.php?t=676088&page=2 both seem to be working. Or are we only counting the failed ones?
Ignored
lol - teutonic is good. prussian would be better. thanks for the links, the second one is not working. so i´ll count your ftse short trade (no tp, no sl, no timeline, please add information) and above mentioned "all markets sell-off, starting june 17 lasting till december 17" as number 5 and 6 because they are market related, the rest is by far too esoteric.
fortis fortuna adiuvat
 
 
  • Comment #29
  • Quote
  • Jun 28, 2017 7:30am Jun 28, 2017 7:30am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
https://www.forexfactory.com/showthread.php?t=676088&page=2

second link just for you.
 
 
  • Comment #30
  • Quote
  • Jun 28, 2017 10:22am Jun 28, 2017 10:22am
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
https://www.forexfactory.com/showthread.php?t=676088&page=2 second link just for you.
Ignored
rofl - commercial member now; have you tried to sell your predictions? muahahahaha

ok, thanks. although it´s just a variation of number 6, i´ll count it as prediction number 7.
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fortis fortuna adiuvat
 
 
  • Comment #31
  • Quote
  • Jun 28, 2017 12:44pm Jun 28, 2017 12:44pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
I did not sell or offer anything to anyone, but no doubt some of you trolls reported me. Not that I give a damm. No one like a visionary, especially not the ignorant.
 
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  • Hurst
  • Comment #33
  • Quote
  • Jun 28, 2017 1:41pm Jun 28, 2017 1:41pm
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
lower class speach, typical for frustrated wannabe-traders. enjoy your time in the commercial section.
fortis fortuna adiuvat
 
 
  • Comment #34
  • Quote
  • Jun 28, 2017 2:02pm Jun 28, 2017 2:02pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
It's irony something sadly you won't understand "Ironie" in German. You know I will enjoy my time there very much I appreciate your words of encouragement, that's another example for you as well.
 
 
  • Comment #35
  • Quote
  • Jun 28, 2017 6:32pm Jun 28, 2017 6:32pm
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3078 Comments
Attached Image


 
 
  • Comment #36
  • Quote
  • Jun 28, 2017 9:29pm Jun 28, 2017 9:29pm
  •  Aussi
  • Joined Sep 2013 | Status: Member | 4013 Comments
sounds like breaking wind
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
 
2
  • Comment #37
  • Quote
  • Jun 29, 2017 5:36am Jun 29, 2017 5:36am
  •  Gwan
  • | Joined Feb 2007 | Status: Small is beautifull | 156 Comments
aaaaaand it hits the center of the fan
 
2
  • Comment #38
  • Quote
  • Jun 29, 2017 6:23am Jun 29, 2017 6:23am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
What makes this article pure crap is the following, firstly the trend is up so only a complete bonehead would try to fight the trend. The market is stuck in a channel moving up. Price likes to hit the top of the channel before moving down. The primary analysis here is flawed, it is a failure to accurately account for the structure of price that WILL render this level completely ineffective. The example here is poor, my guess is the guy that wrote this is about 3-4 years into his trading career and has yet to make a profit. However he will still...
Ignored
Sorry but I didn't understand what you said... did you spent a minute to look at the chart example??? The trend is UP??? First I think you need to check your eyes. And by your comment "this article pure crap" shows me that you probably don't know or understand Confluence in trading. Or maybe you just read the article and misunderstood the content. Try reading it again and maybe you can improve your trading and make some money.
 
2
  • Comment #39
  • Quote
  • Jun 29, 2017 6:28am Jun 29, 2017 6:28am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Hidden

You again vomiting your frustrations... you must think you are the top trader in the game. But your frustration is understandable... you probably are trying to get some money from the markets but sure you are giving money to all of us.
I strongly recommend you to go back to basics and use more your practice account. Whatever is in the article is right, a lot professional traders(not like you) use confluence to identify entries and guess what... they are PROFESSIONALS.
 
