Hi Everyone,
Do you think this is the ZC setup that Scrutch was referring to?
Love to hear your opinions please!
Thank you!
Do you think this is the ZC setup that Scrutch was referring to?
Love to hear your opinions please!
Thank you!
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DislikedHi Scrutch,
Can you please post a chart?
IMHO it will help me, and maybe others, learn the ZC setup.
Thank you!Ignored
DislikedPrime example of PA keeping you out of a bad trade by watching the M15 chart.
I was watching the three red candles form...when along came Mr. Green.
Trade was not taken (yet) as PA started to show a bit of strength, instead of continued weakness.
Maybe later...?
Maybe not...?
Please remember...not taking a trade is taking a position!
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DislikedI do not believe there is repainting going on with the indicators, merely a reflection of what is happening with price and momentum at this time.Ignored
DislikedIf I may ask another question please:
Assuming that PA is good, you want to enter at the middle white line with SL at the bottom of the grey area and TP at the bottom white line? Is that correct?
Thank you!Ignored
DislikedI don't pay that much attention to the mid point of the last swing...but an easy way to do this is to click on the trend line to show the grip points (the small boxes at the beginning, mid point and end of the trendline). You can watch the level around the middle grip to get an idea of a 50% retracement to see how price reacts there.
My attention is on the S/R lines that I have drawn...nothing fancy or complicated there. I see an approximate 30p's between support lines and that's enough for me to consider taking a trade. You have to keep in mind...Ignored
DislikedLG:
I think its worth drawing a distinction between the RSI indicator, and the arrow indicator that's used here. One of the things that first drew me to this thread was the idea that it was a "chart lover's" method. The basic function of the arrow indicator is to relieve people of the chore of looking at the charts on the higher time frame.
Then, what seems to have happened, is that people place some incredible faith in what the arrows are doing. It's very easy to see what the arrows do. All you need to do is look at the higher time frames....Ignored
DislikedLawgirl,
I began the learning process of the forex market almost two years ago. I have had some successes and some failures. I have been profitable in spurts, however, have lost money in the long run. The purpose of this post is to comment on your system. I am impressed with its simplicity and its profitability. You have given me a new way to look at the forex market. I have found that through your system rules, I am not only profiting by them,
I am able to see other profitable opportunities that jump out at me through the way you have taught...Ignored
DislikedI have been reading this thread for a few days now but this is my first post i wanted to make sure i gather as much knowledge before i introduce myself.....I also want to get the opinion of anyone on this thread about the 3-touch on these pair ......want to make sure i get it right or at least close.Ignored
DislikedThat is exactly right for a 3 Tap and trigger. However, PA has been so strange the last few weeks, I have taken to watching PA for a few candles on the M15 chart to confirm direction.Ignored