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- berniefx replied Apr 15, 2020
So you're looking for double tops/bottoms, or S/R? 1. Look for pivot points in price, where the low of a candle is lower than the lows of the candles before and after it. Candle 1 Low > Candle 2 Low < Candle 3 Low. 2. Save it as a variable. ...
- berniefx replied Apr 15, 2020
Well prove it! That's the whole point of this thread right? I tried to explain my side. You should explain your claims as well. Well I was talking about the common retail trader's understanding of S/R. It's kinda unfair to suddenly create ...
- berniefx replied Apr 15, 2020
1. The reason usually used to justify why S/R works is that is from traders' psychology. Traders supposedly fear these levels as places where price bounces. But institutions don't think that way. I can give you loads of examples where price charts ...
- berniefx replied Apr 15, 2020
Tell me what assumptions I make without sound reasoning and I'll try to clear it up! I believe the why, or the root cause of the movement is more important that a price chart. It's hard to summarize experience and research into a price chart, but ...
- berniefx replied Apr 15, 2020
Supply and demand as an economics concept is a description of merging all buyers into a buying power known as demand, and all sellers into a selling power known as supply. It's not "true", "wrong", or "right"; it's just a way of describing market ...
- berniefx replied Apr 14, 2020
Well I backtested it over a long period of time (from 2018). It seems to be performing better in March 2020, but these months now are outliers due to heightened volatility from the virus. If it had a 9/10 success rate that really would be amazing ...
- berniefx replied Apr 14, 2020
Hey zoheb01, I programmed the strategy as an EA and backtested it. With the settings you mentioned in the video, it isn't profitable. But it can be with some slight tweaking! 1. Instruments matter. I found it to be effective on EURUSD, GBPUSD, and a ...
- Posts by Member Search: 'berniefx'