What does a horizontal line represent?

Quoting michaellobry

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If traders say: "A horizontal line has a higher probability than indicators." What do they mean by horizontal line? Is that: - a de-mark line? (that you draw on your chart) - main trendline (Moving Average) - pivot point - band (envelope, Bollinger, other band) ? What does the horizontal line represent? Is that: - higher high or lower low only? Or also other areas/conditions?

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Quoting dkrock

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From what I understand, horizontal lines connect to previous highs and lows of completed trades, so they mean absolutely nothing. But, 95% of losing traders will tell you otherwise, lol. The next trade will not repeat the last trade, ever, so I wouldn't bother with them if I were you. It's like the number board on the roulette table, lol. Since each spin is a random event, it means nothing. Same in trading, hence the statement, "Past performance is not indicative of future results". How could it be? Different traders, different lot sizes, different...

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Quoting michaellobry

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If traders say: "A horizontal line has a higher probability than indicators." What do they mean by horizontal line? Is that: - a de-mark line? (that you draw on your chart) - main trendline (Moving Average) - pivot point - band (envelope, Bollinger, other band) ? What does the horizontal line represent? Is that: - higher high or lower low only? Or also other areas/conditions?

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Quoting Intrepidpips

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All things work some of the times like a broken clock is correct twice a day, but not all things work all the time.You have to find what works a lot of the time and accept when they loose you money. {image}

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Quoting billytt

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{quote} a horizontal line is probably the best indie you will ever see...... Not all horizontal lines are the same but you must appreciate that they are placed their hopefully by yourself to show a High/Low or areas of concern. SHOWING WHERE THE BIG BOYS HAVE GONE BEFORE.... AND WHERE THEY ARE LIKELY TO GO AGAIN. Do not look at the above statement as it occurred in the past , similar to lagging indies all crap, averages all crap. Markets consolidate just like me taking a break from trading by having a coffee, then it moves, this is the big players...

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Quoting michaellobry

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{quote} Nice chart! How do you trade ADR and ATR with GBP/USD? - for example. if ADR is 10% you use a trend system, and 110% ADR signals reversal so you use a ranged strategy? - average true range (ATR) similar?

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Quoting Intrepidpips

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{quote} The ADR is the Daily number of pips movement from High to Low divided by your sample space, most people use 5. So it means if GBPUSD has an ADR of 112 for the past 5 days it can be reasonably expected to move that much from the high to the low of the next trading day. What the ATR combined does is just to alert you that the pair has moved a certain number of pips from low to high or high to low, so you search for one that is yet to move much from the pairs highlighted in Orange, maybe with impending news so you don't flog a dead horse. In...

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Quote

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Note how price hits and turns at the HORIZONTAL LINES.

Quoting michaellobry

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{quote} Interesting! I got the message! {quote} Yes, price bounces on and off the Pivot point lines. Question: I take it you are using the standard pivot points. Have you had the opportunity to test out fib, DeMark, Camerilla and moodie pivot points?

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Quoting michaellobry

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If traders say: "A horizontal line has a higher probability than indicators." What do they mean by horizontal line? Is that: - a de-mark line? (that you draw on your chart) - main trendline (Moving Average) - pivot point - band (envelope, Bollinger, other band) ? What does the horizontal line represent? Is that: - higher high or lower low only? Or also other areas/conditions?

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Quoting michaellobry

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{quote} Interesting! I got the message! {quote} Yes, price bounces on and off the Pivot point lines. Question: I take it you are using the standard pivot points. Have you had the opportunity to test out fib, DeMark, Camerilla and moodie pivot points?

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Quoting Intrepidpips

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{quote} I searched for the Moodie Pivots but couldn't find it, could you post it here if you have it?

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Quoting Intrepidpips

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{quote} I searched for the Moodie Pivots but couldn't find it, could you post it here if you have it?

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Quoting Intrepidpips

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{quote} I searched for the Moodie Pivots but couldn't find it, could you post it here if you have it?

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