Disliked2 Half-span averages (16 and 32) crosses 2 Full Span Averages (32 and 64 to confirm a Focal Point {image} {image}Ignored
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Disliked2 Half-span averages (16 and 32) crosses 2 Full Span Averages (32 and 64 to confirm a Focal Point {image} {image}Ignored
DislikedUnderstand how a Double Top forms itself Jim Tillman and Double Bottoms When there is a double bottom or a double top, you should consider that there might be a cycle changing direction half-way between those two points. {image} {image} {image}Ignored
Disliked{quote} A clarification for those following along -- in the MT4 world @parisboy's CMA is SMA (Simple Moving Average)...Ignored
Disliked6 bars back CMA 64 has confirmed the building of a Focal Point 163264 {image} {image}Ignored
DislikedA by the Book Jim Tillman Focal Points Channel almost LIVE a) we used Centered Moving Averages 16, 32 and 64 b) these CMA's generated 2 Focal Points where they crossed together with Price Action c) you draw a straight line between these 2 Focal Points d) you draw 2 parallels one from the Top of the Swing , the other from the Low e) you observe the result {image}Ignored
EURAUD - H1
Disliked{quote} I see the newly formed Focal Point, but I don't know what you mean by "6 bars back". Could you place an arrow where these 6 bars are located.Ignored
DislikedSet the bias aside and take a closer look at @parisboy's Focal Point strategy -- it works. If you are lucky a light bulb will go on. Just be careful not to slap your forehead too hard...Ignored
DislikedA by the Book Jim Tillman Focal Points Channel almost LIVE a) we used Centered Moving Averages 16, 32 and 64 b) these CMA's generated 2 Focal Points where they crossed together with Price Action c) you draw a straight line between these 2 Focal Points d) you draw 2 parallels one from the Top of the Swing , the other from the Low e) you observe the result {image}Ignored
Disliked{quote} Well, I don't know what to do with those focal points. They are useless, because I need a signal where I'm pointing. Then I know where to put my Stop Loss. Next I need to estimate the most likely Take Profit, and I can do that. When I have my SL & TP prices, then all I need is my Optimal Entry Price, which is at 0.618 pullback, so tahat I get 1 SL to 1.618 TP. So, if my risk is 2% (SL), my TP is at 3.236%. Thus, I have earned 2% for my future SL and 1.236% extra. Now, all I need to do is NOT take worse deals than that. {image}Ignored