1
  • Comment #40
  • Quote
  • Jun 29, 2017 6:34am Jun 29, 2017 6:34am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
I did not sell or offer anything to anyone, but no doubt some of you trolls reported me. Not that I give a damm. No one like a visionary, especially not the ignorant.
Ignored
Sorry... Are you calling yourself a visionary???? hahahahahahahaha... after all crap I read from you you should call yourself a blindonary... c'mon man... get a life....
 
1
  • Comment #41
  • Quote
  • Jun 29, 2017 6:43am Jun 29, 2017 6:43am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Quoting mmforexinfo
Disliked
{quote} You again vomiting your frustrations... you must think you are the top trader in the game. But your frustration is understandable... you probably are trying to get some money from the markets but sure you are giving money to all of us. I strongly recommend you to go back to basics and use more your practice account. Whatever is in the article is right, a lot professional traders(not like you) use confluence to identify entries and guess what... they are PROFESSIONALS.
Ignored
Prove it, simply post 10 charts before the fact, if you get 7 out of 10 I will admit I was wrong and leave the forum.
 
 
  • Comment #42
  • Quote
  • Jun 29, 2017 8:50am Jun 29, 2017 8:50am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
{quote} Prove it, simply post 10 charts before the fact, if you get 7 out of 10 I will admit I was wrong and leave the forum.
Ignored
Sorry but I don't have to prove anything, the market is proving it and by the way I don't know how long you have been trading (you may be new in trading) but if you didn't learn about Confluence so far I am not be the one to teach you.
 
1
  • Comment #43
  • Quote
  • Jun 29, 2017 10:35am Jun 29, 2017 10:35am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Quoting mmforexinfo
Disliked
{quote} Sorry but I don't have to prove anything, the market is proving it and by the way I don't know how long you have been trading (you may be new in trading) but if you didn't learn about Confluence so far I am not be the one to teach you.
Ignored
I am not seeking to shove my ideas down anyone's throat. However, if you post up an idea or method then back it up. Charts in hindsight you can make anything work. Trading is about trading the present not the past. I can't be bothered means you have nothing to show.
 
1
  • Comment #44
  • Quote
  • Jun 29, 2017 12:21pm Jun 29, 2017 12:21pm
  •  SulemanMehmo
  • | Joined Feb 2017 | Status: Member | 3 Comments
It doesn't really matter whether there is a confluence or not. If price is going to reverse from the level, it will reverse regardless of confluence. After breakout from a level, there is a pullback most of the times. Sometimes price comes back and bounces from the level again while in some case it reverses early.

Person who wrote article talks about giving him confidence with "Confluence" and fibs.

Quote
Disliked
But I do have one rule when using the Fibonacci tool; call it a caveat.
That rule is that I never use a Fibonacci study on a blank chart. In other words, my goal isnt to find new horizontal areas of support or resistance.
Instead, I use it to confirm and even fine tune levels Ive already drawn. That doesnt mean I remove a support or resistance if it doesnt match up with one of the Fibonacci levels.
It does, however, give me a bit more confidence when I see one or more of my predetermined...


So you see, he does not trust the levels that price will reverse from there. He tries to stay confidence through fibs which are random levels and doesn't exist anywhere. Fibs confirming key levels lol.

Oh and this:

Quote
Disliked
Again, its a paradox. Theres an old saying that if you go looking for something youll find it. What this means is that if you try too hard to find something your mind will appease you by showing you that very thing, irrespective of whether or not it actually exists.
As a trader, thats a big problem. The best way to avoid falling into this trap is to stay patient and always second guess your work.

Yes be patient and lose slowly because you are trading locations where there is no sense of reversal.

Now he also tells to prevent screen time which already makes him an amateur trader.

Quote
Disliked
One rule that can help curb your minds appetite for playing tricks is never to spend more than 20 or 30 minutes in front of your charts at a time. After this amount of sitting and staring at price action, its usually a good idea to take a 5 to 10-minute break.
To clarify, Im referring to the time spent identifying key levels. Once you have these levels drawn, it should take you no more than 20 to 30 minutes each day to scan your charts for favorable setups.
If nothing catches your attention right away,...

There is not a single bank trader in this world that spends 20 or 30 minutes in front of his charts. Mind doesn't play tricks if you are going for more screen time, it will help you increase analyze strength so in future you will already know that this has happened in the past with me now its happening again.

There is a difference between a professional trader and a wannabe pro. Even I can tell whether resistance/support will hold or not prior to the breakout by just watching price behavior and momentum inside it. If you skip screen time you reduce your learning curve and speed. You will barely notice any improvements in your trading. Sure you will but 50 years when you get retired.

Quote
Disliked
Perhaps the best areas to watch for opportunities are those formed by a trend line, a horizontal level, and a Fibonacci. When you find such a combination, its usually a good idea to keep that pair and level on your watch list.

This statement proves that he is currently researching and building his skills. Perhaps, eh ?

Whatever Hurst has mentioned is correct and I support him. Any newbie who will read this article will think this is a pro way of trade but in fact its an amateur trap.

Oh and last of all, horizontal level that is marked in the snap shot is not a key level. A key level is one where are many bounces so its strength intensifies and price can be analyzed better. Its a very weak level where probability of reversal is low. Higher stop loss will work on that.

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2 Trades would work, 1 at R1 and 2nd at R2 with low-medium stop loss. But price reversed early this time just as I mentioned in my first paragraph.
 
 
  • Comment #45
  • Quote
  • Jun 29, 2017 12:36pm Jun 29, 2017 12:36pm
  •  SulemanMehmo
  • | Joined Feb 2017 | Status: Member | 3 Comments
Oh by the way before anyone asks how it was possible to get in this trend, here is how you would've got in.

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Both bounces indicate nice rejection which was more than enough as a signal to get in. I see no "Confluence" here. In fact the level was defined as price moved, so I don't even need past data to analyze the upcoming. Whether price will hold resistance or break it, can be told just by watching price behavior and its strength. Simple.

Spend 20-30 minutes daily analyzing charts and you will miss these opportunities.
 
 
  • Comment #46
  • Quote
  • Jun 29, 2017 1:20pm Jun 29, 2017 1:20pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Totally agree with the above poster, its why I attacked the person posting this as a method, all the reasons given above are very solid and valid. There is also no substitute for screen time.

I also post my call on the SP500

"
Would just like to add that my forward looking indicator suggests that the SP500 is due for a 600 to 1000 point move to the downside I would expect the down move to occur by the 21/22nd of this month so 20-22nd June 2017.

Just to add that if you use an indicator here rather than blindly trading a sell you actually wait for the signal to occur knowing that the cycle I expected is actually happening. This is what I meant by using an indicator in the right place.

I would also like to see a big push into the cycle up and if I am correct the two price levels I would expect the turn are 2454.50 or 2465.25 cash market o the SP500

Posted on the 17th June.

So to all the trolls here, you cannot argue with facts.
 
 
  • Comment #47
  • Quote
  • Jun 29, 2017 2:37pm Jun 29, 2017 2:37pm
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
Totally agree with the above poster, its why I attacked the person posting this as a method, all the reasons given above are very solid and valid. There is also no substitute for screen time. I also post my call on the SP500 " Would just like to add that my forward looking indicator suggests that the SP500 is due for a 600 to 1000 point move to the downside I would expect the down move to occur by the 21/22nd of this month so 20-22nd June 2017. Just to add that if you use an indicator here rather than blindly trading a sell you actually wait...
Ignored
the only troll here is you, blowing your own trumpet much too early. this is just a dip atm, no crash of -600 or -1000 points.
fortis fortuna adiuvat
 
 
  • Comment #48
  • Quote
  • Jun 29, 2017 6:51pm Jun 29, 2017 6:51pm
  •  NaughtyPip
  • Joined Aug 2010 | Status: Member | 10 Comments
It looks like we have another rahulkghosh
 
 
  • Comment #49
  • Quote
  • Jun 29, 2017 7:06pm Jun 29, 2017 7:06pm
  •  Tony112
  • Joined Apr 2008 | Status: sometimes... news come unexpected | 2465 Comments
Quoting cliffedwards
Disliked
{image}
Ignored
like
Invest in alarm clocks
 
 
  • Comment #50
  • Quote
  • Jun 30, 2017 5:00am Jun 30, 2017 5:00am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
{quote} Prove it, simply post 10 charts before the fact, if you get 7 out of 10 I will admit I was wrong and leave the forum.
Ignored

How about this: a beautiful CONFLUENCE: EMA(200), Trendline and Resistance level...
See attached pic from today, 19:00 AEST
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  • Comment #51
  • Quote
  • Jun 30, 2017 5:45am Jun 30, 2017 5:45am
  •  Koop
  • Joined Apr 2016 | Status: Conquistadores' | 136 Comments
lol, you obviously only identified the supposed trendline after the trade had manifested.. Carefully skipping two swing highs. No way you could have drawn the trendline before the market turned at that point.

However, seems the Ema and the level acted in tandem to resist price at that level.



Guys, confluence as i understand it is just basically a play on market behavior. In a sense that, some participants of the market trade mainly by looking at support and resistance or supply and demand levels, while a totally different set of traders look at long term or short term Moving averages to serve as dynamic turning points and then.... the ones who trade based on trendline touches..and lastly the candlestick/harmonic pattern traders. (Fibs are quite subjective and prone to a lot of hopeful bias so i won't include it).

so if a certain horizontal level(watched by the many S&R traders) aligns with a a major respected trendline ( watched by a large number of trendline followers) plus a large pinbar candle which cuts accros a popular MA like the 200 EMA ( for the die hard candle stick pattern and Moving average traders)............... it wouldn't be too far fetched to think that since a reasonable number of participants of the market believe that the market will turn at a certain price zone (due to their various choice of signals and strategies of course), there is a high probability that price could actually act accordingly. After all it's the forces of the market that move price.. the collective decision of the stronger side decides where prices moves next.

Of course, no amount of confluence can determine the direction of price 100% of the time... but then again no strategy can... and a real trader knows that you can be right on 40% of the time and still make a lot of money with the right risk management.
 
1
  • Comment #52
  • Quote
  • Jun 30, 2017 6:38am Jun 30, 2017 6:38am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Quoting mmforexinfo
Disliked
{quote} How about this: a beautiful CONFLUENCE: EMA(200), Trendline and Resistance level... See attached pic from today, 19:00 AEST {image}
Ignored
And how exactly would you draw that trend line again.... Ah this would be the wait for it to move down then draw it , meanwhile go through all the MA's you can find until one matches.

Great, now I am sure you are unable to prove it.

Look at the amazing dust cover indicator I made see how price touched it then once it fell through it went flying down. Should price come back to the dust cover indicator be sure to be amazed. It works so well in hindsight, its unstoppable.

Attached Image (click to enlarge)
Click to Enlarge

Name: Capture.PNG
Size: 88 KB
 
 
  • Comment #53
  • Quote
  • Jun 30, 2017 6:50am Jun 30, 2017 6:50am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
As I am now a commercial member, you can buy my amazing hindsight trendline confluence indicator. It works 100% of the time or your money back. As used by mmforexinfo, this indicator never fails. Look how it worked in the past, nails the top and bottom to perfection every time.

Attached Image (click to enlarge)
Click to Enlarge

Name: Capture.PNG
Size: 73 KB


Think of all the pips you could have made. If only your broker will let you trade on past data. Important notice. You must trade with a broker that allows you to trade yesterdays market today!
 
1
  • Comment #54
  • Quote
  • Jun 30, 2017 9:29am Jun 30, 2017 9:29am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
{quote} And how exactly would you draw that trend line again.... Ah this would be the wait for it to move down then draw it , meanwhile go through all the MA's you can find until one matches. Great, now I am sure you are unable to prove it. Look at the amazing dust cover indicator I made see how price touched it then once it fell through it went flying down. Should price come back to the dust cover indicator be sure to be amazed. It works so well in hindsight, its unstoppable. {image}
Ignored
Honestly I am confused now. You must be really dumb or stubborn...I go for the first....But again I will tell you how to look the chart.. just remove the Trendline and.. voila... here is your confluence with the EMA 200 and Resistance level... too difficult for you???? By the way I don't need to keep searching for all the MA's.. I just use one because I know what I am doing...
You should try sometimes... It certainly will improve your trades...
 
 
  • Comment #55
  • Quote
  • Jun 30, 2017 9:37am Jun 30, 2017 9:37am
  •  mmforexinfo
  • | Joined Jan 2012 | Status: Member | 305 Comments
Quoting Hurst
Disliked
As I am now a commercial member, you can buy my amazing hindsight trendline confluence indicator. It works 100% of the time or your money back. As used by mmforexinfo, this indicator never fails. Look how it worked in the past, nails the top and bottom to perfection every time. {image} Think of all the pips you could have made. If only your broker will let you trade on past data. Important notice. You must trade with a broker that allows you to trade yesterdays market today!
Ignored
Sorry but am I missing something here??? "As used by mmforexinfo, this indicator never fails"... I don't use the crap you sell.. sorry to disappointing you...The day I need something different from PA and moving averages I develop myself.. I don't buy useless crap from no one. It is not good to lie to people selling shit that does not work and using other people name pretending you have a good product. If the crap you say you sell works wonders why don't you use and be the next Forbes millionaire??? Who are you trying to pull?? I am not a pommy mate, so don't think I am foul....
 
 
  • Comment #56
  • Quote
  • Jun 30, 2017 10:32am Jun 30, 2017 10:32am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Yes you are really missing the point, seriously. But don't stop I am having way to much fun.
 
2
  • Comment #57
  • Quote
  • Jun 30, 2017 10:43am Jun 30, 2017 10:43am
  •  cliffedwards
  • | Membership Revoked | Joined May 2006 | 3078 Comments
Quoting Hurst
Disliked
As I am now a commercial member, you can buy my amazing hindsight trendline confluence indicator. It works 100% of the time or your money back. As used by mmforexinfo, this indicator never fails. Look how it worked in the past, nails the top and bottom to perfection every time. {image} Think of all the pips you could have made. If only your broker will let you trade on past data. Important notice. You must trade with a broker that allows you to trade yesterdays market today!
Ignored
If you are a Commercial Member then my understanding is that advertising and product promotion should be confined to your Commercial section and not pursued on News Threads.
Mods will no doubt advise if I have missed something here.
 
 
  • Comment #58
  • Quote
  • Jun 30, 2017 10:45am Jun 30, 2017 10:45am
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Hello Cliff, looks like you missed it too

I am in commercial as I have a twitter feed lol Read the text again.
 
3
  • Comment #59
  • Quote
  • Jun 30, 2017 1:20pm Jun 30, 2017 1:20pm
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
Hello Cliff, looks like you missed it too I am in commercial as I have a twitter feed lol Read the text again.
Ignored
well, if this is the only reason... ff is a commercial enterprise. everyone who´s transferring traffic from this website harms their business goals (being payed for views) is at risk to be classified as a commercial member. this makes your posts not better, but your status questionable as long as there are MANY other members who should be classified in the same way.
fortis fortuna adiuvat
 
 
  • Comment #60
  • Quote
  • Jun 30, 2017 4:22pm Jun 30, 2017 4:22pm
  •  Hurst
  • | Commercial Member | Joined Aug 2014 | 1116 Comments
Thank you deltaone for that clarrification,
 
 
  • Comment #61
  • Quote
  • Jun 30, 2017 4:46pm Jun 30, 2017 4:46pm
  •  deltaone
  • Joined Nov 2013 | Status: Made in Germany | 426 Comments
Quoting Hurst
Disliked
Thank you deltaone for that clarrification,
Ignored

you´re welcome - trying to be objective.
fortis fortuna adiuvat
 
 
  • Comment #62
  • Quote
  • Jul 5, 2017 9:45am Jul 5, 2017 9:45am
  •  mathtrader
  • | Joined Dec 2010 | Status: Member | 16 Comments
Nice post. I just checked your site now. You have good stuffs.
 
 
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  • Posted: Jun 24, 2017 8:58pm
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    Category: Educational News
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